MCX market for Gold is on downward bias for a third session on Monday, weighed down by economic optimism as investors bet debt-laden Greece would take action needed to avoid a default, pressuring safe-haven demand. Copper fell on Monday due to uncertainty about the Greek debt crisis and about monetary policy in the world's largest economy, the United States.
MCX Crude oil (JULY)
•Trend: Consolidate
•Strategy: Sell on high
RESISTANCE:
• R2 - 4270
• R1 - 4180
SUPPORT
• S1 - 4050
• S2 - 3970
MCX LEAD (JUNE)
•Trend: Consolidate
•Strategy: Sell on high
RESISTANCE:
• R2 - 119.5
• R1 - 116.8
SUPPORT:
•S1 - 113.8
•S2 - 109.5