MCX Gold edged lower today morning after a weekend emergency summit to tackle Greece's debt crisis yielded no deal and with the US Federal Reserve still on track to raise interest rates this year. As discussed in our earlier report, MCX Aug Gold’s near-term bearish outlook remains unchanged.
Currently prices are halted near rising trend-line support at 25850 levels which will act as an immediate target for next week.
Where as in the Commodity Market very high volatility is seen.Pulses, Spices and Oil complex started recovery as demand starts rising from these lower levels.
Commodity Best Tips Today and Updates:
MCX Gold August Contract, Trends – Bearish, S1- 25997 , R1- 26138.
MCX Silver September Contract, Trends – Flat, S1-35343, R1-35886.
NCDEX Soyabean August Contract, Trends- Sideways, S1-3480, R1-3530.
NCDEX Turmeric August Contract, Trends- Sideways, S1-7430, R1-7600.
Equity Cash Tips
Currently prices are halted near rising trend-line support at 25850 levels which will act as an immediate target for next week.
Where as in the Commodity Market very high volatility is seen.Pulses, Spices and Oil complex started recovery as demand starts rising from these lower levels.
Commodity Best Tips Today and Updates:
MCX Gold August Contract, Trends – Bearish, S1- 25997 , R1- 26138.
MCX Silver September Contract, Trends – Flat, S1-35343, R1-35886.
NCDEX Soyabean August Contract, Trends- Sideways, S1-3480, R1-3530.
NCDEX Turmeric August Contract, Trends- Sideways, S1-7430, R1-7600.
Equity Cash Tips
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