Thursday, August 11, 2011

Today Support & Resistance levels of MCX Commodity Market

GOLD STEADIES NEAR LIFETIME HIGH, ECON WORRIES LINGER.
CRUDE OIL RISES FROM 10-MONTH LOW ON FED STATEMENT.
COPPER RISE ON STRONG CHINESE COPPER IMPORTS.
INDIAN SPICES COMPLEX TRADE UP.


MCX GOLD (OCT)
TREND: Bullish     
R2: 26670
R1: 26470
S1: 26030
S2: 25870
STRATEGY: Buy on dips

MCX ZINC (AUG)
TREND: Bearish
R2: 101.50
R1: 97.90
S1: 93.50
S2: 91.70
STRATEGY: Sell on Higher levels

MCX NATURAL GAS (AUG)
TREND: Bearish
R2: 191 
R1: 187
S1: 174
S2: 168
STRATEGY: Sell on Higher levels

Support & Resistance levels of MCX Silver, MCX Aluminium, Lead, Nickel, Copper, Crude Oil, Natural Gas

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