2017 +
Daily MCX Newsletter 9th FEB 2017
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Money Maker Research Pvt. Ltd. MARKET WRAP
PRECIOUS METALS: Precious metal prices are range bound for the day, easing on a stronger dollar amid political and economic uncertainty in the United States and Europe.
ENERGY: Crude oil prices are high on yesterday due to profit booking at lower levels. Besides, rising crude inventories remains a cause of concern in the US. A surprise fall in gasoline inventories however supported prices.
BASE METALS: Base metals prices rose on Wednesday after the world's top two mines said strikes and permit delays would force them to cut output, squeezing global supply. We expect base metals prices to trade higher today in line with international trends.
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Money Maker Research Pvt. Ltd. PIVOTS LEVEL: GOLD(APR) RESISTANCE2: 29700 RESISTANCE1:29550 SUPPORT1:29050 SUPPORT2:28900 SILVER (MARCH) RESISTANCE2:43200 RESISTANCE1:42800 SUPPORT1:41900 SUPPORT2:41600 CRUDE OIL (FEB) RESISTANCE2:3620 RESISTANCE1:3570 SUPPORT1:3450 SUPPORT2:3400 COPPER (FEB) RESISTANCE2:403 RESISTANCE1:399 SUPPORT1:390 SUPPORT2:386
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Money Maker Research Pvt. Ltd. CHART OF THE DAY GOLD
CALL BUY : GOLD APR ABOVE 29400 TARGETS 29550/29700 STOP LOSS 29240
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DN: cn=SHASHANK MISHRA, o=MONEY MAKER RESEARCH PVT LTD, ou, email=info@moneym akerfinancial.com, c=IN Date: 2017.02.09 11:32:16 +05'30'