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: 22700R1: 22450
S1: 22200
S2: 21900
Trend: Consolidate
Strategy: Buy on dips
SILVER MCX (JULY)
R2: 56550R1: 55400
S1: 53200
S2: 51800
Trend: Consolidate
Strategy: Buy on dips
COPPER MCX (JUNE)
R2: 415R1: 407
S1: 396
S2: 384
Trend: Consolidate
Strategy: Buy on dips
CRUDE OIL MCX (JUNE)
R2: 4570R1: 4510
S1: 4400
S2: 4290
Trend: Consolidate
Strategy: Buy on dips