MCX Gold February
Gold prices continue to stay in a sideways consolidation mode in the range of 27,000-28,000 levels.
Major support in MCX Gold is 25500 and 24000
Major resistance in MCX Gold is 28700 and 29500
MCX Silver March
Silver prices continue to stay in a sideways consolidation mode in the range of 52,700-54,300 levels. For this week MCX Silver 57000 and 59000 will act as major resistance and 51500 and 49500 will act as major supports.
MCX Crude Oil December
Crude oil prices are taking resistance at 5,310 levels. If prices close below 5,260 levels we expect prices to correct up to levels of 5,100. For this week MCX Crude Oil major resistance is found at 5400 and 5600 and major supports will be 4900 and 4600.
MCX Natural Gas December
Natural gas prices continue to stay in a sideways consolidation mode in the range of 162-170 levels. For this week MCX Natural Gas major resistance would be 195 and 205, supports would be found at 155 and 143.
MCX Copper February
Copper prices are trading close to its resistance level of 407. If prices close above 407 we expect prices to go up to levels of 415. For this week MCX Copper major resistance would be 420 and 430 and supports would be found at 390 and 375.
Gold prices continue to stay in a sideways consolidation mode in the range of 27,000-28,000 levels.
Major support in MCX Gold is 25500 and 24000
Major resistance in MCX Gold is 28700 and 29500
MCX Silver March
Silver prices continue to stay in a sideways consolidation mode in the range of 52,700-54,300 levels. For this week MCX Silver 57000 and 59000 will act as major resistance and 51500 and 49500 will act as major supports.
MCX Crude Oil December
Crude oil prices are taking resistance at 5,310 levels. If prices close below 5,260 levels we expect prices to correct up to levels of 5,100. For this week MCX Crude Oil major resistance is found at 5400 and 5600 and major supports will be 4900 and 4600.
MCX Natural Gas December
Natural gas prices continue to stay in a sideways consolidation mode in the range of 162-170 levels. For this week MCX Natural Gas major resistance would be 195 and 205, supports would be found at 155 and 143.
MCX Copper February
Copper prices are trading close to its resistance level of 407. If prices close above 407 we expect prices to go up to levels of 415. For this week MCX Copper major resistance would be 420 and 430 and supports would be found at 390 and 375.
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