Please note that below forecast is based on the closing basis and technical indicators at that time. Market situations may change depending on what level it opens. You are advised to consult your financial adviser or us before taking any positions.
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Gold
Gold may show resistance at 27700 levels. If sustain above 27700 on daily closing basis then hold for TGT 28902-29038.
Watch out for breakout below 27490 level. If it survive below this level for 30 minutes then sell for TGT near 26800 levels. Which can be good buying opportunity for TGT near 28902-29038..
Overall Gold is still positive but retracement till 26800 levels can not be ruled out...
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Silver
Silver may show resistance at 45000 levels. But breakout above 45000 can take silver till 46700-47000 levels.
Breakout below 44000 on Daily closing basis can take silver to 41800 - 42200 and then may be till 41600 levels. , which can be good opportunity to buy for TGT near 45850 and then 46700 - 47000 levels.
Overall Silver is positive but retracement till 41800 - 42200 levels can not be ruled out.
Maintain your buying positions with Strict Trailing SL 43700 for TGT 46700 - 47900. If the SL hit then buy at lower levels. Overall keep buying on every dips.
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Copper
Copper if sustain above 437 on daily closing basis then keep TGT near 450.90 and then 470.90 in coming weeks.
Copper may retrace till 419.35 levels and if breakout below 419.35 on daily closing basis then can go till 408.10 - 404.15 levels.
Overall copper is positive and those who have bought at 394.60 levels ( as per our positional call) can maintain their positions for Final TGT near 550 levels.
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Aluminium
Aluminium buyers maintain Trailing stoploss of 113.70 on daily closing basis for TGT 117 + and final TGT near 121.90.
Breakout below 113.70 on daily closing basis can take metal to 109.15 levels.
Overall Aluminium is positive and Positional traders can maintain their positions and buy on every dips as per your capacity for TGT 117-121.90 and above. Check our posts we had given buy call from 101.35...
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Lead
Lead buyers maintain Trailing stoploss at 126 on daily closing basis for TGT near 133-135.35 levels.
Breakout below 126 on daily closing basis may take metal to 125-123.65 levels, which can be again buying levels for TGT 133, 135.35 levels.
Overall Lead is positive.
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Zinc
Zinc buyers can maintain trailing SL at 127 on daily closing basis for TGT near 137.90 -143.30.
Breakout below 133 can take metal till 127.10-129.50 level which can be good levels to buy again for TGT 137.90 - 143.30
Overall Zinc is positive and capacity traders can keep buying on every dips.
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Nickel
Nickel below 1160 level on daily closing basis is negative. Keep sell on rise view for TGT near 1072 and then 1048. Break out below 1047 can test 980-1001 levels.
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Crude
Crude is overall positive and heading towards 7200 levels in coming MONTHS. Positional traders above 5600 levels keep buy on dips view. Watch out for break out above 6549 on weekly closing basis for upside targets.
More updates to paid clients only.....
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Natural Gas
NG maintain trailing stoploss of 289 for TGT near 245-241. Break out below 241 can take NG to new lows near 209-214 levels.
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