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More and More people be notify of investors or traders enter in commodity markets to make fast money via either intraday trading or through positional trading but due to lack of experience, knowledge, strategy, discipline or confident ; most of the moment they incur losses. Merely few smart traders/investors earn money in both Rising as well as Falling Markets.
The prices of Refined Gold gained marginal ground with session ending at Rs 28747 per 10 grams. The metal tested a high of Rs 28800 per 10 grams and a low of Rs 28621 per 10 grams. Resistance for Gold is at Rs 28900 and 29000 per 10 grams. Meanwhile, a support for Gold is at Rs 28500 per 10 grams.
Technical Crude Oil was up by 1.91% on the session ending 10 April 2017. On the higher side Rs 3430 per barrel was tested. On the lower side Rs 3365 per kg was noted. Crude Oil closed at Rs 3571 per barrel. Resistance for Crude Oil is at Rs 3480 and 3500 per barrel. Support for Crude Oil is at Rs 3350 per barrel.
The prices of copper declined significantly on the back of short positions increase in the metal. Deprived Copper showed further losses of 0.89% in the session gone by. At the time of closing Copper was at Rs 372.70 per kg. On the higher side, Rs 375.90 per kg was noted while on the lower side, Rs 371.45 per kg was tested. Resistance for Copper is at Rs 378-380 per kg. Supports of Rs 365 and 362 per kg are active.
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