Bullions, Base metals & Energy levels updated…..

We have just updated Support / Resistance / Break out levels of Gold, Silver, Crude, Natural Gas & Basemetals.

Bullion, Base metals & Natural Gas Update 07 July 2015

 

Gold

Support at 26130—26040 and Resistance at 26390

Close below 26200 will take to 26130—26080—26040. Three consecutive closes + weekly close below 26040 will see free fall in days to come

Fresh buying can initiate only close above 26390 mark

Close above 26400 will see further upside rally till 26700—26850+ mark in days to come

Trade with levels only

Silver

Support at 35700—35250 and Resistance at 36500

Either side break or close with volume will decide further… Till then traders can trade in a range with strict stop loss and wait for confirmation

Anything seems will update via whatsapp

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Copper

Support at 355 and Resistance at 360—364

Two consecutive closes below 355 will take to 347—-343 mark in days to come

Else it could test its resistance level of 360—364 again

Further upside rally seen only close above 364 mark

Trade with levels only

Nickel

Support at 718—710 and Resistance at 760

Below 735 we will see panic till 725—718 and then to 710 mark. Three consecutive closes + weekly close below 710 we will see more downfall in it.

Fresh buying can initiate only close above 760 mark

Trade with levels only

Natural Gas

Support at 175—172 and Resistance at 180—184

Either side break or close with volume will decide further.. Till then traders can trade in a range with strict stop loss.

More will be updated soon!!

Posted by Indian Market View at 11:05 AM

 

Crude Oil update 07 July 2015

Yesterday in our Crude Oil update we have clearly mentioned that below 3430 levels we can see more panic in Crude and it can touch 3380 & 3330 levels.

Yesterday it had made a low of 3374 and now trading at 3367 levels.

Now what to do in Crude Oil ??

Close below 3350 will see further panic till 3280—3230 mark

Intraday… Above 3390… will see rally till 3420—3450

3450 act as hurdle for Intraday traders

 

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Yesterday we have given Sell call to our Clients at 3490 and booked full profit at 3396.

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