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.
Seed Newsvine
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