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Gold and silver prices bounced back from their tumble in recent days. Other commodities including oil also rallied during Thursday’s trading. U.S jobless claims nearly didn’t change and core durable goods report presented a mixed trend and little movement. The speculation around the future of Greece keeps eclipsing other events and news items.
Mcx Gold Trend and Updates :- MCX June gold may open today's session near Rs. 28850 levels with support aroundRs. 28790 and Rs. 28700 levels. Yesterday, it closed lower by Rs. 89 (0.3%) at Rs.28,880 per ten grams. Prices rose to a high of Rs. 29,102 per 10 grams and fell to a low of Rs. 28,854 per 10 grams during the day's trading.
MCX Aluminium Trend today :- Aluminium which was in uptrend, was found to be trading in range bound during the last five trading sessions. The open interest shed by 29% to 2353 lots and found to be traded above 9-day EMA with its RSI at 55.49. Aluminium is finding strong at Rs. 109.9 per kg and Rs. 109.6 per kg and resistance at Rs. 111.5 per kg and Rs. 111.8 per kg today.
MCX Natural gas tips :- Sell Below 150, Stop loss 153.25, for target 147 / 145.25.
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