Commodity News Letter – MCX Tips Provider

Gold:-

The Gold is in perfect uptrend. Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higher levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in HOLD LONG position and closed above 1 month high with volume signals up breakout. Positionally Support for the Gold is 29647-29472-29274-29201-29146-29029-. Immediate resistance for Gold is 30412.

Resistance & Support

Resistance	Support
30412	29647

Crude:-

Crude oil is in perfect uptrend .Currently Crude oil is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higher levels seems decreasing. The Crude oil is now trading in overbought level. The Crude oil is now trading in overbought level. The oscillator is showing SELL signal For short term Crude oil is in HOLD LONG position and closed above 1 month high with volume signals up breakout. Positionally Support for the Crude oil is 4071-4026-3932-3807-3700-3584-. Immediate resistance for Crude oil is 4250.

Resistance & Support

Resistance	Support
4250	4071

Lead:

Lead is in perfect uptrend .Currently Lead is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higher levels seems decreasing. The oscillator is showing BUY signal For short term Lead is in HOLD LONG position. Positionally Support for the Lead is 164-163-162-161-159-. Immediate resistance for Lead is 170. Currently Lead is in HOLD LONG position In short term Lead is in strong up trend so hold with stop at 164.30.

Resistance & Support

Resistance	Support
169.50	164.30

Copper:-

Copper is in long- medium- short- term bull phase .Currently Copper is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . The oscillator is showing SELL signal For short term Copper is in HOLD SHORT position. Positionally Support for the Copper is 451-447-446-442-.Resistance for the Copper is 459. Currently Copper is in SELL position Copper is in sideways and sellers was at high so for short term better buy above 464.3 or hold with stop at 439.4 The next resistance will be at 456.35.

Resistance & Support

Resistance	Support
459	451

Aluminium :

The Alumini is in perfect uptrend .Currently Alumini is in strong uptrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Alumini is in HOLD LONG position. Positionally Support for the Alumini is 140-137-136-. Immediate resistance for Alumini is 146. Currently Alumini is in HOLD SHORT position Alumini is moving sideways so short term investor better to buy if close above 144.9 closing below 139.85 Sell will happen. The oscillator is showing SELL signal.

 

Resistance & Support

Resistance	Support
146	140