Gold jun contract short term trend is bullish, made day high at 27020 and closed at Rs. 26868. Gold traded in green from last couple of days our expectation price may go upside; follow the strategy buy on dips. Keep eye on today’s upcoming data.

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Daily MCX News letter
06th May 2015
DAILY MCX News letter

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PRECIOUS METALS:
Gold jun contract short term trend is bullish, made day high at 27020
and closed at Rs. 26868. Gold traded in green from last couple of days
our expectation price may go upside; follow the strategy buy on dips.
Keep eye on today’s upcoming data.
ENERGY
MCX Crude oil may contract is now in bullish trend yesterdays it
conforms the bullish signal and closed at Rs.3857 and made day high at
3886. Expectation price may go upside. For today’s trading session
follow the strategy buy on dips.
BASE METALS
MCX Copper Jun short term trend is bullish, closed at Rs 414.45, Made
day high at 418.15 The mine side worries have underpinned the prices
of Copper to new levels. Copper has been riding higher in last few
weeks on the back of expectations of stimulus measures from China
and the efforts by People's Bank of China by easing credit limits. Our
expectation price may give some correction and then continue upside
rally for today’s trading session follow the strategy buy on dips.
MARKET WRAP

3. Money Maker Research Pvt. Ltd.
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PIVOT POINT
GOLD
SUPPORT1: 26720
SUPPORT2: 26480
RESISTANCE1: 27060
RESISTANCE2: 27290
SILVER
SUPPORT1: 37350
SUPPORT2: 36700
RESISTANCE1: 38500
RESISTANCE2: 39150
CRUDE OIL
SUPPORT1: 3820
SUPPORT2:3775
RESISTANCE1: 3925
RESISTANCE2: 3975
COPPER
SUPPORT1: 410
SUPPORT2: 407
RESISTANCE1: 418
RESISTANCE2: 422

4. Money Maker Research Pvt. Ltd.
www.moneymakerfinancial.com
An ISO 9001-2008 Company
CALL: BUY GOLD JUN ABOVE 27020 TARGETS 27150, 27280 STOPLOSS
26880.
PICK OF THE DAY

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