Keep visiting this page as I may be further updating it as and when I get time to analyse more....
Gold :
Gold is still trading in positive territory ( Above 26500)....Gold has support at 27012, 26948,26920...and below that 26850, 26800,26750,26600-26550 levels.....
gold has resistance at 27200, 27400, 27600.
Gold may trade sideways for little time ( may be 3-4 sessions) but it may show upside movement anytime....Gold may take support around 27948-27920 levels and reverse.....but if it break these levels with volume then watch out for above levels for support area.....Look for buying opportunities.....Logterm TGT 30333 and more are still intact.....
Silver:
Silver is still trading above crucial level of 35500-35200 zone....and MACD and RSI is showing positive divergence.....
Still the strategy in silver will be buy on dips....for initial TGT 38000 and then 40000, 42000, 45000 and more.....
At this movement it is very difficult to tell where it will take support....possible area looks like 36100, 35500 ....
Safe Traders can buy above 38000.....
Copper:
Copper as mentioned earlier many times is very weak and heading to test its previous low of 332 and may break down below it to show much lower targets....
It may retrace till 365-367...or till 370-372-379 levels maximum ( but chances to go till 372-379 looks thin)....sell at these levels for 1st TGT 340.....POSITIONAL tgt 278......AND THEN AFTER SOME RETRACEMENT MORE DOWN THAN 278
Zinc:
Zinc is trading near support area of 128.20-128 levels.....Or it is possible that it has taken support near 129 levels...
above 127.90 as stop loss on daily closing basis keep long positions for long term targets 160....But it has resistances at 134, 136, 139 levels.....Watch these levels as breakout levels...If it reverse from any of these levels below 133 then we may see different picture.....
Below 128 , Zinc has support zone near 124 then......IF ZINC BREAK 124 THEN WE WILL SEE MUCH DOWN TARGETS....
Crude:
Crude has strong support at 3780-3770 area.....Crude has bounced back from 3780 area and trading at resistance of 3820-3850 zone...
It will be interesting to see if Crude breaks 3850-3870 zone....Crude though looking positive, it is trading sideways for quite some weeks....
Below 3770 crude may fall till 3677, 3550 maximum....
If on selling side watch 3770 as breakout level....but keep booking quick profits as Crude may reverse and bounce back heavily to show much upper targets....
Natural Gas
NG is negative below 190 levels....If on buying side then keep booking quick profits....
181.50 is resistance and 177 is support....sell below 177 for much lower targets in long term basis ....(May be around 142)...
Above 181.50 NG may test 193-194 levels again....
Above 181.50 NG may test 193-194 levels again....
Please trade with strict stop loss and keep booking regular/ partial profits.....