Thursday 4 September 2014

Gold October contact down , base metal Nickel increase 1.7%, intraday commodity calls


mcx gold October contact range bound ahead of US job data at 6 pm, gold made high 27632 and low at 27512, silver December contact traded at 42300 with green while low of day at 42206,

comax glod trend: $1273.43 made high while low of day at $1276, rupee open strong than dollar at 60.425.
base metal nickel was uptrend open today at 1152 and made low at 1149 while high at 1177, base metal copper made high at 425.9 and low at 424.1 .
crude oil look down trend open at 5761 ans low at 5741 high of day at 5766.
mcx commodity calls:
sell gold above 27640 target 27550/27460/27380 stoploss 27750
sell silver above 42300 target 42200/42100/42000 stoploss 42450
sell nickel above 1175 target 1165/1155/1145 stoploss 1189
sell crude oil above 5760 target 5740/5720/5700 stoploss 5793

3 comments:

  1. Bank nifty traded down with low prices of 119.25 or -0.76% to 15990.35 led by down bank of india, canara bank, Federal bank, PNB down above 2%.

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  2. As depicted by Epic research Gold fell as the dollar's rally against a basket of major currencies decreased bullion's appeal as a currency hedge.

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  3. GOLD (5 DEC.) TREND: CONSOLIDATE
    RES 1: 27300
    RES 2: 27500
    SUPP 1: 26800
    SUPP 2: 26500
    STRATEGY: SELL ON HIGH
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