Silver
Support at 41000 and Resistance at 41800
Two consecutive closes below 41000 will take to 40200---39800 mark else it could test its resistance level of 41800 again
Further upside rally will see only close above 41800 mark
Close above 41800 will take to 42400---42800 and then to 43500+ mark in days to come
Trade safely with levels only
Copper
Panic continues and made a low of 313.80. We recommended selling below 324 and 318 mark
Now what to expect???
Support at 313 and Resistance at 320.50
Close below 313 will see further downside panic till 308---305. Three consecutive closes + weekly close below 305 will see free fall in Copper else it could test its resistance level of 318---320.50 again
Further upside rally will see only close above 320.50 mark
Trade safely with levels only
Zinc
Support at 121 and Resistance at 126
Looks weak and could test its support level of 121. Two consecutive closes below 121 will see more downside panic in it else it could test its resistance level of 126 again
Further upside rally will see only close above 126 mark but be cautious at upper levels in Zinc.
Anything seems will update via App.
Crude Oil
Not able to breach its support level of 2990 and bounced back sharply to 3036 mark
Now what to expect???
Support at 2950 and Resistance at 3050
Close above 3050 will take to 3120---3150 and then to 3230+ mark in days to come else it could test its support level of 2950 again
Further downside panic will see only close below 3050 mark
Trade safely with levels only
Natural Gas
Support at 136---133 and Resistance at 146
Either side break or close with volume will decide further.. Till then traders can trade safely with levels only and wait for confirmation
Anything seems will update via App.
More will update soon..!!
