Gold
Yesterday we recommended selling in Gold around 30200 with stop loss above 30450. It made a low of 30005 but unable to sustain abd bounced back
Now what to expect???
Support at 30000---29700 and Resistance at 30450
Close below 30000 will take to 29800---29700 mark. Two consecutive closes below 29700 will see free fall in days to come else it could test its resistance level of 30450 again
Further upside rally will see only weekly close above 30450 mark
Trade with levels only
Silver
Too told to sell Silver below 41600. It crashed and made a low of 41065 and now trading around 41400
Now what to expect???
Support at 40800 and Resistance at 41800---42400
Now fresh selling will initiate only close below 40800 mark. Two consecutive closes below 40800 will take to 40200---39800 mark else it could test its resistance level of 41800---42400 again
Further upside rally will see only weekly close above 42400 mark
Trade with levels only
Copper
Support at 324 and Resistance at 330
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
Crude Oil
Today we recommended selling in Crude oil below 2894 but unable to breach and bounced back sharply to 2994 mark
Now what to expect???
Support at 2890 and Resistance at 3000---3025
Either side break or close with volume will decide further... At this stage we will expect Jerky move in it and chances are likely to trade between small gain and losses between the range
So trade safely... Anything seems will update via App
Natural Gas
Forming Triangle pattern on Daily chart having support at 139---135 and resistance at 146
Three consecutive closes + weekly close above 146 will see non stop rally in Natural gas else it could test its support level of 139---135 again
Further downside panic will see only close below 135 mark
Trade with levels only
