Wednesday, July 13, 2011

Support & Resistance Levels of MCX Commodity Market Today

GOLD IN EUROS HITS RECORD AS DEBT CRISIS SPREADS.
CRUDE OIL SLIDES, DENTED BY EURO ZONE FEARS.
COPPER FALLS AS DLR RISES, EURO DEBT WORRIES SPREAD.
SPICES COMPLEX END MIXED, CORIANDER POSTS UP TO 4PC GAINS.


MCX GOLD (AUG)
TREND: Consolidate
RESISTANCE 2: 23200
RESISTANCE 1: 22950
SUPPORT 1: 22500
SUPPORT 2: 22200
STRATEGY: Buy on dips

MCX COPPER (AUG)
TREND: Consolidate
RESISTANCE 2: 445
RESISTANCE 1: 439
SUPPORT 1: 427
SUPPORT 2: 421
STRATEGY: Buy on dips

MCX CRUDE OIL (JUL)

TREND: Consolidate
RESISTANCE 2: 4450
RESISTANCE 1: 4390
SUPPORT 1: 4250
SUPPORT 2: 4180
STRATEGY: Buy on dips

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