GOLD
For the next week MCX Gold below 26000 it can test the level of 25550/25050/24600. Trade by keeping the strict stop losses.
Major support in MCX Gold is 26500 and 25200
Major resistance in MCX Gold is 28300 and 28800
SILVER
For the upcoming week MCX Silver 62000 and 65000 will act as major resistance and 49000 and 45000 will act as major supports.
COPPER
Copper is in a consolidation phase and traders should use the strategy of sell on higher levels. In MCX Copper sustains below 360 then it can test the level of 355/351/346 if it does not break the level of 370.20 on the upside. For the upcoming week MCX Copper major resistance would be 387 and 402 and supports would be found at 340 and 325.
CRUDE
NYMEX Crude is in consolidation phase. For the coming week MCX Crude Oil major resistance is found at 4130 and 4260 and major supports will be 3750 and 3550. For the next week traders can use sell on higher level strategy. In MCX if Crude sustains below 3940 then below 3860 it can test the level of 3790/3722/3663 in this week. Trade by keeping the proper stop loss.
NATURAL GAS
Natural Gas is in a consolidation phase and traders should use the strategy of selling on higher levels. In MCX, if Natural Gas sustains below 186 in the
coming week then it can test the level of 180/176/173, if it does not break the level of 192 on the upside. For MCX Natural Gas major resistance would be 194 and 205, supports would be found at 165 and 154.
For the next week MCX Gold below 26000 it can test the level of 25550/25050/24600. Trade by keeping the strict stop losses.
Major support in MCX Gold is 26500 and 25200
Major resistance in MCX Gold is 28300 and 28800
SILVER
For the upcoming week MCX Silver 62000 and 65000 will act as major resistance and 49000 and 45000 will act as major supports.
COPPER
Copper is in a consolidation phase and traders should use the strategy of sell on higher levels. In MCX Copper sustains below 360 then it can test the level of 355/351/346 if it does not break the level of 370.20 on the upside. For the upcoming week MCX Copper major resistance would be 387 and 402 and supports would be found at 340 and 325.
CRUDE
NYMEX Crude is in consolidation phase. For the coming week MCX Crude Oil major resistance is found at 4130 and 4260 and major supports will be 3750 and 3550. For the next week traders can use sell on higher level strategy. In MCX if Crude sustains below 3940 then below 3860 it can test the level of 3790/3722/3663 in this week. Trade by keeping the proper stop loss.
NATURAL GAS
Natural Gas is in a consolidation phase and traders should use the strategy of selling on higher levels. In MCX, if Natural Gas sustains below 186 in the
coming week then it can test the level of 180/176/173, if it does not break the level of 192 on the upside. For MCX Natural Gas major resistance would be 194 and 205, supports would be found at 165 and 154.
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