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MCX Silver Mar: Buy on minor dips around 37800 -
MCX Silver Mar: Buy on minor dips around 37800
Way2wealth | Published: 26 Dec, 2017  | Source :

MCX SILVER MARCH: On Friday, Silver prices inched higher sharply and rose till the high of 38058 and finally ended at 37954. The price is slowly recovering from the low and it is likely to extend this up move till the immediate resistance of 38700 levels. Therefore, we recommend buying on minor dips around 37800 for intraday targets of 38200 then 38500. Action: Buy


MCX CRUDE OIL JANUARY: For the fourth session, crude oil prices continued to trade a higher note and rose till the immediate trend line resistance. Ahead, surpass above 3760 will provide further bullish breakout and extend the commodity till 3820 and higher. Thus, we recommend buying above 3760 for targets of 3820 then 3850 levels for the day. Action: Buy

NCDEX SOY BEAN JANUARY: For last few sessions, soybean prices have been consolidating in a narrow range and it is moving along with the trend line support. On the higher side it as penetrated immediate falling trend line resistance and ended just above that. Going forward, the prices are likely to head till 3103 then 3156 levels and therefore we recommend buying around 3060 levels for the day. Action: Buy

MCX MENTHA OIL DECEMBER: Mentha oil, which took the supports around 1560 levels, has witnessed sharp re-bounce and on Friday it edged till the high of 1710 and finally ended at 1682. It has almost made double bottom and going forward it is likely retrace till 1800 then 1850 levels. Thus, we recommend buying around 1660 for intraday targets of 1742 then 1780 levels. Action: Buy

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.