Wednesday, March 23, 2011

#copper , #gold , #silver Trading Levels For short term

Copper (MCX) Looks Strong -- till time prices holding the Key Level of 430 --- One Can expect An Further upside till 442--445--449  , Downside Below 430 Support at 426.5 ---410

Gold  & silver Faceing Resistance near Previous week's high on Comex , a Sustained trade Above Same Can Push prices Further up on Gold till 1447$ --1465 $--1489 $ and on Silver 36.5 $---37.2 $--38.4$
On downside Important Support on Gold now at 1415 $ & silver 35.2 $

Wednesday, March 2, 2011

#Silver Near medium term channel Resistance





Silver Will Face Strong Resistance near 35.1 $ lvls which is upper end of medium term Channel .Its moving in  channel From Lows of 18.6$ . The weekly RSI is also overbought and currently trading abv sub 75 lvls . Once can expect a short term top to be in place at 34.96 lvls and expect some Sideways consolidation to Downside . The immediate important Support Now is at 31.25 $, a Close below same can lead to Further Correction till 28$