GOLD TOPS $1,700 FOR FIRST TIME ON U.S. RATING.
CRUDE TUMBLES TO ALMOST EIGHT-MONTH LOW AFTER S&P DOWNGRADES U.S. RATING.
COPPER FALLS, CAPS BIGGEST WEEKLY DROP SINCE JUNE 2010 ON GROWTH CONCERNS.
INDIAN SPICES COMPLEX TRADE LOW.
MCX GOLD (OCT)
TREND: Bullish
R2: 25950
R1: 25700
S1: 24990
S2: 24650
STRATEGY: Buy on dips
MCX COPPER (AUG)
TREND: Bearish
R2: 409
R1: 403
S1: 389
S2: 384
STRATEGY: Sell on Higher levels
MCX CRUDE OIL (AUG)
TREND: Bearish
R2: 3890
R1: 3820
S1: 3730
S2: 3680
STRATEGY: Sell on Higher levels
CRUDE TUMBLES TO ALMOST EIGHT-MONTH LOW AFTER S&P DOWNGRADES U.S. RATING.
COPPER FALLS, CAPS BIGGEST WEEKLY DROP SINCE JUNE 2010 ON GROWTH CONCERNS.
INDIAN SPICES COMPLEX TRADE LOW.
MCX GOLD (OCT)
TREND: Bullish
R2: 25950
R1: 25700
S1: 24990
S2: 24650
STRATEGY: Buy on dips
MCX COPPER (AUG)
TREND: Bearish
R2: 409
R1: 403
S1: 389
S2: 384
STRATEGY: Sell on Higher levels
MCX CRUDE OIL (AUG)
TREND: Bearish
R2: 3890
R1: 3820
S1: 3730
S2: 3680
STRATEGY: Sell on Higher levels