Commodity Tips

GOLD – AUGUST -
MCX Gold June agreement a week ago originally created a low of 29525 but due to powerful international que it created a return and lastly created a high of 30236 and handled to close above 30152 showing the pattern to continue on good side. Out long-term focus on 33100.


SILVER – JULY -
MCX Silver July - made a high of 53635 and was incapable to keep at advanced stage and lastly split down the significant assistance stage of 54700 and dramatically towards 53941 and lastly shut at 54544. Overall pattern is good and lower stage, try to obtain instead of short promoting. Higher-level last and last level of resistance. thereafter buy in open amount and play for target on 60000-64000.

COPPER – JUNE -
MCX Copper June ongoing dealing variety but on Friday it split out the dealing range and was able to close above 414 with reasonable amount and included open interest showing short-term pattern up-move from down tendency. In this week, consider support 407-411 and decrease to buy side... level of resistance 425-431-442.

CRUDE – JULY -
MCX Crude July ongoing displaying some promoting stress at advanced stage once it split down significant support level of 5100; however, some assistance was seen at lower level and was able to shut above 4800 displaying access in over marketed area for the time being, and dip to purchasing chance with limited stop-loss. In this week, consider level of resistance at 4740-4900 and support at 4640-4610 in near-term.

NICKEL  - JUNE -
MCX Nickel June the other day created a low of 923 and ongoing purchasing interest was seen from the level of 860 and lastly created a high of 864, which is a powerful level of resistance and was incapable to shut above. In this weeks time, consider assistance at 931-921 and level of resistance at 964... thereafter overall purchasing and short press cannot be dominated out.