26 December 2015


BUY  crude oil  ABOVE 2500 TG 2550,2600 SL 25450
International   markets are currently trading on a good position as  ,HANGSANG,NASDAQ,FTSC,DAX,TAIWAN INDEX are in green whereas NIKKIE,KOSPI,CAC are to be watched in red . on other hand  the Multi Commodity Exchange ( MCX);  bullion’s and energy have gained although  base metals are the loser’s on last day of trading day(week) . Energy had gained lot at weekend session.
Gold prices up by 0.99 per cent on Thursday as investors continued  for the increased likelihood that the QUARTERLY GDP rates will increase with USA JOBLESS data hopes.
Gold futures for February 2016 contract, at MCX, were trading at Rs. 25212  per 10 grams, up by 0.99per cent after opening at Rs. 25,173 against the previous closing price of Rs. 25082 . It touched the weekly low of Rs. 25055 on Wednesday market after release of GDP DATA.
Copper futures for febuary2016 contract, at MCX, made weekly high on starting day itself with rate of 317.60. And touched the low of 312 on Thursdays market and given a return on rallies.
Else above from these, energy sector  had given much high return among all the three segments (bullion, base metal energy) on both crude oil as well as natural gas . NATURAL GAS had increased  from 118.20 to 135.20 cover of  17points return in a week for buyers. whereas crude oil is has pull backed from 2402 to 2540.
Apart  from all these  copper was the top losers of these week and natural gas& crude oil are being top gainer of the week .
Upcoming week of market session will remain too volatile session as there are many events to be seen in these week as  crude oil inventories, natural gas inventory, base metal expiries, m3 money supply and many more
Gold resistance 25350,25500,25740 support 25140,25050,24920
Copper resistance 315,321,325 support 311,307,303

Lead resistance 118,119.55,121 support 114.40,113.20,111.10

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