MCX Commodities Technical Levels for Nov '7

Gold & all commodities going higher on positive expectation of Obama win over U S presidential election.If Obama elected again,U S Federal reserve continues its Stimulus Program, that stimulates gold &all commodities going higher.

In Earlier morning All are in down,while Obama s leading sudden change of upper side in market.

                         Gold  Dec Contract

Gold traded nearly $5 dollar higher from yesterday MCX closing.

Closing price        31273


Technical indicators


Simple Moving Average 

5 days    30808.2      20 days  31013.45

50 days  31308.44    200 days  29844.4

Bollinger band

Upper band      31470.17

Middle band     31013.45

Lower band     30556.73

   Silver Dec Contract

Silver traded nearly 10 cents higher from yesterday MCX closing.

Closing price         59910


Technical indicators


Simple Moving Average 

5 days    58685.8      20 days    59485.2

50 days  61577.02     200 days  56604.68

Bollinger band

Upper band     61041.06

Middle band     59485.2

Lower band     57929.34

Copper Nov Contract

Copper traded nearly $1 dollar higher than yesterday MCX closing.

Closing price        422


Technical indicators


Simple Moving Average 

5 days    419.77       20 days    427.03

50 days  437.42        200 days  427.6 

Bollinger band

Upper band      442.03

Middle band     427.03

Lower band     412.03

Crude Nov Contract

Crude traded nearly 60 cents higher than yesterday MCX closing.

Closing price   4794


Technical indicators


Simple Moving Average 

5 days    4677.6         20 days   4735.6

50 days  4887.22      200 days   5043.88

Bollinger band

Upper band      4945.75

Middle band      4735.6

Lower band      4525.45