Thursday, 29 October 2015

Best Mcx Commodity Tips Provider in India

Gold prices are approaching resistance at 27100 levels. Prices need to trade above this level to rally further towards 27200/27250 areas. Intraday outlook will turn negative once the counter breaks below 26900 levels. Gold will correct towards 26760 levels in that case. Failure to sustain between 27050—27100 can be sold into by day traders.

Silver prices are trading around resistance around 37200 levels. Sustenance above 37250 will take prices higher towards next resistance between 37350/37400 zones. A sharp fall cannot be ruled out from higher levels. Any major downside in the counter is likely only if prices close below 36600 levels. A daily close below this support will open downside targets of 36250/36000 levels. A breakout above 37400 will see prices rally towards 37700 levels.

Nov. Crude Oil prices have managed to bounce from its support at 2790 levels. Prices need to sustain above 2873 to move higher towards resistance between 2895/2910 levels. Failure to sustain above 2873 will see prices slip towards 2807/2790 levels again. A break below 2790 will see prices correct towards 2740 levels. Prices need to breakout above 2910 for a reversal.

Sustenance below 154 will see Nov. natural gas prices slip lower towards 152.20 levels. Intraday view for the counter will remain negative until prices stay below 156.50 levels. A break below 152 will take prices lower towards 150/148.80 levels. A decisive breakout above 156.50 will see prices re-test 158.50 levels. Major resistance is seen around 160 levels.

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