In upcoming week India MCX expected to move in green and most commodities are looking to show a great stuff for investor. In recent week MCX gold is continue falling but on early of Saturday trade it show positive sloppy movement. This week gold start with a price of 29770 but it continue showing down trend on commodity market. Gold price are looking to going up in upcoming week and some correction is being expected on MCX gold for April delivery. MCX silver was looking in good position during the whole week and some good sign are expected in upcoming day in future delivery.
Buy gold above 29400 with a support level of 29250 and a resistance of 29600
Buy silver above 54900 with a strong support level of 54100 and a resistance of 55500
Crude oil price are may be rise in upcoming week due to some positive report comes from US and CHINA. In upcoming week crude oil price are expected to trade in the range of above 5000.
Base metal especially nickels and copper that show mostly high movement on MCX, their price is expected to fluctuate on India MCX commodity market. Nickel price is bounded between the ranges of 900 to 925.Everyone is waiting the movement when nickel crosses the line of 1000 and work above of it.
On intraday it is advice to buy nickel above 910 on Monday morning. With a target of +10 point and equally with stop loss.
Mcx cotton , mentha oil and natural gas they all are in good side on Monday and expected to open on fresh positive side.