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Monday, May 2, 2016

Update on Gold, Silver, Copper and Crude Oil....2 May, 2016









Gold




Told to buy around 30420---30400 with stop loss below 30230. Just made a high of 30465


Now what to expect???

Support at 30230 and Resistance at 30550---30700

It looks positive and could test its resistance level of 30550---30800. Further upside rally will see only close above 30800 mark

Fresh selling can initiate only close below 30230 mark

Trade with levels only










Silver



Support at 42000 and Resistance at 42700

Close above 42700 will take to 43200---43500+ mark in days to come else it could test its support level of 42000 again

Further downside panic will see only close below 42000 level

Trade with levels only










Copper




Support at 335 and Resistance at 343

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 Application










Crude oil




Support at 3020 and Resistance at 3090---3150

Close below 3020 will take to 2920---2850 mark in days to come else it could test its resistance level of 3090---3150 again

Further upside rally will see only weekly close above 3150 mark

Trade with levels only



















More will update soon!!