Gold Tips>MCX Commodity Energy Trend

MCX Commodity Market View |Energy Trend for Today(13 Jan 2012):-Today we can see commodity market fully down trend, and it was tomorrow also view negative direction. Today MCX Gold is trading at Rs-27,600on market opening time After all it has go down. In current MCX Gold is trading at Rs-27,518 around 11:30 Am While Silver was opening view negative and it was trading at Rs-52,600 in domestic market.

Overall trend of the Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. Buy is advised above 27821.2 with a stop at 27559.4 below 27509.2 go for sell.

The Crude oil is in long- medium- term bull phase .Currently Crude oil is in strong downtrend with good momentum and the trend is supported with good volume the open interest is not increasing with trend.We can say today is great position for sellers.

MCX Commodity Energy Trend:-Crude oil Trend (Jan):-Trend Consolidate, Strategy Sell On High and its resistance 5360 to 5442 with support 5196 to 5114.

Natural gas Trend:- Trend Consolidate,Stretegy Sell on High and its resistance 140 to 146 and support 129 to 121.

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