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Follow on Google News | Epic Research Weekly Commodity Market News Of 17th to 21st November 2014MCX Crude oil December as seen in the weekly chart above has opened the week at 4885 levels and prices made a high of 4947 levels. During this week price could not sustain higher levels and fell sharply lower towards the low of 4552 levels.
By: www.epicresearch.co During this week prices rose sharply downwards the contract gold futures for (DEC) delivery traded at resistance for Spot gold is at $1199 and bias remains weak as short as held below the same. . For the next week we expect gold prices to break the support and close below this level than it Dec .test new level of 25500 .Support is now tacking around this rang in the range of $1150 levels. Trading consistently below 26300 levels would lead towards the strong resistance at 26600 levels. SILVER MCX TECHNICAL VIEW MCX Silver (Dec)as seen in the weekly chart above has opened the week at 35173 levels and prices made a high of 36266 levels. major movement in silver MCX last week. short term is down trend, MCX silver low @ 33938 silver weekly support are now placed at $ 16.02,17.55 will act as strong resistances weekly downside to positive move could be seen BUY SILVER (DEC) ABOVE 36100 TGTS 36600/37200 SL BELOW 35600 SELL SILVER (DEC) BELOW 35500 TGTS 34900/34200 SL ABOVE 35980 COPPER MCX DAILY CHART MCX COPPER traded with positive bias in the previous session, but failed to breach above recommended resistance of Rs.420 and closed at Rs.415.60 Supports are placed at Rs.410 whereas resistance is pegged at Rs.420-422. Sustainable breach above resistance will confirm positive move and could target Rs.430,442. Buying near supports is advisable. BUY COPPER (NOV) ABOVE 420TGT 426/433 SL BELOW 415 SELL COPPER (NOV) ON RISE 416 TGT 410/404 SL ABOVE 422 CRUDEOIL MCX TECHNICAL VIEW MCX Crude oil December as seen in the weekly chart above has opened the week at 4885 levels and prices made a high of 4947 levels. During this week price could not sustain higher levels and fell sharply lower towards the low of 4552 levels. This week prices have closed 0.78% lower at 4689 levels, its lowest level in 17 months. For the next week we expect crude oil prices to find support in the range of 4400 – 4250 levels. Epic Research is a leading financial services provider with presence in Indian and other global capital markets. Provides Stock Tips, Forex Tips, Commodity Tips, MCX Tips, Equity Tips, Intraday Tips, Stock Futures Tips, NSE Tips, BSE Tips, COMEX Tips, NCDEX Tips. Share Tips We provide services in equity, commodity and Forex market. MCX Trading Tips (https://www.epicresearch.co/ GET FREE TRIAL +91 731 6642300 Or mail us here: info@epicresearch.co Or visit our site that is http://www.epicresearch.co/ or https://www.epicresearch.co/ End
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