Gold edged up today morning, we recommend staying long for the metal from lower levels as the Euro area anxiety may pull it down. We don’t expect Euro to continue gain and is likely to come down slowly. So Silver may have a drag as in evening, the US second quarter GDP is likely to grow at a slower pace than 1.70%. In silver volatility is expected in evening so it is likely to remain confine within a range.
Gold Trading Tips :
Sell Gold at 31250 Target 31180 Stop Loss 31310.
Crude Oil futures prices are trading above $90/bbl with a marginal gain. We may suggest remaining on selling side for the day from higher level.
Sell Gold at 31250 Target 31180 Stop Loss 31310.
Crude Oil futures prices are trading above $90/bbl with a marginal gain. We may suggest remaining on selling side for the day from higher level.
Crude Trading Tips:
Sell Crude Oil 4826 - 4830 Stop Loss 4850 Target1- 4800 Target2- 4770.
Copper on LME rebounded today morning from two-week low. Base metals are also likely to open at a blend at MCX and may continue to remain under pressure.
Copper on LME rebounded today morning from two-week low. Base metals are also likely to open at a blend at MCX and may continue to remain under pressure.
Copper Intraday Trading Tips:
Sell Copper at 442 Target- 439.50 Stop Loss 444.
Sell Copper at 442 Target- 439.50 Stop Loss 444.
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