Market Update

Market Watch

Monday, 11 March 2013

Live Mcx Market Watch



Money CapitalHeight Research Pvt Ltd is a leading Stock Advisory Company, having a strong hold in providing most authentic and accurate Mcx Tips as well as Commodity Tips. 
  • Copper is poised for the first weekly gain
  • Zinc, tin and lead also rose
  • Gold swung between advances and declines
  • Dollar strengthened against a six-currency basket
  • Crude oil rose above 91.5$
  • Natural gas futures climbed to a 13-week high


Copper is poised for the first weekly gain in four after exports by China, the top user of the industrial metal, grew more than expected, adding to signs of the global economic recovery. Zinc, tin and lead also rose. Gold swung between advances and declines before a report that is forecast to show the U.S. labor market improved, damping expectations for further stimulus and boosting the dollar. Silver fell. The dollar strengthened against a six-currency basket before the report that may show U.S. employers added more jobs in February. West Texas Intermediate oil headed for the first weekly gain in three weeks. Brent crude’s premium to New York futures narrowed as a North Sea pipeline network resumed five days after it was shut because of a leak.


Technical View: 


GOLD(APR)


Trend            • Consolidate


Strategy           • Sell on high

Resistance      • R2 - 29950

                          • R1 - 29680

support            • S1 - 29150

                          • S2 - 28850


SILVER(MAY)


Trend          • Consolidate
Strategy      • Sell on high

Resistance  • R2 -57750

                      • R1 -55870

support        • S1 - 53350

                      • S2 - 52200

 
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