August 19, 2011

MCX Tips For 20 Aug | MCX Online 20 Aug

  • Gold prices in MCX market is in uptrend and showing good volume. The Gold market is having chances to cross 28000 levels.
  • MCX Gold is currently showing buying sentiments and one can HOLD it for long position.
  • MCX Silver is also in its uptrend and the up trend is very strong it is showing buy signal for intraday traders while for long term position HOLD is advised same as MCX Gold.
  • MCX Crude oil is bearish in trend and the market is showing less volatility from some trading session but buying can be seen if the crude prices 4047.2 levels.
MCX Support and Resistance For 20 Aug
MCX Gold the support for gold is seen at 26048-25338 levels and resistance for Gold MCX is 28074.5 levels.
MCX Silver the support for the Silver is expected to seen at 59513 - 59205 - 59092 levels and  resistance for Silver is 64758 - 64759.5.
MCX Crude oil support is 3658 and resistance for the Crudeoil is 3893-4084 levels
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