This
week a bullish trend is seen in Domestic as well as Overseas
commodity market. Firstly , if we talk about most traded gold and
silver prices they are jump in the market due to low currency and
increment in physical buying. This week gold prices knock the door
of 31000 and very soon seen above 31000. whereas on other hand silver
prices flow over 51000 and touch an intraday high of 51198. coming
week are very precious as for investor in which a lots of profit are
going to seen on intraday trading.
This
is very good time to book to profit in gold above 32000 and in silver between the range of 53000 to 56000 for long term investor.
Meanwhile a short term investor can book profit at any position in
upper side as per their requirement.
In
coming week more increment are going to watch but in middle some
bounce back might be watch if some recovery had seen in Indian
Currency.
Energies
commodity are looking in good position , Mcx crude oil for future
delivery yesterday touch a level of 6700 and touch an intraday high
of 6740 in coming session some up and down are might seen while some
positive recovery also going to seen at MCX. Natural gas and mentha
oil also seen in positive sid ein upcoming session. On Saturday
Mentha oil is trading in negative side at 871.60 while natural gas
are in positive side at 211.90.
In
base metal copper , nickel , lead and zinc perform well in this week
at MCX for future delivery . In upcoming week all base metal are
looking in upper note and make some correction in their position.
Gold
support and Resistance for Monday
S1:
30225 , S2: 30000
R1:
31350, R2: 31500
Crude
oil Support and resistance for Monday
S1:
6650, S2: 6610
R1:
6825, R2: 6880
Copper
support and Resistance for Monday
S1
: 455 , S2: 450
R1:
478, R2: 483
Today
MCX calls
BUY
GOLD OCT ABOVE 30770 TGT 30800, 30850, 30900 STOPLOSS 30650
SELL
NICKEL AUG BELOW 935 TGT 934, 932, 930 STOPLOSS 939
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