MCX Commodity Tips - Weekly Report (GOld, Silver, Copper, Crude)
Monday, February 13, 2012
MCX Gold
For this week traders can use buy on lower level strategy if MCX Gold above 28420 it can test the level of 28550/28690. Trade by keeping the strict stop losses.
Major support in MCX Gold is 26500 and 25000.
Major resistance in MCX Gold is 28700 and 29500.
MCX Silver
For this week traders can use sell on higher level strategy if MCX Silver sustains below 56800 then it can test the level of 56000/55300/54500, Trade by keeping the proper stop losses. For this week MCX Silver 58000 and 60500 will act as major resistance and 54000 and 51500 will act as major supports.
MCX Copper
For this week traders can go for buy on lower level strategy in Copper. In MCX, Copper sustains above 425 then it can test the level of 429/435/439 if it does not break the level of 415 on the downside. For this week MCX Copper major resistance would be 430 and 445 and supports would be found at 409 and 394.
MCX Crude Oil
For this week traders can use buy on lower level strategy, if MCX Crude
sustains above 4930 then above 4960 it can test the level of 5010/5070 in this week. Trade by keeping the proper stop loss. For this week MCX Crude Oil major resistance is found at 5300 and 5550 and
major supports will be 4700 and 4500.
MCX Natural Gas
For this week MCX Natural Gas major resistance would be 145 and 155, supports would be found at 115 and 105.
For this week traders can use buy on lower level strategy if MCX Gold above 28420 it can test the level of 28550/28690. Trade by keeping the strict stop losses.
Major support in MCX Gold is 26500 and 25000.
Major resistance in MCX Gold is 28700 and 29500.
MCX Silver
For this week traders can use sell on higher level strategy if MCX Silver sustains below 56800 then it can test the level of 56000/55300/54500, Trade by keeping the proper stop losses. For this week MCX Silver 58000 and 60500 will act as major resistance and 54000 and 51500 will act as major supports.
MCX Copper
For this week traders can go for buy on lower level strategy in Copper. In MCX, Copper sustains above 425 then it can test the level of 429/435/439 if it does not break the level of 415 on the downside. For this week MCX Copper major resistance would be 430 and 445 and supports would be found at 409 and 394.
MCX Crude Oil
For this week traders can use buy on lower level strategy, if MCX Crude
sustains above 4930 then above 4960 it can test the level of 5010/5070 in this week. Trade by keeping the proper stop loss. For this week MCX Crude Oil major resistance is found at 5300 and 5550 and
major supports will be 4700 and 4500.
MCX Natural Gas
For this week MCX Natural Gas major resistance would be 145 and 155, supports would be found at 115 and 105.
