MCX Commodity Market Trading Strategies for Next Week

MCX GOLD:-

For the next week MCX Gold above 26930 it can test the level of 27100/27250/27450. Trade by keeping the strict stop losses.

Major support in MCX Gold is 24900 and 24500
Major resistance in MCX Gold is 28300 and 28800

MCX SILVER:-

For the next week MCX Silver sustains above 53700 then it can test the level of 54500/55500/56800, Trade by keeping the proper stop losses. MCX Silver, 62000 and 65000 will act as major resistance and 45000 and 42000 will act as major supports.

MCX COPPER:-

Copper is in a consolidation phase and traders should use the strategy of buy on lower levels. MCX Copper sustains above 361 then it can test the level of 368/373/378 if it does not break the level of 350 on the downside. For the upcoming week MCX Copper major resistance would be 375 and 390 and supports would be found at 340 and 325.

MCX CRUDE OIL:-

For the next week traders can use sell on higher level strategy, MCX Crude sustains below 4200 then below 4150 it can test the level of 4082/4028/3968 in this week. Trade by keeping the proper stop loss. For the coming week MCX Crude Oil major resistance is found at 4360 and 4500 and major supports will be 4000 and 3700.

MCX NATURAL GAS:-

Natural Gas is in a consolidation phase and traders should use the strategy of buying on lower levels. MCX Natural Gas sustains above 182 in the coming week then it can test the level of 186/189/192, if it does not break the level of 175 on the downside. For the upcoming week MCX Natural Gas major resistance would be 194 and 205, supports would be found at 165 and 154.