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Thursday, April 21, 2016

Update on Bullions and Base Metal 21 April 2016






 

Gold



 Support at 29150 and Resistance at 29450---29600

Looks positive and could test its resistance level of 29450---29600. Three consecutive closes + weekly close above 29600 will take to 30200---30500+ mark in days to come

Below 29150... will see further downside panic will 29000---28850 and then to 28700 mark

Traders can trade with levels only








Silver





 Support at 40000 and Resistance at 40500

Above 40500.. we will see further upside rally till 41000---41200 and then to 41500+ mark in days to come

Fresh selling can initiate only close below 40000 mark

Trade with levels only









Copper





Above 324... target intact 330---334+ mark in days to come

Fresh selling can initiate only close below 324 mark

Trade with levels only










Nickel







Support at 610 and Resistance at 625

Looks positive and could test its resistance level of 625. Two consecutive closes + weekly close above 625 will see further upside rally till 640---655+ mark in days to come

Fresh selling can initiate only close below 610 mark

Trade with levels only







Lead







Support at 114 and Resistance at 117.50

Two consecutive closes above 117.50 will take to 120---121 and then to 124+ mark in days to come

Fresh selling can initiate only weekly close below 114 mark

Trade with levels only









Zinc





Support at 125.50 and Resistance at 128

Two consecutive closes above 128.00 will take to 131---133.50+ mark in days to come

Fresh selling can initiate only close below 125.50 mark

Trade with levels only


























More will update soon....!!