Commodity Market Data For Today:
- Gold languishes near 2-week low as economic recovery hopes weigh.
- Copper up after u.s data, supply outlook weighs.
- Oil near 3-month high at $113 on economic optimism.
- Refined soya oil traded steady to firm in major spot markets on monday amid positive cues from futures market and limited selling.
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MCX Trend and Levels
MCX Gold is trading on flat mode with a consolidate trend today. Gold has a strong resistance at 30850 and a support at 29900 level.
MCX Silver is also trading at sideways trend today having a sharp resistance at 58954 and a support at 56805 level.
MCX Crude Oil is flat trading on 5224. it has a flat to bullion trend above the 5280 level today.
Copper is also facing a down trend today looking in selling side for today with a strong support at 432 level.
NCDEX Commodity Trend and Levels
Today NCDEX Commodity trading with a bear trend. a down trend is looking in NCDEX Chana, Jeera, Mustarseed and pepper. NCDEX Chana has a sharp support at 3530 and a resistance at 3694. Pepper is also have a criticle support at 35830. Mustarseed has a support at 3300 level. Sell is suggested in Pepper, Jeera, Chana and Mustarseed on lower levels.