Gold Forecast - 3 April 2014
Gold could not cross 27700 support and bounced back. Short covering in gold may continue till 28439 levels.
For tomorrow above
27700 Gold remains buy on dips with SL 27650 for TGT 28200, 28430.
Silver Forecast - 3 April 2014
Silver could not sustain below 42560 and bounced back to break 43180 level. Technical bounce back can continue till 44300+ levels.
For tomorrow silver remains
buy with SL 44800 for TGT 44300, 44800 level.
Crude Forecast 3 April 2014
Crude could not sustain below 5950 level and reversed. Technical bounce back may continue till next resistance 6051 which is next supply zone too. Then next resistance is at 6116 level.
Tomorrow Sell crude at 6051 SL
above 6120 for TGT 5820.
NG forcast 3 April 2014
NG has reversed from 253 levels. now watchout for breakout above 265.50 levels. Which may not sustain. If sustain above 267 for 30 min next resistance is at 276.5 level.
For tomorrow Sell on rise till
267 levels with SL 267 for TGT 250.20
Copper Forecast 3 April 2014
As told yesterday copper has broken 408 level. Keep buy on dips till 402 levels. for tomorrow watch out for breakout 410 level. If sustain above it for 45 min then copper short covering may continue till 414 and then 422.20 levels.
Buy on dips with SL 399 for TGT 409.90, 414, 422.
Positional traders can keep their buy positions in copper with SL 399 for target 422.
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Aluminium Forecast 3 April 2014
Aluminium target 108 is achieved and it is closed above 108. So short covering will continue. Above 107 keep buy on dips with SL 107. Short covering may continue till 111, 114 levels.
Tomorrow buy Aluminium with SL 107 for TGT 111, 114.
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Lead Forecast 02 April 2014
As expected Lead short covering will continue. now next target is 125. Watch out for breakout 125 breakout level. If sustain above 125 level for 1 Hr then short covering may continue till 129-130 levels in coming days....
Maintain SL of 122 and buy on dips till this level.
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Zinc Forecast 3 April 2014
Zinc has closed above 118 level which is above 15 Days MA. Which is showing short covering will continue. above 117 buy on dips as SL. Watch out 121.20 breakout level now. Short covering may continue till 122 + levels.
For tomorrow Buy with SL 117for targets 120+ in coming days till 122, 123.80 levels ( 45 days MA level)
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Nickel Forecast 3 April 2014
As mentioned earlier Nickel is heading towards 981. Watcout forbreakout at 998 level. If remains above 998 for 30 min then next TGT 1030.
Above 965 level stay buy on dips with SL 965 for TGT 980, 996, 1030.
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