MCX Gold (December): Positive short-term momentum favors a corrective rise towards 12905 or 12954. It needs to cross above 13018 to attract more buying.Favoured view suggests that price could stay below 12954 and starts falling towards 11950.S1: 12500 S2:12438 R1: 12645 R2: 12715
MCX Silver December: Resistance at 18205/18241 levels now. Direct rise above 18425 will bolster hopes for a pullback towards 20533 levels.However, favored view expects resistance at 18333/18425 to cap for a decline towards 16408/16500.S1:17120 S2:16850 R1:17550 R2:17800
MCX Copper November :- Range trade between 225 to 249 in progress. Favored view expects a pullback towards 264/267or even higher as long as the downside range at 225-227 holds.S1: 237 S2: 232 R1: 246 R2:251
MCX Crude Oil November : Upside attempts could be capped near 3688/3714 for next decline towards 3240/3265. It has to rise above 3728to prove this expectation wrong as such a rise could attempt to cross above 3765 and go for 3837 plus.S1:3545 S2:3485 R1:3665 R2:3715
MCX Zinc Oct: As long as 58.2 levels support, expect corrective rallies to 62.0 or even 63.7 levels.Fall below 58.0 would confirm resumption of the bearish trend. S1: 58.0 S2: 56.85 R1: 61.0 R2: 62.35
MCX Nickel Oct: Expect corrective rallies to test 571 or even 595 levels as long as 525-515 levels support .However a fall below 510 would hint at further weakness in prices.S1: 518 S2: 503 R1: 550 R2: 572
MCX Lead Oct: Expect corrective rallies to test 72.6 or even 75.4 levels as long as 68.0 levels support . Fall below 67.3 would lead to further decline.S1: 69.0 S2: 68.10 R1: 71.95 R2: 73.20
MCX Natural Gas Oct: As long as 329-325 levels hold support expect prices to rally towards 349 or even 366 levels .Fall below 325 to dent our bullish expectations. S1: 327 S2: 321 R1:341 R2: 349
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment