MCX GOLD
For the next week traders can use sell on higher level strategy if MCX Gold below 29000 it can test the level of 28800/28600/28450. Trade by keeping the strict stop losses.
Major support in MCX Gold is 28600and 28000.
Major resistance in MCX Gold is 29500 and 30100.
MCX SILVER
MCX Silver 59000 and 62000 will act as major resistance and 54000 and 51500 will act as major supports. For the next week traders can use sell on higher level strategy if MCX Silver sustains below 56000 then it can test the level of 55100/54300/53500, trade by keeping the proper stop losses.
MCX COPPER
Copper is in a consolidation phase and traders should use the strategy of buy on lower levels. MCX, Copper sustains above 414 then it can test the level of 419/424/429 if it does not break the level of 404 on the downside. For the upcoming week MCX Copper major resistance would be 425 and 435 and supports would be found at 390and 378.
MCX CRUDE
NYMEX Crude is in consolidation phase. For the coming week MCX Crude Oil major resistance is found at 5260 and 5400 and major supports will be 4900 and 4700. For the next week traders can use sell on higher level strategy, if MCX Crude sustains below 5110 then below 5070 it can test the level of 5005/4950/4880 in this week. Trade by keeping the proper stop loss.
For the next week traders can use sell on higher level strategy if MCX Gold below 29000 it can test the level of 28800/28600/28450. Trade by keeping the strict stop losses.
Major support in MCX Gold is 28600and 28000.
Major resistance in MCX Gold is 29500 and 30100.
MCX SILVER
MCX Silver 59000 and 62000 will act as major resistance and 54000 and 51500 will act as major supports. For the next week traders can use sell on higher level strategy if MCX Silver sustains below 56000 then it can test the level of 55100/54300/53500, trade by keeping the proper stop losses.
MCX COPPER
Copper is in a consolidation phase and traders should use the strategy of buy on lower levels. MCX, Copper sustains above 414 then it can test the level of 419/424/429 if it does not break the level of 404 on the downside. For the upcoming week MCX Copper major resistance would be 425 and 435 and supports would be found at 390and 378.
MCX CRUDE
NYMEX Crude is in consolidation phase. For the coming week MCX Crude Oil major resistance is found at 5260 and 5400 and major supports will be 4900 and 4700. For the next week traders can use sell on higher level strategy, if MCX Crude sustains below 5110 then below 5070 it can test the level of 5005/4950/4880 in this week. Trade by keeping the proper stop loss.
