BULLIONS, BASEMETALS & ENERGY UPDATE. Will it go further down or will make a bounce back!!

Gold

 

Above 27350… our target was 27480—27550 and then to 27800. It made a high of 27833 and slipped again to 26823 mark.

 

Now what to expect???

 

Gold has support at 26700 and Resistance at 27200—27450

 

Silver

 

Yesterday… we recommended selling below 35600. It made a low of 34801

 

Now what to expect???

 

Close below 35000 will take to 34300—33800. Further panic seen only close below 33800 mark

 

(READ FULL UPDATE ON OUR SITE www.indianmarketview.com )

 

Copper

 

Support at 330—323 and Resistance at 340

 

Close below 330 will take to 326—323 mark in days to come else it could test its resistance level of 340 again.

 

Nickel

 

Told to sell Nickel around 670. Crashed vertically and made a low of 618.40 and now trading around 638.

 

Support at 610 and resistance at 650—680.

 

 

Crude Oil

 

Below 2630… out target was 2580—2550. It made a low of 2577 and bounced back. CMP 2630

 

Support at 2570—2540 and Resistance at 2685—2730

 

 

Natural Gas

 

Support at 175 and Resistance at 180.50

 

Two consecutive closes below 175 will take to 171—167 and then to 163 mark in days to come

 

 

This update is part of our detailed analysis. Kindly read our full report on www.indianmarketview.com

 

Call: +91-8130430690

 

 

 

 

 

 

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