Gold
Yesterday Gold took the support level of 29580 again and bounced back and now trading around 29800
Now what to expect???
Support at 29580 and Resistance at 29930
Break and sustain above 29930 will see further upside move till 30100---30180 and then to 30280 mark. More and more power will see only close above 30280 else it could test its support level of 29650---29580 again
Three consecutive closes + weekly close below 29580 will take to ???
On Comex division... Below $1256. Panic remain continue till $1240---$1225. Three consecutive closes + weekly close below $1225 will see sharp downside panic in it.
Trade with levels only... Anything seems will update via App.
Silver
As expected... Crashed vertically and made a low of 39621 and now trading around 40000
Now what to expect???
Support at 39600 and Resistance at 40300
39600 act as major support or will say as a key reversal area in Silver. Three consecutive closes + weekly close below 39600 will see sharp downside reversal in it.
Else it could test its resistance level of 40300
Break and sustain above 40300 will take to 40900---41400 again
Trade with levels only
Copper
Again took the support level of 306 and bounced back sharply to 313.65 mark
Now what to expect???
Support at 305 and Resistance at 319---324
If it unable to breach its support level of 305 then it could test 319---324 mark. More and more power will see only weekly close above 324 mark else it could test its support level of 305 again
Three consecutive closes + weekly close below 305 will see sharp downside panic in Copper till ???
Risky traders can buy Copper in panic with strict stop loss below 305 on closing basis
Others can trade with levels only
Crude Oil
Rally continues and made a high of 3333. We recommended two times in a row to sell but not succeed
Now what to expect???
Close below 3290 will take to 3220---3180 and then to 3130 mark in days to come
Fresh buying can initiate only close above 3370 mark
Trade with levels only
More will be update soon.. keep visiting our blog and Android App!!
