Saturday, August 10, 2013

12 Aug gold support and resistance || commodity trend for monday trading || intraday monday MCX trading level

Hello friend after a EID today on Saturday market is trade quite low. On Monday some high trend is looking on domestic trading. Dollar vs Rupees level are make high change , if rupees break more than base metal must be seen in positive side. However, precious metal are volatile for future delivery on coming week but due to festival season some increment is seen in physical buying.

Buy gold if break level 28000 otherwise sell in deep.
Gold support and resistance
S1: 27625, S2: 27500
R1: 28367, R2: 28450
Mcx crude oil for future delivery look in positive in upcoming day, on Monday fresh start some volatile trade is expected in negative side below 6400.
MCX copper and nickel made good correction in this week, and same positive volatile trend is going to seen on Monday morning.
Buy copper Aug above 443 tgt 445, 447
MCX mentha oil and natural gas in upcoming week look weak and lazy for future delivery . On Monday mcx Mentha oil for august delivery looking volatile but if break level of 840 then going to be bearish on morning trade.


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