Monday, August 29, 2011

MCX copper trend and mcx trading strategies

MCX commodity weekly strategies:
Gold:
For the next week traders can use buy on lower level. If Gold above 28000 it can test the level of 28400.Trade by keeping the strict stop losses. Major support in MCX Gold is 25500 and 24700 Major resistance in MCX Gold is 28400 and 28900.
Silver:
MCX Silver sustains above 60800 above it can test the level of 65000/66000/67000 and above 67800 it can test the level of 69000/70500. Trade by keeping the proper stop losses.
Crude Oil:
For the next week traders can use buy on lower level strategy, MCX if Crude sustains below 3800
then above 4060 it can test the level of 4130/4190in this week. Trade by keeping the proper stop loss.
Copper:
Copper is in a consolidation phase and traders should use the strategy of buy on lower levels.
MCX Copper major resistance would be 425 and 435 and supports would be found at 400and 385.

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