All base metals are although non trending however still trading with positive bias. Most of them are trading with high volatility. Among all Lead and Nickel seems to be better than all others to go long.
Crude is losing its momentum and as I said its due for correction, it fell yesterday. What is the next support from where it should bounce? check it out!!!
As I said Gold & Silver are weak however Gold has taken support on its trendline and any more weakness wud be below that. Silver is still weak & heading for 21490 which is a nice support. A close below it wud not be good for bulls.
Natural Gas is still weak & can show some more fall but upto what level? Check it out...
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HELLO SIR NIC EWORK BY U ....
ReplyDeleteI NEED SOME HELP FROM U
CAN U DRAW AND SO ME THE TREND LINE FOR GOLD AND SILVER WHICH HAS A STRONG SUPPORT AT 14380 AND 21480 LEVELS... TODAY SILVER KISSED UR SUPPORT LEVEL OF 21480 AND SHOOTED UP...IT AMAZING..
PLEASE MAY I KNOW THE TREND LINE SIR....
REGARDS MAHALINGAM
Hello Maha,
ReplyDeleteI am posting both Gold and Silver charts with their TLs. Pls review.
Take care
Abhinav