COMMODITY MARKET HULCHAL
Gold in yesterday’s session,
again witnessed further up move as the commodity sustained above the
levels of 30150. Gold will witness strong resistance above 30240 levels in
coming days any up move will open the resistance of 30350. The trend is
positive and correction till 29800 levels will not be a major concern,
and immediate supports are seen around 30100 levels. And on the downside
weekly support is seen around 29800 levels any decline will test 29600.
Silver witnessed a sideways
session as the commodity witnessed consolidation around the 53500 levels
in last few sessions. The commodity in coming sessions has
strong support at lower levels around 53200. Any dip in the commodity
below these levels will open up levels of 52500and lower in coming days. Silver
has strong resistance above 54000 levels and if it manages to hold above
these levels we may soon test levels of 54600.
Crude oil witnessed a very
positive session as the commodity gained strongly to close well above 5300
levels. Crude oil has support at lower levels around 5280 any sustained
dip below these levels will open up the levels of 5200 levels. Crude oil
will face strong intraday resistance above 5400 levels. Any move
in the Crude oil above these levels will open up 5480 levels.
The commodity is in a uptrend and sustaining at current levels
will be positive sign and we may soon test 5500 levels also.
another [positive session, as the commodity sustained around the 420
levels. Copper has been trading in a range of 410-440 in the last few
weeks and also since last few months; the movement has been volatile
inside this range. For the day support is seen around 417 levels any
decline will open up 412 levels. Resistance for copper in coming session
is seen above the 424 levels. Any up move will open up levels of 427