Commodity MCX Gold Silver Copper Crude zinc technical analysis :
MCX Gold trading Recommendations & tips 24th jan
Trend: MCX Gold mini can stay in down trend for today with some pull back.
Support and resistance: MCX Gold mini finds resistance at 20160 and 20220 with support at 20080 and 20020.There will be some pull back upwards to test resistance then in later session expected for a drop.
Moving average: MCX Gold trading below the average indicates a bearish market and selling on tops.
MCX Silver trading Recommendations & tips 24th jan
Trend: MCX silver mini can be in down trend with some pull back upwards initially.
Support and resistance: MCX Silver mini finds resistance at 43200 and 43600 with support at 42800 and 42600 . Silver can show some buying initially and will test the resistance to gain downward strength. watch 43200 carefully.
Moving Average: MCX silver trading below the average is good for selling on tops.
MCX Copper trading Recommendations & tips 24th jan
Trend: MCX copper has shown a great recovery after a huge selling.Today copper can consolidate a bit, we can expect some selling initially.
Support and resistance: MCX copper finds resistance at 442.20 with support at 438.50 and 435.50. Copper staying in a crucial zone between 438.50 and 442, watch carefully.
Moving Average: MCX Copper trading with in the moving average indicates a neutral market where both buyers and sellers are equal.
MCX Crude Oil trading Recommendations & tips 24th jan
Trend: MCX Crude oil can maintain its down trend for today.Crude oil has formed a double bottom formation which indicates a good support but still trend is hold down.
Support and resistance: MCX Crude oil finds resistance at 4142 and 4180 with support at 4085 and 4060. Today market can test its resistance to prove its sell trend.watch 4142 level carefully.
Moving Average: MCX Crude oil trading below the average indicates selling on tops .
MCX Zinc mini trading Recommendations & tips 24th 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 106.60 and 105.50.
Moving average: MCX zinc trading below the average indicates down trend market with selling on tops.
Subscribe Equity/commodity Market Alert In Mobile CLICK HERE
