MCX GOLD TREND :-
Gold is expected to trade on a weaker note today as concerns with
respect to Greece ease, thus having an impact on safe-haven demand
which had re-emerged last week. Silver on the other hand is expected
to witness upside, on the back of upbeat global market sentiments.
Gold Support and Resistance :- S3- 1565, S2- 1575, S1- 1585, R1- 1600, S2- 1610, S3- 1620
MCX
CRUDE OIL TREND :-
Crude oil prices are expected to trade on a positive note, taking cues
from positive global market sentiments. With global leaders
confirming the presence of Greece in the Euro Zone, market
sentiments are expected to be upbeat.
Crude Oil Support and Resistance :- Support :- 4980/4950 Resistance :- 5030/5060
MCX COPPER TREND :-
Copper the leader of the base metals declined by 4.3 percent on the
LME in last week on the back of re-emergence of European debt
crisis, rise in risk aversion in global markets along with stronger
dollar index. However further downside in prices was restricted on
account of decline in LME and Shanghai Inventories by 0.1 %
and 7.3 % respectively.
MCX Copper Support and Resistance :- Support :- 418/416, Resistance :- 422/425
