GOLD – AUGUST -
Moody's reduced the rankings of some of global greatest bank by one to three steps, showing the risk of failures to those financial institutions from investment market. Increasing concerns over debt disaster in the Money area and US Government Reserve's plan choices, encouraged traders to stay away from gold and desired protection in US dollar. MCX Gold Aug in the other day made a high of 30423 and low of 29762 with the ending of 29971. For the next 7 days, gold has level of resistance of 30345 and assistance of 29682 AND major support 29451.
SILVER – JULY -
The Silver July MCX at the other day stayed in the variety limited of 55192 to 52567. Silver in the the other day started out at 54271 with a high of 55192 and made a low of 52567 and shut at 52931. For this 7 days silver has a powerful level of resistance of 54561. In the disadvantage silver has the assistance level of 51932-51210.
COPPER – JUNE -
MCX Copper's failures faster after data revealed that China's HSBC Flash Purchasing Professionals Index, the first signal of the nation's industrial activity, dropped to a seven-month low of 48.2 in May from a final reading of 48.3 in May, as trade purchases stayed strongly in shrinkage. Birdwatcher Jun in the other day after in contact with the high of 424.42 made a low of 412.21 and closed at 417.32. For this 7 days Birdwatcher has a strong resistance of 423.72. In the disadvantage Copper have the support level of 411.54.
NICKEL – JUNE -
Nickel in the the other day after in contact with the great of 964 did not maintain at that level and came in the down trend. Dime Jun MCX in the other day made a higher of 963 and low of 923.20 and closed at 943.30. Dime this 7 days has a strong resistance of 964.40 and support of 922.82.
CRUDE – JULY -
MCX Crude: Crude Oil futures trading rallied after returned from an 8 month low, as Moody's bank downgrades were not as serious as market predicted. The Crude Oil July MCX in the other day started out at 4697 with a high of 4783 and low of 4474 shut at 4598. For this 7 days oil has a powerful level of resistance of 4762. In the disadvantage crude has a assistance level of 4454.
Moody's reduced the rankings of some of global greatest bank by one to three steps, showing the risk of failures to those financial institutions from investment market. Increasing concerns over debt disaster in the Money area and US Government Reserve's plan choices, encouraged traders to stay away from gold and desired protection in US dollar. MCX Gold Aug in the other day made a high of 30423 and low of 29762 with the ending of 29971. For the next 7 days, gold has level of resistance of 30345 and assistance of 29682 AND major support 29451.
SILVER – JULY -
The Silver July MCX at the other day stayed in the variety limited of 55192 to 52567. Silver in the the other day started out at 54271 with a high of 55192 and made a low of 52567 and shut at 52931. For this 7 days silver has a powerful level of resistance of 54561. In the disadvantage silver has the assistance level of 51932-51210.
COPPER – JUNE -
MCX Copper's failures faster after data revealed that China's HSBC Flash Purchasing Professionals Index, the first signal of the nation's industrial activity, dropped to a seven-month low of 48.2 in May from a final reading of 48.3 in May, as trade purchases stayed strongly in shrinkage. Birdwatcher Jun in the other day after in contact with the high of 424.42 made a low of 412.21 and closed at 417.32. For this 7 days Birdwatcher has a strong resistance of 423.72. In the disadvantage Copper have the support level of 411.54.
NICKEL – JUNE -
Nickel in the the other day after in contact with the great of 964 did not maintain at that level and came in the down trend. Dime Jun MCX in the other day made a higher of 963 and low of 923.20 and closed at 943.30. Dime this 7 days has a strong resistance of 964.40 and support of 922.82.
CRUDE – JULY -
MCX Crude: Crude Oil futures trading rallied after returned from an 8 month low, as Moody's bank downgrades were not as serious as market predicted. The Crude Oil July MCX in the other day started out at 4697 with a high of 4783 and low of 4474 shut at 4598. For this 7 days oil has a powerful level of resistance of 4762. In the disadvantage crude has a assistance level of 4454.
