Wednesday, August 10, 2011

Free Support & Resistance levels of MCX Commodity Market Today

GOLD AT RECORD $1,778; BIGGEST 3-DAY RALLY SINCE 2008.
CRUDE OIL DROPS BELOW $80 FOR FIRST TIME SINCE OCTOBER IN EXTENDED DECLINE.
COPPER ERASES EARLY FALL AFTER CHINA DATA.
DOMESTIC OIL AND OILSEED TRADE BEARISH.


MCX GOLD (OCT)

TREND: Bullish      
R2: 26400
R1: 26100
S1: 25550
S2: 25250
STRATEGY: Buy on dips

MCX COPPER (AUG)
TREND: Bearish
R2: 408
R1: 402
S1: 394
S2: 389
STRATEGY: Sell on Higher levels

MCX CRUDE OIL (AUG)
TREND: Bearish
R2: 3800  
R1: 3730
S1: 3600
S2: 3540
STRATEGY: Sell on Higher levels

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