Monday, 17 August 2015

Best & Most Accurate Mcx Commodity Tips in Gold and Silver

MCX Oct Gold too extended its corrective pullbacks past week and surged almost 873 points on weekly charts. This week’s outlook remains positive and further rally can be seen towards 26085 & 26330 levels, where as support is pegged at 25580 levels.

MCX Sep Silver; hanging man candlestick pattern followed by a spinning top on daily charts renders that the temporary top has formed at 36290 and levels intact some profit booking form the same. We expect a flat beginning in today’s session and there after continued its profit booking towards 35040 & 34650 levels. Hence, Upside resistance resides at 35750 levels.


MCX Aug Natural Gas futures traded higher in the early sessions of the week and broke its “symmetrical triangle” resistance at 186 levels. Current week’s outlook remains weak and is likely to extend the fall towards the trend-line support of 174.50 levels, on a convincing close below the same will aim for the next target of 169 levels. Hence, any rise can be limited at 185.80 levels.

MCX Aug Lead futures traded higher in the past week and surged almost 3.6% on w o-w basis. A strong breakout from the falling trend-line resistance followed by a “spinning top” candlestick pattern on weekly chart renders that the price will strengthen further towards 38.2% Fibonacci level of 119 levels followed by an immediate target of 115.90 levels. Hence, any fall can be utilized to accumulate fresh longs at 112.20 levels.

www.marketmagnify.com
Ph: 0731-6619100

No comments:

Post a Comment