Gold
Not able to breach its resistance level of 27370 and slipped
again to 27102 mark. We recommended fresh selling around 27150 mark
Now what to expect???
Decisive break and sustain below 27060 will take to
26890---26730 and then to ???
Else it could test its resistance level of 27230---27280 and
then to 27400 mark again
Gold has major hurdle at 27450---27600. Trade safely with
levels only. Any reversal seems will update.
Silver
Not able to breach its resistance level of 37800 and slipped
again. CMP 37300
Now what to expect???
Support at 37200---37050 and Resistance at 37800
Still looks weak and could test its support level
37200---37050. Decisive break and sustain below 37050 will see further panic
till 36700----36300 and then to 35500 mark in days to come
Fresh buying can initiate only weekly close above 37800 mark
Trade with levels only.
Copper
Support at 345 and Resistance at 352
Closes below 345 will take to 343---342. Two consecutive
closes below 342 will see further panic till 338---335 mark in days to come
else it could test its resistance level of 352 again
Further upside rally seen only close above 352 mark
Trade with levels only
Crude Oil
Support at 3000 and Resistance at 3080
Above 3080... it could test 3130---3180 and then to 3250+
mark in days to come else it could test its support level of 3000 again
Close below 3000 will take to 2960---2920 and then to 2880
mark
Crude oil is now trading in a box pattern chart having
support at 2900 and resistance at 3300. We will expect range bound trading in
Crude oil for time being.
More will be update soon!!
