MCX Gold Tips
For this week we expect gold prices to find Support at 29970-29930 levels and further below strong support is seen at 29700-29650 levels and below that 29555-29254. Resistance is now seen at 30400-30430 levels and then strong resistance is seen at 30690-30720 levels. Trading consistently above 30730 levels would trigger a sharp rally initially towards 31030 then 31400 and then finally towards the Major resistance at 31800 levels.
MCX Copper Tips
For this week we expect Copper prices to find support at 414-413 levels. Trading consistently below 413 would lead towards the strong support at 408-400 levels. Resistance is now observed in the range of 422.40-423.70 levels. Trading consistently above 424 levels would extend the current up move initially towards 429 then 440 and then finally towards the major resistance at 449 levels.
MCX Crude Tips
For this week we expect Crude prices to find support at 4665-4645 levels. Trading consistently below 4645 levels would trigger correction initially towards 4616 levels, then 4560, and then finally towards the major support at 4517 levels. Resistance is now observed at 4810-4830 levels. Trading consistently above 4830 levels would trigger a sharp rally initially towards 4911 levels, then 4954 and then finally towards the Major resistance at 5096 levels.
