Gold
In Comex
Division
Gold has support at $1210.00
and resistance $1225.00, trend is still looking negative.
If closes below $1210.00 we
can see downside panic till $1190.00---$1180.00
Further downward panic can be
seen below $1180, else could test its resistance level of $1225.00.
Silver
In Comex
Division
Support at $16.00 and Resistance
at $16.60,
Closes below $16.00 will take it to $15.50, more downside panic can
be seen if close below $15.50
Further upside rally can be
seen if closes above $16.60
Trend in Silver is still
looking weak.
Trade with levels only.
Crude Oil
In Comex Division
Crude oil has support $48.00 at
and resistance at $50.20.
Close below $48.00 will take
it to $46.70---$46.00 mark in days to come, else could test its resistance
level of $50.20
Further upside rally can be
seen if closes above $50.20
Trade With levels only.
Dollar Index
Dollar Index
Support at 94.50 and
resistance at 95.65. Trend is still looking positive
Closes above 95.65 will take
it to 96.30—96.50 marks in days to come, else could test its support level of
95.65.
Further upside rally can be
seen if closes above 96.30.
An increase in dollar index
signifies stronger dollar against its major counterparts.
Gold n Silver are
priced in dollar, stronger dollar makes Gold n Silver expensive for other
nation which in turn decrease the demand for gold and silver hence will put
downward prices on bullion's prices.
