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Friday, July 1, 2016

Update on Gold, Silver, Crude oil and Natural Gas 01 July 2016







Gold




Yesterday... We clearly indicated that if Gold unable to breach its support level of 31130 then it could test its resistance level of 31400 mark. Just made a high of 31574


Above 31400... rally remain continue till 31600---31700 and then to 31850 mark

Support at 31250---31100






Silver



Clearly indicated that above 43400... we will see non stop rally in it. Silver (Sep) contract flared and made a high of 46217 mark

Now what to expect???

 Silver has support at Support at 44500 and now it act as crucial support in it. Today's trend remain positive in Silver. 

If you get an opportunity to buy Silver in panic around 45500---45200 then buy it with stop loss of 44500. 

Fresh sell will do only close below 44500 mark






Crude oil




Support at 3280 and Resistance at 3325

Break and sustain below 3280 will take to 3230---3180 and then to 3130 mark again else it could test its resistance level of 3325 again

Close above 3325 will see more upside rally till 3360---3390 and then to 3450 mark

Trade with levels only







Natural Gas




Support at 197---194 and Resistance at 200

Close above 200 will take to 206---210+ mark in days to come else it could test its support level of 197---194 again

Further downside panic will see only close below 194 mark

Trade with levels only






















More will update soon...