PLEASE VISIT http://suprememcx.blogspot.in/p/weekly-forecast.html PAGE ( OR CLICK ON CHARTS)
Gold - Gold is holding its support at 26500 .In weekly chart it has formed double bottom with positive divergence. If breakout below 26500 then next support near 26300 and then 26100...buyers hold gold with strict SL below 26500 TGT 26950
Silver : now trading below 38000 ....next support is seen at 36500 levels.....we may see short covering till 38100-38500 levels from there....buyers maintain strict sl below 37500.
Copper : Below 412 TGT 409...we may see bounce back from 409 till 416-423...if trade below 409 with volume then TGT 394
Aluminium : Aluminium has survived above key support of 117....but trading below key resistance 119....If trade below 117 then next support at 115.....if trade below 115 then Aluminium may fall deep down till 112, 108 levels...
Buyers maintain strict sl below 114.70 and wait for break at 119 (trade above 119 for 1 hr)...TGT 122, 125 and may be more...
Fresh buyers should buy above 120....
Lead: Lead is trading between key support 128 and resistance at 130....Break above 130 then we may see TGT 132.50 next resistance and break above 132.50 can take lead to 137-145 levels....
Break below 128 can take lead to 126.80-122 levels...watch break below 126.80 ( we may see bounce back at 126.80)
Zinc : Buyers maintain strict SL 138 for TGT 144-148.....Below 138 zinc may go till 134 levels again...
Nickel: If break above 1032 tgt 1077...If fail to survive above 1032 tgt 980, 972, 960...long term tgt near 904
Crude : watch for break below 5520 for tgt 5434 and may be more....Crude has consolidated between 5785 and 5520 ....wait for firm breakout on either side....Overall crude is weak till it survives below 5710....
NG : Buyers maintain strict SL 244 for break above 250 then tgt 263- 268 and above.....if trade below 244 with volume then TGT 226 and may be more down....