MCX GOLD
For the next week traders can use sell on higher level strategy if MCX Gold below 28000 it can test the level of 27700/27550. Trade by keeping the strict stop losses.
Major support in MCX Gold is 27500 and 26800.
Major resistance in MCX Gold is 28400 and 29100.
MCX SILVER
For the next week traders can use sell on lower level strategy if MCX Silver sustains below 56100 then it can test the level of 55400/54800/54300, Trade by keeping the proper stop losses.
For the upcoming week in MCX Silver 58000 and 60000 will act as major resistance and 54600 and 52400 will act as major supports.
MCX COPPER
For the next week one should go for buy on lower level strategy in Copper. In next week if MCX, Copper sustains above 420 then it can test the level of 424/428/432 if it does not break the level of 415 on the downside.
For the upcoming week MCX Copper major resistance would be 430 and 445 and supports would be found at 409 and 394.
MCX CRUDE OIL
NYMEX Crude is in consolidation phase. For the next week traders can use sell on higher level strategy, if MCX Crude sustains below 4800 then below 4700 it can test the level of 4620/ 4550 in this week. Trade by keeping the proper stop loss. For the coming week MCX Crude Oil major resistance is found at 4900 and 5200 and major supports will be 4600
and 4380.
MCX NATURAL GAS
For the upcoming week MCX Natural Gas major resistance would be 142 and 150, supports would be found at 116 and 105.
For the next week traders can use sell on higher level strategy if MCX Gold below 28000 it can test the level of 27700/27550. Trade by keeping the strict stop losses.
Major support in MCX Gold is 27500 and 26800.
Major resistance in MCX Gold is 28400 and 29100.
MCX SILVER
For the next week traders can use sell on lower level strategy if MCX Silver sustains below 56100 then it can test the level of 55400/54800/54300, Trade by keeping the proper stop losses.
For the upcoming week in MCX Silver 58000 and 60000 will act as major resistance and 54600 and 52400 will act as major supports.
MCX COPPER
For the next week one should go for buy on lower level strategy in Copper. In next week if MCX, Copper sustains above 420 then it can test the level of 424/428/432 if it does not break the level of 415 on the downside.
For the upcoming week MCX Copper major resistance would be 430 and 445 and supports would be found at 409 and 394.
MCX CRUDE OIL
NYMEX Crude is in consolidation phase. For the next week traders can use sell on higher level strategy, if MCX Crude sustains below 4800 then below 4700 it can test the level of 4620/ 4550 in this week. Trade by keeping the proper stop loss. For the coming week MCX Crude Oil major resistance is found at 4900 and 5200 and major supports will be 4600
and 4380.
MCX NATURAL GAS
For the upcoming week MCX Natural Gas major resistance would be 142 and 150, supports would be found at 116 and 105.
