MCX Tips: Commodity Outlook Today

MCX Tips|MCX Commodity Levels|Commodity Market Updates (Gold Silver Crude Copper) Today 11 November :- The Multi Commodity Exchange (MCX), COMDEX started today on a positive region without any fall from yesterday. In the opening session it was trading lower by 9.85 points at 3,728.39 after opening at 3,738.66. MCXMETAL started trade today downward by 11.69 points at 4,805.88 after opening at 4,818.65. 

MCX Bullion Tips And Updates (Gold Silver):- The sharp falls in equities and commodities forced some investors to sell their profitable Gold positions to cover losses. In India silver to drop on Euro debt worries. Silver fell nearly 1% percent in the line of expectation as growing fears.

Silver is trading with support at 56021 and below this level it could test 54923 level, And resistance could be seen at 57883, moving above this it could test 58647. 

Silver trading range is 54923-58647.

MCX Base Metal Tips Crude Oil Updates : Crude is trading with support at 4879 and below this level it could test  4819 level, and resistance is likely to be seen at 4976, a move above could see prices testing 5013. 
Crude trading range is 4819-5013.

Copper prices declined by nearly 2 percent on London Metal Exchange (LME) while in Indian markets it ended with losses of 1.5 percent. Copper is looking to take support at 373.7, if it break this level then below it could see level of 368.9 and with resistance to be seen at 383.2, a move above could see prices testing 387.9.
Copper trading range is 368.9-387.9.

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