Gold consolidating after sharp fall & trying to retest the broken support level turned into resistance. WE may witness more weakness as far as $1182 area remains as EOD resistance.
Gold 30 min Charts
Silver falls in sync with gold , however area around $15.94 represent 161.8% fibonacci retracement of last minor up move which could delay the further downside move. A move below this mark with volume will open door for more downside move.
Silver 30min Charts
Copper trading in a falling wedge pattern which generally provide an upside breakout. However breakout is still pending. A break will provide clear bull run, till then enjoy the trendline support resistance.
Copper Hourly Charts
Crude oil continue bouncing from support zone while a break from descending channel may provide some boost to price. However this move could be short lived & bears will enter again on higher levels around $83-84.
Crude Oil 30min Charts
Natural gas provided a gap up opening as winter given first knock knock in US on this weekend. This move could continue on technical front only if this week inventory support price else a profit booking possible before resuming upside move.
Natural Gas Hourly Charts
Note – above studies represent only observations based on past experience and does not represent any buy/sell recommendations. For recommendation Contact us