MCX CRUDE :: Prices could attempt 4463 / 4473. It has to push above 4480 to stay bullish for
further advance towards 4517 or even 4555. Supports are at 4380 & 4330. Fall below 4320 is
needed to revive scope for further declines. Short-term view is bullish. The big picture is bearish
for a fall towards minimum 4102 and this rally would be treated as a corrective rally. Rise above
4592 could cause doubts about the bearish view.
Support: 4250, (4208 bearish), 4180, 4136.
Resistance: 4317, (4360 bullish), 4404, 4440.
MCX GOLD :: As long as 11871 / 11900 resist expect a move lower towards 11485 followed by
11405, however break above 11905 could see 11975 followed by 12020 levels.
Support: 11704, (11675 bearish), 11635, and 11585.
Resistance: 11790, 11828, (11865 bullish), 11907.
MCX SILVER :: As long as 18505 / 18585 resist expect a fall lower towards 17110 followed by 16605, however break above 18870 would negate this bearish view.
Support: 17790, (17660 bearish), 17450, 17210.
Resistance: 17999, 18160, (18375 bullish), 18605.
MCX COPPER :: Expect any corrective rallies to find resistance in the region of 324.70 / 326.80
for a lower towards 308.40 followed by 303 levels, however break above 331 would turn the
picture bullish.
Support: 314.50, (311.85 bearish), 309.95, 307.70.
Resistance: 319.65, 322, (324.80 bullish), 326.70.
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