Thursday, 11 September 2014

Commodity Market Outlook for Today

Gold prices have strong support at $1240 i.e. Rs.27000 and if prices hold this level then bounce can be seen. On higher side prices needs to clear $1258 i.e. Rs.27500 to move further higher else prices can again come down. Prices should not close below $1240 i.e. Rs.27000 to maintain corrective view.

Silver December prices have stiff resistance at Rs.42500 and only a breakout above this level can take prices higher towards Rs.42900-43000 else prices can trade sideways to lower. On lower side prices have support at Rs.41600 and further selling can be seen below this level.
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