Gold and Silver
Gold has support at 46800—46500 and resistance at 47400
Silver has support at 67300—66500 and resistance at 68800
Either side break or close with volume will decide further
Till then trade within a range and wait for confirmation
Copper
Support at 721—718 and resistance at 727.
Break and close above 727 will take it to 740—745 levels or else it could test it’s support level of 721—718 again
Fresh downside panic we will see on a close below 718 levels only
Nickel
Support at 1335 and resistance at 1382
Break and close above 1382 will take it to 1420—1445+++ levels in days to come
Fresh downside panic we will see on a close below 1335 mark
Zinc
As expected, rally continues in it. Now hurdle at 237
Break and close above 237 will take it to 240—242 levels
Or else it could test it’s support level of 230 again
Trade safely as per levels given
Lead
Triangle pattern breakout on LME. Grab and accumulate in panic with stop loss of 167
Target looks 180+++
Aluminum
Resistance at 194.50 and support at 191.50
Break and close above 194.50 will take it to 197—198 levels or else it could test it’s support level of 191.50 again
Break and sustain below 191.50 will take it to 190—188 levels
Crude oil
Support at 5370 and resistance at 5520
Break and sustain below 5370 will take it to 5280—5250 levels or else it could test it’s resistance level of 5520 again
More and more upside rally we will see on a close above 5520 levels only
For more updates, stay connected with us!!