Thursday, May 29, 2014

Thursday copper resistance and support| Gold trend today


In mcx commodity market overall trend of gold and silver is bearish in medium-long term, now gold is trading in oversold level currently gold is strong downtrend. The index is showing sell gold for short term gold is in Sell position.The immediate support for the gold is 26628 and the resistance 27717, 28394.

crude oil is in bearish trend, high selling pressure has seen in crude oil down o.56% or 34 pts at 6078. Crude touched intraday high of 6100 and intraday low of 6055.

Intraday Resistance of COPPER are 416.6 : 418 : 425.2
Intraday Support of COPPER are 413.3 : 411.9 : 404.8

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