Gold (28353): Gold is still in negative zone. Gold Future will see reversal once it closes above  28470.22. Traders can initiate fresh long position if Gold Future closes above 28470.22, until then hold short positions for now.

Silver (41432): Silver opened gap negative but recovered sharply above our levels of 41173 on closing basis. 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 41684.

Crude (3608): Analysis would remain same. Crude is still in positive trend. It would enter into negative zone if it closes below 3561.3 levels. Traders should initiate short only if it closes below 3561.3 levels. For now traders can hold long position until Crude future closes below 3561.3 levels.

Natural Gas (228.9): NG Future has entered into positive zone. Traders can hold long positions until NG Future closes below 225.06 levels.

Copper (404.4): Analysis would remain same. Copper is still 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 (187.2): 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 (156.25): Lead has entered into negative zone. EquityPandit suggested traders to go short only if Lead closes below 157.6 levels and same happened. Now traders can hold short positions until Lead future closes above 162.04.

Nickel (645.1):  Analysis would remain same. Nickel is still in negative trend. EquityPandit suggested traders to go short in Nickel future since 688 levels. Nickel closed at 645 in last trading session generating huge profits for traders who followed EquityPandit’s advice.  Traders can hold short until Nickel closes above 664.76 levels.

Aluminium (124.1):  Aluminium has finally entered into negative zone. Traders can hold short positions until Aluminium closes above 126.31, above which fresh long can be taken.

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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