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Friday, July 5, 2013

5 July gold support and resistance || intraday MCX tips for today || Energies trading tips

Today MCX gold price open in upside with an increment in yesterday close, on intraday trading for future delivery it open at 26175 its last close is Rs  26143. Silver price for future delivery open in downside with a depreciation of -344 against its last close of 40484. If we talk of morning session bullion expected to trade in deep red side on intraday trade for future trade, while investor are waiting for US jobs data which may help gold prices to overcome in market.

Gold support and resistance

S1: 25810, S2: 25750
R1: 26350, R2: 26425

Intraday trading tips

BUY CRUDE OIL JULY ABOVE 6090 TGT 6100, 6130, 6160      STOPLOSS 6010

BUY NATURAL GAS JULY ABOVE 221 TGT 223, 225, 228 STOPLOSS 214

BUY MENTHA OIL JULY ABOVE 970 TGT 973, 977, 981 STOPLOSS 958






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