GOLD: (August) : Comex: Close watch retracement level of 1477.10 at lower level. Yesterday high 1513 and closed below 1500 mark indicate more down side… so do not buy in MCX also. MCX gold, most active August contract traded at Rs 22,072/10 gm, down Rs 65 and fluctuated between Rs 22,180- 22,055/10gm. Volume was 12,121 lots.
Gold mini, most active August contract traded at Rs 22,079/10 gm, down Rs 71 and fluctuated between Rs 22,191- 22,062/10gm. Volume was 25,347 lots.
Today: Support broken, sell on rise strategy time being….Today resistance…and reversal to sell side….. down side support 21880, below further weakness. Our Lower Level target..?
SILVER (SEPT ) : Today: Lower level support 50000, decisively break will major weakness started in this commodity, higher-level resistance 52800-53000 above. No buy… please.
Most active silver July contract retreated by Rs 296 at Rs 51,625/kg and so far made intra-day high and low of Rs 52,300- 51,577/kg so far. Volume so far was 25,098 lots.
MCX silver mini most active June contract dropped by Rs 329 at Rs 51,603/kg and traded between Rs 52,313- 51,562/kg. Volume recorded 32,907 lots.
Silver July contract gained Rs 319 at Rs 52,240/kg at 10:47 AM IST and so far made intra-day high and low of Rs 52,300- 52,080/kg so far. Volume so far was 3,538 lots.
MCX silver mini most traded June contract moved up Rs 298 at Rs 52,230/kg and traded between Rs 52,313- 52,020/kg. Volume recorded 4,584 lots.
CRUDE (July) : Today: We may consider support 4050-4075 range as and when hold this level, hold support level and bounce back… Decrease in Inventory in USA life the market…..Now today resistance 4300-4315 and support 4200 watch out.
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