Bullion :
MCX Gold seems positive for the day. Support expected around 30680 & 30570; intraday resistance can be seen near 30880 & 30570. Day traders are advised to buy on dips.MCX Silver seems positive for the day. Support expected around 57800 & 57200; intraday resistance can be seen near 58600 & 59200. Day traders are advised to buy around 57800 with SL 57200, for the target of 58600 & 59200.
Base Metal:
MCX Copper seems positive for the day. Support expected around 443 & 440; intraday resistance can be seen near 448 & 451. Day traders are advised to buy around 443 with SL 440, for the target of 448 & 451.MCX Lead seems slightly positive for the day. Support expected around 128.90 & 127.70; intraday resistance can be seen near 130.60 & 131.80 Day traders are advised to buy around 128.90 with SL 127.70 , for the target of 130.60 & 131.80.
MCX Nickel seems slightly positive for the day. Support expected around 974, 965, intraday resistance can be seen near 992 & 1002.Day traders are advised to buy around 974 with SL 965, for the target of 992 & 1002.
MCX Aluminium seems slightly positive for the day. Support expected around 111.50, 110.40, intraday resistance can be seen near 113.10 & 114.20.Day traders are advised to buy around 111.50 with SL 110.40, for the target of 113.10 & 114.20.
Energy :
MCX Natural Gas seems negative the day. Support expected around 175 & 172 intraday resistance can be seen near 179 & 182. Day traders are advised to sell around 179 with SL 182 for the target of 175 & 172.MCX Crude oil seems slightly positive for the day. Support expected around 5140 & 5090; intraday resistance can be seen near 5190 & 5240. Day traders are advised to buy around 5140 with SL 5090, for the target of 5190 & 5240.
very useful content well written blog on commodity tips
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