Commodity Technical Report:
As the international updates suggest that bullions are trading on their lower trend. Gold fell yesterday almost $15/t oz and made a low of $1640, just after the US saw some positive eco data. Our Technical report suggest that gold fell on COMEX Due to greener sentiments over US economy and uncertainty ahead of the Bank of Japan’s policy meeting. On Domestice market MCX Gold is also trading under pressure today. It seems that MCX gold will get will trading on a flat to bearish mode today. However if Gold may touch the 30450 level in eveing session that it might turn into a bull trend today. Get Free Commodity Tips on your Mobile. Just Fill The Trial Form. Same thing happen with the COMEX Silver. Silver also closed lower at $30.75 but still above the support level of $30.70. MCX silver trend is looking consolidate today as our technical report suggest today. Here are some commodity data news for today.
- Gold holds above $1,640 on short-term positioning
- Russia’s norilsk seeks slice of huge copper deposit
- Turkey buys a third less iranian crude oil in december
- Refined soy oil quoted down in major spot markets during early trade thursday following yesterday’s weakness in futures market.
MCX Tips Today:
MCX Gold Tips: Sell around 30420 with Stop Loss of 30570, for the target of 30320 & 30250.
MCX Silver Tips: Sell Silver below 56580 for the target of 56300 & 56000 with Stop Loss at 57100