Market Overview Gold
COMEX Gold is in an upward phase. Last week COMEX Gold does not sustain on higher level and closed near to its week low. In the coming week 1460$ will act as a major support in COMEX Gold, if COMEX Gold sustains above 1460 $ an ounce then above 1505 $ an ounce it can touch the level of 1525$ an ounce and if COMEX Gold sustains below 1460$ then it can slightly correct and test the level of 1440$ an ounce.
Please Click To Read More For Reading Silver, Copper, Natural Gas,
Strategy
Strategy
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1460 $ an ounce, then above 1505$ it can test the level of 1522 $ an ounce and above 1530$ it can further move upward. Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1450$ and 1410$.
Major resistance for COMEX Gold in the coming week is 1605$ and 1645$
Major support in MCX Gold is 21600 and 21200
Major resistance in MCX Gold is 22450 and 23050
Market Overview Silver
COMEX Silver is technically weak on charts. Last week COMEX Silver closed near to its week low. For the upcoming week 3300$ and 3100$ are the crucial supports and 4000$ and 4250 $ are crucial resistance in COMEX Silver. In MCX Silver 61000 and 64000 will act as major resistance and 50000 and 47000 will act as major supports.
Strategy
Technically COMEX Silver is weak on charts, For the next week traders can use buy on lower level strategy if Silver sustains above the level of 3300$ an ounce, then above 3700$ 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 Crude
NYMEX Crude is in upward phase. Last week Crude oil sustained lower levels and made a close near to its week low. For the coming week 94$ and 88$ will act as major supports and 106.50 $ and 109.50$ a barrel will be a major resistance in NYMEX Crude. In MCX Crude Oil major resistance is found at 4800 and 5000 and major supports will be 4200 and 4000.
Strategy
For the next week traders can use buy on lower level strategy, if NYMEX Crude sustains above the level of 94 $ a barrel then above 102.5$ it can slightly come up and touch the level of 105 $ a barrel and in MCX above 4600 Crude oil can touch the level of 4700 if it sustains above 4200. Trade by keeping the proper stop loss.
Market Overview Copper
Copper is in a 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 390 then above the level of 405 Copper can test the level of 412. In MCX Copper above 403 Copper can test the level of 410 if it does not break the
level of 390 on the downside.
Strategy
For the upcoming week 435 and 437 will act as major resistance and 390 and 380 will act as major supports in COMEX Copper. For MCX Copper major resistance would be 425 and 437 and supports would be found at 390 and 380.
Market Overview Natural Gas
Natural Gas is in a consolidation phase and traders should use the strategy of selling on higher levels. Last week Natural Gas was down for most part of the week. If next week Natural Gas sustains below the level of 4.350 $ then below the level of 4.200$ Natural Gas can test the level of 4.100 $ and above 4.350$ Natural Gas can slightly go up and test the level of 4.450 $. In MCX, if Natural Gas sustains below 190 in the coming week then it can test the level of 183, if it does not break the level of 204 on the upside.
Strategy
For the upcoming week 4.050$ and 3.650 $ 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 210 and 220, supports would be found at 185 and 175.
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COMEX Gold is in an upward phase. Last week COMEX Gold does not sustain on higher level and closed near to its week low. In the coming week 1460$ will act as a major support in COMEX Gold, if COMEX Gold sustains above 1460 $ an ounce then above 1505 $ an ounce it can touch the level of 1525$ an ounce and if COMEX Gold sustains below 1460$ then it can slightly correct and test the level of 1440$ an ounce.
Please Click To Read More For Reading Silver, Copper, Natural Gas,
Strategy
Strategy
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1460 $ an ounce, then above 1505$ it can test the level of 1522 $ an ounce and above 1530$ it can further move upward. Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1450$ and 1410$.
Major resistance for COMEX Gold in the coming week is 1605$ and 1645$
Major support in MCX Gold is 21600 and 21200
Major resistance in MCX Gold is 22450 and 23050
Market Overview Silver
COMEX Silver is technically weak on charts. Last week COMEX Silver closed near to its week low. For the upcoming week 3300$ and 3100$ are the crucial supports and 4000$ and 4250 $ are crucial resistance in COMEX Silver. In MCX Silver 61000 and 64000 will act as major resistance and 50000 and 47000 will act as major supports.
Strategy
Technically COMEX Silver is weak on charts, For the next week traders can use buy on lower level strategy if Silver sustains above the level of 3300$ an ounce, then above 3700$ 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 Crude
NYMEX Crude is in upward phase. Last week Crude oil sustained lower levels and made a close near to its week low. For the coming week 94$ and 88$ will act as major supports and 106.50 $ and 109.50$ a barrel will be a major resistance in NYMEX Crude. In MCX Crude Oil major resistance is found at 4800 and 5000 and major supports will be 4200 and 4000.
Strategy
For the next week traders can use buy on lower level strategy, if NYMEX Crude sustains above the level of 94 $ a barrel then above 102.5$ it can slightly come up and touch the level of 105 $ a barrel and in MCX above 4600 Crude oil can touch the level of 4700 if it sustains above 4200. Trade by keeping the proper stop loss.
Market Overview Copper
Copper is in a 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 390 then above the level of 405 Copper can test the level of 412. In MCX Copper above 403 Copper can test the level of 410 if it does not break the
level of 390 on the downside.
Strategy
For the upcoming week 435 and 437 will act as major resistance and 390 and 380 will act as major supports in COMEX Copper. For MCX Copper major resistance would be 425 and 437 and supports would be found at 390 and 380.
Market Overview Natural Gas
Natural Gas is in a consolidation phase and traders should use the strategy of selling on higher levels. Last week Natural Gas was down for most part of the week. If next week Natural Gas sustains below the level of 4.350 $ then below the level of 4.200$ Natural Gas can test the level of 4.100 $ and above 4.350$ Natural Gas can slightly go up and test the level of 4.450 $. In MCX, if Natural Gas sustains below 190 in the coming week then it can test the level of 183, if it does not break the level of 204 on the upside.
Strategy
For the upcoming week 4.050$ and 3.650 $ 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 210 and 220, supports would be found at 185 and 175.
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