Gold
Made a high of 30161 and slipped again. Gold is forming rising wedge pattern on daily chart
Now what to expect???
Support at 29400 and Resistance at 29900---30200
It looks weak and could test its support level of 29400. Once break and close with volume below 29400 will see sharp downside panic till 28900----28600 mark in days to come else it could test its resistance level of 29900---30200 mark
Trade with levels only
Silver
Support at 36600 and Resistance at 37400---38300
Below 36900 it could test 36600. Two consecutive closes below 36600 will see sharp downside rally till 36000---35700 mark.
Further downside panic will see only weekly close below 35700 mark else it could test its resistance level of 37400---38000---38300 again
Trade with levels only... Anything seems will update
Crude oil
Not able to breach its resistance level of 2280 and moved up sharply to 2595 mark and now trading around 2480
Now what to expect???
Support at 2465 and Resistance at 2530
Break and sustain below 2465 will take to 2405---2360 mark else it could test its resistance level of 2530 again
Close above 2530 will see further upside rally till 2580---2640 mark
2640 act as major hurdle in Crude oil... Trade with levels only
Natural Gas
Support at 114 and Resistance at 118---121
Close above 118 will take to 121. Two consecutive closes above 121 will see further upside rally till 125---128+ mark in days to come
Else it could test its support level of 114 and then to 111---109 mark
Trade with levels only
More will be update soon only on our Android App!!
