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Friday, April 1, 2016

Update on Gold, Silver, Copper and Crude Oil 01 April 2016





Gold



Support at 28700 and Resistance at 28900


Break and sustain below 28700 will take to 28620---28550 and then to 28400 mark. More and more downside panic will see only close below 28700 mark else it could test its resistance level of 28900 again


Break and sustain above 28900 with volume will see further upside rally till 29050 and then to 29450---29600 mark


Traders can trade with levels only








Silver



Support at 36200---35900 and Resistance at 37000


Close above 37000 will take to 37300---37450 and then to 38000 mark else it could test its support level of 36200---35900 again


Three consecutive closes + weekly close below 35900 will see free fall in Silver


Trade with levels only









Copper




Support at 318.50---317 and Resistance at 324


Two consecutive closes above 324 will take to 329---334+ mark in days to come else it could test its support level of 318.50---317 mark again


Further downside panic will see only weekly close below 317 mark


Trade with levels only







Crude oil




Close below 2500 will take to 2430---2380 mark


Hurdle intact at 2560---2630


Traders can trade safely with levels only... Anything seems will update via App.














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