COMEX Gold is in a technically consolidating
on
lower levels on charts. Last week COMEX Gold was trading downside for most part of the
week. This week 1500$ will act as a major support
in COMEX
Gold and 1710$ will act as a major
resistance.
COMEX Silver is technically weak on charts for
near term. Last week COMEX Silver was trading on
lower side for most
part of the week , and was able
to close near its weak high. For the
upcoming week
2650 $ and 2450$ are the crucial supports and
3040$
and 3210$ are crucial resistance in COMEX
Silver.
MCX Silver
: Resistance ==56500 and 58500 Support ==51500 and 50200
Crude is technically weak on charts for near term. Last week Crude Oil was trading on lower side for the most part of the week. For the coming week 85$ and 78$ will act as major supports and 100$ and 104$ a barrel will be a major resistance in NYMEX Crude.
MCX Crude Oil
Resistance ==5200 and
5350 and
Support ==4900 and 4700.
COMEX Copper was trading in a range for most part of the week. For the next week traders can go for sell on higher level strategy in Copper. In next week if COMEX Copper sustains below the level of 370 then below the level of 335 Copper can test the level of 325/ 310 /295.
In MCX, Copper
sustains below
430 then below 420 it can test the
level of 415/409/401 if it does
not break the level of
436 on the upside.
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