For next week support for the index is lies in the zone of and levels. The index can face its resistance at the level of &

Transcription

1 27 AUG 2018

2 GOLD: The bullion metal shows some strength and sustaining on major support level, after making the weekly low in previous trading week this week gold made big bullish candle on weekly chart. The weekly candle opens above the previous close at and makes a high of The weekly candle makes a low of and closes at the weekly candle at the level of and it made a high of Gold is opened its weekly candle below the 67DMA and closes also below it. The RSI indicator shows the value of 46. The PSAR is above the candle. 67DMA is working for major resistance for gold. For next week support for the index is lies in the zone of and levels. The index can face its resistance at the level of & Gold CMP Support3 Support2 Support1 Pivot Point Resistance1 Resistance2 Resistance

3 SILVER: In this week Silver opens with the bullish candle then it got some buying momentum from the lower levels and after volatile trading week it made bullish doji candles on the weekly chart. Silver opened below the 7DMA and closes below it. The RSI indicator is showing the value of 38 which is looking shows some selling in the bullion metal. This week the candle made the high and low of and closes at the level of The major support levels for this week are followed by and the major resistance levels are and 38,540. SILVER CMP Support3 Support2 Support1 Pivot Point Resistance1 Resistance2 Resistance

4 CRUDE OIL: In this week crude oil opens above the previous close at the level of 4,593 then makes a low of 4,571. After making the low the crude get buying from the lower levels and makes a bullish candle on the weekly chart and made high of 4856 and close the weekly candle at the level of 4,804. The RSI indicator shows the level of 59 which shows the buying in the crude. PSAR is below the candle. Crude oil this week made bullish engulfing as per major support for bullish rally and looking for bullish trend for next few trading days. For next week support for the index lies in the zone of 4631 and 4,458 and the major resistance levels for this week are 4,916 followed by 5,028. CRUDE OIL CMP Support3 Support2 Support1 Pivot Point Resistance1 Resistance2 Resistance

5 COPPER: This week copper shows some buying after the last week bearish candle. The weekly candles opens at the level of makes a low of then it faces some buying from the lower levels and closes at the level of The base metal makes a high of RSI indicator shows the value of 40. PSAR is above the candle. The 7DMA and 21 DMA are above on the weekly chart. The major resistance levels for this week are 421 & 426 and the support levels are 308 & 399. COPPER CMP Support3 Support2 Support1 Pivot Point Resistance1 Resistance2 Resistance

6 LEAD: This week lead opens below the 7DMA at the level of and faces some selling in the starting of the week and makes a low of from the lower levels it faces some buying and closes the weekly candle at the level of The lead makes the high of RSI indicator shows the value of 38 which shows some buying in the lead. PSAR value is above the candle. As per technical this week lead made bullish engulfing pattern on weekly charts it indicates strong bullish level for next few trading session. The major support levels for this week are 139 & 133 and the resistance levels for this week are 148 & 151. LEAD CMP Support3 Support2 Support1 Pivot Point Resistance1 Resistance2 Resistance

7 ZINC: This week zinc makes a bullish candle on the weekly chart. The candle opens at the level of and makes a low of then it makes a high of It shows strong bullish trend on this week trading session. The zinc closes the weekly candle at the level of On the weekly chart the candle is closed below the 7DMA. RSI indicator shows the value of 37 which shows the recovery from bottom as per bullish engulfing pattern on weekly chart in the base metal. The support levels for the next week are 170 and 162 while the resistance levels are 182 followed by 186. zinc CMP Support3 Support2 Support1 Pivot Point Resistance1 Resistance2 Resistance

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