MCX Live Morning Newsletter of 25 June | MCX Live Tips For 25 and 27 Jun

Bullion metals steadied today after a fall of as much as 2 percent the day before, drawing support from investor wariness of Greece's ability to remain solvent, even after Athens struck a deal with international lenders on the terms of a bailout. MCX Gold futures settled sharply lower at Thursday, tracking a broad commodities sell off to break a seven-session winning streak as prices of crude oil fell more than 4% and the U.S. dollar strengthened. Gold MCX for August delivery fell $32.90, to $1,520.50 an ounce. MCX Gold August contract is currently trading at `22396, it fell by `325 in yesterday's trade. Silver for July delivery is trading marginally $35 an ounce, it was down by $1 yesterday. MCX Silver July is trading at `52470, it is down by `234 for the day. Gold was set for its biggest daily fall in over a month on Thursday after a surprisingly large rise in weekly U.S. jobless claims hit investor risk appetite, pummeling commodities and stocks and boosting the dollar.
Copper MCX (June)
R3 422/435
R2 409/413.5/415
R1 406.82
Pivot: 405.71
S1 401/340
S2 397.5/393/389
S3 386/374/369
Trend: Upward
Near Term: Consolidate


Nickel MCX (June)
Technical Levels
R3 1076/1099
R2 1021/1063/69
R1 1005-1012
Pivot 998
S1 986/968/958
S2 947/938/929
S3 917/910/882
Trend: Upward
Near Term: Negative Bias