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| 3Mteam News Higher level resistance 26150-26200 continue. Now we are near to major support area 25600 |
GOLD
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Higher level resistance 26150-26200 continue. Now we are near to major support area 25600 + and hold some corrective rally towards 26900-27000. However, once break 25500, down ward bias will be accelerated. More up dated during market hrs.
Gold - Close eye support range 1080-1081 in dollar terms.
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SILVER
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Silver in MCX continue in trading range for the last few weeks i.e. 33000 to 34500, however, already breached 50 DMA and trading below. Short term trend is down and break out this range will move one side. We may consider support 33000, break and trade below, selling pressure will accelerated towards 32000 +, on the flip side resistance continue 34500 and crossover it will show more up side. If not break 33000 time to buy with small stop loss. kkkk
On a Global front, Silver trading below $14 , and remain below prices likely test 13.40 and 13 in coming days, Higher level significant resistance observed at 14.50 and 14.80. Real move only above once closed above 15.10 mark.
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CRUDE
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Crude selling pressure continue…We may consider resistance 2080-2100 and reversal to sell side. down side below 2000 more down side.
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NATURAL GAS
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It looks that up move over and ready to sell side. We may consider major resistance 165 and any should be above that level. At present conditions, time to sell at 155-156 range stop loss 165 on closing basis for target 130-120 in coming days.
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COPPER
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Trend is down continue. Today sell on rise 265-296 stop loss above 300 target 290-281. As long as trading below 305 trend remain down and hold short side.
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NICKEL
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Time to sell on rise strategy continue. Today resistance 554-555 and sell side for target 540 and below. Trend Reversal only above 575 on closing basis.
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ALUMINIUM
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Trned is down till not closing above 102 mark. any rise to sell side
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ZINC
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Time to short on intra day in rise. Resistance 101… Trend reversal 102.50
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LEAD
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In all metal commodity, showing some strength, now any sharp to buy side. closed above 112 confirmation of up trend start.
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USD/INR
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Time to hold long till not break 66.88 mark, higher level resistance 67.20
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JPY/INR
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Remain long side till hold 56.60 mark.
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GBP/INR
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Selling pressure continue, remain below 97.62 time to sell side.
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EUR/INR
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Down side 72.50 is a good support and hold long.
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ReplyDeleteIn the global market, the NYMEX Gold February futures are also down 0.3 percent at $ 1,082.20 an ounce.
ReplyDeletecrude oil trading tips