Saturday, September 10, 2011

Support & Resistance levels of MCX Commodity Market for Monday

GOLD FUTURES RALLY AS WORLD ECONOMY, DEBT CONCERNS SPUR DEMAND FOR A HAVEN.
CRUDE OIL DROPS MOST IN A WEEK AS EURO TUMBLES ON EUROPEAN DEBT CRISIS.
COPPER TUMBLES MOST IN A MONTH AS OBAMA, BERNANKE FAIL TO BOOST CONFIDENCE.
INDIAN CHANA EDGES HIGHER ON LIMITED STOCK.


MCX GOLD (OCT)
TREND: Consolidate
R2: 28750
R1: 28450
S1: 27900
S2: 26650
STRATEGY: Buy on dips

MCX SILVER (DEC)

TREND: Consolidate
R2: 68500
R1: 66800
S1: 64400
S2: 62500
STRATEGY: Buy on dips

MCX COPPER (NOV)
TREND: Consolidate
R2: 427
R1: 421
S1: 409
S2: 404
STRATEGY: Buy on dips

MCX CRUDE OIL (SEP)
TREND: Consolidate
R2: 4210
R1: 4140
S1: 4000
S2: 3935
STRATEGY: Buy on dips

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