Market Update

Market Watch

Friday, 3 January 2014

Watch Latest Mcx Market News & Updates by Money CapitalHeight

Gold futures jumped the most in three weeks on speculation that demand for bars and jewelry will increase in Asia. Silver futures for March delivery jumped 3.9 percent to $20.128 an ounce on the Comex. West Texas Intermediate crude dropped the most in almost 14 months as an improving U.S. economy added to speculation that the Federal Reserve will further curb stimulus.

Today’s MCX Market Trend
Gold rose for a fourth session on Friday, hitting a two-week high as weaker equities spurred demand for the metal as a safe-haven asset.
Trend: Consolidate | Strategy: Buy on dips
R1- 29270, R2- 29650 | S1-28650, S2- 28180

Silver was also trading near its highest in two weeks after gaining 3.5 percent in the previous session.
Trend: Consolidate | Strategy: Sell on high
R1- 46850, R2- 47700 | S1-44850, S2- 43280

Copper declined by the most in two weeks, leading drops in industrial metals, after a gauge of China’s services industry fell, stoking concern that demand will weaken in the biggest user.
Trend: Consolidate | Strategy: Sell on High
R1- 475, R2- 483| S1-462, S2- 455

Take a Free Trial of Our Intraday Stock and MCX Tips and Positional Stock and Commodity Calls and gain sustainable profits in Stock and Commodity Market. .We renders you enough time to enter in our calls so you can maximize your profit visit our website .

No comments:

Post a Comment