Tuesday, 20 October 2015

Today's Mcx Commodity Market New Update

Gold is consolidating near the important level of 1175. A close below could pull prices to 1165.0. On the other hand, close above could push prices to 1190.0. A firm Dollar may keep upside limited. MCX Gold could also remain range bound to weak, tracking weak overseas prices. Key intraday support is at 26770. Key intraday resistance is at 27296. 

Silver continue trade lower as the Dollar rebounds. Key intraday support is at 15.76. Key intraday resistance is at 16.13. MCX Silver could also range bound to weak, tracking weak overseas prices. Key intraday support is at 36800. Key intraday resistance is at 37373. 

Copper could remain range bound to weak as the data from China remains weak. Intraday resistance is at 5300. Intraday support is at 5220. MCX Copper could remain range bound to weak, tracking weak overseas prices. Intraday support is at 343.45. Intraday resistance is at 347.85.

Nickel could trade range bound to weak. Intraday resistance is at 10680. Intraday
support is at 10355. MCX Nickel could remain range bound to weak, tracking weak overseas prices.
Supports are at 675.85. A close below could pull prices to 660 levels. Resistances remain at 691.25. 

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