MCX Gold traded in negative mode in yesterday’s trading session, Resistance for
Gold is towards Rs. 26450 and Rs. 26500. Support in Gold towards Rs. 26150 is
active. Gold price tested a high of Rs. 26450 per 10 grams on 22 September 2015
and a low of Rs. 26181 per 10 grams. Open Interest for October contract was at
6513. Today’s trading session follow the strategy sell on high.
Energy:-
MCX Crude Oil gained marginally in the session ending Tuesday. On MCX
September contract ended at Rs. 3031 per barrel. Open interest gained during
session ending Tuesday. Crude Oil tested a high of Rs. 3091and a low of Rs. 3003
per barrel. Open interest of Crude Oil was at 13031. Traders should follow the
strategy of sell on high.
Base Metals:-
MCX Copper traded red in yesterday’s trading session. Copper ended the day at
Rs 339.55. The high for Copper on Monday was at Rs. 354.65 per kg, and a low of
Rs 349.90 per kg was tested. Open interest was at 19739. For today’s trading
session traders should follow the strategy of sell on high.
