MCX Commodity Outlook: Gold Updates, Silver Tips, Copper Updates, Crude Natural Gas, Zinc Lead Nickel Aluminum Tips Support Resistance Levels For Today 20 July:
GOLD UPDATES: Gold futures prices are yet to break the levels. Probably, market is waiting for the Fed meet at July end. Gold is expected to hold the range of $1560-1590. Euro may remain under pressure. This may keep the metal under stress. Gold futures traded steadily & closed in positive, lifted by a drop in the dollar. Gold prices in India edged higher. MCX, Gold August contract closed at Rs.29,158/10 gms after touching an intraday high of Rs.29,269/10 gms on Thursday. However, appreciation in the Indian Rupee restricted sharp upside in prices.
SILVER TREND TODAY: : Silver futures prices have changed to slight lower from prior closing.Debt is bound to swell and so, Euro may remain under pressure. This may keep the metal under stress. silver is expected to have major intraday support at $26.50 and it would be remaining within range today. In MCX Silver prices fell 0.1 percent and closed at Rs.52,670/kg after touching an intra-day low of Rs.52,609/kg in yesterday’s trading session.
MCX COMMODITY TECHNICAL LEVELS:
1. Gold Aug: Sup=29100/29020 Res=29240/29350
2. Silver Sep: Sup=52400/52200 Res=52900/53100
3. Crude Aug: Sup=5080/5030 Res=5160/5190
4. Copper Aug: Sup=428/426 Res=432.5/435
5. Zinc July: Sup=103.5/103 Res=104.4/104.9
6. Lead July: Sup=105.4/105 Res=106.4/107
7. Aluminum July: Sup=105.5/105 Res=106.4/106.9
8. Nickel July: Sup=888/882 Res=897/904
Get All MCX NCDEX Commodity Tips on Your Mobile By SMS. Just
Fill The FREE TRIAL Form.
0 comments:
Post a Comment