MCX Gold prices tested a high of Rs 27364 per 10 grams and a low of Rs 27186 per 10 grams, Closed at Rs.27284. Gold felt down side from 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
21th May 2015
DAILY MCX News letter

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PRECIOUS METALS:
MCX Gold prices tested a high of Rs 27364 per 10 grams and a low of Rs
27186 per 10 grams, Closed at Rs.27284. Gold felt down side from 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 3775per barrel, testing a low at Rs
3725 per barrel. Crude oil now in support level 3715.For today’s trading
session follows the strategy buy on dips.
BASE METALS
MCX Copper June contract traded in red yesterday. It breaks its
consolidation range down side and made low of Rs 399.70 per kg.
Copper ended the day at Rs 400.80 per kg. For today follow the strategy
sell on high.
MARKET WRAP

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PIVOT POINT
GOLD
SUPPORT1: 27090
SUPPORT2: 26850
RESISTANCE1: 27460
RESISTANCE2: 27690
SILVER
SUPPORT1: 38450
SUPPORT2: 37800
RESISTANCE1: 39800
RESISTANCE2: 40450
CRUDE OIL
SUPPORT1: 3720
SUPPORT2:3675
RESISTANCE1: 3825
RESISTANCE2: 3875
COPPER
SUPPORT1: 396
SUPPORT2: 393
RESISTANCE1: 404
RESISTANCE2: 408

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SELL GOLD JUN BELOW 27240 TARGETS 27140, 27040 STOPLOSS
27440.
PICK OF THE DAY

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