Life @ TradeIndia Research

Thursday, 15 December 2016

MCX Gold Trading Technique

Gold- MCX Gold may trade lower in line with international market. Gold prices edged higher on a weaker dollar and as markets waited for the outcome of the U.S. Federal Reserve's policy meeting. Domestic gold prices are however getting some support from weaker rupee. MCX Free Tips: Support for MCX Gold February contract is seen at Rs.27050 while Resistance is seen at Rs.27400.

Silver- MCX Silver may trade with a downward bias tracking cues from international exchange. Silver gains with the dollar little changed as investors awaited the outcome of the Federal Reserve’s latest policy meeting. Support for MCX Silver March contract is seen at Rs.40500 while Resistance is seen at Rs.41650.

mcx gold trading

Copper- MCX Copper may note some gains tracking cues from international exchange however the upside may be capped. Copper recovered on a brightening outlook for demand, shaking off an earlier dip.  LME Copper trades higher in early trades today following 0.6% gains yesterday. Best Stock Advisory: Support for MCX Copper November contract is seen at Rs.386 while resistance is seen at Rs.397.

Crude Oil- MCX Crude may note some decline tracking cues from international exchange but downside is limited. Crude oil prices dropped as pressure seen as gasoline supplies rose modestly despite U.S. crude oil stockpiles fell more than expected. Support for MCX Crude December contract is seen at Rs.3430 while Resistance is seen at Rs.3510.

The gold/silver proportion, which measures the number of silver ounces needed to buy an ounce of gold is trading down on Thursday morning. The gold/silver ratio was trading at 67.66 ounces compared with 68.00 ounces on Wednesday.

Free Stock Tips: CALL:- BUY VEDL FUTURE 
ABOVE 237 

No comments:

Post a Comment

Commodities are powered by India