MCX commodity market support & resistance levels for today 25 may 2011

Gold rose to its highest in nearly three weeks on Tuesday as concerns about a  spreading EU debt crisis fuelled safe haven buying, while a softer dollar provided support. Copper rose on Tuesday, recovering alongsi de a softer dollar, but worries over the spread of European sovereign debt problems and Chinese demand suggest nearterm rallies may fail to gain strength or speed. 

GOLD MCX (JUNE)

R2: 22700
R1: 22450
S1: 22200
S2: 21900
Trend: Consolidate
Strategy: Buy on dips

SILVER MCX (JULY)

R2: 56550
R1: 55400
S1: 53200
S2: 51800
Trend: Consolidate
Strategy: Buy on dips

COPPER MCX (JUNE)

R2: 415
R1: 407
S1: 396
S2: 384
Trend: Consolidate
Strategy: Buy on dips

CRUDE OIL MCX (JUNE)

R2: 4570
R1: 4510
S1: 4400
S2: 4290
Trend: Consolidate
Strategy: Buy on dips