MCX Gold trading Recommendations & tips 14th March
Trend: We can expect gold mini to show mixed trend but we prefer selling initially to get some trend confirmation.
Support and resistance: MCX Gold mini finds support at 20920, 20860, 20820, 20760 with resistance at 20980, 21020, 21060, 21120. Gold mini should break 21020 to show clear buying.
OHLC: Fridays market closed above the opening and expected to open near the same zone. OHLC shows UP.
Moving average: MCX Gold trading with in the average shows two way movement.
MCX Silver trading Recommendations & tips 14th March
Trend: MCX silver mini is expected to stay in UP trend for today. Support and resistance: MCX silver mini finds support at 53200, 52800, 52200 with resistance at 53600, 54200, 54600. We can expect silver mini to test its support to gain some buying strength.Silver mini should stay above 53200 to maintain its up trend. OHLC: OHLC is positive for buying. Moving average : MCX Silver trading near the average indicates a crucial decision zone. MCX Copper trading Recommendations & tips 14th March Trend: MCX Copper is expected to stay in down trend for today but watch 424 level carefully. Support and resistance: MCX Copper finds resistance at 420.60, 422.20, 424.50, 428.60, 432 with support at 418, 416.20, 412.60. We can expect copper to test its resistance to gain selling strength. OHLC: Fridays market closed above the opening and today expected to open around 420. OHLC is neutral. Moving Average: MCX Copper trading below the average is good for selling on tops. MCX Crude oil trading Recommendations & tips 14th March Trend: MCX Crude oil is expected to stay in DOWN trend for today. Support and resistance: MCX Crude oil finds resistance at 4520, 4560, 4585, 4620 with support at 4480, 4460, 4420. We can expect crude oil to test its resistance to gain selling strength. OHLC: Lower close and lower opening. OHLC shows DOWN. Moving average: MCX Crude oil trading below the average is good for selling on top. MCX Zinc trading Recommendations & tips 14th March Trend: MCX Zinc mini is expected to stay in down trend for today but zinc mini staying above 104.50 can induce buying. Support and resistance: MCX Zinc mini finds support at 103.50, 102.50 with resistance at 104.50, 105.60, 106.60. We can expect expect zinc mini to test its resistance to gain selling strength. OHLC: Fridays market closed above the opening and today expected to open around 104. OHLC shows UP. Moving Average: MCX Zinc trading with in the average shows a decision zone with possible reversal.
