MCX Gold
Gold prices gained in European trade on Wednesday, touching the highest level in two weeks as traders kept an eye on fresh political developments in the U.S. after President Donald Trump allegedly asked the FBI to end a probably market participants looked ahead to weekly storage data due on Thursday, which is expected to show a build in a range between 55 and 63 billion cubic feet in the week ended May 12.
That compares with a gain of 45 billion cubic feet in the preceding week, an increase of 73 billion a year earlier and a five-year average rise of 87 billion cubic feet.
MCX Gold Tips
ONLY BUY GOLD ABOVE 28200 with Target 28400,28700 and Stoploss Rs 28,050
MCX Natural Gas
Total natural gas in storage currently stands at 2.301 trillion cubic feet, according to the U.S. Energy Information Administration, 13.9% lower than levels at this time a year ago but 12.0% above the five-year average for this time of year.
MCX Natural Gas Tips
BUY NATURAL GAS ONLY ABOVE 208 Target 212,216 and Stoploss 205.
Gold prices gained in European trade on Wednesday, touching the highest level in two weeks as traders kept an eye on fresh political developments in the U.S. after President Donald Trump allegedly asked the FBI to end a probably market participants looked ahead to weekly storage data due on Thursday, which is expected to show a build in a range between 55 and 63 billion cubic feet in the week ended May 12.
That compares with a gain of 45 billion cubic feet in the preceding week, an increase of 73 billion a year earlier and a five-year average rise of 87 billion cubic feet.
MCX Gold Tips
ONLY BUY GOLD ABOVE 28200 with Target 28400,28700 and Stoploss Rs 28,050
MCX Natural Gas
Total natural gas in storage currently stands at 2.301 trillion cubic feet, according to the U.S. Energy Information Administration, 13.9% lower than levels at this time a year ago but 12.0% above the five-year average for this time of year.
MCX Natural Gas Tips
BUY NATURAL GAS ONLY ABOVE 208 Target 212,216 and Stoploss 205.
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