Tuesday, July 19, 2011

MCX Commodity Trading Strategies for Today 19 July

GOLD RISES ABOVE $1,600/OZ AS DEBT FEARS SIMMER.
CRUDE OIL FALLS $2 ON U.S., EUROPE DEBTS FEARS.
COPPER FALLS; CHINA DEMAND, DEBT CRISES WEIGH.
SPICES COMPLEX MOSTLY POSTS GAINS TOWARDS END.


MCX SILVER (SEP)
TREND: Consolidate
RESISTANCE 2: 61700
RESISTANCE 1: 60700
SUPPORT 1: 58450
SUPPORT 2: 57500
STRATEGY: Buy on dips

MCX COPPER (AUG)
TREND: Consolidate
RESISTANCE 2: 455
RESISTANCE 1: 442
SUPPORT 1: 427
SUPPORT 2: 421
STRATEGY: Buy on dips

MCX CRUDE OIL (AUG)

TREND: Consolidate
RESISTANCE 2: 4362
RESISTANCE 1: 4347
SUPPORT 1: 4225
SUPPORT 2: 4170
STRATEGY: Buy on dips

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