Monday mcx commodity market showing both up and down trend, the precious metals are working in a negative side while the base metals are working in a positive side. Their is no so much of movements seen in the price of the commodities.
The yellow metal down by 45 points to Rs. 32989 and a sudden change occur in white metal where gain 407 points at 53619 from the downward direction. The support and resistance level for gold and silver are
GOLD R1 : 33082.3 R2 : 33159.7 S1 : 32895.7 S2 : 32818.3
SILVER R1 : 53553.6 R2 : 53837.2 S1 : 52870.4 S2 : 52586.8
The base metals are fluctuating for the future delivery, the nickel and copper showing opposite trend of each other as one is going up and other one is down. Cotton gain 0.3.8% while nickel loss 0.29% in morning trade. The cotton is used to moving very fast and changing its direction smoothly.
Gold Sell Target 32610, 32580, 32560 Stop Loss 32700
Crude oil Sell Target 7045, 7035, 7015 Stop Loss 7085
The yellow metal down by 45 points to Rs. 32989 and a sudden change occur in white metal where gain 407 points at 53619 from the downward direction. The support and resistance level for gold and silver are
GOLD R1 : 33082.3 R2 : 33159.7 S1 : 32895.7 S2 : 32818.3
SILVER R1 : 53553.6 R2 : 53837.2 S1 : 52870.4 S2 : 52586.8
The base metals are fluctuating for the future delivery, the nickel and copper showing opposite trend of each other as one is going up and other one is down. Cotton gain 0.3.8% while nickel loss 0.29% in morning trade. The cotton is used to moving very fast and changing its direction smoothly. Gold Sell Target 32610, 32580, 32560 Stop Loss 32700
Crude oil Sell Target 7045, 7035, 7015 Stop Loss 7085
