Buy MCX Gold February Between 27450-27400, SL-27200, Target -27800/28025.
Buy MCX Silver March Between 54500-54400, SL-53400, Target -56050/56700.
Sell MCX Crude February between 5030-5050, SL-5155, Target -4830/4780
MCX Copper February as seen in the weekly chart above has initially moved sharply higher, but found good
Resistance at 426.60 levels. Later prices corrected sharply towards 416.50 levels and finally closed marginally higher.
For the next week we expect Copper prices to find support at 413-411 levels. Trading consistently below 411 can trigger a sharp fall initially towards 407 levels, and then finally towards the Major support at 401levels.
Resistance is now observed at 424-426 levels. Trading consistently above 427 levels would renew the rally initially towards 432 levels, and then finally towards 442 levels
Buy MCX Silver March Between 54500-54400, SL-53400, Target -56050/56700.
Sell MCX Crude February between 5030-5050, SL-5155, Target -4830/4780
MCX Copper February as seen in the weekly chart above has initially moved sharply higher, but found good
Resistance at 426.60 levels. Later prices corrected sharply towards 416.50 levels and finally closed marginally higher.
For the next week we expect Copper prices to find support at 413-411 levels. Trading consistently below 411 can trigger a sharp fall initially towards 407 levels, and then finally towards the Major support at 401levels.
Resistance is now observed at 424-426 levels. Trading consistently above 427 levels would renew the rally initially towards 432 levels, and then finally towards 442 levels
