MCX WEEKLY REPORT (1 august-5 august)

MCX REPORTS, FREE MCX TIPS, MCX GOLD & SILVER TIPS, MCX WEEKLY REPORT

Gold Technical Report and Strategy

or the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1600 $ an ounce, then  above 1640$ it can test the level of 1655$ an ounce and above 1660$ it can further move upward. Trade by keeping  the strict stop losses.

Copper Technical Report and Strategy

For the upcoming week 451 and 460 will act as major resistance and 433 and 425 will act as major supports in COMEX Copper. For MCX Copper major resistance would be 440 and 450 and supports would be found at 427 and 410.

Silver Technical Report and Strategy

Technically COMEX Silver is consolidating on charts. For the next week traders can use buy on lower level strategy if Silver sustains above the level of 3800$ an ounce, then above 4040$ an ounce it can go up and can test the level of
4090$ an ounce and above 4150$ it can further move upwards and in MCX Silver above 60000 it can test the level of 60800 and 61500. Trade by keeping the proper stop losses. 

Crude Oil Technical Report and Strategy
For the next week traders can use buy on lower level strategy, if NYMEX Crude sustains above the level of 94 $ a
barrel then above 96.8$ it can slightly come up and touch the level of 98 $ a barrel and in MCX if Crude sustains above
4220 then above 4290 it can touch the level of 4350.Trade by keeping the proper stop loss.

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