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  • Showing posts with label commodity weekly outlook.. Show all posts
    Showing posts with label commodity weekly outlook.. Show all posts


    Weekly Commodity Trading Outlook and Technical Levels from Monday, 13 August 2012 to 18 August 2012

    MCX Gold is expected to trade with Support between -29,955-29,830 while Resistance will be in between-30,154-30,300.

    MCX Silver is expected to trade sideways with Supports at 53,100 and 52,700 & Resistance at around 53,860 and 54,240.

    MCX Copper is likely to trade sideways with Support at 411.20 and Resistance at 419.20

    For the current week we expect Crude oil prices to find support at 5047-5030 levels and further below strong support is seen at 4955-4935 levels.

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    Monday, 13 August 2012

    Gold and silver are being in a slight up edge in the international market. There has been a huge demand for the precious metals in the market all around the globe. At Comex the gold is trading at 1,622.75 with a positive note of 0.15 percent.Last week the gold at mcx the closed above Rs 30,000 while after falling the mcx silver closed at 53,485.Investors are now eyeing the US GDP figure for the Q2 which is likely to show the world's largest economy grew at its slowest pace in a year.

    MCX Gold Trading Tips For 13 August 2012

    Technically the gold in mcx commodity market is most likely to take the support of Rs. 29882.25 and the resistance of Rs. 30,170 on Monday's trade i.e. 13 August 2012.

    MCX Silver Trading Strategy For 13 August 2012

    MCX Silver September will be a buy call between 53,420-53,360, with a stop loss of -52,860, and Target between -54,120/55,050. These above level may be taken for the weekly outlook too.

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