MCX Gold Trading recommendation & tips 20th jan
Trend: MCX Gold mini struggling to gain buying strength , showing consolidation and range bound . trade using levels, we expect some selling.
Support and resistance: MCX Gold mini finds strong resistance at 20420 and 20380 with support at 20320. Looking at gold outlook we see the market trading between 20320 and 20420.Watch the levels carefully.
Moving Average: MCX Gold trading within the average indicates a neutral zone, traders can swing both side.
MCX Silver mini Trading recommendation & tips 20th jan
Trend: MCX Silver mini can stay in down trend for today.since the market is volatile watch the levels carefully.
Support and resistance: MCX Silver mini finds resistance at 44600 and 44400 with support at 44100 and 43800. We expect some selling on top. 44600 to 44700 key zone for silvermini market staying above this level can induce buying.44100 major support we can expect some good buying in this zone , silver staying below this zone can put lot of selling pressure.
Moving average: MCX Silver trading below the average can induce selling.
MCX Copper Trading recommendation & tips 20th jan
Trend: MCX Copper can stay in down trend for today.Watch 438.60 carefully.
Support and resistance: MCX Copper finds resistance at 445.20 and 443.60 with support at 440.20 and 438.60. We can expect some selling on tops but 438.60 is the major support only a closing below 438.60 can confirm down trend.
Moving Average: MCX Copper trading below the average is good for bearish market .
MCX Crude oil Trading recommendation & tips 20th jan
Trend: Today’s market is important for crude oil which can decide the trend.Yesterdays fall was with in the long term trend zone only a closing below 4180 can reverse the trend.We can expect two way swings initially.
Support and resistance: MCX Crude oil finds resistance at 4200 and 4220 with support at 4180 and 4150. Crude oil is expected to test its resistance. watch 4180 level carefully. 4220 and 4180 can be the trading zone for today.
Moving Average: MCX Crude oil trading below the average is good for selling on top.
MCX Zinc mini Trading recommendation & tips 20th jan
Trend: MCX Zinc mini can stay in down trend for today.
Support and resistance: MCX zinc mini finds resistance at 110.60 and 111.20 with support at 108.60 and 107.20.We can expect some selling on tops but zinc should stay below 110.60 anything above 110.60 can induce buying.Watch 110.60 carefully.
Moving Average: MCX zinc trading below the average is negative for buying and indicates a possible down trend.
