YESTERDAY SELL GOLD FEB CONTRACT HIT FINAL TGT
25000 MADE LOW OF 24741!!!!!!!!!!!!!!!!!
Gold: Gold prices will move lower only on a
decisive break down below 25150 levels. Until then counter will take support
around 25200 and rebound towards 25450/25500 levels. A decisive break down
below 25150 will push prices lower towards 25000/24950 levels. A daily close
above 25500 will see prices rally towards 25747/25850 levels.
Silver: Silver rallied towards 34460 levels once
prices broke out above resistance at 33750. Dips will find support between
33800—33700 zones. Sustenance below 33700 will push prices lower towards
33500/33350 levels. A re-test of 34500 levels will be seen once prices start to
show momentum above 34200. A daily close above 34500 will open upside targets
of 35000/35370 levels.
Crude
Oil (Rs/Bbl): Crude Oil
prices have retraced back to its support around 2327 levels. Sustenance below
this level will push prices lower towards 2278/2250 levels. The counter needs
to show momentum above 2375 to rebound towards 2426/2450 levels again. Until
then, intraday rallies will face resistance between 2360—2375 zones.
Natural
Gas (Rs./Mmbtu): Natural
Gas prices will move higher only once prices breakout above 123 levels.
Momentum above this level will trigger a pullback rally towards 126 levels.
Failure to sustain above 123 will see the downtrend resume towards 117.10/113
levels. Next major support is placed around 113 areas.
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