BULLIONS WEEKLY TECHNICAL LEVELS GOLD(APRIL) MCX WEEKLY CHART MCX Gold April contract, showed upside movement this week and made a weekly high of 33410 and weekly low of 32805. This week gold closed above $1308 which will act as a strong support for near term in comex,we expect gold can touch level of $1330-$1350 in short term period. For the next week,gold April contract has support around 32920 levels. And strong support in range of 32600 and 32400 levels. Resistances are in the range of 33500-33650 levels. Above 33900 the next resistance is at 34073 levels on closing basis. S1 32990 S2 32595 PP 33200 R1 33594 R2 33805 SELL GOLD APRIL BELOW 32800 TG 32600 /32400 SL ABOVE 33100 BUY GOLD APRIL ABOVE 33450 TG 33850 /34100 SL BELOW 33000 Page 1
BULLIONS WEEKLY TECHNICAL LEVELS SILVER (MARCH) MCX WEEKLY CHART MCX Silver March Contract, showed range-bound movement this week made a weekly high of 40060 and made a weekly low of 39256.In Comex silver has a support around $15.50-15.30.In MCX Silver has a support around 39600-39200 and strong resistance around 40700 levels. For the coming week, we expect Silver March contract go up to 40700-41300 levels. Major support are expected at 40000-39800 levels. SELL SILVER MARCH BELOW 39700 TG 39400/ 39200 SL ABOVE 40050 BUY SILVER MARCH ABOVE 40200 TG 40500/40900 SL BELOW 39900 S1 39459 S2 8955 PP 39759 R1 40263 R2 40563 Page 2
ENERGY WEEKLY TECHNICAL LEVELS CRUDE OIL (FEB) MCX WEEKLY CHART MCX Crude Oil Jan contract trading in upside movement this week and was made a weekly high of 3979.In NYMEX Crude Oil will take resistance around $58, and support around $51.Oil rig count has changed this week and stood at 857 from 854 showed by Baker Hughes report. Crude Oil FEB contract having support at 3850-3820 levels Below it at 3780 levels & strong supports at 3600-3580 levels. Resistances are at 4010-4050 levels & above it at 4120/4200 levels. S1 3742 S2 3532 PP 3860 R1 4070 R2 4188 SELL CRUDE OIL FEB BELOW 3850 TGT 3750/3650 SL ABOVE 3920 BUY CRUDE OIL FEB ABOVE 4020 TGT 4120/4200 SL BELOW 3920 Page 3
BASE METALS WEEKLY TECHNICAL LEVELS COPPER (FEB) MCX WEEKLY CHART MCX COPPER FEB contract showed range-bound movement this week and made a weekly high of 442.60 and weekly low of 430.65, support around 438.50-432.50 levels.technically copper is short term uptrend in mcx and it can go up to 450 levels in coming week. For the next week, Copper FEB contract strong support at 432.50 levels. Resistance at 450-452 levels,and strong Resistance are at 462 levels. SELL COPPER FEB BELOW 437 TG 432.50/428.50 SL ABOVE 441 BUY COPPER FEB ABOVE 444 TG 450/455 SL BELOW 439 S1 434.1 S2 426.4 PP 438.35 R1 446.05 R2 450.3 Page 4
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