Saturday, April 7, 2012

MCX COMMODITY GOLD UPDATES

MCX GOLD INTRADAY TIPS TREND
MCX commodity updates today includes Gold updates and NCDEX commodity updates will cover mentha oil latest news and updates. MCX Gold is in long- short-medium- short- term bull phase .Currently Gold is moving sideways. The oscillator is showing SELL signal .In last 1 month volatility is very less Buy the Gold above 28539 or buy with strict stop at 27356. The oscillator is showing SELL signal For short term Gold is in HOLD SHORT position.

Gold Support and Resistance :- Support for the Gold is 27934-27868-27857-27821. Resistance for the Gold is 28202-28223.

NCDEX Commodity Updates (Mentha Oil Trend)
Mentha oil futures extended uptrend this week on active buying by the traders on the back of firm spot demand from the pharmaceutical industries and on weak arrivals from the fresh crop. Improved buying by the market participants anticipating lower stocks till fresh arrivals is likely to support Mentha prices in the coming week. Sharp upside in the prices may however be capped on account of better mentha sowing prospects.

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