Published on Wed, Feb 03, 2010 at 12:30 | Source : CNBC-TV18
Updated at Wed, Feb 03, 2010 at 12:35
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Support for gold at Rs 16433-16265/10 gm: Hem Sec
Hem Securites has come out with its commodity reports. According to research firm the support for gold remained at Rs 16433/16265 per 10 gram it has resistance at Rs 16710/16819 per 10 gram.
Hem Securites has come out with its commodity reports. According to research firm the support for gold remained at Rs 16433/16265 per 10 gram it has resistance at Rs 16710/16819 per 10 gram.
Hem Securites research report:
Copper
The support for copper remains at 312/309 while it has resistance at 319/322 level. Copper advanced for a third day after U.S. pending home sales increased 1 percent in December after a 16 percent drop in November that was the largest since records began in 2001.
Crude
The support for Crude remains at 3478/3401 while it has resistance at 3597/3639 level. Oil pared gains to trade near $77 a barrel in New York after an industry report showed an increase in commercially held crude stockpiles in the U.S., the world's biggest energy consumer.
The support for Gold remains at 16433/16265 it has resistance at 16710/16819 level. Gold declined, snapping a two-day advance, as the dollar rebounded against the euro, reducing the allure of holding the metal as an alternative asset.
The support for Silver remains at 25910/25760 while it has resistance at 26253/26446 level. Silver declined, , as the dollar rebounded against the euro, reducing the allure of holding the metal as an alternative asset.
