GOLD HITS 1-1/2 WEEK HIGH AFTER PORTUGAL RATING CUT.
COPPER EASES AS EUROPE DEBT WORRIES WEIGH.
COPPER EASES AS EUROPE DEBT WORRIES WEIGH.
CRUDE OIL PRESSURED BY EUROPE DEBT WORRIES.
DOMESTIC OIL SEED AND EDIBLE OIL END LOWER.
Base metals prices gave up all its gains in the second quarter of the calendar year after testing multi-month high levels seen in the previous quarter. Crude oil prices were an important factor leading high inflationary pressures in the emerging nations.
MCX GOLD (AUG)
TREND: Consolidate
RESISTANCE 2: 22750
RESISTANCE 1: 22480
SUPPORT 1: 21950
SUPPORT 2: 21730
STRATEGY: Buy on dips
MCX ZINC (JUL)
TREND: Consolidate
RESISTANCE 2: 110.60
RESISTANCE 1: 108.20
SUPPORT 1: 103.15
SUPPORT 2: 101.30
STRATEGY: Buy on dips
MCX CRUDE OIL (JUL)
TREND: Consolidate
RESISTANCE 2: 4450
RESISTANCE 1: 4370
SUPPORT 1: 4240
SUPPORT 2: 4170
STRATEGY: Buy on dips
