MCX Crude oil trading on bullish trend today. Iraq crisis is getting lower down, so we may expect corrections in the prices of crude oil on MCX today. How ever the crude oil is trading below 6400. Despite gains NYMEX crude is under $ 106. Natural Gas on MCX has come down and may remain bearish during the whole day. Following the international market trend bullion commodities gold and silver are also trading on upper side. Base metals are expected to move up in the later trading session today. Except Zinc all the base metals will trade on the upper side today.
Key Support & Resistance Level for Today
- MCX Gold Support Level 27,440-27,608 Resistance Level 27,897-28,018.
- MCX Silver Support Level 44,356-44,626 Resistance Level 45,105-45,314
- MCX Crude Oil Support Level 6,281-6,309 Resistance Level 6,370-6,403
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