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Tuesday, May 3, 2016

Update on Gold, Silver, Crude and Copper 03 May 2016







Gold




Support at 30180 and Resistance at 30560


Two consecutive closes below 30180 will take to 30000---29700 mark. More and more downside panic will see only close below 29700 mark else it could test its resistance level of 30560 again


Two consecutive closes above 30560 will take to ???


Trade with levels only







Silver






Support at 41600 and Resistance at 42400---42800


Two consecutive closes below 41600 will take to 40800---40400 mark in days to come else it could test its resistance level of 42400---42800 again


Further upside rally will see only close above 42800 mark


Trade with levels only








Copper





 Told to sell around 337 with stop loss above 341. Booked part profit around 333


Now what to expect??


Support at 332---328 and Resistance at 335---338


Either side break or close with volume will decide further.. Till then traders can trade in a range with levels only and wait for confirmation


Any thing seems will update via App










Crude Oil





Support at  2960 and Resistance at 3030---3080---3150


Close below 2960 will take to 2920---2880 mark else it could test its resistance level of 3030---3080 and then to 3150 again


Further upside rally will see only close above 3150 mark


Trade with levels only




















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