Gold & Silver are trading down on the international index. It's been 3 weeks since when the gold price are under pressure. According to the CFTC reports gold seen a decline in the long position form the investors end last week. Crude oil is trading slightly down from last weeks trading sessions. Crude oil prices had come down to 93 dollar last week. For this week we may expect prices to sustain above last weeks resistance level.
Gold on MCX is trading marginal downside from its previous close at around 27,800. Similarly silver is also trading at 42125 after falling 0.3 percent today. For today's trading sessions we are recommending following trading calls:
- MCX Lead (September futures): Sell at 136.5 with stop loss at 137.5 for the target of 135. Lead intraday support for today is at 134 and resistance is at 138.
- Natural Gas MCX (September futures): Sell at 247 with stop loss at 251 for the target of 240. Natural gas will find support at 238 and resistance at 251.
