MCX Gold prices closed at Rs. 27161 tested high of Rs 27175 per 10 grams and a low of Rs 27082 per 10 grams. MCX Gold is unlikely to see major gains in evening trades today. Gold stayed under pressure as the US dollar hit its highest level in last one month against the Euro after

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Daily MCX News letter
26th May 2015
DAILY MCX News letter

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PRECIOUS METALS:
MCX Gold prices closed at Rs. 27161 tested high of Rs 27175 per 10
grams and a low of Rs 27082 per 10 grams. MCX Gold is unlikely to see
major gains in evening trades today. Gold stayed under pressure as the
US dollar hit its highest level in last one month against the Euro after
Greek leaders said the country won't make InternationaI Monetary
Fund repayments that are due in June 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 3830 per barrel, testing a high at Rs
3848 per barrel. Crude oil traded in a range, all over trend is bullish. For
today’s trading session follows the strategies buy on dips.
BASE METALS
Yesterdays MCX Copper June contract give some correction in upper
side after a week. Copper ended the day at Rs 399.80 per kg. and made
day high at 400.35 For today follow the strategy sell on high.
MARKET WRAP

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PIVOT POINT
GOLD
SUPPORT1: 26940
SUPPORT2: 26700
RESISTANCE1: 27320
RESISTANCE2: 27550
SILVER
SUPPORT1: 38450
SUPPORT2: 37800
RESISTANCE1: 39700
RESISTANCE2: 40350
CRUDE OIL
SUPPORT1: 3770
SUPPORT2:3725
RESISTANCE1: 3875
RESISTANCE2: 3925
COPPER
SUPPORT1: 394
SUPPORT2: 391
RESISTANCE1: 402
RESISTANCE2: 406

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

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