Gold
Below 26180... our target was 26130---26080 and below 26080
our target was 25930---25850. Just made a low of 26031
Now what to expect???
Below 26020... it could test 25930---25850 and then to 25700
mark
Revise stop loss of 26244
Silver
Two consecutive closes below 35150 will see free fall in
Silver till 34450---34200 and then to 33700 mark else it could test its
resistance level of 35050---35300 again
Above 35300... will expect dead cat bounce till
35800---36050 mark
Trade with levels only
Copper
Not able to breach its support level of 329 and
bounced back sharply to 340.50. We recommended buying around 335 mark
Now what to expect???
Two consecutive closes above 334.50 will take to 343---347
and then to 355+ mark in days to come
Fresh selling can initiate only close below 329 mark
Trade with levels only
Crude oil
Support at 2930---2880 and Resistance at 3050---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 3050... 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 be update soon!!
