SILVER - May
MCX Silver Looks good and decline to buying opportunity. As already closed of 60000 mark in May series and continuously sustained above 60000, bears will square short and bulls may likely long. We may consider support 59100-58400 as long as hold bull move continues.
GOLD - April
Overall trend of MCX Gold is side ways... But any decline to buying opportunity. Last week it gained almost 800 points from the low of 28110, hence some consolidation. Possibilities of further up-move likely in coming days... hold long position.
CRUDE - MARCH
Overall trend of MCX Crude is very bullish... and as long as holds 5400 mark, no problem for bulls, decline to buying opportunity and hold existing long.
NICKEL - MARCH
MCX Nickel As mentioned last week - 1025 is a major hurdle... Downside support 960 close to watch out.
NATURAL GAS - MARCH
MCX Natural Gas - Some support at lower level... considering 131-124-121... Continues to trade above 140 looks positive bias and more upside. Time being do not hold short.
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MCX Silver Looks good and decline to buying opportunity. As already closed of 60000 mark in May series and continuously sustained above 60000, bears will square short and bulls may likely long. We may consider support 59100-58400 as long as hold bull move continues.
GOLD - April
Overall trend of MCX Gold is side ways... But any decline to buying opportunity. Last week it gained almost 800 points from the low of 28110, hence some consolidation. Possibilities of further up-move likely in coming days... hold long position.
CRUDE - MARCH
Overall trend of MCX Crude is very bullish... and as long as holds 5400 mark, no problem for bulls, decline to buying opportunity and hold existing long.
NICKEL - MARCH
MCX Nickel As mentioned last week - 1025 is a major hurdle... Downside support 960 close to watch out.
NATURAL GAS - MARCH
MCX Natural Gas - Some support at lower level... considering 131-124-121... Continues to trade above 140 looks positive bias and more upside. Time being do not hold short.
For more commodity tips and trends fill our mcx free trial form.
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