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Saturday, August 20, 2011

MCX Bullion weekly Technical Report 22 Aug To 27 Aug 2011

MCX Gold, Silver , Copper and Crude Oil Daily Free Tips and Live News on your mobile 
Gold Technical Report
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1800 $ an ounce, then above 1880$ it can test the level of 1905$ an ounce and above 1912$ it can further move upward. And in MCX Gold
above 27100 it can test the level of 28500.Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1800$ and 1740$.
Major resistance for COMEX Gold in the coming week is 1900$ and 1930$
Major support in MCX Gold is 26400 and 25200
Major resistance in MCX Gold is 28100 and 29050
MCX Silver Report
Technically COMEX Silver is bullish on charts. For the next week traders can use sell on higher level strategy if Silver sustains below the level of 4350$ an ounce, then below 4150$ COMEX Silver can test the level of 4060/4002/ 3950$
an ounce and above 4350$ it can move slightly upwards and test the level of 4420/4460$ an ounce. And in MCX Silver sustains below 67800 below it can test the level of 64800/62800/61000 and above 67800 it can test the level of
69000/70500. Trade by keeping the proper stop losses.
Copper Report
For the upcoming week 421 and 436 will act as major resistance and 380 and 360 will act as major supports in COMEX Copper. For MCX Copper major resistance would be 417 and 433 and supports would be found at 385and 375.
Crude Oil Trading Tips and Report For The Week
For the next week traders can use sell on higher level strategy, if NYMEX Crude sustains below the level of 80 $ a barrel then can slightly come down and touch the level of 71 $ a barrel and in MCX if Crude sustains below 3900 then
below 3650 it can test the level of 3550/3500/3400 in this week. Trade by keeping the proper stop loss.
 
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