MCX GOLD:-
For the next week MCX Gold above 26700 it can test the level of 26900/27100/27400. 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:-
MCX Silver sustains above 53200 then it can test the level of 54200/55500/56800, 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.
MCX COPPER:-
Copper is in a consolidation phase and traders should use the strategy of buy on lower levels. For next week 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:-
NYMEX Crude is in consolidation phase. For the next week MCX Crude sustains below 4030 then below 4010 it can test the level of 3955/3905/3860 in this week. Trade by keeping the proper stop loss. For the coming week MCX Crude Oil major resistance is found at 4130 and 4260 and major supports will be 3750 and 3550.
MCX NATURAL GAS:-
Natural Gas is in a consolidation phase and traders should use the strategy of selling on higher levels. In MCX, if Natural Gas sustains below 170 in the coming week then it can test the level of 166/163/160, if it does not break the level of 177 on the upside. For MCX Natural Gas major resistance would be 194 and 205, supports would be found at 165 and 154.
For the next week MCX Gold above 26700 it can test the level of 26900/27100/27400. 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:-
MCX Silver sustains above 53200 then it can test the level of 54200/55500/56800, 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.
MCX COPPER:-
Copper is in a consolidation phase and traders should use the strategy of buy on lower levels. For next week 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:-
NYMEX Crude is in consolidation phase. For the next week MCX Crude sustains below 4030 then below 4010 it can test the level of 3955/3905/3860 in this week. Trade by keeping the proper stop loss. For the coming week MCX Crude Oil major resistance is found at 4130 and 4260 and major supports will be 3750 and 3550.
MCX NATURAL GAS:-
Natural Gas is in a consolidation phase and traders should use the strategy of selling on higher levels. In MCX, if Natural Gas sustains below 170 in the coming week then it can test the level of 166/163/160, if it does not break the level of 177 on the upside. For MCX Natural Gas major resistance would be 194 and 205, supports would be found at 165 and 154.
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