Gold
Yesterday we recommended selling in Gold around 29850---29880. Just made a low of 29683
Now what to expect???
Still looks weak and could test 29650---29580. Two consecutive closes below 29580 will see more downside panic till 29400----29250 mark
Else it could test its resistance level of 29880 and then to 30000---30200 mark again
Weekly close below 29850 will take to 29200---28900 mark. Major hurdle at 30450
Silver
Support at 40600 and Resistance at 41000---41200
Close below 40600 will take to 40200---39800 and then to 39000 mark in days to come else it could test its resistance level of 41000---41200 again
Further upside rally will see only close above 41200 mark
Trade with levels only
Copper
Support at 312 and Resistance at 316
Close below 312 will take to 309---306 else it could test its resistance level of 316 again
Close above 316 will see further upside rally till 319---320 mark
Looks choppy and has no clear direction... So traders can trade safely with levels only and wait for confirmation
Crude oil
Two consecutive closes below 2890 will take to 2780---2730 mark in days to come else it could test its resistance level of 2980---3050 again
More and more power will see only weekly close above 3050 mark
Trade with levels only
Natural Gas
Support at 138 and Resistance at 145
Two consecutive closes above 145 will take to 152---155 and then to 161+ mark in days to come else it could test its support level of 138 again
Further downside panic will see only weekly close below 138 mark
Trade with levels only
More will update soon...
