Gold
Support at 25050---24960 and Resistance at 25280
Looks weak and could test its support level of
25050---24960. Close below 24960 will see panic till 24800---24650 mark.
Further downside panic will see only close below 24650 mark else it could test
its resistance level of 25280 again
Gold has major hurdle at 25440---25600 and it is unlikely to
breach its resistance level of 25600 in near terms
On Comex division... Support at $1068 and resistance at
$1089
Close below $1068 will see further panic till $1053---$1045
and then to $1024 mark in days to come. Further upside rally seen only weekly
close below 980 mark
Else it could test its resistance level of $1081---$1089 and
then to $1110. Chances are unlikely to breach its resistance level of $1110 in
near terms
So traders can trade with levels only and be cautious at
upper levels
Silver
Support at 34050 and Resistance at 34500
Close below 34050 will take to 33500---33200. Three
consecutive closes+ weekly close below 33000 will see free fall in Silver till
???
Fresh buying can initiate only close above 34500 mark
Close above 34500 will take to 34900---35300. Further upside
rally seen only weekly close above 35300 mark
Traders can trade with levels only
Copper
Below 312... our target was 309---306. Just made
a low of 308.35
Now what to expect???
Support at 306 and Resistance at 315
Two consecutive closes below 306 will see free fall in
Copper till 289---283 and then to 276 mark in days to come
Else it could test its resistance level of 315 and then to
319---324 again
Further upside rally seen only weekly close above 324 mark
Trade with levels only
Nickel
Below 576... will see panic till 552---529 and then to 480
mark in days to come
Any sharp rise will be selling opportunity in it
Hurdle intact at 600
Close above 600 will see further upside rally till
610---625. 625 act as major hurdle in Nickel
Trade with levels only.
Crude oil
We recommended buying in Crude oil above 2410. Flared and
made a high of 2537. Our target was 2480---2540
Now what to expect???
Hurdle at 2550. Two consecutive close above 2550 will see
further upside in Crude oil till 2630---2680 mark
2730 act as major hurdle and unlikely to breach its
resistance level of 2730 in near terms. We will expect zig zag move in Crude
oil
Below 2480 will see further panic till 2450---2420 and then
to 2360 mark in days to come
Traders can trade with levels only
Natural Gas
Above 125... our target was 133---138. Just made a high of
139.10
Now what to expect???
Support at 133 and resistance at 141---144
Now traders remain cautious at upper levels as correction
due in it. Further upside rally seen only close above 144 mark
Below 133.... will see further panic till 128---125 and then
to 121 mark in days to come
Traders can trade with levels only.
More will be update soon!!
