By Paul Ploumis 17 Aug 2015 Last updated at 07:52:40 GMT
Commodity Trading Strategies for the day
Daily Commodity Technical
Gold –Daily Chart
Gold: Gold prices are trading with a gain of 0.66% currently. Sustenance above 25850 will see prices move higher towards 26050126140 levels. A break below 25850 will see prices correct towards 25750 levels. Selling can be seen at higher levels if prices rally towards 26100 areas. Major support for the counter is seen around 25600-25550 zones.
Silver –Daily Chart
Silver: Silver prices witnessed a sharp fall from its highs at 36290 levels during the previous session. The intraday outlook for the counter will remain negative until prices stay below 35850 levels The correction will extend further only if prices break below 35300 levels decisively. The counter can extend the fall towards 34800 levels in that case.
Courtesy : Emkay Commotrade
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