MCX Gold trading Recommendations & tips 21st jan
Trend: MCX Gold mini can stay in down trend for today.
Support and resistance: MCX Gold mini finds resistance at 20220 and 20280 with support at20140 and 20080.We can expect gold to test the resistance to gain bearish strength.
Moving Average: MCX Gold trading much below the average indicates a bearish market, since it is very low we advice our client to use their exposures and funds carefully.
MCX Silver trading Recommendations & tips 21st jan
Trend: MCX SIlver mini can maintain its down trend for today.
Support and resistance: MCX Silver mini finds resistance at 43200 and 43400 with support at 42800 and 42600. We can expect silver mini to test the resistance to gain selling strength.
Moving Average: MCX silver trading below the average indicates selling on tops, we request our clients to use minimum exposures at bottom and add when it rises.
MCX Copper trading Recommendations & tips 21st jan
Trend: MCX Copper can stay in down trend for today but sell on tops.
Support and resistance: MCX Copper finds resistance at 435.50 and 438.60 with support at 432.20 and 430.60. We can expect some retracement and testing of resistance to gain bearish strength.
Moving Average: MCX Copper trading below the average is negative for buying and selling on tops.
MCX Crude trading Recommendations & tips 21st jan
Trend: MCX Crude oil can maintain and stay in down trend for today.
Support and resistance: MCX Crude oil finds resistance at 4146 and 4162 with support at 4096 and 4072.We can expect the market to test the resistance to gain more selling strength.
Moving Average: MCX Crude oil trading below the average indicates selling on top, since it is staying much below the average we advice our clients to use the exposures strategically.
MCX Zinc trading Recommendations & tips 21st jan
Trend: MCX Zinc mini can stay in down trend for today.
Support and resistance: MCX Zinc mini finds resistance at 107.50 and 108.50 with support at 106.20 and 105.20.We can expect the market to test the resistance to gain downward strength.
Moving Average: MCX Zinc trading below the average is good for selling on tops.
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