Market Report MCX
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This channel is to discuss technical analysis on various commodities that are traded on MCX
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Posts Archive
Gold and Silver
No video uploaded today but members can ask for levels on whatsapp 8279944008 or on Telegram at "marketreport08"
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Natural Gas MCX
It is trading around intraday buying zone of 258 and has next buying zone at 252. If entering into a long position than do take help of support levels at 253.80 and 243
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Zinc MCX
Consolidating consolidating and consolidating but any breakout of nearest resistance level can pump up this scrip and can show good upside movement on intraday basis. Right now the nearest resistance level is at 224.25
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NSE Nifty Future
Made weekly closing just around strong resistance level, which was an unexpected view. But levels are levels, looks strong right now on charts and there is a possibility that it can show gap up opening on next session with fresh all time high. Better to stay away from this bubble
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Copper MCX
Consolidating and failed to break strong resistance level of 722.90, no major upside sign in this commodity till it holds levels below this resistance mark. Now strong buying zone stands at 709
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Crude Oil MCX
Tried and tested yesterday, it has finally managed to sustain above 6100 and was strongly holding levels above 5860. Both the sign shows major strength in Crude Oil, that will help this commodity in showing more upside in coming days/weeks
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BTCUSDT Bitcoin
Bitcoin is trading with some selling pressure at higher levels and can show more downside if failed to break it's nearest resistance level of $46700, let's wait for the evening session
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Video Update
short videos updated for many commodities and a dedicated video on Gold Silver for eligible members
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Crude Oil MCX
Seems it is holding above strong resistance level of 6100 and can show further upside in coming sessions. Avoid short sell and try to enter into long position with SL
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BTCUSDT Bitcoin
It is trading just below intraday support level and can show more downside by tomorrow evening. Trade accordingly
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Natural Gas
Recovered from low without breaking strong support level
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Gold and Silver
Both are Rs 600 down, it clearly says Gold is facing more selling pressure as compared to Silver
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Video Update
Video for all uploaded on YouTube
and
Video for members uploaded on YouTube
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Gold USD
It has shown some support levels but need to break 2073 to show some strength and has strong resistance level at 2084. Reversal level at 2043
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Natural Gas MCX
Consolidating and trying to hold higher levels which is a sign of uptrend. Nearest support level at 208.20 and strong support level at 202. Next resistance level at reversal price of 224.80
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Silver USD
The only important thing in Silver is, it failed to break the reversal level of 23.46. Market reversed as expected from lower levels and has intraday support level at 23.52 and has next major resistance level at 24.14
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