MCX update about Natural gas

Natural gas face strong resistance at 193-195. and below 1836 it looks weak for medium term.Current market price is 176 . so for short term try to sell natural gas on every rise for target of 173-171. Natural gas moving sideways with good volume for bearish trend but for selling position give a stop loss of 184 because above 184 there is chances of reversing trend from downtrend to uptrend.

Gold Trend any level for trading

Gold is now facing strong resistance at 30300 of February contract, as it is near expiry so it may give a small bounce back but for near term Gold will be in bearish mode. So on every rise it is suggested to sell gold . Sell MCX Gold April contract 30170-30300 Range for a target of 30000-29700. But as Indian rupee appreciating against US Dollar so be careful if dollar shows its strength again then buy MCX Gold Above 30450 for a target of 31000. Always use stop loss to minimize your losses.

Free Mcx Trading Tips

Updated time: 2pm ,30th January MCX crude is now purely uptrend with Good Volume. Crude oil has taken Good support from 5177 so keeping stop loss 5177 buy February MCX Crude oil at 5225 for a target of 5280-5310-5367. I will update for profit booking.