Wednesday 17 September 2014

Crude oil and copper calls update , mcx gold resistance level on 17 September


mcx crude oil slightly down after touch 5795 upside ,
support of crude oil at 5750 ,5700 and resistance level at 5838 and 5877
as trend on crude sell below 5750 and buy above 5810
base metal copper trend and tips :
mcx copper made high 429.75 today , support level for copper at 427.50 then 424 and Resistance level at 435 then 439
sell below 427.50 and buy above 430.50 .
mcx gold level and trend :
gold silver sustain below 27000 and 41500 today, mcx gold look bearish trend if break 26850 then keep short position target will be 26500,26350 , resistance level for gold at 27050 then 27189
because FOMC meeting result will come till Nigh so that Effect seen on gold silver tomorrow.

8 comments:

  1. Looking the today's market, Epic Research says that it is good to SELL GOLD OCT 3 LOTS BELOW 26710 TARGET 26635 26535 SL 26800.

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  3. stock market flat on weekend ,good recovery on this week nifty above 8100 as well sensex 27000
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  4. GOLD (3 OCT.) TREND: BEARISH
    RES 1: 26750
    RES 2: 26900
    SUPP 1: 26450
    SUPP 2: 26300
    STRATEGY: SELL ON HIGH
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