MCX GOLD
For the next week traders can use buy on lower level strategy if MCX Gold above 28000 it can test the level of 28150/28300. Trade by keeping the strict stop losses.
Major support in MCX Gold is 25500 and 24000
Major resistance in MCX Gold is 28700 and 29500
MCX SILVER
For the next week traders can use buy on lower level strategy if MCX Silver sustains above 54000 then it can test the level of 54500/55200/56000, Trade by keeping the proper stop losses. For the upcoming week MCX Silver 56000 and 58000 will act as major resistance and 48000 and 45000 will act as major supports.
MCX COPPER
Copper is in a consolidation phase and traders should use the strategy of buy on lower levels. For the upcoming week MCX Copper major resistance would be 425 and 440 and supports would be found at 390 and 375.
MCX CRUDE OIL
For the next week traders can use buy on lower level strategy, if MCX Crude sustains above 5370 then above 5430 it can test the level of 5480/5530 in this week. Trade by keeping the proper stop loss. For the coming week MCX Crude Oil major resistance is found at 5400 and 5600 and major supports will be 4900 and 4600.
For the next week traders can use buy on lower level strategy if MCX Gold above 28000 it can test the level of 28150/28300. Trade by keeping the strict stop losses.
Major support in MCX Gold is 25500 and 24000
Major resistance in MCX Gold is 28700 and 29500
MCX SILVER
For the next week traders can use buy on lower level strategy if MCX Silver sustains above 54000 then it can test the level of 54500/55200/56000, Trade by keeping the proper stop losses. For the upcoming week MCX Silver 56000 and 58000 will act as major resistance and 48000 and 45000 will act as major supports.
MCX COPPER
Copper is in a consolidation phase and traders should use the strategy of buy on lower levels. For the upcoming week MCX Copper major resistance would be 425 and 440 and supports would be found at 390 and 375.
MCX CRUDE OIL
For the next week traders can use buy on lower level strategy, if MCX Crude sustains above 5370 then above 5430 it can test the level of 5480/5530 in this week. Trade by keeping the proper stop loss. For the coming week MCX Crude Oil major resistance is found at 5400 and 5600 and major supports will be 4900 and 4600.
