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Thursday, March 3, 2016

Update on Gold, Silver, Crude oil, Copper and Nickel 03 Mar 2016









Gold




Today told to buy Gold around 29400 with stop loss below 29240. Flared like anything and hit 29616 mark. 


Now what to expect???


Still looks positive and could test its resistance level of 29680--29750 and then to 29900 mark in days to come

In panic will buy... Stop loss intact 29240

On Comex division... Three consecutive closes + weekly close above $1249 will see sharp upside rally till $1286---$1304 and then to $1339

Support and Stop loss below $1220








Silver




Told to buy above 36600 with stop loss below 36050. Just made a high of 36880


Now what to do???


Above 36600.... our target was 37150---37400. Further upside rally will see only weekly close above 37400 mark

Trade with levels only







Crude oil




From last three consecutive sessions we are  reminding you that Crude oil has support at 2280 and we will do fresh selling only belo 2280 mark. It unable to breach and made a high of 2373


Now what to expect???


Close above 2400 will see further upside rally till 2455---2480 and then to 2530+ mark in days to come

Support intact at 2280






Copper




Told to buy around 326.50---326. Just made a high of 331.40


Now what to expect???


Close above 332... we will see further upside rally till 337---341+ mark in days to come

Revise stop loss at cost to cost







Nickel




Support at 570 and Resistance at 600

Close above 600 will take to 625---640+ mark in days to come.

In panic will buy... Stop loss below 570 on closing basis










More will update soon....!!