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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