Monday 25 August 2014

how impact of Home Sales data on MCX Gold Silver


Mcx gold and Silver look in recovery mood, gold open at 27774 and made high at 27784 ,low side at 27715 , comax gold traded at 3 pm $1278.24,
Today gold support level at 27650/27600/27510 and resistance level at 27840/27889/27934
Mcx silver traded above 41888 ,open at 41954 and made low at 41812, nymax silver traded at $19.373
Today US new home sales data come at 7.30 pm, so that effect will seen on mcx commodity, gold silver should be down if data come positive ,that is also key point for base metal, otherwise negative effect seen on basemetal.

Mcx copper open at 429 and made high 429 then slip down at 426.6 ,support of copper at 424.5 if break then 417/415 will come.
Resistance level at 431if break then 436 /438 upside .
Crude oil and natural gas look positive moods, mcx crude tradedabove 5707 and made high at 5708 while open at 5690 and low at 5676.
Natural Gas traded above 237.4 and open at 233.4, low of day at 232.3 , uptrend look both natural gas and crude oil ,
commodity calls :
sell gold above 27770 target 27700/27650/27600 stoploss 27870
sell silver 41950 target 41800/41700/41600 stoploss 42150
sell copper above 428.5 target 426/424/421 stoploss 430.5
buy crude oil 5700 target 5715/5730/5745 stoploss 5680

4 comments:

  1. Mcx indian commodity market started in green shed, Both precious metal is trading positive side.
    MCX Gold October futures trading at Rs 27 859 with 0.32% while silver remains at Rs 42 128 with 0.39%.
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