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GOLD MCX TECHNICAL VIEW
MCX Gold closed at 28756 on Friday. As we can see from chart price has recovered after taking
support at 27860 level. Strong buying sentiments in domestic and COMEX market supporting the gold
price. We expect price may go more upside.
SILVER MCX TECHNICAL VIEW
MCX Silver closed at 43177 on Friday. As we can see from chart price has shown some strength and
crossed 43500, but failed to sustain this level, as compared to gold, silver is under pressure and we
expect price can make a dip to 42500 before going above 44500 level.
NATURAL GAS MCX DAILY CHART
MCX Natural Gas closed at 280.7 on Friday. Price has recovered from bottom, but still in
pressure. 295 giving strong resistance to the price. Weekly NG inventory stands at 4B compared
-74B. We expect price can go down in coming weeks.
CRUDEOIL MCX TECHNICAL VIEW
A firm recovery momentum seen in MCX Crude oil last week, and closed at 6292. Oil imports in
March were valued at $15.78 billion, which was 17.7 percent higher than oil imports valued at
$13.40 billion in the corresponding period last year. International crude price is still above $100
and taking strong support in that level.
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