TECHNICAL ANALYSIS OF COMMODITY FOR 18 MARCH 2016

YESTERDAY'S SILVER ROCKS HIT TGT 38150 !!!!!!!!!!!!!!!!!!!

YESTERDAY'S CRUDEOIL ROCKS HIT TGT 2560!!!!!!!!!!!!!!!!!

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 29200 levels with a SL placed below 29000 levels for target of 29400 levels.

SILVER: The above is hourly chart of Silver. It suggests that prices are trading in mixed to firm note. It is expected to rise towards 38800 levels. On the downside, immediate support is located at 38100 levels.

Call: Buy around 38200 levels with a SL placed below 37800 levels for targets of 38500 levels.

CRUDEOIL: The above is hourly chart of Crude Oil. It suggests that prices are making higher highs and lows. It is expected to rise towards 2750 levels. On the lower side, immediate support is located at 2584 levels.

Call: Sell around 2750 levels with a SL placed above 2780 levels for targets of 2700 levels