Gold
After mind blowing rally we have seen some correction in Gold and now trading around 31350
Now what to expect???
Break and sustain below 31250 will take to 31000---30800 mark. More and more downside panic will see only weekly close below 30800 mark else it could test its resistance level of 31450---31700 again
We will expect range bound trading to remain continue for next two trading sessions. So traders can trade safely with levels only
Silver
Support at 42000 and Resistance at 42300
Break and sustain below 42000 will take to 41600---41200 mark. More and more downside panic will see only close below 40800 mark else it could test its resistance level of 42300 again
Close above 42300 will take to 42700---43000 mark
Three consecutive closes + weekly close above 43000 will see sharp upside rally in it
Trade with levels only
Copper
Told to buy Copper around 322---321. Just made a high of 323.75
Close above 324 will see further upside rally till 327---328 and then to 332+ mark in days to come
Support seen at 320---317 mark
Traders can trade with levels only.... Any reversal seems will update via App
Nickel
Told to buy around 612---610 with stop loss of 590. Just made a high of 619.70
Now what to expect???
Hurdle and target intact 626. Close above 626 will see further upside rally till 640---655+ mark in day to come
Three consecutive closes + weekly close above 655 will take to ???
Support intact at 590
Lead
Support at 114.30 and Resistance at 117.20
Three consecutive closes + weekly close above 117.20 will see sharp upside rally till 121---123.50+ mark in days to come else it could test its support level of 114.30 again
Further downside panic will see only close below 114.30 mark
Trade with levels only
Crude Oil
Support at 3130 and Resistance at 3230---3270
Close below 3130 will take to 3070---3025 and then to 2940 mark in days to come
Hurdle intact at 3230---3270
Traders can trade with levels only... Anything seems will update via App
More will update soon!!
