Tuesday, July 10, 2012

COMMOTRENDZ GOLD VIEW 4 THE DAY :::

GOLD COMEX NEED TO CUT 1590 LVL  CAN SEE SOME UPSIDE STRONG RES SEEN AT 1602 LVL. ANY BREAK N CLOSE ABV THIS LVL WILL SEE SOME POSITIVE OUTLOOK. RUPEE IS VOLATILE AND NEAR STRONG RES IN MCX AT 56.38 ON CLOSING BASIS. ONCE WE SEE CLOSE ABV THIS LVL MORE UPSIDE CAN BE SEEN. WILL SUPPORT IN NEAR TERM.

GOLD COMEX INTRA TRADING RANGE 1573-1592 BIAS WEAK AT HIGHER LVL.
GOLD MCX INTRA TRDING RANGE 29388-29828 EITHER SIDE BREAK MORE DIRECTION.
GOLD SPDR HOLDINGS STANDS AT 1275.46 DOWN BY 3.62 MT .
GOLD LBMA FIXES AT 1585 DOWN  BY USD 2
RUPEE TRADING RANGE 55.64-56.44 EITHER SIDE BREAK MORE TREND ON CLOSING BASIS. RUPEE AGAIN FALLEN SHARPLY. TODAY CLOSE WILL BE IMPORTANT FOR THE WEEK TO SEE FURTHER OUTLOOK IN COMING DAYS.

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