May 29, 2014

MCX Commodities

CRUDE... broader trend is down and will worsen below 5950.

Current rally is a bear market rally and is likely to face strong resistance at 6300 levels.

GOLD trend is down.. recent strong support at 28000... SL if you are short 27500

NATURAL GAS.... weekly chart... trend is down but expect very good support at 250

SILVER trend is down on weekly charts... I expect support at 40000 to break.

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