Gold is looking technically weak on charts. Last week Gold was trading in a bearish trend for most part of the week. In this week 27,900 will act as a major support in Gold and 29,100 will act as a major resistance. For this week traders can use sell on higher level strategy if Gold sustains below 28,300 then below 28,200 it can test the level of 28,050/ 27,910.
Silver is technically weak on charts. Last week Silver was trading on lower side for most part of the weak. For this week 53,000 and 51,450 are the major supports whereas 55,300 and 56700 are major resistance in MCX Silver. For this week traders can use sell on higher level strategy. If Silver sustains below the level of 53,400 then below 53,000 Silver can test the level of 52,520/ 52,000.
Crude is in a consolidation around lower levels. Last week Crude Oil was trading in a range of 5,260 to 5,120. For this week 5,000 and 4,840 will act as major supports and 5,270 and 5,490 will act as major resistance in Crude Oil. For this week traders can use sell on higher level strategy, if MCX Crude sustains below the level of 5,130 then below 5,100 it can test the level of 5,060/ 5,000.
Silver is technically weak on charts. Last week Silver was trading on lower side for most part of the weak. For this week 53,000 and 51,450 are the major supports whereas 55,300 and 56700 are major resistance in MCX Silver. For this week traders can use sell on higher level strategy. If Silver sustains below the level of 53,400 then below 53,000 Silver can test the level of 52,520/ 52,000.
Crude is in a consolidation around lower levels. Last week Crude Oil was trading in a range of 5,260 to 5,120. For this week 5,000 and 4,840 will act as major supports and 5,270 and 5,490 will act as major resistance in Crude Oil. For this week traders can use sell on higher level strategy, if MCX Crude sustains below the level of 5,130 then below 5,100 it can test the level of 5,060/ 5,000.
