Sell MCX Gold Feb at Rs 31190; SL Rs 31250: Dani Comm

Dani Commodities has come out with its report on commodities. According to the research firm, one can sell MCX Gold Feb at Rs 31190 with a stop-loss of Rs 31250 for the target of Rs 31110.

Argentina Claims US,EU Impeding Free Trade: Argentina has presented legal claims to the World Trade Organization (WTO) against the United States and the European Union (EU) for impeding free trade, Foreign Minister Hector Timerman said Wednesday, according to media reports. Two claims were filed against the United States for walling off Argentine meat and fresh lemons from the U.S. market, and one targeted restrictions on Argentine biodiesel imposed by the EU, particularly Spain, according to a statement from Timerman. Argentina lodged the claims with the WTO's Dispute Settlement Appellate Body after having tried to bilaterally resolve the protectionist measures, which violate WTO rules and have been applied for more than one decade, said Timerman.In its case against the United States, Argentina denounced the de facto closing of the U.S. market to the fresh bovine meat, cooled or frozen, from Argentina, a product which, since more than 10 years ago, is exported to different destinations under the highest sanitary standards.In the case against the EU, the main market of Argentine biodiesel, the South American country especially questioned a Spanish ministerial order that prevents the use of Argentine biodiesel as biofuel in the transportation sector.It's apparent that the Spanish regulation seriously affects our production of this renewable fuel, in which Argentina has specialized, making the country a world leader, said the statement. MCX GOLD
International: Major Support at USD1700. Bullish above USD1700.
Domestic: Sell Feb at 31190, Stop loss 31250, Target 31110. MCX SILVER
International: Major Support at USD29. Bullish above USD32.
Domestic: Sell March at 62200, Stop loss 62450, Target 61800. MCX COPPER
Domestic: Sell at 446, Stop loss 447.70, Target 443. MCX LEAD
Domestic: Sell at 121.40, Stop loss 122, Target 120. MCX ZINC
Domestic: Sell at 109.90, Stop loss 110.50, Target 109. MCX ALUMINIUM
Domestic: Sell at 113.90, Stop loss 114.40, Target 113.10. MCX NICKEL
Domestic: Sell below 954, Stop loss 960, Target 945. MCX CRUDE OIL
International: Major Support for WTI at USD84 Bullish above USD 91
Domestic: Sell below 4792, Stop loss 4822, Target 4730. MCX NATURAL GAS
Domestic: Buy above 202.50, Stop loss 200.80, Target 205.50. Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. To read the full report click on the attachment

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