TRADE LEVEL & VIEW FOR MAJOR COMMODITY FUTURE

GOLD COMEX CLOSE YESTERDAY TRADING @ 1179.80
TRADE RANGE BETWEEN $ 1163 TO 1184.60

SILVER CLOSE YESTERDAY  $ 16.11
TRADE RANGE $ 15.79 TO 16.16

As the both of precious metals close above weekly & monthly resistance, I am expecting more high in near future.  My view for Gold is $ 1200-1222 and Silver $ 17.4-18 before any major downtrend.

INTRA TRADE LEVEL

GOLD (GCZ15)

 RESISTANCE 2 :  1205
 RESISTANCE 1 :  1191
 PIVOT                :  1178
 SUPPORT 1        :  1169
 SUPPORT 2        :  1159 

RECOMMENDED BUY

SILVER (SIZ15)

 RESISTANCE 2 : 16.44
 RESISTANCE 1 : 16.22
 PIVOT                : 15.97
 SUPPORT 1        : 15.77
 SUPPORT 2        : 15.55

RECOMMENDED BUY





CRUDE OIL

Crude oil lower support at 45.85 and first resistance at 47.25

Waiting for inventory numbers. (AGGRESSIVE TRADE MAY BE A GOOD IDEA WITH PROPER STOP)

COPPER

As I wrote in my last report, copper could not move below our support level 2.25 and trading  now 2.42 near our major resistance 2.445. Any trade above this resistance level will open door for 2.52 till that looking for short with proper stop.

Any free entry in my trading room for the period of one week write me bestech30@gmail.com

Intraday trade is very differ from the level given above as I use very small stop with my each trade.

Happy trading

Rahul Kumar
Bullion Expert
CTA
HFBC

+91 819-3003-476