MCX Bullion Technical Chart Analysis Report and Learn How To Analysis
MARKET OVERVIEW Gold
COMEX Gold is in an upward phase. Last week COMEX Gold was sustaining at lower levels and closed near to its 2 week low. In the coming week 1460 $ will act as a major support in COMEX Gold. If COMEX Gold sustains below1520 $ an ounce then below 1500 $ an ounce it can touch the level of 1485$ an ounce and if COMEX Gold sustains above 1525$ then it can go slightly up and test the level of 1535$ an ounce.
Gold STRATEGY
For the next week traders can use sell on higher level strategy if COMEX Gold sustains below 1520 $ an ounce, then below 1500$ it can test the level of 1485$ an ounce and above 1525$ it can further move upward. Trade by keeping he strict stop losses. Read It Carefully For Your Benifits
Major support for COMEX Gold in the coming week is 1460$ and 1425$.
Major resistance for COMEX Gold in the coming week is 1560$ and 1590$
Major support in MCX Gold is 21900 and 21600
Major resistance in MCX Gold is 22500 and 22800
MARKET OVERVIEW Silver
COMEX Silver is technically weak on charts. Last week COMEX Silver was sustaining at lower levels and closed near to its week low. For the upcoming week 3230$ and 3020$ are the crucial supports and 3800$ and 4000$ are crucial resistance in COMEX Silver. In MCX Silver 56300 and 59000 will
act as major resistance and 49000 and 45500 will act as major supports.
STRATEGY Silver
STRATEGY Silver
Technically COMEX Silver is weak on charts. For the next week traders can use sell on higher level strategy if Silver sustains below the level of 3430$ an ounce, then below 3380$ an ounce it can go down and can test the level of 3300$
an ounce. Trade by keeping the proper stop losses.
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For Base Metals,Crude Oil and Natural Gas Read More
NYMEX Crude is in upward phase. Last week
Crude oil was sustaining at lower level for most part
of the week. For the coming week 88$ and 84.85$
will act as major supports and 98$ and 104.50$ a
barrel will be a major resistance in NYMEX Crude.
In MCX Crude Oil major resistance is found at 4600
and 4750 and major supports will be 3980 and
3740.
STRATEGY
For the next week traders can use buy on lower level strategy, if NYMEX Crude sustains above the level of 90 $ a
barrel then above 92.5$ it can slightly come up and touch the level of 94.1 $ a barrel and in MCX if Crude sustains
above 4000 then above 4170 it can touch the level of 4240.Trade by keeping the proper stop loss.
MARKET OVERVIEW
Copper is in a consolidation phase and traders
should use the strategy of buy on lower levels. Last
week COMEX Copper was sustaining at higher
level for most part of week. If next week COMEX
Copper sustains above the level of 415 then below
the level of 420 Copper can test the level of 430. In
MCX Copper sustains above 413 then above 415 it
can test the level of 425 if it does not break the level
of 397 on the downside.
STRATEGY
For the upcoming week 425 and 437 will act as major resistance and 390 and 380 will act as major supports in COMEX
Copper. For MCX Copper major resistance would be 415 and 425 and supports would be found at 396 and 385.
Crude oil was sustaining at lower level for most part
of the week. For the coming week 88$ and 84.85$
will act as major supports and 98$ and 104.50$ a
barrel will be a major resistance in NYMEX Crude.
In MCX Crude Oil major resistance is found at 4600
and 4750 and major supports will be 3980 and
3740.
STRATEGY
For the next week traders can use buy on lower level strategy, if NYMEX Crude sustains above the level of 90 $ a
barrel then above 92.5$ it can slightly come up and touch the level of 94.1 $ a barrel and in MCX if Crude sustains
above 4000 then above 4170 it can touch the level of 4240.Trade by keeping the proper stop loss.
MARKET OVERVIEW
Copper is in a consolidation phase and traders
should use the strategy of buy on lower levels. Last
week COMEX Copper was sustaining at higher
level for most part of week. If next week COMEX
Copper sustains above the level of 415 then below
the level of 420 Copper can test the level of 430. In
MCX Copper sustains above 413 then above 415 it
can test the level of 425 if it does not break the level
of 397 on the downside.
STRATEGY
For the upcoming week 425 and 437 will act as major resistance and 390 and 380 will act as major supports in COMEX
Copper. For MCX Copper major resistance would be 415 and 425 and supports would be found at 396 and 385.
MARKET OVERVIEW
Natural Gas is in a slightly downward phase and
Natural Gas is in a slightly downward phase and
traders should use the strategy of buying on lower
levels. Last week Natural Gas was consolidating
for most part of the week but on the last two days it
came down. If next week Natural Gas sustains
above the level of 4.200 $ then above the level of
4.330$ Natural Gas can test the level of 4.460 $ and
below 4.150 $ Natural Gas can slightly go down
and test the level of 4.050 $. In MCX, if Natural Gas
sustains above 194 in the coming week then it can
test the level of 200, if it does not break the level of
188 on the downside.
STRATEGY
For the upcoming week 4.100$ and 3.800$ will act as major supports and 4.480$ and 4.730$ will act as major
resistance in US Natural Gas. For MCX Natural Gas major resistance would be 201 and 207, supports would be found
at 188 and 182.
