Gold
Not able to breach its resistance level of
26630 and slipped again to 26211 mark. Below 26430... our target was
26250---26180
Now
what to expect???
Support
at 26180 and Resistance at 26430
Below
26180... it could test 26130---26080. Decisive break and sustain below 26080
will take to 25930---25850 mark else it could test its resistance level of
26350---26430 again
Further
upside rally seen only close above 26430 mark
Traders
can trade with levels only
Silver
Told
to sell around 35900 with stop loss of 36400. Too recommended fresh selling
below 35400 mark. Crashed and made a low of 34705 and trading around 34800
Now
what to expect???
Two
consecutive closes below 35150 will see free fall in Silver till 34200---33700
and then to 33000 mark
Above
35300... will expect dead cat bounce till 35800---36050 mark
Any
sharp rise will be selling opportunity... Stop loss intact 36400 for positional
traders
Copper
Support
at 329 and Resistance at 334.50
Close
below 329 will take to 325---322 mark else it could test its resistance level
of 334.50 and then to 337---340 again
Trade
with levels only
Crude
oil
Support
at 2930---2880 and Resistance at 3030---3130
Crude
oil is trading in a very tight range and we will expect that this range bound
trading remain continues in today's trading session too
Above
3030... we will expect dead cat bounce till 3090---3130 mark again. Three
consecutive closes + weekly close above 3130 will see fire in Crude oil else it
could test its support level of 2930---2880 again
Further
panic seen only close below 2880 mark
Traders
can trade with levels only
More
will update soon...
