Tuesday, 13 October 2015

Mcx Commodity Market Trading Tips and Advice

MCX Dec Gold was begun the day in a gap up and thereafter continued the same trend and finally settled at 26825 levels, up by 203 points. Positive outlook remains unchanged and further rally is possible towards 26945 & 27070 levels, where as a support pegged at 27730 levels.

MCX Oct Nickel futures rose to as high as 697.20 in the first half before making a temporary top there and turned into weak mode by forming a “hanging man” candlestick pattern daily chart. This signifies for a trend reversal in coming sessions and it can drag the prices further down towards 672 & 660 levels.

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