Bullion
On the first day on the 2013 the commodity market in struggling, the backbone of commodity market is trending downward in the early trading session. Bullion is moving with the red flag. Today yellow metal is down by 27 point in the early trade from its last close 30859 at 10:34 am. Gold has a low support today 30670 and resistance of 31050. Meanwhile the white metal is also following the same trend and goes 77 point down to its last close Rs 57864 at 10:38 am. Silver is expecting to trade low this week, today it is trading between 57077-58500.
Copper
Copper is in the good position today, currently copper is showing a red oscillator but is expected to showing a green signal shown. Copper for February contract is trading 443.30 at 10:45. Copper have a good support level 441 and with a resistance of 446.
Crude oil
Today crude oil is in the good move showing a positive movement in the early trade. It’s just passes above 5000 mark in the last trade. Crude current position is 5028 up by 13 point to its last close at 10:51 am.
Today buy calls:-
Buy gold above 30870 …tgt 30950, 31000, 31050………sl 30555
Buy silver above 57830 tgt 57900, 58000, 58100……..sl 57520
Buy crude oil above 5030 tgt 5040, 5060…5080……sl 4090
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