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Wednesday, August 17, 2011

MCX Commodity Tips (Gold,Silver,Crude Oil,Copper) Today 17 August


Commodity Market News Updates Trend Levels (Gold, Silver, Crude, Copper, Natural Gas) (Wednesday 17 August):
The Multi Commodity Exchange (MCX), COMDEX started on a negative terrain after a rise of 0.63% yesterday. It traded higher by 15.05 points, at 3,470.07  in the morning after opening at 3,454.91.MCX METAL  traded upward by 18.66 points at 4,808.21 after opening at 4,789.26.

GOLD (October): Buy on Dips   Trend- Bullish
Res2 -26700   Res1- 26460  Sup1- 25900 Sup2-25640
SILVER (September): Buy on Dips   Trend- Consolidate 
Res2- 62400 Res1-60860 Sup1-58400  Sup2-57600
CRUDE OIL (August): Sell on Higher Levels   Trend -Bearish
Res2 -4030  Res1- 3980 Sup1-  3880 Sup2- 3820
 
NATURAL GAS (August): Sell on Higher Levels Trend- Bearish
Res2 -1910 Res1- 184  Sup1- 172 Sup2- 168

COPPER (August): Sell on Higher Levels   Trend -Bearish
Res2 -412  Res1- 407 Sup1-393  Sup2- 387

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