MCX Gold (December): Favoured view expects a decline towards 12382 or even 12055. Corrective up ticks could be capped near 12953/13091 area.. It needs to rise past 13300 to change this bearish outlook. There are no signs as of now that suggest that price could rise past 13300.S1: 12785 S2: 12715 R1:12895 R2:12955.
MCX Silver December: Favoured view expects a decline towards 17401 or 17102 while resistance near 19645/20008 would cap bullish reactionsIt needs to rise past 20074 to give up this bearish expectation as the price could start strengthening towards 20423 or 21004 then.S1: 18900 S2:18650 R1:19220 R2: 19500
MCX Crude Oil October: Structure shows a potential for a fall towards 4253 or 4220. Resistance points near 4352 & 4400. It has to rise past 4423 to cause doubts about this bearish view as such a rise could lead it higher towards 4511. Bullish divergence in hourly oscillators suggests that there could a rise initially while above 4300.S1: 4376 S2:4324 R1:4465 R2:4500
MCX Copper November :- Minor bottoming signs at 265.0 levels our anticipated long-term target. We can expect a pullback towards 286.6/287.6 levels or even higher towards 300.3. However, fall below 268.7 could open the downside again towards 250.7/252.9 levels.S1: 273.5 S2: 268.3 R1: 281.6 R2: 285.4
MCX Zinc Oct: As long as 73.8-73.2 levels support , expect corrective rallies towards 76.7-78.0 levels . However a fall below 73.0 would negate this bullish view. S1: 73.8 S2: 72.6 R1:76.15 R2: 77.25
MCX Lead Oct: As long as 79.8-79.0 levels support , expect prices to stay firm and test resistance levels at 82.7 or even 84.0 levels from hereA fall below 79.5 would negate this bullish view.S1: 80.3 S2: 79.15 R1: 82.65 R2: 83.85
MCX Nickel Oct: As long as 710-715 levels support , expect corrective rallies towards 745-755 levels .However a fall below 710 would negate this bullish view.S1: 715 S2: 703 R1: 738 R2: 752
MCX Natural Gas Oct: Structure looks and bearish and set to touch 336 or even 322 levels as long as 361-369 levels resist.A rise above 370 would negate this bearish view.S1: 338 S:330 R1:354 R2: 363
No comments:
Post a Comment