Gold
Support at 26240 and Resistance at 26560
Once break and sustain above 26560 will take to
26730---26890 else it could test its support level of 26240. Once break and
sustain below 26240 will see further panic till 26130---26080 mark
Three consecutive closes below 26080 will take to ???
Trade with levels only as market we will expect range bound
trading in Gold though bias remain positive but trade with levels only
Silver
Support at 36300 and Resistance at 36900---37300
Above 36900... it could test 37300 mark. Closes above 37300
will take to 37900---38500 and then to 38500+ mark in days to come else it
could test its support level of 36300 again
Close below 36300 will take to 35900---35600 and then to
35200 mark
Trade with levels only
Copper
Support at 337---334 and Resistance at 348---355
Close below 340 will take to 337---334 and then to 329 mark
else it could test its resistance level of 345----348 and then to 355 mark in
days to come
We will expect range bound trading in Copper for this week.
So traders can trade safely with levels only.
Crude Oil
Told to buy on Monday around 3010--3000 and booked profit
around 3050. Currently trading around 3040
Now what to expect???
Support at 2970 and Resistance at 3090---3130
It looks positive and could test its resistance level of
3090---3130 again. Three consecutive closes + weekly close above 3130 will see
fire in Crude oil till ???
Below 2970 will see panic till 2920---2880
Further panic seen only weekly close below 2880 mark.
Chances are unlikely to breach 2880 mark but trade safely with levels only.
More will be update soon!!
