Gold Outlook For Monday.

Gold performed well on Friday and gave a good pocket to the buyers. Comex Gold trading at $ 1320 and Gold MCX trading @ 31400, we saw a good up side in gold in the last trading session Strong wind of BRexit blow the prices of the golden mettle in an unbelievable manner by making a biggest move of the day in 2016 till yet a boost of $ 90 was seen on Comex Gold where on MCX we found the positive move of Rs 1900 yesterday’s session. Still we can see the potential of the gold that it didn’t gave chance to sellers to put the hands. And made a new support at 31200. Selling can be initiated if we get the prices for 31150 handle. This can further lead to 30900 and 30700, which seems tough to get. On other hand believing to be on buyers side we can see the prices to taste 31600 to 31800, this upside is also supported by daily and weekly trend as well. This up moves can be seen in coming one to two trading session.

Crude Outlook For Monday.

Crude oil found a big down surge on Friday trading session. A fine Up move was changed into a big down fall by the result release of the BRexit from the European union. Sellers were on the profit side in case of Crude Oil. Brent Crude @ 47.50 trading on a fine support line for Intraday frame where the MCX Crude @ 3266 A down side of almost Rs 150 was marked on MCX Crude where the NYMEX Crude fell to $ 3

This down side can be continue further for the handle $46 in NYMEX and 31180 to 31100 for MCX. We expect the price to be covered in next two trading session and if the crude oil gets a pull in the price we can also see a domestic rate cut in the prices of Diesel and Petrol on 30th June 2016 by a variation of Rs 1.00 to 0.60

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