24 December 2015

MARKET OUTLOOK OF COMMODITY TODAY

YESTERDAY SELL GOLD FEB CONTRACTALMOST HIT FINAL TGT 25020 MADE LOW OF 25055!!!!!!!!!!!!!!!!!
MCX Feb Gold prices shed 184 points in the past session and ended in a negative zone. Overall bearish outlook remains unchanged and further fall is possible towards 24930 & 24770 levels. Hence, any bounce can be utilized to sell at 25165 levels.
SELL Around 25165 TGT 24930/24770 SL 25293
MCX Jan Crude oil has intact temporary uptrend by violating its falling trend-line resistance at 2430 levels and ended well above the same. In today’s session we expect that the oil price to extend the gains towards 2537 & 2586 levels. However, downside support lies at 2465 levels.
BUY Around 2465 TGT 2537/2586 SL 2426

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