MCX Commodity Tips for 7th May


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Gold is in sideways trend. Gold support is at 26880 and 26730; Resistance is at 27450 and 27580. Gold prices are expected to witness a range bound move from 27400 to 26800. Prices are witnessing pressure from higher end.

Silver is in sideways trend. Silver support is at 44650 and 43900. Resistance is at 45450 and 45850. Silver prices are expected to trade within 45800 to 43800.

Copper is in sideways trend. Copper support is at 393 & 390. Resistance is at 401 & 404. Copper prices are expected to test 403-404 on higher end.

Crude is in sideways trend. Crude support is at 5140 & 5080. Resistance is at 5245 & 5280. Crude prices may witness a range bound move from 5235-5135.
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