Today we can see Commodity Market Gold & Silver begging fall position. Today Silver is more decline position.MCX Silver decline one percent of turnover is Rs 53163.The decline trend gold is light. If we talk MCX Gold so it’s trading at Rs 27587.
Now we are talking about Base metals. All base metals are traded on MCX are on the decline. Copper has the worst level. Copper in domestic market, with about 1.5 percent at Rs 388 is trading.
* Commodity Trend*
Gold Trend: Trend-Consolidate, Strategy-Buy on Dips, Resistance- 29043-29131& Support- 26939-26317
Silver Trend: Trend-Consolidate, Strategy-Buy on Dips, Resistance- 55039-55712& Support- 52888-52319.
Copper trend: Trend-Consolidate, Strategy-Buy on Dips, Resistence- 396-400& Support- 386-381.
Crude Oil Trend: Trend-Consolidate, Strategy-Buy on Dips, Resistance- 4985-5068& Support- 4848-4657
Natural Gas Trend: Trend-Consolidate, Strategy-Sell on High, Resistance- 170.5-175& Support- 163-160
Lead trend: Trend-Consolidate, Strategy- Sell On High, and Resistance-111.3-113& Support-109.3-108.
