Market Update

Market Watch

Friday, 12 April 2013

Mcx Market Watch



Market Wrap


  • Gold gained for the second time in three days
  • Natural gas rose to a 20-month high
  • Copper for delivery in three months rose 0.4 percent
  • Silver futures for May delivery gained 0.3 percent to $27.73 an ounce


Natural gas rose to a 20-month high in New York after a government report showed that U.S. Stockpiles fell more than expected last week. Gold gained for the second time in three days as a weaker dollar increased demand for the precious metal as an alternative investment.

GOLD(APR) 
Trend          • Consolidate 
Strategy      • Sell on high
Resistance  • R2 - 29750 ;  R1 - 29490
support       • S1 – 29030 ; S2 – 28750

SILVER(MAY)
Trend          • Consolidate
Strategy      • Sell on high   
Resistance  • R2 - 53750 ; R1 - 52870            
support       • S1 - 51150  ; S2 – 49800

LEAD(APR)
Trend          • Consolidate
Strategy      • Sell on high   
Resistance  • R2 - 118.5 ; R1 - 115.8         
support       • S1 - 110.8  ;S2 – 107.5

ZINC(APR)
Trend          • Consolidate
Strategy      • Sell on high   
Resistance  • R2 - 107.3 ; R1 - 104.8        
support       • S1 - 100.3  ; S2 - 97.5


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