Wednesday, July 6, 2011

Today Support & Resistance Levels of MCX Commodity

GOLD CLIMBS AS RISK AVERSION PICKS UP.
OIL ADVANCED, HALTING A TWO-DAY DROP IN LONDON, ON RISING OIL-DEMAND.
COPPER STEADIES AS RELIEF RALLY PETERS OUT.
SPICES COMPLEX TRADE MIXED.


MCX SILVER (SEP)
TREND: Consolidate
RESISTANCE 2: 55000
RESISTANCE 1: 54000
SUPPORT 1: 52200
SUPPORT 2: 49600
STRATEGY: Buy on dips

MCX COPPER (AUG)

TREND: Consolidate
RESISTANCE 2: 439
RESISTANCE 1: 434
SUPPORT 1: 422
SUPPORT 2: 416
STRATEGY: Buy on dips

MCX CRUDE OIL (JUL)
TREND: Consolidate
RESISTANCE 2: 4450
RESISTANCE 1: 4375
SUPPORT 1: 4260
SUPPORT 2: 4200
STRATEGY: Buy on dips

Followers