MCX Commodity Report For Today : Gold, Silver, copper, Crude

Commodity Levels

MCX GOLD COMMODITY:
Today Gold prices are witnessing a range bound from 29100 to 29500, one can trade with gold commodity
within the range. Expected levels for today's Gold Commodity should be

Gold Resistance Levels -29170/29298
Gold Support Levels -28930/28750



MCX SILVER COMMODITY:
Silver prices are likely to trade positive in today's commodity market and witness 53300 – 54450 on higher end. One can trade within the range today with silver commodity. Expected silver levels should be 

Silver Resistance Levels -54700/55250
Silver Support Levels -53700/53300


MCX COPPER COMMODITY
Copper prices could witness selling pressure in today's commodity market if it sustains below the upward sloping trend line at 422.50 to the tune of 418  -417. A breach below 417 should confirm the momentum to continue bearish. We can expect the following levels for copper commodity

Copper Resistance Levels -421/424
 Copper Support Levels -417/412

MCX CRUDE COMMODITY
Crude  prices  have given a break down, one can sell crude commodity around  4890  -4900 for the target at 4780 -4750. Oscillators  are in over sold zone hence aggressive selling not advised for today's crude commodity. Levels for crude should be followed for today are

Crude Resistance Levels -4930/4970
Crude Support Levels -4845/4750

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Gold, Silver, Crude, Copper commodity Levels

Gold prices are likely to head lower to the tune of 28450 – 28500. One can sell on rise around  28700  -28750  with a stop loss above  28850.oscillators are  in turning down.
GOLD LEVEL
R-28760/28870
S-28600/28420

Silver prices are expected to trade lower and test 54400. Oscillators are in over sold zone hence aggressive selling not advised.
SILVER LEVEL
R-55270/55780
S-54800/54100

Copper prices have failed to cross 443 on higher end indicating lack of buying interest, one can witness selling pressure if  sustains below 434. Oscillators indicating flat to down move.
COPPER LEVEL
R-439/442
S-434/431

Crude  prices  are  expected to  test 5225  – 5235 on higher end.Oscillators are in over sold zone and hence a bounce cannot be ruled out.
CRUDE LEVEL
R-5187/5270
S-5125/5056

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