For the this week we expect gold prices to find support in the range of 28,200 – 28,000 levels. Trading consistently below 28,000 levels would lead towards the strong support at 27,400 levels and then finally towards the major support at 26,800 levels.
Resistance is now observed in the range of 29,000-29,100 levels. Trading consistently above 29,100 levels would lead towards the strong resistance at 29,500 levels, and then finally towards the major resistance at 29,900 levels.
MCX / Spot Gold Trading levels for the week
Trend: Sideways
S1 – 28,100 / $ 1,275 R1 - 29,100 / $ 1,320
S2 - 27,400 / $ 1,245 R2 - 29,500 / $ 1,340
For the this week we expect silver prices to find support in the range of 41,200 – 41,000 levels. Trading consistently below 41,000 levels would lead towards the strong support 39,000 levels and then finally towards the major support at 38,000 levels.
Resistance is now observed in the range of 43,800 – 44,000 levels. Trading consistently above 44,000 levels would lead towards the strong resistance at 45,000 levels, and then finally towards the major resistance at 46,500 levels.
MCX / Spot Silver Trading levels for the week
Trend: Down
S1 - 41,200 / $ 19.10 R1 - 43,800 / $ 20.30
S2 - 39,000 / $ 18.00 R2 - 45,500 / $ 21.10
Weekly Recommendation:
For the this week we expect Copper prices to find support in the range of 396 – 395 levels. Trading consistently below 395 levels would lead towards the strong support at 388 levels and then finally towards the major support at 382 levels.
Resistance is now observed at 412 levels. Trading consistently above 412 levels would lead towards the strong resistance at 418 levels, and then finally towards the major resistance at 422 levels.
MCX / LME Copper Trading levels for the week
Trend: Up
S1 – 396 / $ 6,500 R1 – 412 / $ 6,760
S2 – 388 / $ 6,360 R2 – 422 / $ 6,920
Weekly Recommendation:
For the next week we expect Crude oil prices to find support in the range of 6,150 – 6,100 levels. Trading consistently below 6,100 levels would lead towards the strong support at 6,050 levels and then finally towards the major support at 5,900 levels.
Resistance is now observed in the range of 6,450-6,500 levels. Trading consistently above 6,500 levels would lead the rally towards the strong resistance at 6,600 levels, and then finally towards the major resistance at 6,700 levels.
MCX / NYMEX Crude Oil Trading levels for the week
Trend: Down
S1 – 6,150 / $ 102.30 R1 – 6,450 / $ 107.30
S2 – 6,050 / $ 100.50 R2 – 6,600/ $ 109.90
Weekly Recommendation:
For the next week we expect Natural Gas prices to find support in the range of 275 - 273 levels. Trading consistently below 273 levels would lead towards the strong support at 268 levels.
Resistance is now observed in the range of 293 - 295 levels. Trading consistently above 295 levels would lead towards the strong resistance at 300 levels, and then finally towards the major resistance at 305 levels.
MCX / NYMEX Natural Gas Trading levels for the week
Trend: Up
S1 - 273 / $ 4.50 R1 - 295 / $ 4.90
S2 - 268 / $ 4.30 R2 - 305 / $ 5.10
Weekly Recommendation:
( For any personal query mail me at support@mamatainfotech.com or call me at +91 9932242442, 9932461166 )
Resistance is now observed in the range of 29,000-29,100 levels. Trading consistently above 29,100 levels would lead towards the strong resistance at 29,500 levels, and then finally towards the major resistance at 29,900 levels.
MCX / Spot Gold Trading levels for the week
Trend: Sideways
S1 – 28,100 / $ 1,275 R1 - 29,100 / $ 1,320
S2 - 27,400 / $ 1,245 R2 - 29,500 / $ 1,340
For the this week we expect silver prices to find support in the range of 41,200 – 41,000 levels. Trading consistently below 41,000 levels would lead towards the strong support 39,000 levels and then finally towards the major support at 38,000 levels.
Resistance is now observed in the range of 43,800 – 44,000 levels. Trading consistently above 44,000 levels would lead towards the strong resistance at 45,000 levels, and then finally towards the major resistance at 46,500 levels.
MCX / Spot Silver Trading levels for the week
Trend: Down
S1 - 41,200 / $ 19.10 R1 - 43,800 / $ 20.30
S2 - 39,000 / $ 18.00 R2 - 45,500 / $ 21.10
Weekly Recommendation:
For the this week we expect Copper prices to find support in the range of 396 – 395 levels. Trading consistently below 395 levels would lead towards the strong support at 388 levels and then finally towards the major support at 382 levels.
Resistance is now observed at 412 levels. Trading consistently above 412 levels would lead towards the strong resistance at 418 levels, and then finally towards the major resistance at 422 levels.
MCX / LME Copper Trading levels for the week
Trend: Up
S1 – 396 / $ 6,500 R1 – 412 / $ 6,760
S2 – 388 / $ 6,360 R2 – 422 / $ 6,920
Weekly Recommendation:
For the next week we expect Crude oil prices to find support in the range of 6,150 – 6,100 levels. Trading consistently below 6,100 levels would lead towards the strong support at 6,050 levels and then finally towards the major support at 5,900 levels.
Resistance is now observed in the range of 6,450-6,500 levels. Trading consistently above 6,500 levels would lead the rally towards the strong resistance at 6,600 levels, and then finally towards the major resistance at 6,700 levels.
MCX / NYMEX Crude Oil Trading levels for the week
Trend: Down
S1 – 6,150 / $ 102.30 R1 – 6,450 / $ 107.30
S2 – 6,050 / $ 100.50 R2 – 6,600/ $ 109.90
Weekly Recommendation:
For the next week we expect Natural Gas prices to find support in the range of 275 - 273 levels. Trading consistently below 273 levels would lead towards the strong support at 268 levels.
Resistance is now observed in the range of 293 - 295 levels. Trading consistently above 295 levels would lead towards the strong resistance at 300 levels, and then finally towards the major resistance at 305 levels.
MCX / NYMEX Natural Gas Trading levels for the week
Trend: Up
S1 - 273 / $ 4.50 R1 - 295 / $ 4.90
S2 - 268 / $ 4.30 R2 - 305 / $ 5.10
Weekly Recommendation:
( For any personal query mail me at support@mamatainfotech.com or call me at +91 9932242442, 9932461166 )
