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23 June MCX Crude Tips;MCX Intraday Tips;
#9
(06-26-2015, 03:36 PM)Kin Sanghvi Wrote: MCX Gold August contract can trade negative for short term with support at 26200 and resistance of 27000. For intraday, sideways trend can be expected with support at 26450 and resistance at 2670
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#10
MCX Crude Oil has breached strong short term support near Rs.3790 indicating weakness.Crude oil prices have ranged at around $55-65/bbl lately after being range-bound at US$ 100-115 over the past 2-3 years. Kinjal sanghvi at Commodity MCX NCDEX Calls told Immediate supports are now placed at Rs.3715 - 3665 - 3645 - 3605 whereas resistances are placed at Rs.3790 - 3825 - 3875.
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#11
MCX Gold futures are trading at Rs 30350 per 10 grams, down 1.12% on the day. There was not much activity at the steel market in thena- tional capital today as prices moved in a narrow range in limited deals and settled around previous levels. Absence of worthwhile activity from construction units amid tight fund positions, mainly kept steel prices unaltered.
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#12
Crude oil trading range for the day is 3200-3336. Crude oil eases as the market's focus returned to oversupply as production from Nigeria and Canada revived, and OPEC output reached a record high in June.
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