Soon change in trend can happen in commodities, according to the seasonal time cycles.
Next week’s budget session will increase more volatility.
MCX Crude Oil can show a downward move, as Price action suggests. Below 3790 level, the turn can take place.
MCX Gold Trading Levels
Next week 01 & 02 February are the crucial Gann dates for MCX Gold.
Resistant is at 49350 levels; above that, the MCX Gold can move towards 49650/50050/50550.
Support is at 48900 levels; below that, the MCX Gold can move towards 48600/48200/47700.
MCX Silver Trading Levels
Next week 02 & 04 February is the crucial Gann dates for MCX Silver.
Resistant is at 70050 levels; above that, the MCX Silver can move towards 70400/70999/72200.
Support is at 69350 levels; below that, the MCX Silver can move towards 68999/68400/67200.
MCX Crude Oil Trading Levels
Next week 01 & 04 February are the important Gann dates for MCX Crude Oil.
Resistant is at 3950 levels; above that, the MCX Crude Oil can move towards 4010/4080/4200.
Support is at 3790 levels; below that, the MCX Crude Oil can move towards 3730/3660/3540.
Note: The above levels are only for study. Not a Buy/Sell advice.
