MCX Commodities Technical Levels for Nov '8

                       Gold  Dec Contract

Gold traded nearly $3 dollar higher from yesterday MCX closing.

Closing price        31206


Technical indicators


Simple Moving Average 

5 days    30859        20 days   31024.9

50 days  31294.64    200 days  29863.21

Bollinger band

Upper band     31488.82

Middle band     31024.9

Lower band     30560.98

   Silver Dec Contract

Silver traded nearly 12 cents higher from yesterday MCX closing.

Closing price     59252


Technical indicators


Simple Moving Average 

5 days    58597.2       20 days   59449.85

50 days  61484.26     200 days  56614.75

Bollinger band

Upper band     60993.12

Middle band     59449.85

Lower band     57906.58

Copper Nov Contract

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

Closing price        415.2


Technical indicators


Simple Moving Average 

5 days   418.15         20 days    426.06

50 days  436.77        200 days  427.53

Bollinger band

Upper band      441.49

Middle band     426.06

Lower band     410.63

Crude Nov Contract

Crude traded nearly 30 cents lower than yesterday MCX closing.

Closing price  4643


Technical indicators


Simple Moving Average 

5 days    4666.8         20 days    4726.15

50 days  4873.82       200 days   5040.39

Bollinger band

Upper band      4935.11

Middle band      4726.15

Lower band      4517.19

All above four commodities are technically weak today in International & MCX as expected.In International market,If gold trades above $1725,it may possible to go $10 from there. Currently Gold hold support of $1711.40.