Commodity Technical Analysis Report and Call Free Daily Subscription
MARKET OVERVIEW
COMEX Gold is in an upward phase. Last week COMEX Gold was down for most part of the weekand on last two days it bounced back and was able to made a weekly close above 1800$ an ounce. In the coming week 1700$ will act as a major support in COMEX Gold. If COMEX Gold sustains above 1765$ an ounce then above 1835$ an ounce it can touch the level of 1855/1875$ an ounce and if COMEX Gold sustains below 1750$ then it can go slightly down and test the level of 1730/1705$ an ounce.
STRATEGY
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1800 $ an ounce, then above 1835$ it can test the level of 1855/1875$ an ounce and above 1920$ it can further move upward. And in MCX Gold above 28000 it can test the level of 28400.Trade by keeping the strict stop losses. Major support for COMEX Gold in the coming week is 1680$ and 1640$. Major resistance for COMEX Gold in the coming week is 1920$ and 1950$
Major support in MCX Gold is 25500 and 24700
Major resistance in MCX Gold is 28400 and 28900
Silver Technical Analysis Report
MARKET OVERVIEW
COMEX Silver is in an upward consolidation phase. Last week COMEX Silver closed near to its week high. For the upcoming week 3900 $ and 3700$ are the crucial supports and 4400$ and
4500$ are crucial resistance in COMEX Silver. In MCX Silver 68000 and 70000 will act as major resistance and 58500 and 57000 will act as major supports.
STRATEGY
Technically COMEX Silver is bullish on charts. For the next week traders can use buy on lower level strategy if Silver sustains above the level of 3950$ an ounce, then above 4150$ COMEX Silver can test the level of 4220/4290an ounce and above 4350$ it can move further upwards and test the level of 4420/4460$ an ounce. And in MCX Silver sustains above 60800 above it can test the level of 65000/66000/67000 and above 67800 it can test the level of 69000/70500. Trade by keeping the proper stop losses.
MARKET OVERVIEW
COMEX Gold is in an upward phase. Last week COMEX Gold was down for most part of the weekand on last two days it bounced back and was able to made a weekly close above 1800$ an ounce. In the coming week 1700$ will act as a major support in COMEX Gold. If COMEX Gold sustains above 1765$ an ounce then above 1835$ an ounce it can touch the level of 1855/1875$ an ounce and if COMEX Gold sustains below 1750$ then it can go slightly down and test the level of 1730/1705$ an ounce.
STRATEGY
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1800 $ an ounce, then above 1835$ it can test the level of 1855/1875$ an ounce and above 1920$ it can further move upward. And in MCX Gold above 28000 it can test the level of 28400.Trade by keeping the strict stop losses. Major support for COMEX Gold in the coming week is 1680$ and 1640$. Major resistance for COMEX Gold in the coming week is 1920$ and 1950$
Major support in MCX Gold is 25500 and 24700
Major resistance in MCX Gold is 28400 and 28900
Silver Technical Analysis Report
MARKET OVERVIEW
COMEX Silver is in an upward consolidation phase. Last week COMEX Silver closed near to its week high. For the upcoming week 3900 $ and 3700$ are the crucial supports and 4400$ and
4500$ are crucial resistance in COMEX Silver. In MCX Silver 68000 and 70000 will act as major resistance and 58500 and 57000 will act as major supports.
STRATEGY
Technically COMEX Silver is bullish on charts. For the next week traders can use buy on lower level strategy if Silver sustains above the level of 3950$ an ounce, then above 4150$ COMEX Silver can test the level of 4220/4290an ounce and above 4350$ it can move further upwards and test the level of 4420/4460$ an ounce. And in MCX Silver sustains above 60800 above it can test the level of 65000/66000/67000 and above 67800 it can test the level of 69000/70500. Trade by keeping the proper stop losses.
