Gold surges to new high on firm global trend

Gold prices today zoomed to a new peak of Rs 10,925 per ten gram driven by firming global cues as a decline in dollar boosted interest in the precious metal as an investment option.
The metal set the new peak of Rs 10,925 per ten gram by adding Rs 160 in Kolkata. In Delhi, it surged Rs 170 to reach its new high of Rs 10,780, while gaining Rs 130 to Rs 10,670 per ten gram in Chennai. In the Mumbai bullion market, gold prices rose by Rs 105 to Rs 10,715.
The earlier peak for gold was Rs 10,710 per ten gram reached in the Delhi bullion market on May 12 last year, when it touched an intra-day high of Rs 10,800.

Minor-Major Trend -Bullish
support level seen -10610, 10640
and i am recomnded to buy in dips

MCX Crude Oil January for 28 dec

The January contract crude oil prices were up on
previous session as after testing a high of 3839 it
settled at 3826 levels. Prices are expected to
move up and the next resistance can be seen at
3866 levels. However a slight correction can be
expected and the supports may be seen at 3805-
10 levels and breach of 3800 may see prices to
test 3785-80 levels. We recommend buying on
dips for the day.

MCX Copper February news for 28 dec

The February contract copper prices wereinitially up and after testing a high of 279.40 itresumed a down trend. Market fell till 271.75 andsettled at 273.45 levels. Prices are expected tocome down with a slight pullback. The immediateresistance can be seen at 275 levels. Thesupports can be seen at 270 and breach of thesame may see prices to test 268 levels. Werecommend selling around 275 for a possibletarget of 270 with stop loss above 277 levels.

MCX Gold February

The February contract gold prices were up onprevious session as after testing a high of 10567it settled at 10539 levels. Prices are expected tomove up and the next immediate resistance canbe seen at 10566 levels. Only on break of 10566may see prices to test 10600 levels. Thesupports can be seen at 10530 and then 10490.We recommend buying on dips for todays tradingsession.

MCX Gold February intraday technical analysis

The February contract gold prices weresubstantially up on previous session as aftertesting a high of 10502 it settled higher at 10497levels. Prices are expected to move up with aslight pullback. The supports are seen at 10450-45 levels. Market sustains above 10450 may seeprices to trade firm and recommend buying forintraday. We recommend buying around 10445-50 targeting 10525-30 with stop loss below10420 levels.

Intra day technical analysis of copper

MCX Copper FebruaryThe February contract copper prices were up onprevious session and after testing a high of278.40 it settled at 276.20 levels. Prices areexpected to move up and the immediateresistance is seen at 279-280 levels. Only onbreak of 280 levels we may see prices to test 28levels. Likewise the supports are seen at 275 andbreach of the same may see prices to test273.50 levels. We recommend buying on dips forthe day.