Gold
Support at 28600 and Resistance at 29000---29150
If it unable to breach its support level of 28600 then it could test its resistance level of 29000---29150 again
Further upside rally seen only close above 29150 mark else it could test its support level of 28600
Two consecutive closes below 28600 will take to 28400---28250 mark
Fresh selling can initiate only weekly close below 28200
Trade safely with levels only
Silver
Support at 35800 and Resistance at 36400
Close above 36400 will take to 36900---37200 and then to 37600+ mark in days to come else it could test its support level of 35800 again
Three consecutive closes + weekly close below 35800 will take to ???
Trade with levels only
Copper
Support at 313 and Resistance at 318
Close below 313 will take to 309---306 mark else it could test its resistance level of 318 again
Two consecutive closes above 318 will take to 323---327+ mark
Trade with levels only
Zinc
Told to sell below 121.20 with stop loss above 122.20. Booked full profit around 119.00
Now what to expect???
Support at 118 and Resistance at 121
Three consecutive closes below 118 will take to 112---108 and then to 103 mark in days to come else it could test its resistance level of 121 again
Close above 121 will take to 124---125.50 mark
125.50 act as major hurdle in Zinc and chances are unlikely to breach its resistance level of 125.50 in near terms but trade safely with levels only
Aluminium
Told to sell below 101.20 with stop loss above 102.20. Made a low of 99.45 and now trading around 100
Now what to expect???
Close below 99.40 will take to 98.60---97.80 mark. Three consecutive closes + weekly close below 97.80 will see free fall in Aluminium
Revise stop loss above 101.50
Lead
Support at 112.90 and Resistance at 114.80
Close below 112.90 will take to 111.50---110 mark else it could test its resistance level of 114.80 again
Further upside rally will see only close above 114.80 mark
Trade with levels only
Crude oil
Not able to breach its support level of 2350 and bounced back again to 2482
Now what to expect???
Support at 2430---2380 and Resistance at 2500
Close above 2500 will see further upside rally till 2560---2590 and then to 2630 mark in days to come else it could test its support level of 2430---2380 again
Further downside panic will see only close below 2350 mark
Trade with levels only
More will update soon!!
