Last week Global
Market Closing Rate
|
Global Market
|
Last Close
|
% Change
|
|
Gold
|
$1088.70
|
-1.41
|
|
Silver
|
$13.91
|
-0.14
|
|
Crude
|
$29.7
|
-10.43
|
|
NG
|
$2.091
|
-15.41
|
|
Copper
|
$2.016
|
-5.17
|
Technical outlook for the week
Gold
Previous Close 26112
This week, Gold has support at 25920
and resistance at 26240.
Silver
Previous Close 34054
This week, Silver has support at
33500-34600 and resistance at 34600
Crude Oil
Previous Close 2083
This week, Crude oil has support at
1980 and resistance at 2070
Natural Gas
Previous Close 142.90
This week, Natural gas has support at
141 and resistance at 147.
Copper
Previous Close 294.65
This week, Copper has support at 289
and resistance at 300---306.
Nickel
Previous Close 572.10
This week, Nickel has support at
542---529 and resistance at 585
Weekly Recommendations
Traders can trade in a range with levels only in Gold and
wait for confirmation.
Traders can buy Silver around 33800---33300 with stop loss
below 32600 on closing basis for the initial target of 34600---35350.
Traders can trade in a range with strict stop loss in Crude and
wait for confirmation along with it traders can try to avoid short sell
position at this stage and wait for reversal.
Traders can trade in a range (given above) in Natural gas with
strict stop loss and wait for confirmation.
Traders can trade in a range (given above) in Copper with
strict stop loss and wait for confirmation.
Traders can trade in a range (given above) in Nickel with
strict stop loss and wait for confirmation.
www.indianmarketview.com
