MCX Crude Oil January for 28 dec

The January contract crude oil prices were up on
previous session as after testing a high of 3839 it
settled at 3826 levels. Prices are expected to
move up and the next resistance can be seen at
3866 levels. However a slight correction can be
expected and the supports may be seen at 3805-
10 levels and breach of 3800 may see prices to
test 3785-80 levels. We recommend buying on
dips for the day.

MCX Copper February news for 28 dec

The February contract copper prices wereinitially up and after testing a high of 279.40 itresumed a down trend. Market fell till 271.75 andsettled at 273.45 levels. Prices are expected tocome down with a slight pullback. The immediateresistance can be seen at 275 levels. Thesupports can be seen at 270 and breach of thesame may see prices to test 268 levels. Werecommend selling around 275 for a possibletarget of 270 with stop loss above 277 levels.

MCX Gold February

The February contract gold prices were up onprevious session as after testing a high of 10567it settled at 10539 levels. Prices are expected tomove up and the next immediate resistance canbe seen at 10566 levels. Only on break of 10566may see prices to test 10600 levels. Thesupports can be seen at 10530 and then 10490.We recommend buying on dips for todays tradingsession.