Today Commodity Market News By Money CapitalHeight

Copper rose for a second day in New York as global equities strengthened and Chinese passenger-vehicle sales had the strongest start to a year since 2010.

Indore, India (prHWY.com) March 13, 2013 - MARKET WRAP :
Commodity Market Outlook
* Gold headed for the longest rally in six months
* Silver futures for May delivery rose 1.1 percent to $29.16 an ounce
* Copper rose for a second day in New York
* Nickel, tin, aluminum and lead rose in London.

Gold headed for the longest rally in six months as signs of slowing growth in Europe increased speculation that central banks will expand stimulus, boosting demand for precious metals as a store of value. Copper rose for a second day in New York as global equities strengthened and Chinese passenger-vehicle sales had the strongest start to a year since 2010.

Technical View:

GOLD(APR)

Trend * Consolidate
Strategy * Sell on high
Resistance * R2 - 29950
* R1 - 29680
Support * S1 - 29150
* S2 - 28850

SILVER(MAY)
Trend * Consolidate
Strategy * Sell on high
Resistance * R2 - 57750
* R1 - 55870
Support * S1 - 53350
* S2 - 52200

Money CapitalHeight is an ISO 9001-2011 Registered Company. We are a team of highly qualified and experienced analysts, who deliver their expertise in providing Share Market Tips for traders which include tips like Stock Tips, Commodity Tips, Mcx Tips, Equity Tips and Intraday Tips. All services are provided through SMS and Instant Messenger.
Take a Free Trial of Our Intraday Stock and Commodity Tips and Positional Stock and Commodity Calls and gain sustainable profits in Stock and Commodity Market.For 2 Days Free Trial, please visit our site at www.capitalheight.com or Call at 0731-4295950

* Gold headed for the longest rally in six months
* Silver futures for May delivery rose 1.1 percent to $29.16 an ounce
* Copper rose for a second day in New York
* Nickel, tin, aluminum and lead rose in London.

Gold headed for the longest rally in six months as signs of slowing growth in Europe increased speculation that central banks will expand stimulus, boosting demand for precious metals as a store of value. Copper rose for a second day in New York as global equities strengthened and Chinese passenger vehicle sales had the strongest start to a year since 2010.


Technical View:

GOLD(APR)
Trend * Consolidate
Strategy * Sell on high
Resistance * R2 - 29950
* R1 - 29680
Support * S1 - 29150
* S2 - 28850

SILVER(MAY)
Trend * Consolidate
Strategy * Sell on high
Resistance * R2 - 57750
* R1 - 55870
Support * S1 - 53350
* S2 - 52200

Money CapitalHeight is an ISO 9001-2011 Registered Company. We are a team of highly qualified and experienced analysts, who deliver their expertise in providing Share Market Tips for traders which include tips like Stock Tips, Commodity Tips, Mcx Tips, Equity Tips and Intraday Tips. All services are provided through SMS and Instant Messenger.

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Tag Words: stock future tips, mcx tips

Categories: Finance

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917314295950

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