Tuesday, September 6, 2011

Support & Resistance Levels of MCX Gold, Silver Commodity Today

COPPER SLIPS ON GROWTH FEARS, STRONG DOLLAR.
DOMESTIC OIL AND OILSEED CONTINUE TO TRADE LOW.
GOLD RISES ON WORRIES OVER U.S. GROWTH, EURO ZONE DEBT.
CRUDE OIL DROPS ON SIGNS OF SLOWDOWN; GULF WORKERS RETURN AFTER STORM.

MCX SILVER (Dec)

TREND: Bullish
R2: 68400
R1: 67800
S1: 65400
S2: 64250
STRATEGY: Buy on dips

MCX GOLD (OCT)
TREND: Bullish
R2: 29100
R1: 28850
S1: 28160
S2: 27900
STRATEGY: Buy on dips

MCX CRUDE OIL (SEP)
TREND: Consolidate
R2: 3980
R1: 3910
S1: 3805
S2: 3750
STRATEGY: Buy on dips

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