Wednesday, 7 August 2013

Today gold silver support resistance level, crude oil trading tips, natural gas update

Wednesday morning Indian rupee decline to 61.18 against the US dollar as compared to its tuesday close of 60.77 per dollar. It had a new record low of 61.80 in previous session. At multi commodity exchange the yellow precious metal open in a positive side but due to less demand it reduces by 0.25% for future trend meanwhile the white metal open in a down side and is still trading in a same side. Due to slowdown of economic the Platinum demand affected in India. 


GOLD : R1 : 27835.2, R2 : 28018.8 
             S1 : 27392.8, S2 : 27209.2 

SILVER : R1: 41910.2, R2 : 42223.2 
               S1 : 41155.8, S2 : 40842.8 

On the other hand the energies are showing both the trends, crude oil tried to present itself in a buying condition while the mentha oil price slumps today, except them the other one natural gas open at 204.50 down 1.10 points it touches a high of 204.50 and a low of 203.80 at 10:30 am. 

SELL SILVER BELOW 41414 TARGET 41384 | 41364 | 41354 STOPLOSS 41466 
BUY COTTON ABOVE 20380 TARGET 20395 | 20410 | 20415 STOPLOSS 20320


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