Gold Market Overview
COMEX Gold is in an upward phase. Last week COMEX Gold neither sustain on higher level nor at lower level. In the coming week 1375$ will act as a major support in COMEX Gold, if COMEX Gold sustains above 1441$ an ounce then above 1450 $ an ounce it can touch the level of 1470$ an ounce and if COMEX Gold sustains below 1390$ then it can slightly
correct and test the level of 1370$ an ounce.
Strategy
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above
1441$ an ounce, then above 1450$ it can test the level of 1470$ an ounce and above
1470$ it can further move upward. Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1370$ and 1340$.
Major resistance for COMEX Gold in the coming week is 1450$ and 1475$
Major support in MCX Gold is 20450 and 20150
Major resistance in MCX Gold is 21200 and 21450
Silver Market Overview
COMEX Silver is technically strong on charts. Last week COMEX Silver break the level of 3670$ and made a weekly close above that. For the upcoming week 3550$ and 3350$ are the crucial supports and 3800$ and 3920 $ are crucial resistance in COMEX Silver. In MCX Silver 57000 and 58500 will act as major resistance and 53500 and 51000 will act as major supports.
Strategy
Technically COMEX Silver is strong on charts, For the next week traders can use buy on lower level strategy if Silver sustains above the level of 3700$ an ounce, then above 3800$ an ounce it can further go upward and can test the level of 3850$ an ounce. Trade by keeping the proper stop losses.
Market Overview
NYMEX Crude is in upward phase. Last week in Crude oil broke its level of 107 and made a close near to its week high. For the coming week 96$ will act as major support and 108.30 $ a barrel will be a major resistance. In MCX Crude Oil major resistance is found at 4875 and 4950 and major supports will be 4600 and 4500.
Strategy
For the next week traders can use buy on lower level strategy, if NYMEX Crude sustains above the level of 100 $ a barrel then above 108.50 $ it can slightly come up and touch the level of 109.20 $ a barrel and in MCX above 4835 Crude oil can touch the level of 4900 if it sustains above 4700. Trade by keeping the proper stop loss.
Copper Market Overview
Copper is in an upward consolidation phase and traders should use the strategy of buy on lower levels. Last week COMEX Copper was down for most part of week. If next week COMEX Copper sustains above the level of 417 then above the level of 431 Copper can test the level of 437. In MCX Copper above 426 Copper can test the level of 433 if it does not break the level of 410 on the downside.
Strategy
For the upcoming week 450 and 460 will act as major resistance and 417 and 405 will act as major supports in COMEX Copper. For MCX Copper major resistance would be 440 and 450 and supports would be found at 410 and 400.
Natural Gas Market Overview
Natural Gas is in a consolidation phase and traders should use the strategy of buying on lower levels. Last week Natural Gas neither sustain on higher level nor at lower level. If next week Natural Gas sustains below the level of 4.300$ then below the level of 4.200$ Natural Gas can test the level of 4.110 $ and above 4.500$ Natural Gas can slightly go up and test the level of 4.610$. In MCX, if Natural Gas sustains below190 in the coming week then it can test the level of 184, if it does not break the level of 201 on the downside.
Strategy
For the upcoming week 3.650$ and 3.200 $ will act as major supports and 4.880$ and 5.200$ will act as major resistance in US Natural Gas. For MCX Natural Gas major resistance would be 207 and 220, supports would be found at 175 and 165.
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COMEX Gold is in an upward phase. Last week COMEX Gold neither sustain on higher level nor at lower level. In the coming week 1375$ will act as a major support in COMEX Gold, if COMEX Gold sustains above 1441$ an ounce then above 1450 $ an ounce it can touch the level of 1470$ an ounce and if COMEX Gold sustains below 1390$ then it can slightly
correct and test the level of 1370$ an ounce.
Strategy
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above
1441$ an ounce, then above 1450$ it can test the level of 1470$ an ounce and above
1470$ it can further move upward. Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1370$ and 1340$.
Major resistance for COMEX Gold in the coming week is 1450$ and 1475$
Major support in MCX Gold is 20450 and 20150
Major resistance in MCX Gold is 21200 and 21450
Silver Market Overview
COMEX Silver is technically strong on charts. Last week COMEX Silver break the level of 3670$ and made a weekly close above that. For the upcoming week 3550$ and 3350$ are the crucial supports and 3800$ and 3920 $ are crucial resistance in COMEX Silver. In MCX Silver 57000 and 58500 will act as major resistance and 53500 and 51000 will act as major supports.
Strategy
Technically COMEX Silver is strong on charts, For the next week traders can use buy on lower level strategy if Silver sustains above the level of 3700$ an ounce, then above 3800$ an ounce it can further go upward and can test the level of 3850$ an ounce. Trade by keeping the proper stop losses.
Market Overview
NYMEX Crude is in upward phase. Last week in Crude oil broke its level of 107 and made a close near to its week high. For the coming week 96$ will act as major support and 108.30 $ a barrel will be a major resistance. In MCX Crude Oil major resistance is found at 4875 and 4950 and major supports will be 4600 and 4500.
Strategy
For the next week traders can use buy on lower level strategy, if NYMEX Crude sustains above the level of 100 $ a barrel then above 108.50 $ it can slightly come up and touch the level of 109.20 $ a barrel and in MCX above 4835 Crude oil can touch the level of 4900 if it sustains above 4700. Trade by keeping the proper stop loss.
Copper Market Overview
Copper is in an upward consolidation phase and traders should use the strategy of buy on lower levels. Last week COMEX Copper was down for most part of week. If next week COMEX Copper sustains above the level of 417 then above the level of 431 Copper can test the level of 437. In MCX Copper above 426 Copper can test the level of 433 if it does not break the level of 410 on the downside.
Strategy
For the upcoming week 450 and 460 will act as major resistance and 417 and 405 will act as major supports in COMEX Copper. For MCX Copper major resistance would be 440 and 450 and supports would be found at 410 and 400.
Natural Gas Market Overview
Natural Gas is in a consolidation phase and traders should use the strategy of buying on lower levels. Last week Natural Gas neither sustain on higher level nor at lower level. If next week Natural Gas sustains below the level of 4.300$ then below the level of 4.200$ Natural Gas can test the level of 4.110 $ and above 4.500$ Natural Gas can slightly go up and test the level of 4.610$. In MCX, if Natural Gas sustains below190 in the coming week then it can test the level of 184, if it does not break the level of 201 on the downside.
Strategy
For the upcoming week 3.650$ and 3.200 $ will act as major supports and 4.880$ and 5.200$ will act as major resistance in US Natural Gas. For MCX Natural Gas major resistance would be 207 and 220, supports would be found at 175 and 165.
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