Gold and silver climbed to six-month high after the announcement of Federal Reserve. Precious metals prices are trading higher on COMEX today. We expect a further rise in the prices of bullions. A strong rupee against the US dollar will keep the upside limited on Indian Metal Exchanges.
Base metals prices are trading higher on global commodity exchanges today. We expect prices to remain strong on account of further stimulus announcement by US. Aluminium is looking good for today's trade. Crude Oil rose in robust trading yesterday. Crude oil prices are trading higher on NYMEX today. We expect a further rise in the prices of crude oil tracking positive sentiments of global finance markets.
Base metals prices are trading higher on global commodity exchanges today. We expect prices to remain strong on account of further stimulus announcement by US. Aluminium is looking good for today's trade. Crude Oil rose in robust trading yesterday. Crude oil prices are trading higher on NYMEX today. We expect a further rise in the prices of crude oil tracking positive sentiments of global finance markets.
1) USD/INR Sep: Sup1- 54.70 Sup2- 54.50-54.40 Res1- 55 Res2-55.20 Bearish
2) Natural Gas Sep: Sup1- 162 Sup2- 159 Res1- 166 Res2- 168 Trend- Bullish
3) Copper MCX Nov: Sup2- 448.6 Sup1- 451.8 Res1- 457.5 Res2- 459.5 Trend- Bullish
4) Aluminium MCX Sep: Sup2-113.7 Sup1- 114.5 Res1- 116.0 Res2- 116.6 Trend- Bullish
5) Gold MCX Oct: Sup2- 32054 Sup1- 32355 Res1- 32895 Res2- 33081 Trend- Bullish
6) Silver MCX Sep: Sup2-62283 Sup1- 65292 Res1- 66240 Res2- 67115 Trend- Bullish
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