MCX Gold (June):
For this week traders can use sell on higher level strategy if MCX Gold below 27900 it can test the level of 27800/27710/27610. Trade by keeping the strict stop losses.
Major support in MCX Gold is 27100 and 26400
Major resistance in MCX Gold is 28700 and 29300
MCX Silver (May):
For this week MCX Silver 59500 and 61500 will act as major resistance and 54500 and 52500 will act as major supports. MCX Silver sustains below 55500 then it can test the level of 54900/54400/53900, Trade by keeping the proper stop losses.
MCX Copper (May):
For this week traders can go for sell on higher level strategy in Copper. MCX, Copper sustains below 429 then it can test the level of 425/421/418 if it does not break the level of 435 on the upside. For this week MCX Copper major resistance would be 445 and 465 and supports would be found at 415 and 400.
MCX Crude Oil (May):
For this week MCX Crude Oil major resistance is found at 5500 and 5650 and
major supports will be 5080 and 4900. For this week traders can use buy on lower level strategy, if MCX Crude sustains above 5280 then above 5330 it can test the level of 5385/5450 in this week. Trade by keeping the proper stop loss.
MCX Natural Gas (May):
For this week MCX Natural Gas major resistance would be 145 and 155, supports would be found at 105 and 95.
For this week traders can use sell on higher level strategy if MCX Gold below 27900 it can test the level of 27800/27710/27610. Trade by keeping the strict stop losses.
Major support in MCX Gold is 27100 and 26400
Major resistance in MCX Gold is 28700 and 29300
MCX Silver (May):
For this week MCX Silver 59500 and 61500 will act as major resistance and 54500 and 52500 will act as major supports. MCX Silver sustains below 55500 then it can test the level of 54900/54400/53900, Trade by keeping the proper stop losses.
MCX Copper (May):
For this week traders can go for sell on higher level strategy in Copper. MCX, Copper sustains below 429 then it can test the level of 425/421/418 if it does not break the level of 435 on the upside. For this week MCX Copper major resistance would be 445 and 465 and supports would be found at 415 and 400.
MCX Crude Oil (May):
For this week MCX Crude Oil major resistance is found at 5500 and 5650 and
major supports will be 5080 and 4900. For this week traders can use buy on lower level strategy, if MCX Crude sustains above 5280 then above 5330 it can test the level of 5385/5450 in this week. Trade by keeping the proper stop loss.
MCX Natural Gas (May):
For this week MCX Natural Gas major resistance would be 145 and 155, supports would be found at 105 and 95.
