MCX Commodity Outlook
Gold Dec is looking strong. In near term Gold Dec is expected to continue with its bounce back rally and could test 31500 resistance levels. On downside 31250 is initial support level. Today's Trend - Positive. Strategy buy on dips.
Silver Dec is looking strong. In near term Silver Dec is expected to continue with its bounce back rally and could test 61000 resistance levels. On downside 60500 is initial support level. Today's Trend - Positive. Strategy buy on dips.
Yesterday Copper Nov was successful to close above 442.50 resistance level. If Copper Nov is able to sustain above 442.50 level then it could test 450 levels in coming days.On downside Copper Nov has initial support at 442 followed by support at 439. Today's Trend - Positive. Strategy buy on dips.
Lead Oct looks strong as compare to other metals. Lead Oct now has resistance near 117 levels and support near 114 levels. Today's Trend - Positive Strategy Buy on dips.
Nickel Oct after yesterday's move is looking strong however it has stiff resistance near 928 level. If Nickel Oct close above 928 levels then 940 would be level to watch. On downside 912 is good support level for Nickel Oct. Today's Trend - Positive. Strategy buy on dips.
Zinc Oct yesterday saw bounce back rally however upside was limited. On upside Zinc Oct has stiff resistance level at 102.50 level. If Zinc Oct is able to close above 102.50 then next level to watch out would be 105. Today's Trend - Could be pull back rally.
Free commodity Tips today
BUY MCX NATURAL GAS OCT @ CMP 192 S/L AT 189 TGT 196 - 198.20
