Gold Silver Trend Updates for Today: MCX Bullion Tips

Gold is in bearish trend for medium-long term. Gold is currently moving in sideways and now trading in overbought level. The oscillator is showing sell signal and has moved down to its previous low with good volume points to a negative break out.
Support: 27045. Resistance: 27815 - 28490.
Traders are advised to buy Gold above 27388.10 with a stop of 27199.10. Below 27173.4 go for sell.

Silver is currently in downtrend with good momentum but volume is unsatisfactory and the open interest is not increasing with trend.
Support: 50090. Resistance: 53726 - 56442
Traders are advised to sell Silver if open below 49841.5 with stop loss at 51433.5 or sell below 49147. Buy only above 52129.7

MCX Gold Silver Evening Updates for Today

MCX Gold Mini (Jan) For the day, major rallies can be expected only a break above 27775. A direct fall below 27395 would result for fresh selling towards 27235/165 and then to 27000.
Resistance2 - 27885/27965, Resistance1 - 27635/705/825, Support1 - 27445/27395, Support2 - 27245/27000

MCX Silver Mini (Feb) Some initial moves are expected to find the support near 52555 followed by a consolidation and can drag higher towards the 53105/53505 levels.
Resistance2 - 54010/54410, Resistance1 - 53010/53510, Support1 - 52410, Support2 - 52110/51610

Gold Silver Updates: MCX Bullion Tips

Gold (FEB): Trend - Consolidate
Resistance2 - 28010, Resistance1 - 27810, Support1 - 27450, Support2 - 27280
Strategy - Sell on higher Levels.

Silver (MARCH): Trend - Consolidate
Resistance2 - 54800, Resistance1 - 53900, Support1 - 51400, Support2 - 50300
Strategy - Sell on higher Levels.

Crude Oil Updates

Today, Crude Oil prices are expected to trade higher taking cues from supply disruptions in Syria and Iran’s naval exercises in a key shipping lane. Additionally, a weaker dollar will also provide further support. as Crude prices are looking positive, traders are advised to buy Crude Oil around 5261 with a stop loss below 5211 for the target of 5321 - 5336.
Crude Oil (Jan): Support 5201 - 5261, Resistance 5301 - 5366.

MCX Commoditiy Tips Updates for Today

MCX Gold (FEB.) Trend: Consolidate
Resistance2- 28050, Resistance1- 27740, Support1- 27140, Support2- 26850
Strategy: Sell on higher Levels.

MCX Silver (MAR.) Trend: Consolidate
Resistance2- 55600, Resistance1- 54900, Support1- 52300, Support2- 51200
Strategy: Sell on higher Levels.

MCX Crude Oil (DEC.) Trend: Consolidate
Resistance2- 5190, Resistance1- 5110, Support1- 4980, Support2- 4910
Strategy: Sell on higher Levels.

MCX Copper (FEB.) Trend: Consolidate
Resistance2- 402, Resistance1- 396, Support1- 386, Support2- 381
Strategy: Sell on higher Levels.