GOLD
For the next week traders can use sell on higher level strategy if MCX Gold below 27400 it can test the level of 27200/27000/26850. Trade by keeping the strict stop losses.
Major support in MCX Gold is 27100and 26500
Major resistance in MCX Gold is 28600 and 29100
SILVER
For the next week MCX Silver sustains above 57200 then it can test the level of 58500/59800, 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.
CRUDE
For the next week traders can use sell on higher level strategy, if MCX Crude sustains below 4600 then below 4545 it can test the level of 4470/4390/4340 in this week. Trade by keeping the proper stop loss. For the coming week MCX Crude Oil major resistance is found at 4500 and 4680 and major supports will be 4200 and 4000.
COPPER
Copper is in a consolidation phase and traders should use the strategy of sell on higher levels. Next week MCX, Copper sustains below 382 then it can test the level of 377/372.5/366.6 if it does not break the level of 401 on the upside. For the upcoming week MCX Copper major resistance would be 415 and 425 and supports would be found at 375 and 355.
NATURAL GAS
Natural Gas is in a consolidation phase and traders should use the strategy of selling on higher levels. MCX, if Natural Gas sustains below 185 in the coming week then it can test the level of 180/176/172, if it does not break the level of 194 on the upside. For the upcoming week MCX Natural Gas major resistance would be 205 and 215, supports would be found at 165 and 155.
For the next week traders can use sell on higher level strategy if MCX Gold below 27400 it can test the level of 27200/27000/26850. Trade by keeping the strict stop losses.
Major support in MCX Gold is 27100and 26500
Major resistance in MCX Gold is 28600 and 29100
SILVER
For the next week MCX Silver sustains above 57200 then it can test the level of 58500/59800, 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.
CRUDE
For the next week traders can use sell on higher level strategy, if MCX Crude sustains below 4600 then below 4545 it can test the level of 4470/4390/4340 in this week. Trade by keeping the proper stop loss. For the coming week MCX Crude Oil major resistance is found at 4500 and 4680 and major supports will be 4200 and 4000.
COPPER
Copper is in a consolidation phase and traders should use the strategy of sell on higher levels. Next week MCX, Copper sustains below 382 then it can test the level of 377/372.5/366.6 if it does not break the level of 401 on the upside. For the upcoming week MCX Copper major resistance would be 415 and 425 and supports would be found at 375 and 355.
NATURAL GAS
Natural Gas is in a consolidation phase and traders should use the strategy of selling on higher levels. MCX, if Natural Gas sustains below 185 in the coming week then it can test the level of 180/176/172, if it does not break the level of 194 on the upside. For the upcoming week MCX Natural Gas major resistance would be 205 and 215, supports would be found at 165 and 155.
