MCX Gold Trend:- Gold prices tested the upper range at 28850, for the day can expected it to take support around 28650 – 630 and extend the range till 29000, which should be a revenue booking zone
MCX Crude Oil Trend:- Crude prices witnessed profit booking and did not closed even above 5150, which suggest expected to trade down till 5000 – 4950, which is holding as a strong support. one can sell around 5100 -5120
MCX Copper Trend: - Copper prices resisted the downward sloping trend line at 390, for the day if it sustains below 390, one can initiate a sell with a stop loss of 394. Oscillators indicating sideways to down move.
MCX GOLD COPPER CRUDE TIPS
Gold (December futures) MCX: Buy from -28,600 to 28,620, stoploss -28 450, Target-28 850
Crude oil (December futures) MCX: Sell -5170 to 5180, stoploss -5220, Target-5060
Copper (November futures) MCX: Buy -382-383, stoploss -377, target -391.
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