Thursday 13 September 2012

Trading guide for MCX on 13th September


Pivot points for MCX trading on 13th September


R3
R2
R1
Pivot
S1
S2
S3
ALUMINI
116.08
115.42
114.73
114.07
113.38
112.72
112.03
COPPERM
463.40
459.95
456.20
452.75
449.00
445.55
441.80
CRUDEOIL
5468.67
5436.33
5394.67
5362.33
5320.67
5288.33
5246.67
GOLDGUINEA
26032.67
25891.33
25733.67
25592.33
25434.67
25293.33
25135.67
GOLDM
32499.33
32314.67
32102.33
31917.67
31705.33
31520.67
31308.33
GOLDPETAL
3254.33
3240.67
3224.33
3210.67
3194.33
3180.67
3164.33
LEADMINI
119.78
118.92
117.73
116.87
115.68
114.82
113.63
NATURALGAS
176.70
173.00
170.80
167.10
164.90
161.20
159.00
NICKELM
961.40
949.90
935.40
923.90
909.40
897.90
883.40
SILVERM
67593.67
66172.33
64742.67
63321.33
61891.67
60470.33
59040.67
SILVERMIC
67588.00
66169.00
64740.00
63321.00
61892.00
60473.00
59044.00
ZINCMINI
113.52
112.58
111.42
110.48
109.32
108.38
107.22

Zincmini and Leadmini have reached a zone where resistance is strong. Gold is showing some sideways movement. It could lose some value at this point. So does the silver. However it must be noted the uptrend is not over yet for gold and silver. Any dip in price would trigger another wave of upswing like we have seen in the past many trading sessions therefore shorts should be avoided..

Happy trading!!

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