Friday 8 May 2015

MCX Bullion, Metals, Energy Lieve Updates by Moneymaker Advisory Indore

Bullion: Gold jun contract short term trend is bullish, made day high at 27040 and closed at Rs. 26934. Gold traded in a range from last couple of days for today we are expecting short selling from upper levels. Follow the strategy sell on high. Keep eye on today’s upcoming major data.

MCX Crude Energy : MCX Crude oil may contract is now in bullish trend yesterday crude oil inventory is negative from as forecast, but crude oil prices felt down from its resistance level 3990. For today’s trading session we are expecting buy on dips. Crude oil closed at Rs.3882 and made day high at 3989. Expectation price may go upside.

Base Metals: MCX Copper June contract is in a higher highs pattern. The prices gained for the fourth straight day. The prices have been trending upwards in last one month and more gains are expected if the COPPER sustain above Rs 418. Then our expectation it will move past Rs 422. The prices tested a high of Rs 420.50 per kg and a low of Rs 413 per kg. Copper ended the day at Rs 416.45 per kg.for today; follow the strategy buy on dips.

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Share it