MCX Gold prices tested a high of Rs 27685 per 10 grams and a low of Rs 27505 per 10 grams. Gold near to its resistance level, For today’s trading session follow the strategy sell on high, Keep eye on today’s upcoming data.

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Daily MCX News letter
19th May 2015
DAILY MCX News letter

2. Money Maker Research Pvt. Ltd.
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PRECIOUS METALS:
MCX Gold prices tested a high of Rs 27685 per 10 grams and a low of Rs
27505 per 10 grams. Gold near to its resistance level, For today’s
trading session follow the strategy sell on high, Keep eye on today’s
upcoming data.
ENERGY
MCX Crude oil futures closed at Rs 3857 per barrel, testing a high of Rs
3948 per barrel. For today’s trading session follow the strategy buy on
dips.
BASE METALS
MCX Copper June contract is traded in a range from last couple of
week. The range of copper is in between 410-420. Nearest resistance
level at 423.50, Copper trend is bullish; made low of Rs 410.15 per kg.
Copper ended the day at Rs 411.50 per kg. For today follow the strategy
buy on dips.
MARKET WRAP

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PIVOT POINT
GOLD
SUPPORT1: 27420
SUPPORT2: 27100
RESISTANCE1: 27790
RESISTANCE2: 28020
SILVER
SUPPORT1: 39550
SUPPORT2: 39000
RESISTANCE1: 40950
RESISTANCE2: 41600
CRUDE OIL
SUPPORT1: 3810
SUPPORT2:3765
RESISTANCE1: 3925
RESISTANCE2: 3975
COPPER
SUPPORT1: 407
SUPPORT2: 404
RESISTANCE1: 415
RESISTANCE2: 419

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SELL GOLD JUN BELOW 27490 TARGETS 27390, 27290 STOPLOSS
27690.
PICK OF THE DAY

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