Market Update

Market Watch

Monday, 29 April 2013

Daily Mcx Commodity Report


MARKET WRAP
  • Crude fell, trimming the biggest weekly increase
  • Gold futures fell 0.7 percent to $1,451.8
  • Silver futures for July delivery dropped 1.9 percent
  • Natural gas fell in New York for the fourth time in five days.


Crude fell, trimming the biggest weekly increase since June, as the U.S. economy grew less than expected in the first quarter. Gold futures fell 0.7 percent to $1,451.80 an ounce on the Comex in New York, erasing earlier gains after the U.S. economy grew less than forecast in the first quarter. Silver futures for July delivery dropped 1.9 percent to $23.725 an ounce on the Comex. Natural gas fell in New York for the fourth time in five days, heading for the first weekly drop since February, on speculation that fuel demand will slump after a shot of unusually cold weather next week.

TECHNICAL VIEW
 

GOLD (APR) 

Trend          • Consolidate



Strategy      • Sell on high

Resistance  • R2 - 27980 ;  R1 - 27550
support       • S1 – 26750 ; S2 – 26280



SILVER (MAY)
Trend          • Bearish

Strategy      • Sell on high   

Resistance  • R2 - 46750 ; R1 - 45870          
support       • S1 - 44350  ; S2 – 43200



LEAD (APR)

Trend          • Consolidate

Strategy      • Sell on high   

Resistance  • R2 - 115.5 ; R1 - 112.8       
support       • S1 - 109.3  ;S2 – 107.3



ZINC (APR)

Trend          • Consolidate

Strategy      • Sell on high   

Resistance  • R2 - 106.3 ; R1 - 103.5      
support       • S1 - 99.3  ; S2 - 97.5



For 2 Days Free Mcx Tips, please visit our site at www.capitalheight.com  or please call our 24/7 Customer Care Support us at  +91 99930666240731 - 4295 - 950 .


No comments:

Post a comment