TECHNICAL ANALYSIS OF COMMODITY FOR 17 MARCH 2016

GOLD ROCKS HIT FINAL TGT 29375 MADE HIGH OF 29600!!!!!!!!!!!!

SILVER ROCKS HIT FINAL TGT 37420 MADE HIGH OF 37700!!!!!!!!!!!!

GOLD: The above is hourly chart of Gold. It suggests that prices are prices are making lower highs and lows. However, in today's session it is expected to touch upper resistance of 29575 levels. On the flip side, immediate support is located at 29200 levels.

Call: Buy around 29370 levels with a stop loss placed below 29200 levels for target of 29700 levels.

SILVER: The above is hourly chart of Silver. It suggests that prices are trading in sideways zone. Technically, it is expected to hold lower support of 36870 levels. It is expected to bounce back towards 38150 levels.

Call: Buy around 37520 levels with a stop loss placed below 36870 levels for targets of 38150 levels

CRUDEOIL: The above is hourly chart of Crude Oil. It suggests that after taking support near 2430 levels prices have bounced back above 2600 levels. It is expected to extend its gain till 2660 levels. On lower front, immediate support is located at 2560 levels.
Call: Sell around 2600 levels with a stop loss placed above 2660 levels for targets of 2560 levels.