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Gold prices to have intraday resistance at USD 1,230: Emkay
Source: IRIS | 23 Sep, 2014, 10.20AM
Rating: NAN / 5 stars.
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''Gold prices are expected to have intraday resistance at USD 1,230 i.e. Rs 26,800 and selling can be seen there. Prices on lower side can test USD 1,210 i.e. Rs 26,500. Prices should not move above USD 1,235 i.e. Rs 26,900 to maintain negative outlook for the day,'' said Emkay Commotrade.
 
''November Copper prices are expected to have support at Rs 414.50 prices can move sideways to higher towards Rs 418. Prices needs to clear Rs 418 for further upside else prices will again come down. On lower side prices have support at Rs 412,'' it added.

''Crude oil prices have strong support at Rs 5,525 and as far as prices are holding this support, prices can trade sideways to higher and fresh upside can be seen only above Rs 5,650. Prices can have intraday resistance at Rs 5,590. Only a break down below Rs 5,525 can extend losses towards Rs 4,450 in coming days,'' said Emkay.

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