Thursday, September 1, 2011

Support and Resistance levels of MCX Commodity Market Today

GOLD DIPS, BUT SUPPORTED BY FED OUTLOOK.
CRUDE OIL FALLS FROM TWO-WEEK HIGH IN NEW YORK ON U.S. SUPPLY FORECASTS.
COPPER CLIMBS FOR SIXTH DAY IN LONDON TRADING ON OPTIMISM FOR MORE DEMAND.

MCX SILVER (DEC)

TREND: Consolidate
R2: 66800
R1: 65900
S1: 63100
S2: 61950
STRATEGY: Buy on dips

MCX GOLD (AUG)
TREND: Consolidate
R2: 27700
R1: 27480
S1: 26970
S2: 26630
STRATEGY: Buy on dips

MCX CRUDE OIL (SEP)
TREND: Consolidate
R2: 4175
R1: 4120
S1: 4020
S2: 3970
STRATEGY: Buy on dips

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