As expected, base metals bounced back sharply in yesterday’s evening session. Crude oil too moved up sharply. Today again we will expect positive momentum in the metal and energy segment.
Gold
Support 46500 and resistance 47400. Buy on the decline around 46800 levels. Panic selling on a close below 46500 levels only.
Silver
Support 66500 and Resistance 68000. Buy above 68000 and add more lot in panic around 67300 with stop loss below 66500
Copper
Support at 685 and resistance at 700.50. Break and sustain above 700.50 will take it to 710 and then to 730 levels too. Fresh selling on a close below 685 levels only.
Lead
Support at 170 and resistance at 174. Trade within a range and wait for confirmation.
Zinc
Support at 228—225. Buy on the decline with stop loss below 225 for the upside target of 238
Aluminium
Support at 187—183 and resistance at 194. Buy on the decline will be the best trading strategy in it.
Nickel
Support at 1270 and resistance at 1305
Break and close above 1305 will take it to 1340—1355 levels in days to come. Fresh selling we will do on a close below 1270 levels only.
Natural Gas
Support at 230 and resistance at 240. Either side break or close with volume will decide further.
Crude oil
Moved sharply above 5360 levels. Hope you all minted money from Crude oil. Revise stop loss below 5275
Trade safely as per the levels given above. More will update during market hours to our WhatsApp followers.