MCX SILVER WEEKLY REPORT 11th April to 15th April.

Posted by Bhupendra Adhav on Saturday, April 9, 2011


Market Overview

COMEX Silver is technically strong on charts. Last week COMEX Silver broke its psychological level of 4000$ an ounce and closed above that. For the upcoming week 3900$ and 3750$ are the crucial supports and 4150$ and 4300 $ are crucial resistance in COMEX Silver. In MCX Silver 62500 and 64500 will act as major resistance and 57500 and 54500 will act as major supports.

Strategy

Technically COMEX Silver is strong on charts, For the next week traders can use buy on lower level strategy if Silver sustains above the level of 3900$ an ounce, then above 4100$ an ounce it can further go upward and can test the level of 4160$ an ounce. Trade by keeping the proper stop losses. 

MCX Tips for Today

Here we daily post MCX Tips for Today for Bullion Commodity Gold Silver, Energy Crude Oil and Natural Gas and Base Metals - Copper, Zinc, Aluminum, Lead and Nickel Tips trend and trading levels for today.
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Base Metals
MCX Energy
Bullion - MCX
Agri Tips