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Gold Price Performance Weekly Spot gold prices declined 2.5 percent. The yellow metal touched a weekly low of $ 1,635.09 /oz and closed at $ 1,656.61 per ounce on Friday. On the MCX, Gold February contract ended 1.1 percent lower taking cues from weakness in the spot gold prices. Gold prices on...

Weekly Price Performance Spot silver prices plunged 7 percent in last week. The white metal touched a weekly low of $ 29.6/oz and closed at $ 29.94 per oz on Friday. In the Indian markets, MCX silver prices rose 4.9 percent and closed at Rs. 58,286 /kg on Friday and touched a weekly low of Rs...

Weekly Price Performance Copper prices declined 2.8 percent in the last week and closed at $7,846.5/tonne on Friday. In the domestic markets MCX copper declined 1.6 percent tracing bearishness in the international prices. MCX Copper prices touched a weekly low of Rs. 432.2 per kg and closed at...

Weekly Price Performance On a weekly basis, Nymex crude oil prices gained 2.23 percent. On the domestic bourses, prices increased 4.19 percent and closed at Rs. 4,913/bbl on Friday. Prices gained taking cues from firmness in the international prices along with depreciation in the Indian rupee...

Weekly Price Performance US Dollar Index (DX) swung between gains and losses and ended 0.2 percent higher week on week. The Indian Rupee depreciated 1.2 percent week on week. Factors that influenced movement in the DX Worries amongst market participants over the US fiscal cliff as the...

Weekly Price Performance Euro ended 0.2 percent higher week on week. The currency touched a weekly high of 1.3308 and closed at 1.3185 on Friday. Factors that influenced movement in the Euro Standard & Poor’s raised credit rating of the Greece from selective default supported an upside in the...

Inability to move past 437, expect resumption of the selling momentum towards 431 initially which if cleared would look for a target of 429 later. A direct rise above 437 could take prices higher till 439/441 region.

A choppy trading inside 948-978 with mild negative bias. Either side breakout would suggest fresh directional moves.

Inability to trade above 127.25 could see longs liquidating to 125.10 or even lower towards 124 levels. On the other hand, any pull-backs above 126 would confirm another leg of bullish wave towards 127.5/128.20 levels. Major weakness is seen only below 123.30 region in the near term.

Prices seem exhausted and giving up its bullish steam. Hence, for the day, expect a lower correction towards 111.10 followed by 110.70 levels. On the other side, it has to trade above 112.70 for the bullish momentum to continue towards 114.4 levels.

Prices have to give way for 4995 region to extend any significant bullish run to 5025-45 levels. Otherwise expect prices to cool-off towards 4925 region for the day.

Prices inflicted a great recovery yesterday as we anticipated. Prices now have to persist above 191 regions to target 193/195. However, splinter below 189 could call for liquidation to 187/185 for a turn back higher.

As long as prices stay below 437, expect to continue the selling pressure towards 434 initially followed by 431/429 levels later. Drift higher above 441 could negate our bearish expectations and take prices higher.

Weakness prevails as long as prices stay below 972 with stiff volume. Prices have to close above 982 to negate the bearish outlook and trigger rallies.

As prices hold the trend line support of 126.3, expect prices to trade higher towards 127.5 followed by 128.20 levels in the immediate run. Conversely, if prices tears the technical base of 125.90 could see profit booking towards 125 levels. Major weakness is seen only below 123 levels in the...

Prices gradually losing its bullish steam and broke major support at 112 levels. Hence, anticipate a lower correction towards 111.20 followed by 110.70 levels. On the other side, it has to trade above 112.70 for the bullish momentum to continue towards 114.4 levels.

Prices moved as we anticipated during the previous session, but needs to clear level of 4965 to witness continuation of the buying momentum towards 5000/5025 region. In ability to clear the level could call for liquidation to 4910/4875 followed by 4850.

Prices look pooped after days of slippage and held the trend line support of 181 region during the previous trading session. This scenario substantiate the possibility of a turn higher sooner or later towards 187 initially followed by 191. Even in this anticipation, surprise fall below 181...

Prices continue to trade in a tight range 443-449, either side breakout is required to suggest fresh directional moves for the day.

The ensuing buying momentum is likely to face a hurdle around 977 region for a turn lower. However, major sell offs could creep in below 965 targeting 958/952-48. Above 977 target prices objectives could be 988-992. Otherwise, expect a chopping session within a tight range.