Gold
Gold... Support at 28900
If it unable to breach it's support level of 28900 then we will see dead cat bounce till 29080---29150 mark again.
Trade with levels only.
Copper
Copper... Not able to breach 400 and slipped again to 391
Now what to expect???
Downside target and support intact at 386---385.
Once break and sustain + close below 385 will see more downside fall on it.
Below 385... Target looks 373---368---363 mark.
Hurdle intact at 400.
Nickel
Nickel... Hurdle at 704 and support at 688---681.
If it unable to breach 704 then will see panic till 688---681.
Weekly close below 681 will see sharp downside fall in it.
Trade in a range with levels only
Lead
Lead
Lead... Hurdle at 161.50---164 and support at 153---150.50
Intraday... Sustain below 158 will see panic till 155---153 and then to 150.50 else it could test it's resistance level of 161.50 again.
Trade with levels only... CMP 159.00
Zinc... Support at 190.50---188 and resistance at 195.
Trade in a range with strict stop loss and wait for confirmation as no clear direction seen in it.
Wait for confirmation.
Aluminium
Aluminum... We recommended buying around 123.50---123.20.
Flared and made a high of 124.60
Now what to expect???
Support at 122---120.50 and resistance at 125.
Weekly close above 125 will take to 128---130.50+++ mark else it could test its support level of 122---120.50 again.
Further downside panic will see only close below 120.50 mark.
Trade with levels only
Crude oil
Crude oil... Took support and bounced back sharply to 3584.
Now what to expect???
Hurdle at 3600. Weekly close above 3600 will take to 3680---3720 and then to 3800+++ mark in days to come else it could test its support level of 3520---3450 again.
Further downside panic will see only weekly close below 3450 mark.
Trade as per levels only
Natural Gas
Not able to close above 213 and slipped again.
Support at 202.50 and resistance at 213.
Either side break or close with volume will decide further. So traders can trade in a range with strict stop loss and wait for confirmation.
More will update soon!!
