Posted by : Niti Mathur
MCX GOLD SUPPORT & RESISTANCE FOR TODAY Major support in MCX Gold is 25777 and 25574 Major resistance in MCX Gold is 26301 and 26535
MCX Strategy for Today's Commodity Trading
For today traders can use sell on higher level strategy if Silver sustains below the level of 39300, and below 38160 it can further correct. Trade by keeping the proper stop losses.
Crude oil is bullish for today So traders can use buy on lower level strategy if MCX Crude sustain above the level of 6113 by keeping the proper stop loss.
For today 412 and 416 will act as major resistance and 404 and 400 will act as major supports. Its likely to say on which side copper will trend today due to its consolidate trend. We suggest to intraday traders to Sell Copper on higher levels today.
MCX India DATA
- Gold climbs to 1-week high on china inflation; fed minutes in focus.
- Copper dips as china inflation reinforces growth worries.
- Crude oil edges lower after imf cuts global growth forecast.
- Brazil bumps up record corn, soybean forecasts.