MARKET OUTLOOK OF COMMODITY 22 JAN 2016

YESTERDAY’S  CRUDEOIL ROCKSSS !!!!!!!!!

HIT FINAL TGT 1985

GOLD DAILY CHART:

The above is hourly chart of Gold. It suggests that prices are trading in uptrend. It is likely to find support near 26105 levels. On the upside, immediate resistance is located at 26420 levels.

Trading Call: Buy around 26225 levels with a stop loss placed below 26105 levels for target of 26420 levels.

SILVER DAILY CHART:

The above is hourly chart of Silver. It suggests that prices are trading in the uptrend. In today's session, it is expected to rise towards 34960 levels. Momentum indicator RSI is supporting prices action. On the upside, immediate resistance is located around 34960 levels.

Trading Call: Buy around 34395 levels with a stop loss placed below 34000 levels for targets of 34960 levels