Friday, May 6, 2011

Support and Resistance levels of MCX bullions, base metals, energy for today 06 may 2011

GOLD MCX (JUNE)
R2: 22200
R1: 22000
S1: 21450
S2: 21200
Trend: Consolidate
Strategy: Buy on dips

SILVER MCX (JULY)
R2: 58240
R1: 56740
S1: 52800
S2: 50700
Trend: Consolidate
Strategy: Buy on dips

CRUDE OIL MCX (MAY)
R2: 4725
R1: 4645
S1: 4400
S2: 4330
Trend: Consolidate
Strategy: Buy on dips

NATURAL GAS MCX (MAY)
R2: 207
R1: 201
S1: 190
S2: 184
Trend: Consolidate
Strategy: Sell on higher levels

NICKEL MCX (MAY)
R2: 1200
R1: 1155
S1: 1070
S2: 1025
Trend: Consolidate
Strategy: Buy on dips

ZINC MCX (MAY)
R2: 100.40
R1: 98.65
S1: 93.45
S2: 90.60
Trend: Consolidate
Strategy: Buy on dips

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