Gold
Yesterday... we recommended selling in Gold below 25880 for
the initial target of 25780---25730. It made a low of 25732 and now trading
around 25780.
Now what to expect???
Below 25730.... will see panic till 25660---25600. Three
consecutive closes + weekly close below 25600 will see further panic in Gold
till 25280---25230 and then to 24900 mark in days to come else it could test
its resistance level of 26930---27080 again
Trade with levels only
Silver
Just made a low of 35337. We recommended selling below 35700
mark. Holding short from 36300
Now what to expect???
Below 35300... will see further panic till 34800---34300
mark
On rise sell it!! Stop loss above 36100 mark
Crude Oil
Unable to breach its resistance level of 3180 and crashed
vertically to 3044 mark. We recommended selling below 3125 level
Now what to expect???
Close below 3030 will see further panic till 2990---2960
mark. Further downside panic seen only close below 2960 else it could test its
resistance level of 3130---3180 again
Current trading range 2960---3180
Traders can trade safely with level only and wait for
confirmation. Anything seems will update.
Natural Gas
Support at 144 and Resistance at 156
It looks weak and could test its support level of 144.
Weekly close below 144 will see further panic till 135---128 and then to 121
mark in days to come else it could test its resistance level of 156 again
Further upside rally seen only close above 156 mark
Traders can trade with levels only.
More will be update soon!!
