MCX Daily Precious Metals Report

CS GOLD (OCT) OVERVIEW: TREND : SIDEWAYS RESIST 
2: 29810 RESIST
1: 29730 SUP
1: 29590 SUP
2: 29480
CS SILVER (SEP) OVERVIEW: TREND : SIDEWAYS RESIST
 2: 38370 RESIST
1: 38200 SUP
1: 37940 SUP
2: 37800

Base Metals

CS COPPER (AUG) OVERVIEW: TREND : SIDEWAYS RESIST
 2: 430.00 RESIST
 1: 426.00 SUP
1: 418.00 SUP
2: 415.00
 CS NICKEL (AUG) OVERVIEW: TREND : BULLISH RESIST
2: 976.00 RESIST
 1: 964.00 SUP
 1: 945.00 SUP
 2: 938.00
 CS ZINC (AUG) OVERVIEW: TREND : BEARISH RESIST
 2: 186.00 RESIST
 1: 184.00 SUP
 1: 179.00 SUP
 2: 177.00
 CS LEAD (AUG) OVERVIEW: TREND : SIDEWAYS RESIST 
2: 150.00 RESIST
 1: 147.50 SUP
 1: 143.50 SUP
2: 141.50
 CS ALUMINIUM (AUG) OVERVIEW: TREND : BULLISH RESIST
 2: 148.50 RESIST
 1: 146.50 SUP
1: 140.50 SUP
2: 138.50
 Energies 
CS CRUDE OIL (AUG) OVERVIEW: TREND : BEARISH RESIST
 2: 4670 RESIST
1: 4640 SUP
 1: 4570 SUP
 2: 4530

MCX CRUDE AUG on Thursday as seen in the Daily chart opened at 4585 levels and made day low of 4566 levels. During this period crude came up to 4635 levels and finally closed at 4602 levels. Now, there are chances of down movement technically & fundamentally.

•  Oil prices on Friday edged up on worries that reimposed U.S. sanctions against Iran would tighten supplies, although the escalating trade dispute between Washington and Beijing held markets back from further gains.
•  On a weekly basis, Brent is set for a 1.5 to 2 percent fall, while WTI is heading for a drop of around 2.5 percent.

DAILY RECOMMENDATION: SELL MCX CRUDE OIL AUG BELOW 4600 LEVELS FOR TARGET OF 4560/4520 WITH SL 4675 OF LEVELS

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