Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Commodities

| More

MCX Gold June Future is in consolidation

Posted On: 2014-04-14 10:30:31

Fundamental & Technical Outlook on Commodities - Precious metal

Mr. Vivek Gupta - Director Research - CapitalVia Global Research Limited

Gold prices moved in range over the day as meeting minutes by Fed showed that most Fed officials not keen on raising the interest rates soon. Poor performance by equities in international market also pushed the Gold prices higher by increasing the safe haven appeal for Gold. SPDR Gold Trust, the world's largest Gold-backed exchange-traded fund, said its holdings fell 0.26 tonnes to 806.22 tonnes. Increasing tensions in Russia over warning by Russian president also pushed the Gold prices higher. Gold prices are expected to move in a range to down for the week over poor physical demand internationally and in Asian markets along with rising uncertainty in the market.

Over all, MCX Gold June future is in consolidation and sustaining in a range. For the coming week 28500/28100 will act as a major support whereas 29200/29500 will act as a major resistance level in MCX Gold June future. For the next week in MCX Gold, trader can use buy on lower level strategy, if MCX Gold June future sustains above the levels of 28820 then it could test the levels 28950/29200.

Technically, MCX Silver May futures is in consolidation and sustaining around lower levels. For the coming week 46000/47200 will act as major resistance levels where as 42500/41000 will act as major support in MCX Silver May futures. For the next week in MCX Silver futures, traders can use buy on lower level strategy, if MCX Silver May futures sustains above 43900 then it could test the levels of 44900/ 46000.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Base metals bear the brunt of macro economic woes: Angel Broking
NCDEX coriander sinks to 15 months low on higher supplies: Angel Broking
Oil in a Catch 22 situation - will prices recovers? - Angel Broking
Gold movement ahead of Akshaya Tritiya - Aurobinda Prasad Gayan, VP Research at Kotak Commodities
Sugar prices to remain under check on stock limits, imports and higher production forecast for next year: Angel Broking
Uncertainty will continue to drive precious metals higher: Angel Broking
Castor seed prices rise on lower production forecast and short covering: Angel Broking
Edible oil prices under pressure in 2017: Angel Broking
Cotton looks bearish on higher stocks, good acreage forecast; weather will be the key: Angel Broking
Geo-political risks lift oil prices: Angel Broking
Geo-political risk and uncertainty in US policy and increase in speculative activity cheers gold prices: Angel Broking
Jeera bullish on lower production, higher exports: Angel Broking
High supplies drag oilseed prices lower: Angel Broking
Sugar sector balance sheets set to turn sweeter - CRISIL
Sugar prices heading for highest weekly gains in 3 months: Angel Broking
Jeera price surge to two month high on higher export prospects: Angel Broking
Supply concerns ease; Copper sneeze: Angel Broking
Castor seed surges on weaker output, higher exports prospects: Angel Broking
Cotton prices to stay firm despite recent correction: Angel Broking
Oil prices at three month lows - Will it recover? Angel Broking
Gold prices heading for a correction now - Angel Broking
Gold prices heading for a correction now: Angel Broking
RMseed prices rise mostly on short covering and rolling over: Angel Broking
Edible oil continue to fall on Commodity Exchanges: Angel Broking
NCDEX Guarseed and Refsoyoil may trade higher: Angel Broking
Views on Cotton - Geofin Comtrade
Gold not likely to glitter in 2016 - Amit Rathi
View on Sugar - Ms. Pallavi Munankar - Research Analyst, Geofin Comtrade Ltd.
Views on Gold schemes - Geofin Comtrade Ltd.
'Gold exposed to further pressures' - ForexTime.com
Views of Geofin Comtrade Ltd on SEBI-FMC merger
Cabinet's approval on Gold monetization and Sovereign Gold Bond Scheme - Geofin Comtrade Ltd
View On Gold: AnandRathi Commodities Ltd
Bullions, Base Metal & Energy - Geofin Comtrade Ltd.
Global crude oil price of Indian Basket was US$ 59.19 per bbl on 26.02.2015
Raw Sugar Export Incentive - A Helping Hand for the Sugar Industry
Trend of MCX Copper November future is in consolidation
MCX Crude October future could test the levels 5420/5250 if sustains below 5550 levels
MCX Gold October future continues bearish trend
Trend of MCX Copper November future is in consolidation and also sustaining in range
5600/5350 will act as major supports levels for MCX Crude oil September futures
MCX Gold October future is in bearish trend
Gold to trade on negative note on weak rupee
MCX Copper August future to face resistance at 428/440
5600/5350 to act as major support levels for MCX Crude oil September Futures
Gold Futures pulled away from 2-month lows
Trend of MCX Copper August future is in consolidation
U.S. crude oil futures fell further below $103 early on Friday
MCX Gold August future is in consolidation
MCX Copper August future is in consolidation and also sustaining in range


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2017