Gold (28385): Gold entered into negative zone. EquityPandit predicted that traders can go short once Gold future breaches 28570 levels and same happened. Gold future is now in negative zone and traders can hold short positions as of now. Reversal would only be seen above 28730 levels.

Silver (41193): Silver is still consolidating and traders can go short once it closes below 41173. Traders can initiate fresh long position once silver future closes above 41734.

Crude (3629): Analysis would remain same. Crude is still in positive trend. It would enter into negative zone if it closes below 3548 levels. Traders should initiate short only if it closes below 3548 levels. For now traders can hold long position until Crude future closes below 3548 levels.

Natural Gas (227.1): Analysis would remain same. NG is still in consolidation range. NG Future closed just below our reversal levels of 227.1 levels. Natural Gas Future would enter positive trend once it closes above 227.2 levels, where long can be initiated.

Copper (406.95): Analysis would remain same. Copper is in  positive zone. Traders can hold long positions until Copper future closes below 399.58 levels. Fresh shorts should be initiated only below 399.58 closing levels.

Zinc (190): Analysis would remain same. Zinc is still in positive trend and would enter into negative zone once it closes below 186.18 levels. Traders can go short only if Zinc closes below 186.18 levels, until then hold long positions.

Lead (162.75): Analysis would remain same. Lead is still in positive trend and would enter into negative zone once it closes below 157.6 levels. Traders can go short only if Lead closes below 157.6  levels, until then hold long positions.

Nickel (659.8):  Analysis would remain same. Nickel is still in negative trend. Traders should initiate long only above 676.24 levels, until then every positive movement is a selling opportunity.

Aluminium (124.85):  Aluminium has entered into consolidation range. Aluminium closed just above our reversal level of 124.43.  Traders can initiate short positions only if Aluminium future closes below 124.43 levels.

PS: MCX Predictions are for swing traders or Positions traders and not for intraday traders. Intraday traders should trade with proper stoplosses or Join EquityPandit’s MCX Services for good profits.

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