GOLD : Gold August MCX future prices have been trading in a consolidation range of 22410-22810 for the past few days. For today we favor a mild positive outlook as long as minor support 22510 holds. A convincing break above 22810 would confirm further fresh rallies for short term towards 22890 then 22960 levels. Overall, we expect prices to trade on positive note and recommend buying on dips.
NATURAL GAS : Natural gas MCX June future prices traded lower on Friday's trading session. Market is still holding its upside view as long as 208 level remains intact. Trading above the daily short term EMA's suggest positive outlook. We expect prices to see a dip initially and later to resume its gains for rest of the day. Recommend buying near 210 levels for a possible target of 215/218
NATURAL GAS : Natural gas MCX June future prices traded lower on Friday's trading session. Market is still holding its upside view as long as 208 level remains intact. Trading above the daily short term EMA's suggest positive outlook. We expect prices to see a dip initially and later to resume its gains for rest of the day. Recommend buying near 210 levels for a possible target of 215/218
No comments:
Post a Comment