कमोडिटी ट्रेंड : November 16, 2018, Commodity Trend

GOLD (DEC) TREND: CONSOLIDATE 
RESISTANCE 2: 31150 RESISTANCE 1:  30950 
SUPPORT 1: 30700 SUPPORT 2: 30550 
STRATEGY: BUY ON DIPS 

SILVER (DEC) TREND: CONSOLIDATE 
RESISTANCE 2: 37250 RESISTANCE 1: 37050 
SUPPORT 1: 36500 SUPPORT 2: 36250 
STRATEGY: BUY ON DIPS 

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COPPER (NOV) TREND CONSOLIDATE 
RESISTANCE 2: 449 RESISTANCE 1: 444 
SUPPORT 1: 432 SUPPORT 2: 428 
STRATEGY: BUY ON DIPS 

CRUDE (DEC) TREND:BEARISH 
RESISTANCE 2: 4210 RESISTANCE 1: 4160 
SUPPORT 1: 4050 SUPPORT 2: 4000 
STRATEGY: SELL ON HIGHS  

MCX Copper Base Metals Trading Levels and Updates By Moneymaker

MCX Copper surpassed the levels of Rs 340 that was acting as psychological resistance. The prices are now under a free run toward s Rs 345 if profit booking doesn't chip in. The Metal closed at Rs 340.40 per kg on 7 March 2016 against Rs 339.20 per kg on 4 March 2016. With the breach of double top the prices are looking to move towards Rs 350 per kg in the medium term.

The prices tested levels of Rs 341.90 per kg as highs and Rs 338 per kg as a low. Volumes gained during the session. The holiday thinned session saw Copper declining to 26586 lots on 7 March 2016 against 67624 lots on 4 March 2016. Open interest declined to 13972 on 7 March 2016 against 13878 on 4 March 2016.

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