Daily Trading Bites Commodities Report - Sep 04, 2015 : Way2Wealth

By  Paul Ploumis 04 Sep 2015  Last updated at  02:19:26 GMT

As anticipated, MCX Oct Gold prices extended the fall and broken its primary trend-line support at 26580 levels. This signifies that the near-term bearish trend remains intact and further fall can be seen towards 26243 & 26075levels.

Daily trading Bites | Commodities |

MCX Oct Gold

As anticipated, MCX Oct Gold prices extended the fall and broken its primary trend-line support at 26580 levels. This signifies that the near-term bearish trend remains intact and further fall can be seen towards 26243 & 26075levels. Hence, any rise can be utilized to create shorts at 26477 levels.

 MCX Sep Lead

MCX Sep Lead futures traded higher in the first half and made a high of 115.25 levels. But failed to extend the gains and fell back into negative zone by forming a “hanging man” on daily charts. Overall view remains weak and is likely to extend the fall towards 112 & 110.70 levels.

 MCX Sep Lead futures traded higher in the first half and made a high of 115.25 levels. But failed to extend the gains and fell back into negative zone by forming a “hanging man” on daily charts. Overall view remains weak and is likely to extend the fall towards 112 & 110.70 levels.

 Courtesy :Way2Wealth

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