MCX Commodities Technical Levels

Gold  Dec-5

Gold $2 dollars lower open from yesterday MCX closing.Selling may possible.Gold weak below 30830.

closing price         30952

Technical indicators


Simple Moving Average 

5 days    31052.4       20 days  31125.85

50 days  31373.66     200 days 29787.85


Bollinger band

Upper band     31450.84

Middle band    31125.85

Lower band     30800.86

                               Silver  Dec-5


Silver 8cents lower open from yesterday MCX closing.Selling may possible.
Silver weak below 59390

Closing Price 59695


Technical indicators

Simple Moving Average 

5 days    59613.8      20 days  60123.4

50 days  61832.68    200 days 56610.62

Bollinger band

Upper band     61850.73

Middle band    60123.4

Lower band     58396.07