April 15, 2016
I have the same views as the above comment on Commodity market. It will gain high points through out the week.
June 19, 2013
MCX Gold for August delivery may trade bearish this week. Short covering is expected at lower levels. Support: 26450, 25900; Resistance: 27350, 27490
By John Godson
MCX gold, silver, crude oil and copper traded on a bearish note last week. The commodities witnessed a steep fall after US Federal Reserve Chairman Ben Bernanke hinted that the bank may end its monetary stimulus partially this year. Depreciation of Indian Rupee against dollar capped further fall in dollar denominated commodities.
MCX gold for August delivery may trade bearish this week. Short covering is expected at lower levels. Support: 26450, 25900; Resistance: 27350, 27490
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