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SILVER:-

After long consolidation phase, MCX SILVER prices have managed to close above the key moving averages on daily chart. Prices are now trading above the 100 EMA level on daily chart on closing basis which is now seen near 64300 level. It will act as immediate support for the prices. On the upside, MCX SILVER prices will face resistance at 66300 level, breaking above which prices are likely to head towards 70000 level in coming sessions.

BUY MCX SILVER DEC IN THE RANGE OF 65000 TO 65500 FOR THE TARGET OF 66500/68000 WITH STOP LOSS BELOW 64000.

CRUDE OIL:-

MCX CRUDEOIL prices have been trading in a strong uptrend since last few weeks. The RSI indicator on daily and weekly charts suggests further strength in the momentum on the upside. Any dip in the prices can be used as an opportunity to go long in the counter.

BUY MCX CRUDEOIL NOV IN THE RANGE OF 6200-6250 FOR THE TARGET OF 6600/ 6800 WITH STOP LOSS BELOW 6000.

NATURAL GAS:-

MCX NATURAL GAS prices have consolidated from recent highs. Prices are likely to continue the primary trend on the upside in coming sessions. Strong support for the prices is seen at 370 level on closing basis. Any dip in prices can be used to go long for the coming sessions.

BUY MCX NATURALGAS NOV IN THE RANGE OF 395 TO 400 FOR THE TARGET OF 430/450 WITH STOP LOSS BELOW 380.

CASTORSSED:-

Technically, NCDEX CASTORSEED prices are trading strong above key averages on daily chart. The uptrend is likely to strengthen more in the coming sessions. We expect prices crossing 6600 mark in the coming week which can take prices even higher towards 7000 mark.

BUY NCDEX CASTORSEED NOV IN THE RANGE OF 6400 TO 6450 FOR THE TARGET OF 6800/7000 WITH STOP LOSS BELOW 6200.

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