Saturday, June 4, 2011

MCX Commodity Market Weekly Report 06 - 11 June 2011

Major support in MCX Gold is 22400 and 22200
Major resistance in MCX Gold is 22850 and 2305

MCX Silver 61000 and 64000 will act as major resistance and 52000 and 50000 will act as major supports.

MCX Crude Oil major resistance is found at 4650 and 4780 and major supports will be 4360 and 4150.

MCX Crude oil above 4625 can touch the level of 4705 if it sustains above 4360. Trade by keeping the proper stop loss.

MCX Copper above 420 Copper can test the level of 426 if it does not break the level of 405 on the downside.

MCX Copper major resistance would be 425 and 437 and supports would be found at 400 and 380.

In MCX, if Natural Gas sustains below 210 in the coming week then it can test the level of 203, if it does not break the level of 222 on the upside.

For MCX Natural Gas major resistance would be 225 and 235, supports would be found at 200 and 190.

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