Market Update

Market Watch

Friday, 2 August 2013

Mcx Bullion Market Trends Today



GOLD:
Trend updated for-Aug/02/2013.CMP-28220 The Gold is in perfect uptrend .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Gold is 27711-27296-26907-26847-26844-26771-. Immediate resistance for Gold is 29126

SILVER:
Trend updated for-Aug/02/2013.CMP-41407 Overall trend of the Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Silver if it close above42614 or buy with strict stop at 39771. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 40953-40787-.Resistance for the Silver is 41608-41729-42532-43458-

CRUDE OIL:
Trend updated for-Aug/02/2013.CMP-6557 The Crudeoil is in perfect uptrend .Currently Crudeoil is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Crudeoil is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for the Crudeoil is 6301-6295-6278-5943-5698-5518-. Immediate resistance for Crude oil is 6592

COPPER:
Trend updated for-Aug/02/2013.CMP-426 The Copper is in perfect uptrend .Currently Copper is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Copper is in HOLD SHORT position and closed above 3 week high with volume signals up breakout.Positionally Support for the Copper is 415-414-412-410-404-. Immediate resistance for Copper is 429
 ALUMINUM:

Trend updated for-Aug/02/2013.CMP-108 The Aluminium is in perfect uptrend .Currently Aluminium is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing BUY signal For short term Aluminium is in HOLD LONG position.Positionally Support for the Aluminium is 107-106-105-104-. Immediate resistance for Aluminium is 110

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