mcx commodity gold trend under pressure at 28300 level
while comax gold traded at $1300, today Indian currency open at 60.77
and made low at 60.65,
gold resistance and support level:
R1-28450,
R2-28489,R3-28547, S1-28140, S2-28101, S3-28042
Mcx Silver trend:
silver September contact traded range
bound, open at 42720 while made high at 42750, and low of day at
42636, nymax silver traded above $19.664, high of day at $19.70 and
low of day at $19.577
silver resistance and support :
pivot level for silver
at 42800 and Resistance at 42900, 43050,43150 support level at
42370,42290,42160
crude oil trend:
crude oil September contact traded
positive at 5774, open at 5758 and made high 5777 , intraday
resistance level at 5785,5810,5834
support level at 5740/5723/5705
commodity calls:
buy gold 28300 target 28350/28400/28450 stoploss 28230
buy silver above 42700 target 42900/43200/43500 stoploss
42350
buy crude oil September above 5760 target 5790/5820/5850
stoploss 5720
The Gold trading range for today is from 28103 to 28601 as updated by Epic Research Pvt. Ltd.
ReplyDeleteGOLD (5 DEC.) TREND: CONSOLIDATE
ReplyDeleteRES 1: 27150
RES 2: 27300
SUPP 1: 26800
SUPP 2: 26600
STRATEGY: SELL ON HIGH commodity tips review