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Monday, December 19, 2016

Update on Bullion and Energy levels for the day 19 Dec 2016





Technical Level


Gold 




Support at 26900 and Resistance at 27400

Trend looks weak and could test 26900. Further downside panic will see only close below 26900 else it could test it's resistance level of 27400 again.

Further upside rally will see only close above 27400

Trade with levels only.






Silver 



Support at 39100 and resistance 40000

Break and sustain below 39100 will take it to 38800---38400 and then to 38000 mark else could test its resistance level of 40000.

Fresh buying can be initiated above 40000







Crude Oil



Support at 3420---3350 and resistance at 3580---3650

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













More levels will update soon!!