Commodity check on oil, nickel, pepper, soya bean

Way2Wealth has come out with its report on gold & silver.

August 22, 2011 / 12:36 IST

Way2Wealth has come out with its report on gold & silver.

Stop Gold: MCX Sep Gold added another 2266 points (8.8%) in last week and closed at 27954. Looking at the candlesticks and volume pattern further upside is expected. Any correction in it should be used to create long positions. RSI(14) is well balanced in positive territory. Indicating bullishness in the counter.

MCX Crude Oil prices in previous week tested the valid support line on weekly chart and closed with a bullish hammer. Some bounce back till 4100

first published: Aug 22, 2011 12:21 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347