11/15/2011 03:55:00 PM
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MCX Bullion|NCDEX Agri Commodity Tips Levels Range Today 15 November (Gold Silver Crude Copper) : The Multi Commodity Exchange (MCX), COMDEX started on a positive note today after a rise of 1.40 points. In the morning session it was trading higher by 13.46 points at 3,766.17 after opening at 3,753.28.MCX METAL index was trading upward by 17.76 points at 4,884.08 after opening at 4,867.81. MCX AGRI was trading up 3.35 points at 3,006.08 after opening at 3,003.31.
MCX CRUDE Tips, Levels And Updates: NYMEX Crude is in consolidation phase. Last week Crude Oil was able to sustain at higher levels and close near to week high. For the coming week 85$ and 80 $ will act as major supports and 102$ and 106$ a barrel will be a major resistance in NYMEX
Crude. In MCX Crude Oil major resistance is found at 5100 and 5300 and major supports will be 4600 and 4350.
WEEKLY LEVELS:
R3-109.55 R2-103.38 R1-101.18 PP-97.21 S1-95.01 S2-91.04 S3-84.87
STRATEGY For This Week: Traders can use sell on higher level strategy, if NYMEX Crude sustains below the level of 102 $ a barrel then below the level of 97.50 $ a barrel it can test the level of 95.5$/94.0$ a barrel and in MCX if Crude sustains below 4870 then below 4740 it can test the level of 4680/4620/4560 in this week. Trade by keeping the proper stop loss.
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