Gold
Support at 28220 and Resistance at 28560
Close below 28220 will see further downside panic till 28050---27900. Three consecutive closes + weekly close below 27900 will see free fall in days to come else it could test its resistance level of 28560 again
Close above 28560 will take to 28720---28780 and then to 28900+ mark
Trade with levels only
Silver
Not able to breach its resistance level of 37000 and slipped again to 36241.
Now what to expect???
Close below 36450 will take to 36000---35700. More and more downside panic will see only weekly close below 35700 mark else it could test its resistance level of 36700---37000 again
Traders can trade with levels only.. Anything seems will update via SMS
Copper
Support at 328 and Resistance at 334
Close below 328 will take to 321---318 mark else it could test its resistance level of 334 again
On rise sell it!! Stop loss above 334 on closing basis
Zinc
Told to sell below 118.80 with stop loss of 120.30. It made a low of 117 and now trading around 117.50
Now what to do???
Close below 117.00 will see more downside panic till 114---112.50 and then to 108.00 mark in days to come
Hurdle intact at 119---120.50
Nickel
Support at 570 and Resistance at 590---600
Two consecutive closes below 570 will take to 540---525 mark else it could test its resistance level of 590---600 again
Traders can trade with levels only
Crude oil
Below 2640... our target was 2580---2550. Just made a low of 2588
Now what to expect???
Support and target intact 2580---2550. Two consecutive closes below 2550 will see free fall in Crude oil till 2430---2380 and then to 2280 mark in days to come
Else it could test its resistance level of 2640 and then to 2685---2700 mark
Trade with levels only
