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.
SUPPORT AND RESISTANCE
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
SUPPORT AND RESISTANCE
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
