mcx daily report
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13/07/2015
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COMMODITY OPEN HIGH LOW CLOSE
SILVER 35469 35885 35342 35615
GOLD 26088 26158 26017 26058
CRUDEOIL 3383 3418 3302 3331
NETURALGAS 174.30 178.40 173.70 177.40
ZINC 128.10 128.50 126.50 127.55
LEAD 114.75 115.60 113.25 113.70
ALLUMINIUM 106.35 106.70 105.40 106.15
COPPER 360.00 360.90 356.50 358.70
NICKEL 735.00 739.20 711.30 713.10
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Gold weakens on sluggish demand; silver strengthens. Gold eased by
Rs 6.00 to Rs 26,058 per ten grams at the bullion market on Friday
owing to slackened demand from jewellers even as the metal
strengthened overseas.
Silver, however, inched up by Rs 287 to Rs 35,615 per kg.
Bullion traders attributed the fall in gold prices to easing demand
from jewellers and retailers at current levels. But, a firming trend in
the precious metal overseas, capped the losses.
Lead down by 0.04% on global trend. Lead futures declined 1.22% to
Rs 113.70 per kg on Friday as participants reduced positions even as
metal strengthened at the London Metal Exchange (LME).
At the Multi Commodity Exchange, lead for delivery in July traded lower by 1.40 paise, or 1.22%, to Rs 113.70 per kg, with a business turnover of 287 lots.
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MCX GOLD AUG2015
The above Daily chart of Gold suggest that prices have reversed
after taking support level. RSI is in a Buy mode. We expect prices
to correct up to levels of 26240.
GOLD TECHNICAL UPDATE
Researcher View
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CRUDEOIL TECHNICAL UPDATE
MCX CRUDEOIL JULY2015
Researcher View
The above Daily chart of Crude oil suggest that prices have
reversed after taking support level. RSI is in a Buy mode. We
expect prices to correct up to levels of 3250.
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• The information contained here was gathered from sources deemed
reliable however; no claim is made as to accuracy or content. This does
not contain specific recommendations to buy or sell at particular prices
or time, nor should any examples presented be deemed as such. There
is a risk of loss in commodity trading and you should carefully consider
your financial position before making a trade. This is not, nor is it
intended, to be a complete study of chart patterns or technical analysis
and should not be deemed as such. Money Classic Investment Advisors
does not guarantee that such information is accurate or complete and
it should not be relied upon as such. Any opinions expressed reflect
judgments at this date and are subject to change without notice. For
use at the sole discretion of the investor without any liability on Money
Classic Investment Advisors.
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