MCX Gold is in bullish trend and consolidating around higher levels. For current week 32,500 will act as a major resistance level and 31,180 will act as a major support level in MCX Gold Oct. futures. For this week traders can use buy on lower level strategy, if MCX Gold October futures sustains above 31,400 then it could test the levels 32,100 / 32,450 with strict SL of 31,200.
MCX Silver is also bullish on the charts and consolidating around higher levels. For current week 66,600 is the major resistance levels whereas 61,900 is major support in MCX Silver Dec. futures. For this week traders can use buy on lower level strategy, if Silver Dec. futures sustains above 64,850 then it could test the levels of 65,700/ 66,400.
Overall trend of MCX Copper futures is bullish but last week it was unable to sustain at higher levels and in last 2 days of the week, we saw profit booking in it. For this week 439 and 433 will act as major supports whereas 455 and 463 will act as major resistances in MCX Copper Nov. futures.
MCX Crude oil is in consolidation and looking weak on charts. For this week 4,890 and 4,775 will act as major supports levels whereas 5,160 & 5,295 will act as major resistance in MCX Crude oil October futures. For this week traders can sell on higher levels strategy. If MCX Crude oil October futures sustains below the level of 4,950 then it could test the level of 4,890/ 48,40.
0 comments:
Post a Comment