GOLD : Gold edged up on Thursday after two straight sessions of losses as the dollar weakened, although investors were less than convinced of its direction given the uncertainty over Fed’s stimulus measures .
CrudeOil July: buy till 4995 tgt1 5085 tgt2 5112 SL 4918.
Ref Soyaoil :
Ref Soyaoil trading range for the day is 787.48-803.28. market is looking to take support at 790.8, a break below could see a test of 787.5 and resistance is likely to be seen at 798.7, a move above could see prices testing 803.3. In yesterday's trading session Ref Soyoil has touched the low of 792.1 after opening at 792.55, and finally settled at 794.05.
Mentha oil :
Mentha oil trading range for the day is 1332.2-1390.4. support for the menthol is seen at 1349.6 and below could see a test of 1332.2. Resistance is likely to be seen at 1378.7, a move above could see prices testing 1390.4.
Other Commodities :-
- Copper MCX, Nickel MCX, Zinc MCX are likely to go up and gain strength.
- U.S. August crude rose 65 cents to settle at $89.87 a barrel, having reached $90.04
