Tuesday, September 13, 2011

MCX GOLD,SILVER,CRUDE SUPPORT & RESISTANCE FOR NEXT WEEK

MCX GOLD SUPPORT & RESISTANCE FOR NEXT WEEK

Major support in MCX Gold is 17900 and 17350.Major resistance in MCX Gold is 18900 and 19300
 
SILVER

For the next week traders can use sell on higher level strategy if,Silver sustains below the level of 1880$/1850$ an ounce, and below 1700$ an ounce it can further correct. Trade by keeping the
proper stop losses.

CRUDE


For the next week traders can use buy on lower level strategy if NYMEX Crude sustain above the level of 80$ a barrel by keeping the proper stop loss.

COPPER

For the upcoming week 336 and 356 will act as major resistanceand 293 and 272 will act as major supports. For MCX Copper major resistance would be 349 and 359 and supports would be found at 306 and 284.