Thursday, 11 July 2013

Gold Intraday At Up Note| Commodity Trend

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Gold Intraday At Up Note :- Gold hit the two week high today after US Federal Reserve Chairman Ben Bernanke hinted that the central bank may continue with its existing monetary stimulus despite recent positive trends in the US economy. MCX silver is also seen trading up by 3.55%. 

Commodity Trend :- In Today's trend in wheat futures for August delivery on India's National Commodity and Derivatives Exchange (NCDEX) is negative and further down-side is expected in the near term. The trend in NCDEX barley for August delivery is negative and short covering is expected from current levels.For intra-day, support for the commodity is seen at 1250 while resistance at 1340 level.

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