28 December 2015


“SELL SILVER BELOW 34000 TG 33800,33620”
Silver: Silver prices are trading below its immediate support at 33850. Sustenance below this level will push prices lower towards 33424/33150 zones again. Buying at support can lead to a sharp intraday bounce in the counter. The pullback rally will advance further only once prices breakout above 34500.
Gold: Gold prices needs to breakout above 25250 to rebound towards 25397/25415 levels. Any major upside in the counter is likely only once prices register a daily close above 25415 levels. A break below 25050 will push prices lower towards 24740 levels again. The broader view for the counter will remain negative until prices stay below 26000 levels.
Copper: Copper prices are trading down with a cut of 1.50% currently. Sustenance below 307.40 will push prices lower towards 304.80/303 areas. Momentum above 310 will trigger a pullback rally towards resistance around 312 areas. The broader outlook for the counter remains negative.
Zinc: Weakness below 100.40 will push Zinc prices lower towards 99.60/98.75 levels. The counter needs to sustain above 101.40 to bounce towards 102.25/103 areas. A near tern reversal in trend will be seen once the counter breaks out above 103.50.

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