GOLD:
For the next week MCX Gold below 25400 it can test the level of 25100/24900/24600. 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.
SILVER:
MCX Silver sustains below 50000 then it can test the level of 48000/46000/44000, Trade by keeping the proper stop losses. For the upcoming week MCX Silver 62000 and 65000 will act as major resistance and 45000 and 42000 will act as major supports.
COPPER:
Copper is in a consolidation phase and traders should use the strategy of sell on higher levels. For next week MCX Copper sustains below 343 then it can test the level of 340/335/331 if it does not break the level of 350.20 on the upside. For MCX Copper major resistance would be 365 and 380 and supports would be found at 340 and 325.
CRUDE OIL:
For the coming week MCX Crude Oil major resistance is found at 4130 and 4260 and major supports will be 3750 and 3550. For the next week MCX Crude sustains below 3950 then below 3900 it can test the level of 3850/3790/3760 in this week. Trade by keeping the proper stop loss.
NATURAL GAS:
Natural Gas is in a consolidation phase and traders should use the strategy of selling on higher levels. MCX Natural Gas sustains below 181 in the coming week then it can test the level of 176/173/170, if it does not break the level of 188 on the upside. For the upcoming week MCX Natural Gas major resistance would be 194 and 205, supports would be found at 165 and 154.
For the next week MCX Gold below 25400 it can test the level of 25100/24900/24600. 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.
SILVER:
MCX Silver sustains below 50000 then it can test the level of 48000/46000/44000, Trade by keeping the proper stop losses. For the upcoming week MCX Silver 62000 and 65000 will act as major resistance and 45000 and 42000 will act as major supports.
COPPER:
Copper is in a consolidation phase and traders should use the strategy of sell on higher levels. For next week MCX Copper sustains below 343 then it can test the level of 340/335/331 if it does not break the level of 350.20 on the upside. For MCX Copper major resistance would be 365 and 380 and supports would be found at 340 and 325.
CRUDE OIL:
For the coming week MCX Crude Oil major resistance is found at 4130 and 4260 and major supports will be 3750 and 3550. For the next week MCX Crude sustains below 3950 then below 3900 it can test the level of 3850/3790/3760 in this week. Trade by keeping the proper stop loss.
NATURAL GAS:
Natural Gas is in a consolidation phase and traders should use the strategy of selling on higher levels. MCX Natural Gas sustains below 181 in the coming week then it can test the level of 176/173/170, if it does not break the level of 188 on the upside. For the upcoming week MCX Natural Gas major resistance would be 194 and 205, supports would be found at 165 and 154.
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