UPDATE ON BULLIONS, BASEMETALS AND ENERGY …..

Gold-

 

As expected… Gold tested its resistance level of 27000 but unable to sustain and slipped again. Our downside support was 26680. It made a low of 26681 and now trading around 26750

Now what to expect???

Support at 26680 and Resistance at 26900

Decisive break and sustain below 26680 will take to ……. Click here to read full report

 

 

Silver

 

Support at 34800 and Resistance at 35800—36300

Close below 34800 will take to …….. Click here to read full report

 

 

Copper

 

Not able to breach its resistance level of 348.80 and slipped again to 342.45. Below 345.80… our target was 342.80—341.50 mark….  Click here to read full report

 

Zinc

 

Support at 119 and Resistance at 121—122.50

Two consecutive closes below 119 will take to…..  Click here to read full report

 

 

Aluminium

 

Support at 105 and Resistance at 108

Two consecutive closes below 105 will take to …….  Click here to read full report

 

 

Crude Oil

 

Yesterday… we recommended buying in Crude oil. It made a high of 3257. Our hurdle and target was 3260. We booked part profit around 3250 and revised stop loss at cost to cost.

Again… we recommended selling in Crude oil below 3140. It crashed vertically and booked full profit around 2965

Now what to expect???

Close below 2950 will see further panic till 2880—2830 and then to 2780 mark else it could test its resistance level of 2990—3060 again

Further upside rally seen only close above 3060 mark  Click here to read full report

 

 

This update is part of our Daily detailed analysis of MCX …. Kindly read full report before making any position.

 

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