The commodity report for Gold is that Gold prices at MCX traded flat while base metals remained mostly steady ahead of release of US non farm payrolls. The MCX Crude oil was hovering near the recent highs, heading towards to register gains for second consecutive week. The bullion metals report for Gold and silver is of firm market noted at Thursday trading session, as most investors held onto current positions ahead of the next day's much-anticipated U.S. June jobs report. Crude oil ended 2 percent higher on Thursday as data on better-than-expected private sector hiring, jobless claims and retail sales reports fueled hopes that economic growth was on the rebound.
GOLD MCX (AUG)
The Trend for Gold mcx is consolidate in terms of intraday trade and the near term is showing an upward trend in the market.
R3 22620/790
R2 22390/22450
R1 22210/260/300
Pivot 22150
S1 22070/020
S2 21900/770/530
S3 21200/21000
CRUDE OIL MCX (JULY)
The Crude oil is showing a down trend in its near term but the term for intraday is upward in trend.
R3 4720/5000
R2 4450/4570
R1 4390-4410
Pivot 4368
S1 4320/4264
S2 4200/100/4060
S3 3970/20/3860
