Gold has support at 46600. If Gold could not breach its support level of 46600, it could test its resistance level of 47400—47850 again and silver moved back sharply.
More and more upside rally we will see on a close above 47850 levels.
Fresh downside panic we will see on a break and sustain below 46600 levels.
Break and sustain below 46600 will take it to 46200–45900 mark
Trade safely with levels only
Silver bounced back sharply from lower levels and trading around 67800.
Break and sustain above 68000 will take it to 68800 and then to 69400—70000 levels or else it could test its support level of 66500 again for Silver.
Fresh downside panic we will see on a close below 66500 levels only.
Copper made a multi weeks low in today’s trading session. Copper has support at 685 and resistance at 696
Break and sustain below 685 will take it to 678—675 and then to 663 levels in days ahead or else it could test its resistance level of 696 again.
More and more upside rally we will see on a close above 696 mark
Above 696… Target looks 710+++
Nickel has support at 1270 and resistance at 1300
Either side break or close with volume will decide further. Till then traders can trade within a range and wait for confirmation.
Lead has support at 170 and resistance at 172.50—174.00
Fresh buying we will do on a close above 174 levels only or else it could test its support level of 170 again.
Fresh downside panic we will see on a close below 170 levels only.
Crude oil has support at 5290 and resistance at 5360
Break and sustain below 5290 will take it to 5230—5180 levels or else it could test its resistance level of 5360 again.
More and more upside rally we will see on a close above 5360 mark.
Close above 5360 will take it to 5440—5490 levels.
Trade safely as per levels given
Natural Gas has support at 234 and resistance at 242
Break and close below 234 will take it to 228—225 levels or else it could test its resistance level of 242 again.
More and more upside rally we will see on a close above 242 mark
Trade safely with levels only.