MCX GOLD
For the next week traders can use sell on higher level strategy if MCX Gold below 28200 it can test the level of 28000/27800/27600. Trade by keeping the strict stop losses.
Major support in MCX Gold is 28000and 27100
MCX SILVER
For the upcoming week MCX Silver, 59000 and 62000 will act as major resistance and 52000 and 48000 will act as major supports.
MCX 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 375 then it can test the level of 370/364/359 if it does not break the level of 385 on the upside. For the upcoming week MCX Copper major resistance would be 415 and 425 and supports would be found at 355and 340.
For the next week traders can use sell on higher level strategy if MCX Gold below 28200 it can test the level of 28000/27800/27600. Trade by keeping the strict stop losses.
Major support in MCX Gold is 28000and 27100
MCX SILVER
For the upcoming week MCX Silver, 59000 and 62000 will act as major resistance and 52000 and 48000 will act as major supports.
MCX 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 375 then it can test the level of 370/364/359 if it does not break the level of 385 on the upside. For the upcoming week MCX Copper major resistance would be 415 and 425 and supports would be found at 355and 340.
MCX CRUDE
MCX Crude Oil major resistance is found at 5200 and 5400 and major supports will be 4600 and 4350. For the next week traders can use sell on higher level strategy, if MCX Crude sustains below 5000 then below 4970 it can test the level of 4910/4860/4810 in this week.
MCX NATURAL GAS
Natural Gas is in a consolidation phase and traders should use the strategy of buy on lower levels. For the upcoming week MCX Natural Gas major resistance would be 205 and 215, supports would be found at 165 and 155.
