Gold Silver Reports — Technically Nickel market is getting support at 582 and below same could see a test of 572 level, And resistance is now likely to be seen at 601, a move above could see prices testing 610
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Crude Oil MCX Support Key Level at 2918
Gold Silver Reports — Technically Crude oil market is under short covering as market has witnessed drop in open interest by 0.84% to settled at 18773 while prices up 11 rupees.
Nickel MCX Under Short Covering Support Key 572
Gold Silver Reports — Technically Nickel market is under short covering as market has witnessed drop in open interest by 0.1% to settled at 38844 while prices up 9.7 rupees.
Zinc MCX Expected Trading Key Between 162—169
Gold Silver Reports — Zinc on MCX settled up 0.91% at 166.7 tracking rise in LME prices by 0.5 percent at $2,582 despite further losses in steel and iron ore prices. Also zinc consumption softened recently after China strengthened environmental protection actions in Northern regions.
MCX Gold Stays Afloat Above Rs 28K
Gold Silver Reports — Gold futures extended losses on Friday after a strong US jobs report raised the likelihood of an interest rate hike from the Federal Reserve.
Ukraine Grain Stocks Jumps 67 percent On Year on Year In April 2017
Gold Silver Reports — According to official data, the current information of the State Statistics Service, Ukraines reserves of grains and pulses totaled 15.35 MMT as of April 1, 2017 that is 18.8% more than at the same time last year (12.93 MMT).
Silver MCX Strong Support Key Between 37300—39700
Gold Silver Reports — Silver on MCX settled down -1.35% at 38052 adding to overnight losses after the Federal Reserve left the door open to raising interest rates in June.