Last week Global Market Closing Rate
|
Global Market
|
Last Close
|
% Change
|
|
Gold
|
$1118.1
|
1.85
|
|
Silver
|
$14.25
|
1.71
|
|
Crude
|
$33.76
|
4.68
|
|
NG
|
$2.304
|
8.12
|
|
Copper
|
$2.061
|
2.95
|
Technical outlook
for the week (1 - 5 Feb 2016)
Gold
Previous
Close 26745
This
week, Gold has support at 26570---26410 and resistance at 26950---27225.
Silver
Previous
Close 34750
This
week, Silver has support at 34500 and resistance at 35400
Crude Oil
Previous
Close 2286
This
week, Crude oil has support at 2230 and resistance at 2350
Natural Gas
Previous
Close 155.90
This
week, Natural gas has support at 150 and resistance at 157.
Copper
Previous
Close 311.60
This
week, Copper has support at 308 and resistance at 314.
Nickel
Previous
Close 588.70
This
week, Nickel has
support at 576 and resistance at 600
Soyabean
Previous
Close 3726
This
week, Soyabean has support at 3660---3550 and resistance at 3850
Weekly Recommendations
Traders can sell
Gold on rise around 26900 with stop loss of 27225 for the initial target of
26570---26410.
Don’t jump to
buy Silver. In panic will buy around 33800---33500 with stop loss below 33000
for the initial target of 35400.
Traders can trade in
a range (given above) with levels in Crude oil and wait for
confirmation.
Traders holding
long in Natural gas as per our level can
book part profit and revise stop loss below 150 on closing basis.
Buy Copper above
314 with stop loss below 308 for the initial target of 319---324.
Traders can trade
in a range (given above) in Nickel with strict stop loss and
wait for confirmation.
Traders can
trade in a range (given above) in Soyabean with levels only and wait for confirmation.
www.indianmarketview.com
