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Gold Market Outlook
COMEX Gold is in an upward phase. Last week
COMEX Gold neither sustain on higher levels nor
at lower levels. In the coming week 1475$ will act
as a major support in COMEX Gold, if COMEX
Gold sustains above 1520 $ an ounce then above
1551 $ an ounce it can touch the level of 1565$ an
ounce and if COMEX Gold sustains below 1500$
then it can slightly correct and test the level of
1485$ an ounce.
COMEX Gold is in an upward phase. Last week
COMEX Gold neither sustain on higher levels nor
at lower levels. In the coming week 1475$ will act
as a major support in COMEX Gold, if COMEX
Gold sustains above 1520 $ an ounce then above
1551 $ an ounce it can touch the level of 1565$ an
ounce and if COMEX Gold sustains below 1500$
then it can slightly correct and test the level of
1485$ an ounce.
Gold Trading Strategy
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1520 $ an ounce, then
above 1551$ it can test the level of 1565 $ an ounce and above 1575$ it can further move upward. Trade by keeping
the strict stop losses.
Major support for COMEX Gold in the coming week is 1500$ and 1460$.
Major resistance for COMEX Gold in the coming week is 1580$ and 1625$
Major support in MCX Gold is 22400 and 22200
Major resistance in MCX Gold is 22850 and 23050
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1520 $ an ounce, then
above 1551$ it can test the level of 1565 $ an ounce and above 1575$ it can further move upward. Trade by keeping
the strict stop losses.
Major support for COMEX Gold in the coming week is 1500$ and 1460$.
Major resistance for COMEX Gold in the coming week is 1580$ and 1625$
Major support in MCX Gold is 22400 and 22200
Major resistance in MCX Gold is 22850 and 23050
Silver Market Outlook
COMEX Silver is technically consolidating on
charts. Last week COMEX Silver neither sustain on
higher levels nor at lower levels. For the upcoming
week 3480$ and 3250$ 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 52000 and 50000 will
act as major supports.
COMEX Silver is technically consolidating on
charts. Last week COMEX Silver neither sustain on
higher levels nor at lower levels. For the upcoming
week 3480$ and 3250$ 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 52000 and 50000 will
act as major supports.
Silver Trading Strategy
Technically COMEX Silver is bullish on charts and still in an upward channel, For the next week traders can use buy on
lower level strategy if Silver sustains above the level of 3600$ an ounce, then above 3790$ an ounce it can further go
upward and can test the level of 3880$ an ounce. Trade by keeping the proper stop losses.
Technically COMEX Silver is bullish on charts and still in an upward channel, For the next week traders can use buy on
lower level strategy if Silver sustains above the level of 3600$ an ounce, then above 3790$ an ounce it can further go
upward and can test the level of 3880$ an ounce. Trade by keeping the proper stop losses.
Read More Research For Base metals :- Click More
NYMEX Crude is in upward phase. Last weekCrude oil neither sustain on higher level nor at
lower level. 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 4650
and 4780 and major supports will be 4360 and
4150.
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 103.5$ it can slightly come up and touch the level of 106 $ a barrel and in MCX above 4625 Crude oil
can touch the level of 4705 if it sustains above 4360. Trade by keeping the proper stop loss.
Copper is in a consolidation phase and traders
should use the strategy of sell on higher levels. Last
week COMEX Copper was down for most part of
week and closed near to its week low. If next week
COMEX Copper sustains below the level of 415
then below the level of 399 Copper can test the
level of 392. In MCX Copper below 399 Copper can
test the level of 397 if it does not break the level of
415 on the upside.
For the upcoming week 435 and 437 will act as major resistance and 400 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 400 and 380.
Natural Gas is in a consolidation phase and traders
should use the strategy of selling on higher levels.
Last week Natural Gas was up for most part of the
week but on the last two days it came down. If next
week Natural Gas does not sustains above the
level of 4.900 $ then below the level of 4.520$
Natural Gas can test the level of 4.405 $ and above
4.990 $ Natural Gas can slightly go up and test the
level of 5.090 $. In MCX, if Natural Gas sustains
below 211 in the coming week then it can test the
level of 204, if it does not break the level of 222 on
the upside
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