Market Update

Market Watch

Friday, 26 April 2013

Today Mcx Market Outlook


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.
 
Market Wrap


  • Gold rose the most since June
  • Crude oil capped the longest rally in nine months
  • Copper rose the most in seven months
  • Aluminum, lead, nickel, tin and zinc also advanced.
  • Natural gas was little changed

Gold rose the most since June following purchases by central banks and signs of increasing investor demand on the heels of last week’s biggest plunge in three decades. Copper rose the most in seven months amid speculation that the economy in the U.S., the world’s second-biggest consumer of the metal, is improving. Crude oil capped the longest rally in nine months as fewer Americans filed first-time claims for unemployment insurance payments last week and the market breached key technical resistance.

TECHNICAL VIEW
GOLD (APR) 

Trend          • Consolidate



Strategy      • Sell on high

Resistance  • R2 - 28980 ;  R1 - 27550
support       • S1 – 27750 ; 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 - 104.5        
support       • S1 - 101.3  ; S2 - 99.5


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1 comment:

  1. MCX Gold futures had been trading 0.45 per cent, or Rs 132, up at Rs 29,705 per 10 gram around 10.50 am (IST), whereas MCX Silver was up 0.76 per cent, or Rs 299, at Rs 39,895 per 1 kg at around the comparable time.
    According to Angel Commodities, renewed tensions between US and North Korea, negative jobs information from america are components aiding gold costs in Monday’s session.

    ReplyDelete