For this week we expect gold prices to find support in the range of 28,500 – 28,600 levels. Trading consistently below 28,200 levels would lead towards the strong support at 27,800 levels and then finally towards the major support at 27,200 levels.
Resistance is now observed in the range of 29,000-29,200 levels. Trading consistently above 29,300 levels would lead towards the strong resistance at 29,700 levels, and then finally towards the major resistance at 30,200 levels.
MCX / Spot Gold Trading levels for the week
Trend: Up
S1 – 28,200 / $ 1,275 R1 - 29,300 / $ 1,320
S2 - 27,800 / $ 1,250 R2 - 29,700 / $ 1,340
Weekly Recommendation: Sell
For this week we expect silver prices to find support in the range of 42,500 – 42,400 levels. Trading consistently below 42,400 levels would lead towards the strong support 41,200 levels and then finally towards the major support at 40,000 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: Sideways
S1 - 42,400 / $ 19.30 R1 - 44,000 / $ 20.00
S2 - 41,200 / $ 18.70 R2 - 45,500 / $ 20.70
For the this week we expect Copper prices to find support in the range of 412 – 410 levels. Trading consistently below 410 levels would lead towards the strong support at 405 levels and then finally towards the major support at 396 levels.
Resistance is now observed at 427 levels. Trading consistently above 427 levels would lead towards the strong resistance at 434 levels, and then finally towards the major resistance at 440 levels.
MCX / LME Copper Trading levels for the week
Trend: Up
S1 – 410 / $ 6,720 R1 – 427 / $ 7,000
S2 – 405 / $ 6,640 R2 – 434 / $ 7,120
Weekly Recommendation:
For this week we expect Crude oil prices to find support in the range of 6,050 – 6,000 levels. Trading consistently below 6,000 levels would lead towards the strong support at 5,920 levels and then finally towards the major support at 5,800 levels.
Resistance is now observed in the range of 6,300-6,350 levels. Trading consistently above 6,350 levels would lead the rally towards the strong resistance at 6,550 levels, and then finally towards the major resistance at 6,700 levels.
MCX / NYMEX Crude Oil Trading levels for the week
Trend: Down
S1 – 6,000 / $ 98.50 R1 – 6,350 / $ 104.30
S2 – 5,920 / $ 97.00 R2 – 6,550/ $ 107.60
Weekly Recommendation: We have already Sell MCX Crude Oil May Target this week – 6,050 / 6,000
For this 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: Down
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 29,000-29,200 levels. Trading consistently above 29,300 levels would lead towards the strong resistance at 29,700 levels, and then finally towards the major resistance at 30,200 levels.
MCX / Spot Gold Trading levels for the week
Trend: Up
S1 – 28,200 / $ 1,275 R1 - 29,300 / $ 1,320
S2 - 27,800 / $ 1,250 R2 - 29,700 / $ 1,340
Weekly Recommendation: Sell
For this week we expect silver prices to find support in the range of 42,500 – 42,400 levels. Trading consistently below 42,400 levels would lead towards the strong support 41,200 levels and then finally towards the major support at 40,000 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: Sideways
S1 - 42,400 / $ 19.30 R1 - 44,000 / $ 20.00
S2 - 41,200 / $ 18.70 R2 - 45,500 / $ 20.70
For the this week we expect Copper prices to find support in the range of 412 – 410 levels. Trading consistently below 410 levels would lead towards the strong support at 405 levels and then finally towards the major support at 396 levels.
Resistance is now observed at 427 levels. Trading consistently above 427 levels would lead towards the strong resistance at 434 levels, and then finally towards the major resistance at 440 levels.
MCX / LME Copper Trading levels for the week
Trend: Up
S1 – 410 / $ 6,720 R1 – 427 / $ 7,000
S2 – 405 / $ 6,640 R2 – 434 / $ 7,120
Weekly Recommendation:
For this week we expect Crude oil prices to find support in the range of 6,050 – 6,000 levels. Trading consistently below 6,000 levels would lead towards the strong support at 5,920 levels and then finally towards the major support at 5,800 levels.
Resistance is now observed in the range of 6,300-6,350 levels. Trading consistently above 6,350 levels would lead the rally towards the strong resistance at 6,550 levels, and then finally towards the major resistance at 6,700 levels.
MCX / NYMEX Crude Oil Trading levels for the week
Trend: Down
S1 – 6,000 / $ 98.50 R1 – 6,350 / $ 104.30
S2 – 5,920 / $ 97.00 R2 – 6,550/ $ 107.60
Weekly Recommendation: We have already Sell MCX Crude Oil May Target this week – 6,050 / 6,000
For this 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: Down
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 )
