GOLD
For the next week traders can use sell on higher level strategy if MCX Gold below 28400 it can test the level of 28200/28010/27800. Trade by keeping the strict stop losses.
Major support in MCX Gold is 28000and 27100.
SILVER
MCX Silver, 62000 and 65000 will act as major resistance and 52000 and 48000 will act as major supports. For the next week traders can use sell on higher level strategy if MCX Silver sustains below54500 then it can test the level of 53000/52000/51000, Trade by keeping the proper stop losses.
CRUDE
For the coming week 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 if Crude sustains below 4940 then below 4890 it can test the level of 4830/4770/4720 in this week. Trade by keeping the proper stop loss.
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 395 then it can test the level of 399/404/409 if it does not break the level of 385 on the downside. For the upcoming week MCX Copper major resistance would be 415 and 425 and supports would be found at 375and 355.
NATURAL GAS
Natural Gas is in a consolidation phase and traders should use the strategy of selling on higher levels. For next week MCX Natural Gas sustains below 170 in the coming week then it can test the level of 167/162/158, if it does not break the level of 178 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 28400 it can test the level of 28200/28010/27800. Trade by keeping the strict stop losses.
Major support in MCX Gold is 28000and 27100.
SILVER
MCX Silver, 62000 and 65000 will act as major resistance and 52000 and 48000 will act as major supports. For the next week traders can use sell on higher level strategy if MCX Silver sustains below54500 then it can test the level of 53000/52000/51000, Trade by keeping the proper stop losses.
CRUDE
For the coming week 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 if Crude sustains below 4940 then below 4890 it can test the level of 4830/4770/4720 in this week. Trade by keeping the proper stop loss.
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 395 then it can test the level of 399/404/409 if it does not break the level of 385 on the downside. For the upcoming week MCX Copper major resistance would be 415 and 425 and supports would be found at 375and 355.
NATURAL GAS
Natural Gas is in a consolidation phase and traders should use the strategy of selling on higher levels. For next week MCX Natural Gas sustains below 170 in the coming week then it can test the level of 167/162/158, if it does not break the level of 178 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.
