Gold
Panic continues... Told to sell below
29550---29580. Now trading around 29080. Today in morning too indicated to sell
around 29200 mark
Now what to expect???
Break and sustain below 29070 will see more
downside panic till 28900. Three consecutive closes + weekly close below 28900
will take to ???
Immediate hurdle at 29420. While major
hurdle at 29900
(For positional traders)
Silver
Told to sell around 39350---39400. Just made
a low of 39225
Now what to expect???
Close below 39400 will take to 38800---38500
and then to 38000 mark in days to come
Hurdle intact at 39850
Copper
Support at 311.00---305.50 and Resistance at
315.00
Break and sustain below 311.00 will take to
308---305.50. Three consecutive closes + weekly close below 305.50 will see
free fall in Copper else it could test its resistance level of 315.00 again
Upper side seems limited in Copper but trade
with levels only
Zinc
Support at 122.00---121.00 and Resistance at
124.50
Three consecutive closes + weekly close below
121 will see free fall in Zinc till 116---114 mark in days to come
Else it could test its resistance level of
124.50 again
Further upside rally will see only close
above 124.50 mark
Trade with levels only
Lead
Support at 111.00 and Resistance at 113.00
Two consecutive closes below 111 will take to
108---105.50 mark in days to come else it could test its resistance level of
113 again
Further upside rally will see only close
above 113.00 mark
Trade with levels only
Crude oil
Yesterday we recommended buying in Crude oil
around 3245---3235 with stop loss below 3180. It made a high of 3339. Yesterday
we booked full profit around 3315---3320
Now what to expect???
Support at 3300 and Resistance at 3340---3370
Three consecutive closes + weekly close above
3370 will see non stop rally in Crude oil else it could test its support level
of 3300 again
Close below 3300 will see further downside
panic till 3240---3180 mark
3180 act as major support for Crude oil
More will update soon!!
Gold
