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Here are the current levels and analysis for MCX (Multi Commodity Exchange) in a 1-hour time frame:
Current Price: 6,140.00
Resistance Levels:
6,200.00 (short-term resistance)
6,250.00 (medium-term resistance)
Support Levels:
6,100.00 (short-term support)
6,050.00 (medium-term support)
Analysis:
MCX is trading within a narrow range of 6,050.00 to 6,200.00.
The index has been trending upwards in the past few days, but it's currently consolidating.
The short-term resistance level at 6,200.00 is a strong level that MCX needs to break above to continue its upward momentum