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Friday, March 16, 2018

COPPER UPDATES FOR MARCH 16 2018

FRIDAY 11.30 AM IST



MARKET UPDATE


Copper prices fell  on Fridays trade as the dollar strengthened



ahead of next weeks FOMC meeting .The markets are expecting 


a rate hike for the first time this year .


The market is jittery about the trade wars that could 


be started by Trump and this negative bias is weighing on


the prices .



In the Mcx currently trading at Rs 451.40


The levels are as under



Support 1  447.55


Support 2 444.70


Support 3 442.50


Resistance 1 452.20


Resistance 2 454.30


Resistance 3 455.70



We will keep updating 



FRIDAY 11.05 AM IST




MARKET UPDATE



Gold prices moved lower on Thursday following a



strengthening in the U S dollar


U S yield moved higher following a stronger than expected


import price report .


Gold in the international market opened higher initally around


$ 1324 and in the evening session tested support at $ 1314 .


This is a crucial support levels for Gold and prices could


recover from here


Supports are seen at $ 1312 / $  1302 and $ 1293


Resistances seen at $  1322 , $ 1330 and $1340



TODAYS TRADING LEVRLS IN THE MCX



In the Mcx currently trading at Rs 30240


Resistance seen at Rs 30260 / 30355 and 30470



Supports at Rs 30200/ 30190 and 30045



We will keep updating



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