Gold COMEX :-
Expected intraday trading range is 1725-1845 daily trend is strong up but on intraday hourly chart gold is moving up with losing momentum and 1802-05 zones are looking good res. For the day selling presser may take place around said res. Area if once price manage to hold above 1805 zones then intraday rise may take place till 1822-1840 intraday minor support seen around 1765 that can be use as stop loss for those who are planning to go long in gold on decline around 1770 a failure below 1765 may take it to 1730 area important level to watch is 1805 that will define the trend for day.
Silver COMEX: -
Expected intraday trading range is 38.50-42.40 y’day technically trend is up and intraday important level to watch is 39.30 a failure below 39.30 may take it to more down side and silver may head towards 38.30-37.50 during the day but trend is up so using 1st major support of 39.30 as stop loss in longs will be good idea for expected target of 41.70 during intraday or 1-3 trading sessions .
Gold MCX:
Intraday trading range on mcx between 26000-27100 all barriers broken on mcx and now charts are suggesting 27100-27150 as major target for gold, intraday major support at 26100 a failure below 26100 may take it to 25870-25600 that is looking difficult trend is up and major level to watch 1805$ on comex that will define the way buying in dips around 26250-280 will be good idea with sl of 26100 for expected target of 26800-27100.
Silver MCX:
Intraday expected trading range is between 59000-62000 more support seen at 59800 and 6000 areas are good zone to buy for expected intraday levels of 61700 as per y’day view a minor res. At 60700 if manage to hold above that then no major res. before 61700-62590.
Nickel MCX:
Intraday trading range is between 970-1025 minor res. Placed at 1003 above 1003 rally will try to head towards 1014-1022 during the day and minor support seen at 987 taking long around 992- 93 with sl of 987 will be best entry for said res. Zones intraday trend fail may occur if nickel fails to hold above 987 then we can see 978-966 during the day. Closing above 1025 area will confirm another rally up to 1044 levels.
Copper MCX:
Intraday expected trading range between 395-411. Y’day nice breakout seen above 404 that was very strong resistance on short term charts. Now we can expect a retest of 410-416 during this fresh swing after break out intraday major support seen around 398 taking long around 402-403 will be good idea with stop loss of 398 for expected target of 408-411 during the day.Lead MCX:
Intraday expected trading range between 106-114 and looking in mood of relief rally after long down move during this rally a retest of 111-114 levels may take place till lead is trading above 106 trader can use 106 as major support and 107 is also looking good support for the day low risk trader can take long positions on decline around 107-50-107.70 with stop loss of 107.
Zinc MCX:
Expected intraday trading range is between 97-103, today gap up opening suggesting that rise may continue till expected res. zones. Buying around 99-98.50 will be good intraday good support seen at 97.40 that will define the way if today zinc fails to hold above this support then it will be the indication of failure in upswing and price may continue to head downward on weekly basis 106.30 is still looking very strong res. for coming days.
Aluminium MCX:
Expected trading range is between 106-110 trend still looking weak and immediate res. Seen at 108.70-108.80 zones if manage to sustain that then we can expect a retest of 110 that is its short term major resistance. Immediate support seen at 107.20 failure below 107.20 will take it to 106.60-106 and if manage to hold below 106 then we will see a steeper fall till 103 levels again.
Crude MCX:
Expected intraday trading range is between 3800-4200 intraday expected support seen near 3860 area and a retest of 39-3880 zones are expected during the day only a failure below 3800 will neglect this relief rally otherwise crude expected targets are 4075-4140 during the day.
Natural Gas MCX:
Intraday trading range 172-186, looking week for the day minor support seen at 174.80 a failure below 174.80 may invite more sellers and this counter may head towards 165 for coming days. Immediate resistance seen around 183 zones that is looking very strong selling on rise will be good idea for this counter.
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