MCX Gold prices tested a high of Rs 27296 per 10 grams and a low of Rs 27258 per 10 grams. 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

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Daily MCX News letter
20th May 2015
DAILY MCX News letter

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PRECIOUS METALS:
MCX Gold prices tested a high of Rs 27296 per 10 grams and a low of Rs
27258 per 10 grams. 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 3737per barrel, testing a low at Rs
3728 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 401.55 per kg.
Copper ended the day at Rs 402.45 per kg. For today follow the strategy
buy on dips.
MARKET WRAP

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PIVOT POINT
GOLD
SUPPORT1: 27000
SUPPORT2: 26800
RESISTANCE1: 27460
RESISTANCE2: 27690
SILVER
SUPPORT1: 38400
SUPPORT2: 37900
RESISTANCE1: 39800
RESISTANCE2: 40450
CRUDE OIL
SUPPORT1: 3650
SUPPORT2:3600
RESISTANCE1: 3785
RESISTANCE2: 3835
COPPER
SUPPORT1: 396
SUPPORT2: 393
RESISTANCE1: 406
RESISTANCE2: 410

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

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