4 April014 3.38 AM
Brekdown means it should sustain below the level for minimum 30 min to maximum 1 Hr....
Brekout means it should sustain above the level for minimum 30 min to maximum 1 Hr....
Gold
Gold Closed at 28450 ....here as mentioned in weekly analysis...continuing up trend...
Gold is near major resistance of 28,615 so watch for breakout. Above that TGT 28978 and break out above that will take gold to 29959 level....
Overall above 28300 buy with safe SL 28 200 for TGT 28610, 29900...
=======================================================================
Silver
Last closed at 43,020 . 43700 will be strong sresistance on closing basis.
Watchout for breakout at 43750 level which can lead Silver to 44940 .....
Overall strategy is buy with SL 42700 for TGT 43750, 44940
============================================================================
Aluminium
Above 106, keep buy on dips view for target 114+.
Positional traders can keep SL 106 for TGT 111, 114, 116.90, 121,70, 134.30 in coming weeks month....( I am not joking)....if the momentum is good these levels are not impossible....so keep buying....
=============================================================================
Copper
Closed at 410 which is strong resistance....It has also broken 408 levels.....All base metals are ralling upwards....so once 410 level is broken whcich is quite possible next level is 422, 438, 450..( No Jokes again)....
Positional traders can keep SL404 as of now for above TGT...
==========================================================================
LEAD
Closed at 124.
Here Above 122 with SL 122 keep buy on dips for TGT 126.90 and if breakout above this level 130.
.
Lead will be slowest in all base metals rally...
==============================================================================
Zinc
Closed at 120.25 Zinc future may show short covering rally up to 121.50 and breakout above this 123...
Above 118 with Sl 118 keep TGT 121.50 and then 123.....
===========================================================================
NICKEL
Closed at 986. Now 978 is major support...Watchout for breakout at 988....and then 998....
Above 978 with SL 978 buy on dips for TGT 988, 997.70 , 1030
=================================================================================
CRUDEOIL
Closed at 6060 . Crude is still weak. All movements are techical retracements... It will have major resistance at 6109....
All who have short positions can keep SL 6150 for TGT 5820-5830....
Any day closing above 6100 can crude to 6200+ TGT....
Even if Breakout ( read above what breakout means) at 6109 will not matter much.....Breakout on closing basis will matter....any day closing above 6109 will trigger buying at that level......
Still out TGT for sell is 5820-5830....
=============================================================================
NATURALGAS
Closed at 270.4.
Watch 271-272 as strong resistance level. which is lively to broken...for TGT 281 and then 294....
Above 264 Buy on dips with SL 264...(positional traders SL 264) for TGT 281 and breakout abobe this will lead towards 294...
===============================================================================
===
Brekdown means it should sustain below the level for minimum 30 min to maximum 1 Hr....
Brekout means it should sustain above the level for minimum 30 min to maximum 1 Hr....
Gold
Gold Closed at 28450 ....here as mentioned in weekly analysis...continuing up trend...
Gold is near major resistance of 28,615 so watch for breakout. Above that TGT 28978 and break out above that will take gold to 29959 level....
Overall above 28300 buy with safe SL 28 200 for TGT 28610, 29900...
=======================================================================
Silver
Last closed at 43,020 . 43700 will be strong sresistance on closing basis.
Watchout for breakout at 43750 level which can lead Silver to 44940 .....
Overall strategy is buy with SL 42700 for TGT 43750, 44940
============================================================================
Aluminium
Above 106, keep buy on dips view for target 114+.
Positional traders can keep SL 106 for TGT 111, 114, 116.90, 121,70, 134.30 in coming weeks month....( I am not joking)....if the momentum is good these levels are not impossible....so keep buying....
=============================================================================
Copper
Closed at 410 which is strong resistance....It has also broken 408 levels.....All base metals are ralling upwards....so once 410 level is broken whcich is quite possible next level is 422, 438, 450..( No Jokes again)....
Positional traders can keep SL404 as of now for above TGT...
==========================================================================
LEAD
Closed at 124.
Here Above 122 with SL 122 keep buy on dips for TGT 126.90 and if breakout above this level 130.
.
Lead will be slowest in all base metals rally...
==============================================================================
Zinc
Closed at 120.25 Zinc future may show short covering rally up to 121.50 and breakout above this 123...
Above 118 with Sl 118 keep TGT 121.50 and then 123.....
===========================================================================
NICKEL
Closed at 986. Now 978 is major support...Watchout for breakout at 988....and then 998....
Above 978 with SL 978 buy on dips for TGT 988, 997.70 , 1030
=================================================================================
CRUDEOIL
Closed at 6060 . Crude is still weak. All movements are techical retracements... It will have major resistance at 6109....
All who have short positions can keep SL 6150 for TGT 5820-5830....
Any day closing above 6100 can crude to 6200+ TGT....
Even if Breakout ( read above what breakout means) at 6109 will not matter much.....Breakout on closing basis will matter....any day closing above 6109 will trigger buying at that level......
Still out TGT for sell is 5820-5830....
=============================================================================
NATURALGAS
Closed at 270.4.
Watch 271-272 as strong resistance level. which is lively to broken...for TGT 281 and then 294....
Above 264 Buy on dips with SL 264...(positional traders SL 264) for TGT 281 and breakout abobe this will lead towards 294...
===============================================================================
===