Gold prices returned from red territory on Thursday after US Central Bank stated that it would continue with its monetary stimulus program till the economy returns to its solid
growth path. Weak US Dollar was also seen supporting the yellow metal prices to certain extent in the global market. Gold futures for December delivery on Globex platform of Comex was seen trading up by 4.6% at $1368.2 per troy ounce as of 14.26 IST on Thursday.
Commodity Trends
GOLD (5 OCT.) TREND: CONSOLIDATE
RES 1: 30670,RES 2: 31000
SUPP 1: 30140,SUPP 2: 29700
STRATEGY: BUY ON DIPS
SILVER (5 DEC.) TREND: CONSOLIDATE
RES 1: 51950,RES 2: 52500
SUPP 1: 51050,SUPP 2: 50700
STRATEGY: BUY ON DIPS
CRUDEOIL (21 OCT.) TREND: CONSOLIDATE
RES 1: 6740,RES 2: 6800
SUPP 1: 6560,SUPP 2: 6500
STRATEGY: SELL ON HIGHS
COPPER (29 NOV.) TREND: CONSOLIDATE
RES 1: 467.00,RES 2: 472.00
SUPP 1: 459.00,SUPP 2: 455.00
STRATEGY: BUY ON DIPS
LEAD (30 SEP.) TREND: CONSOLIDATE
RES 1: 132.00,RES 2: 133.60
SUPP 1: 130.00,SUPP 2: 128.70
STRATEGY: BUY ON DIPS
ZINC (30 SEP.) TREND: CONSOLIDATE
RES 1: 117.40,RES 2: 118.00
SUPP 1: 116.00,SUPP 2: 115.10
STRATEGY: BUY ON DIPS
ALUMINIUM (30 SEP.) TREND: CONSOLIDATE
RES 1: 111.90,RES 2: 112.70
SUPP 1: 110.60.SUPP 2: 109.15
STRATEGY: BUY ON DIPS
NICKEL (30 SEP.) TREND: CONSOLIDATE
RES 1: 900.00,RES 2: 920.00
SUPP 1: 872.00,SUPP 2: 860.00
STRATEGY: BUY ON DIPS
NATURAL GAS (25 SEP.) TREND: CONSOLIDATE
RES 1: 234.70,RES 2: 240.00
SUPP 1: 229.60,SUPP: 227.00
STRATEGY: BUY ON DIPS
Mcx-Tips-Providers 