Friday, 19 July 2013

NCDEX Commodity Market Rangbound |MCX Gold Today

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NCDEX Commodity Market Rang-bound Today :- Commodity market trend in NCDEX wheat futures for August delivery looks range bound and 1550-1630 is the likely range for the commodity. Break out of the any of the sides of the range is expected to give clear direction to the prices in the near term. 
Coriander prices are likely to trade with a negative bias due to subdued demand from bulk purchasers. Lack of quality supplies in physical markets and ample carry over stocks may also weigh on the market sentiments. 
Gold continues to trade in range, supported this week by Bernanke’s remarks which made investors question tapering expectations. Today in evening trading session a big movement can be happen so be caution take strict stop loss. 

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