Gold
Support at 28850 ad Resistance at 29240
Looks positive and could test its resistance level
of 29240. Decisive close above 29240 will see further upside rally till
29400---29550+ mark
Fresh selling can initiate only close below 28850
mark
Traders can buy and accumulate Gold in panic with
strict stop loss below 28850 on closing basis for the initial target of 29240
Silver
Support at 38000 and Resistance at 38550---38800
Break and sustain below 38000 will take to
37600---37200 mark. More and more panic will see only close below 37200 level
else it could test its resistance level of 38550---38800 again
Two consecutive closes above 38800 will take to
39400---40000+ mark in days to come
Traders can trade with levels only
Copper
Support at 314---310 and Resistance at 319---324
It looks choppy and has no clear direction... So
traders can trade safely with levels only and wait for confirmation.
Anything seems will update via App.
Nickel
Told to buy Nickel around 590. Just made a high of
599.90 and currently trading around 597
Now what to expect???
Support at 587 and Resistance at 603
Close above 603 will take to 613---619 and then to
625+ mark in days to come else it could test its support level of 587 again
Further downside panic will see only close below
587 mark
Trade with levels only
Crude Oil
Support at 2540 and resistance at 2640---2690
Close below 2540 will take to 2450---2380 mark.
More and more downside panic will see only weekly close below 2350 mark else it
could test its resistance level of 2640---2690 again
Further upside rally will see only close above 2690
mark
Trade with levels only
Natural Gas
Support at 125.50 and Resistance at 129.00
Two consecutive closes above 129.00 will take to
133---137.50+ mark in days to come else it could test its support level of
125.50 again
Further downside panic will see only close below
125.50 mark
Trade with levels only
More will update soon....
