Technical views and report of MCX Commodity Market for today

Gold steadied around its highest in nearly four weeks on Tuesday, but surrendered earlier gains after a report that Germany could smooth the way for Greece to get a bailout. Copper rallied to a four-week high on Tuesday, supported by a firmer euro after expectations mounted that a second aid package for Greece would get the go-ahead and after a series of poor U.S. data.

MCX GOLD (JUNE)

R2: 22700
R1: 22500
S1: 22300
S2: 22100
Trend: Consolidate
Strategy: Buy on dips

MCX ALUMINIUM (JUNE) 

R2: 123.2
R1: 121.4

S1: 118.5
S2: 116.3
Trend: Consolidate 
Strategy: Buy on dips
 

MCX NICKEL (JUNE) 
R2: 1112
R1: 1080

S1: 1040
S2: 1000
Trend: Consolidate 
Strategy: Sell on high
 

MCX NATURAL GAS (JUNE)

R2: 225
R1: 216
S1: 206
S2: 196
Trend: Consolidate 
Strategy: Buy on dips