MCX Gold prices closed at Rs. 27082 tested high of Rs 27297 per 10 grams and a low of Rs 27053 per 10 grams. Gold price is near to its support level expectation price may consolidating near follow the strategy sell on high. ENERGY

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Daily MCX News letter
25th May 2015
DAILY MCX News letter

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PRECIOUS METALS:
MCX Gold prices closed at Rs. 27082 tested high of Rs 27297 per 10
grams and a low of Rs 27053 per 10 grams. Gold price is near to its
support level expectation price may consolidating near follow the
strategy sell on high.
ENERGY
MCX Crude oil futures closed at Rs 3813 per barrel, testing a high at Rs
3883 per barrel. Crude oil traded in a range trend is bullish. For today’s
trading session follows the strategies 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 394.65 per kg.
Copper ended the day at Rs 396.50 per kg. For today follow the strategy
sell on high.
MARKET WRAP

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PIVOT POINT
GOLD
SUPPORT1: 26890
SUPPORT2: 26650
RESISTANCE1: 27260
RESISTANCE2: 27490
SILVER
SUPPORT1: 38250
SUPPORT2: 37600
RESISTANCE1: 39500
RESISTANCE2: 40150
CRUDE OIL
SUPPORT1: 3750
SUPPORT2:3695
RESISTANCE1: 3860
RESISTANCE2: 3910
COPPER
SUPPORT1: 387
SUPPORT2: 390
RESISTANCE1: 399
RESISTANCE2: 403

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SELL GOLD JUN BELOW 27070 TARGETS 26970,26870 STOPLOSS
27270.
PICK OF THE DAY

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