Gold
Yesterday... we recommended buying in Gold above
26830 with stop loss of 26630. Flared like anything and made a high of 27208
mark. We booked full profit around 27170.
Today... again we recommended selling in Gold below 27100
with stop loss of 27230. It crashed vertically and made a low of 26930 mark
Now what to expect???
Support at 26890 and Resistance at 27230
Decisive break and sustain below 26890 will take to
26730---26570 mark in days to come else it could test its resistance level of
27150---27230 again
Further upside rally seen only close above 27230 mark
Trade with levels only
Silver
Silver... Not able to breach its support level
of 36600 and bounced back sharply to 37580 mark.
Now what to expect???
Support at 36600 and Resistance at 37800
Decisive break and sustain below 36950 will take to
36700---36600 mark. Two consecutive closes below 36600 will see further panic
till 35800---35300 mark in days to come else it could test its resistance level
of 37800 again
Further upside rally seen only close above 37800 mark
Trade with levels only
Copper
Support at 343 and Resistance at 352
Copper is trading in a range and either side break or close
with volume will decide further... So traders can trade safely with levels
only.
Anything seems will update
Nickel
Support at 670 and Resistance at 700
Looks positive and could test its resistance. Two
consecutive closes above 700 will see further upside rally till 730---745+ mark
in days to come
Fresh selling can initiate only close below 670 mark
Close below 670 will take to 640---625 and then to 610 mark
in days to come
Trade safely with levels only
Crude oil
Support at 3000 and Resistance at 3080
Decisive break and close above 3080 will take to 3150---3180
and then to 3250+ mark in days to come else it could test its support level of
3000 again
Two consecutive closes below 3000 will see free fall in
Crude oil till 2930---2880 and then to 2800 mark in days to come
Trade with levels only
More will be updated soon!!
