Today in evening session we will expect high volatility in
metal and energy segment. Bias looks negative today but trade safely with
levels only.
Just trade with
levels only....
Gold
Support at 26630 and Resistance at 26830
Decisive break and sustain below 26630 will take to 26470---26430 and then to 26280 mark in days to come else it could test its resistance level of 26830 again
Above 26830 will see further upside rally till 26890---26960 and then to 27060 mark
Looks choppy and has no clear direction... So traders can trade in a range with strict stop loss and wait for confirmation. Anything seems will update
Silver
Support at 36600 and Resistance at 37000---37400
Decisive break and sustain below 36600 will take to
36200---35800 and then to 35300 mark else it could test its resistance level of
37000---37400 again
Further upside rally seen only close above 37400 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
Crude Oil
Unable to breach its resistance level of 3300 and crashed
vertically to 3042 mark
Now what to expect???
Support at 3030 and Resistance at 3130
Decisive break and sustain below 3030 will take to
2970---2930 and then to 2880 mark in days to come else it could test its
resistance level of 3130 again
Above 3130 will see further upside rally till 3190---3230
and then to 3300 mark
Trade with levels only
