Commodity prices look positive on global trend keep constant but physical demand of precious metal look high, as well as FED chairperson speech give support to bullish trend, mcx gold traded above 30450,silver 46000, copper 438,zinc and lead also positive trend, crude oil taken recovery above 5930 level
Today
commodity calls by expert view:
gold:
gold buy above 30400 target 30550,30600 stoploss 30300
silver
buy above 45600 target 45900,46300,46500 stoploss 45500
copper
buy above 438 target 440,442,444 stoploss 435
buy
crude oil above 5930 target 5950,5970,5990 stoploss 5000
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ReplyDeleteGOLD (5 FEB.) TREND: BEARISH
RES 1: 29850
RES 2: 30000
SUPP 1: 29200
SUPP 2: 29000
STRATEGY: SELL ON HIGH
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Epic Research recommends that Gold inched down as the ECB held interest rates steady at a highly-anticipated meeting, while hinting that rates could be cut again in the short-term future.
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