Mcx Tips, Daily Intraday calls

• Gold plunged to a 34-month low
• Gold futures recovered on Friday trading above 1230$
• Copper may advance in London
• Crude oil rose for a fifth day, its longest increase since April
• Natural gas slide to new multi week low

Crude oil rose for a fifth day, its longest increase since April, on that signs of economic recovery in the U.S. and Germany will support fuel consumption. WTI futures climbed as much 0.8 percent. Copper may advance in London after a report of increased retail sales in Germany, bolstering prospects for metals demand. Aluminum rose. Copper futures for September delivery fell 0.1 percent to $3.056 a pound on the Comex in New York. Aluminum gained 0.3 percent while nickel fell 0.3 percent. Copper stockpiles in warehouses monitored by the LME fell 0.3 percent, the fourth consecutive decline.
 

GOLD (AUG)

• Trend       • Consolidate
  Strategy   • Sell on high
• Resistance  • R2 – 26380 ;  R1 – 25950
  support       • S1 – 25150 ; S2 – 24680

SILVER (JUL)

• Trend          • Consolidate
• Strategy      •Sell on high
• Resistance  • R2 – 41750; R1 – 40870
  support       • S1 – 39250; S2 – 38100

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