Commodities Levels: Gold, Silver, Copper,Crude

Gold prices  are holding 29850 support level, one can long with a stop loss below 29800 for the target at 30050.

GOLD LEVELS

R:-29970/30120

S:-29850/29780

Silver prices expected to witness a range bound move from  52800 to 53800, one can trade within the range with a positive bias.

SILVER LEVELS

R:- 53500/53970

S:-53150/52700

Crude prices are expected to trade higher to the tune of 5125. One can long around 5060 - 5050with a stop loss below 5025.

CRUDE LEVELS

R:- 5150/5207

S:-5025/4970

Copper prices are likely to trade within the range from 411 to 418, one can expect prices to test 417-418 on higher end.

COPPER LEVELS

R:- 417/421

S:-411/407

Continue reading →

Commodities Levels: Commodity Market Trend

Gold prices are  looking positive, one can buy mcx gold commodity on dips around 30050 we expected to trade higher to the tune of 30250 – 30300.
GOLD LEVELS
Resistance Level:-29930/30170
Support Level:-29710/29550

Silver prices have closed  at  higher end indicating  strength; one can expect buying interest in the counter. Prices are expected to test 55000 within 2-3 days.
SILVER LEVELS
Resistance Level:- 54100/54700
Support Level:-53700/53300

Crude prices are expected to trade within the range from 4940 to 5050 one can buy mcx crude commodity around 4950 -4940 with a stop loss below 4900.
CRUDE LEVELS
Resistance Level:- 5040/5150
Support Level:-4950/4870

Copper prices are likely to trade within the range from 415 to 425. One can buy copper commodity around 419 with a stop loss below 415.50.
COPPER LEVELS
Resistance Level:- 424/427
Support Level:-417/414

Continue reading →