MCX COMMODITY TRENDS 2-JUNE
GOLD (5 JUN.) TREND: CONSOLIDATE
RES 1: 27000
RES 2: 27150
SUPP 1: 26700
SUPP 2: 26550
STRATEGY: SELL ON HIGH
SILVER (5 JULY.) TREND: CONSOLIDATE
RES 1: 40000
RES 2: 40300
SUPP 1: 39100
SUPP 2: 38800
STRATEGY: SELL ON HIGH
CRUDE OIL (19 JUN.) TREND: CONSOLIDATE
RES 1: 6150
RES 2: 6180
SUPP 1: 6070
SUPP 2: 6040
STRATEGY: BUY ON DIPS
COPPER (30 JUN.) TREND: CONSOLIDATE
RES 1: 414.00
RES 2: 418.00
SUPP 1: 407.00
SUPP 2: 403.00
STRATEGY: SELL ON HIGH
LEAD (30 JUN.) TREND: CONSOLIDATE
RES 1: 125.00
RES 2: 126.00
SUPP 1: 122.50
SUPP 2: 121.50
STRATEGY: SELL ON HIGH
ZINC (30 JUN.) TREND: CONSOLIDATE
RES 1: 123.50
RES 2: 124.50
SUPP 1: 121.00
SUPP 2: 120.00
STRATEGY: SELL ON HIGH
ALUMINIUM (30 JUN.) TREND: CONSOLIDATE
RES 1: 109.50
RES 2: 110.50
SUPP 1: 107.00
SUPP 2: 106.00
STRATEGY: BUY ON DIPS
NICKEL (30 JUN.) TREND: CONSOLIDATE
RES 1: 1160.00
RES 2: 1170.00
SUPP 1: 1130.00
SUPP 2: 1120.00
STRATEGY: BUY ON DIPS
NATURAL GAS (25 JUN.) TREND: CONSOLIDATE
RES 1: 276
RES 2: 280
SUPP 1: 266.50
SUPP: 262.50
STRATEGY: BUY ON DIPS
Gold extended its biggest weekly drop since March after the Standard & Poor’s 500 Index climbed to a record and hedge funds pared bets on a rally in the metal at the fastest pace this year as demand for a haven declined.
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