Mcx Daily Report

13/07/2015

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COMMODITY

OPEN

HIGH

LOW

SILVER

35469

35885

35342

35615

GOLD

26088

26158

26017

26058

CRUDEOIL

3383

3418

3302

3331

NETURALGAS

174.30 178.40

173.70

177.40

ZINC

128.10 128.50

126.50

127.55

LEAD

114.75

115.60

113.25 113.70

ALLUMINIUM

106.35

106.70

105.40 106.15

COPPER

360.00

360.90

356.50 358.70

NICKEL

735.00

739.20

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711.30

CLOSE

713.10

 Gold weakens on sluggish demand; silver strengthens. Gold eased by Rs 6.00 to Rs 26,058 per ten grams at the bullion market on Friday owing to slackened demand from jewellers even as the metal strengthened overseas.

Silver, however, inched up by Rs 287 to Rs 35,615 per kg.

Bullion traders attributed the fall in gold prices to easing demand from jewellers and retailers at current levels. But, a firming trend in the precious metal overseas, capped the losses.  Lead down by 0.04% on global trend. Lead futures declined 1.22% to Rs 113.70 per kg on Friday as participants reduced positions even as metal strengthened at the London Metal Exchange (LME).

At the Multi Commodity Exchange, lead for delivery in July traded lower by 1.40 paise, or 1.22%, to Rs 113.70 per kg, with a business turnover of 287 lots.

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GOLD TECHNICAL UPDATE MCX GOLD AUG2015

Researcher View The above Daily chart of Gold suggest that prices have reversed after taking support level. RSI is in a Buy mode. We expect prices to correct up to levels of 26240.

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CRUDEOIL TECHNICAL UPDATE MCX CRUDEOIL JULY2015

Researcher View The above Daily chart of Crude oil suggest that prices have reversed after taking support level. RSI is in a Buy mode. We expect prices to correct up to levels of 3250.

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