Daily Trading Bites Commodities Report - Sep 10, 2015 : Way2Wealth

By  Paul Ploumis 10 Sep 2015  Last updated at 01:45:05 GMT

MCX Oct Gold; Finally some selling pressure has triggered in the counter by violating its trend-line support at 26410 levels. This signifies that the fall from 27017 is still in progress and is likely to extend the decline towards 25945 & 25820 levels.

Daily trading Bites | Commodities |

MCX Oct Gold:

 MCX Oct Gold; Finally some selling pressure has triggered in the counter by violating its trend-line support at 26410 levels. This signifies that the fall from 27017 is still in progress and is likely to extend the decline towards 25945 & 25820 levels. However, any rise can be utilized to create shorts at 26150 levels.

MCX Sep Zinc:

MCX Sep Zinc was traded higher in the first half, but failed hold the gains and reversed the uptrend by forming a “hanging man” candlestick pattern on daily charts. This renders for a temporary profit booking in the counter towards 119.80 & 118.65 levels. Hence, upside resistance pegged at 121.75 levels.

Courtesy :Way2Wealth