MCX Gold (June):
For this week traders can use buy on lower level strategy if MCX Gold above 29200 it can test the level of 29350/29500/29650. Trade by keeping the strict stop losses.
Major support in MCX Gold is 27200 and 26400.
Major resistance in MCX Gold is 29600 and 30400.
MCX Silver (July):
For this week traders can use buy on lower level strategy if MCX, Silver sustains above 57200 then it can test the level of 58500/59100/59450, Trade by keeping the proper stop losses. In MCX Silver 58500 and 60500 will act as major resistance and 54400 and 52500 will act as major supports.
MCX Copper (May):
For this week traders can go for buy on lower level strategy in Copper. In MCX, Copper sustains above 436 then it can test the level of 451/458 if it does not break the level of 431 on the downside. For this week MCX Copper major resistance would be 455 and 470 and supports would be found at 425 and 410.
MCX Crude Oil (June):
For this week traders can use buy on lower strategy, if MCX Crude sustains above 5450 then above 5530 it can test the level of 5580/5630 in this week. Trade by keeping the proper stop loss. MCX Crude is in consolidation phase. For this week MCX Crude Oil major resistance is found at 5650 and 5770 and major supports will be 5250 and 5050.
MCX Natural Gas (June):
For this week MCX Natural Gas major resistance would be 125 and 134, supports would be found at 95 and 80.
For this week traders can use buy on lower level strategy if MCX Gold above 29200 it can test the level of 29350/29500/29650. Trade by keeping the strict stop losses.
Major support in MCX Gold is 27200 and 26400.
Major resistance in MCX Gold is 29600 and 30400.
MCX Silver (July):
For this week traders can use buy on lower level strategy if MCX, Silver sustains above 57200 then it can test the level of 58500/59100/59450, Trade by keeping the proper stop losses. In MCX Silver 58500 and 60500 will act as major resistance and 54400 and 52500 will act as major supports.
MCX Copper (May):
For this week traders can go for buy on lower level strategy in Copper. In MCX, Copper sustains above 436 then it can test the level of 451/458 if it does not break the level of 431 on the downside. For this week MCX Copper major resistance would be 455 and 470 and supports would be found at 425 and 410.
MCX Crude Oil (June):
For this week traders can use buy on lower strategy, if MCX Crude sustains above 5450 then above 5530 it can test the level of 5580/5630 in this week. Trade by keeping the proper stop loss. MCX Crude is in consolidation phase. For this week MCX Crude Oil major resistance is found at 5650 and 5770 and major supports will be 5250 and 5050.
MCX Natural Gas (June):
For this week MCX Natural Gas major resistance would be 125 and 134, supports would be found at 95 and 80.
