Gold
Not able to breach its support level of 26240 and bounced back sharply again. Told to buy around 26650---26620. Flared like anything and made a high of 26872 and now trading around 26820
Now what to expect???
Support at 25650---26500 and Resistance at 26900
Above 26900... it could test 27050---27200 and then to 27450+ mark in days to come else it could test its support level of 26650---26500 again.
Two consecutive closes above 26700 will take to 27450---27800+ mark in days to come
In panic will buy.. Stop loss below 26500 on closing basis
Silver
Support at 36700---36300 and Resistance at 37400
Two consecutive closes above 37400 will see sharp upside rally till 37900---38500 and then to 39300+ mark in days to come else it could test its support level of 36700---36300 again
Further panic seen only close below 36300 mark
Trade with levels only
Copper
Support at 347---343 and Resistance at 351.20
Decisive break and sustain above 351.20 will take to 355---358 and then to 363+ mark in days to come else it could test its support level of 347---343 again
Further downside panic seen only close below 343 mark
Traders can trade with levels only
Crude Oil
Support at 3180---3130 and Resistance at 3290---3330
Either side break or close with volume will decide further. Till then traders can trade in a range with strict stop loss and wait for confirmation.
Anything seems will update.
More will be update soon!!
