Gold, Silver, Crude & Base metals levels updated — www.indianmarketview.com

Base metals Update 08 July 2015

 

Copper

Told to sell Copper below 356 with stop loss of 359. It crashed vertically and made a low of 338. Our downside target was 348—343

Now what to expect???

Support at 338 and Resistance at Resistance at 452—459

Traders can trade in a range with strict stop loss

Nickel

Crashed vertically and made a low of 673.80 and now trading around 687. We recommended selling below 835 mark

Now what to expect???

Support at 670 and Resistance at 710—-725

Close below 670 will see further panic till 625–610 mark in days to come

Fresh buying can initiate only close above 725 mark

Trade with levels only

Zinc

Below 125.50… our target was 122.50—121 mark. Just made a low of 122.40

Now what to expect???

Two consecutive closes below 125.50 will take to 121—118 mark in days to come

On rise sell it!! Stop loss 125.50

Lead

Told to sell below 111… Just made a low of 108.50

Close below 108.50 will see further panic till 107—105.50 mark in days to come

Hurdle and stop loss 111

Aluminium

Support at 104 and Resistance at 106

Two consecutive closes below 104 will take to 102.50—101 mark in days to come

Hurdle and stop loss 106

 

Trade with levels only, More will be updated soon!!

Posted by Indian Market View at 11:47 AM

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Gold & Silver Update 08 July 2015

Gold

Yesterday… we recommended selling in Gold below 26200. It crashed vertically and made a low of 25880 and now trading around 25950

Now what to expect???

Close below 25880 will see further panic till 25730—25650 and then to 25500 mark in days to come

Fresh buying can initiate only close above 26200 mark

Trade with levels only

Silver

Crashed vertically and made a low of 34011. We clearly indicated that we will not expect at upper levels and any sharp rise will be selling opportunity

Now what to expect???

Two consecutive closes below 35300 will see free fall in Silver till 32800—32300 mark in days to come

Any sharp rise will be selling opportunity but trade with levels only

Stop loss 36500 on closing basis

More will be updated soon!!

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Market is moving as per our levels given check our today & tomorrow levels on our site.

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