Tuesday, August 23, 2011

Support & Resistance levels of MCX Commodity today

GOLD EASES AFTER NEARING RECORD ON STOCK MARKET JITTERS.
NEW YORK CRUDE RISES ON EASING LIBYAN UNREST.
COPPER SLIPS AS GLOBAL GROWTH FEARS LINGER.
INDIAN SPICES COMPLEX TRADE UP.

MCX GOLD (OCT)
TREND: Bullish    
R2: 28600
R1: 28350
S1: 27575
S2: 27200
STRATEGY: Buy on dips

MCX SILVER (SEP)

TREND: Bullish    
R2: 68700
R1: 66650
S1: 64000
S2: 62600
STRATEGY: Buy on dips

MCX COPPER (AUG)
TREND: Bearish
R2: 410
R1: 404
S1: 395
S2: 390
STRATEGY: Sell on Higher levels

MCX CRUDE OIL (SEP)

TREND: Bearish
R2: 3965
R1: 3880
S1: 3775
S2: 3670
STRATEGY: Sell on Higher levels

Followers