Mcx Commodity Intraday Tips

Gold edged higher on Wednesday after a near 1 percent fall in the previous session, as two Federal Reserve officials said the U.S. central bank was likely to continue supporting the economy through asset purchases for some time.

• Crude oil rallied above $100 a barrel
• Gold declined for the first time in three sessions
• Silver futures for September delivery fell 1.4 percent
• Zinc rally almost 1% on Tuesday

Crude oil rallied above $100 a barrel for the first time since September and gasoline futures rose on concern political turmoil in Egypt will threaten supplies from the region. Gold declined for the first time in three sessions as improving U.S. economic data strengthened the case for the Federal Reserve to slow the pace of stimulus and as a rising dollar cut the appeal of alternative investments.

GOLD (AUG) 

Trend       • Consolidate
Strategy      • Sell on high

Resistance  • R2 - 26580 ;  R1 - 26250
support       • S1 – 25750 ; S2 – 25280

SILVER (JUL)

Trend          • Consolidate

Strategy      • Sell on highTrend       
Resistance  • R2 - 42550; R1 - 41270             
support       • S1 - 39850; S2 – 38500

CH STOCK CASH PLUS CALLS 03-07-2013

SELL UNITED BREWERIES (LCP 867.9) BELOW 863 TG-856-846

SELL MRF (LCP-12804.7) BELOW 12760 TG-12710-12640

SELL WHEELS (LCP-803.65) BELOW 800 TG-794-784

SELL ORRISA MINERAL (LCP-2369.5) BELOW 2350 TG-2320-2280

For 2 Days Free Trial in Mcx Tips , Stock Future Tips, Commodity Tips, Stock Tips, Equity Tips Fill Our Trial form