Friday, September 9, 2011

Support & Resistance levels of MCX Commodity today

GOLD RAISES 2 PCT AFTER ECB LEAVES RATES UNCHANGED.
CRUDE OIL IN NEW YORK TRADES NEAR 5-WEEK HIGH BEFORE U.S. INVENTORY DATA.
COPPER EDGES DOWN, TRACKS FALL IN EQUITIES.
DOMESTIC OIL AND OILSEED TRADE HIGH ON SHORT COVERING.


MCX SILVER (DEC)
TREND: Consolidate
R2: 68500
R1: 67200
S1: 62530
S2: 60500
STRATEGY: Buy on dips

MCX COPPER (NOV)

TREND: Consolidate
R2: 435
R1: 429
S1: 418
S2: 412
STRATEGY: Buy on dips

MCX CRUDE OIL (SEP)

TREND: Consolidate
R2: 4240
R1: 4190
S1: 4040
S2: 3980
STRATEGY: Buy on dips

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