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MCX Gold Tips
In MCX gold June- the daily price chart suggest that prices have reversed after taking resistance at 28900 levels. RSI is in a sell mode and prices are trading below short term averages. We recommend a sell around 27800 levels with a stop loss placed above 28400 levels for a target of 27100 levels.
MCX Silver Tips
In MCX Silver May- the daily price chart suggest that prices have reversed after taking resistance at 58000 levels. Stochastic has given a negative crossover and prices are trading below short term averages. We recommend a buy above 56800 levels with a stop loss placed above 56200 levels for a target of 57500 levels.
MCX Crude Tips
In MCX Crude April- the daily price chart suggest that prices have given a breakdown from a rising channel. RSI has given a negative crossover and prices are trading below short term averages. Immediate support is at 5235 levels. We recommend a sell below 5235 levels with a stop loss placed above 5320 levels for a target of 5020.
MCX Copper Tips
In MCX Copper April- the daily price chart suggest that prices are taking support on the bottom to bottom rising trend line. Stochastic has given a positive crossover and prices are trading above short term averages. Immediate resistance is at 434 levels. We recommend a buy above 434 levels with a stop loss placed below 429 levels for a target of 440 levels.
