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BULLIONS WEEKLY TECHNICAL LEVELS

GOLD(APR) MCX 4 HOURLY CHART

TRADING STRATEGY:
MCX Gold April as seen in the weekly chart prices rallied sharply breaking both the resistance levels towards 30,260 levels, but could not sustain corrected back towards 29,900 levels. For the next week we expect gold prices to find support around 29,300 levels. Trading consistently below 29,300 levels would lead towards the strong support at 29,050 levels and then finally towards the major support at 28,800 levels. On the other side Resistance is now observed around 30,500 levels.Trading consistently above 30,500 levels would lead towards the strong resistance at 31,000 levels, and then finally towards the Major resistance at 31,500 levels.

WEEKLY PIVOTAL
S1 S2 CLOSE R1 R2 29429 28968 29889 ! !" !#2!

1. Buy GOLD MCX Above 30000 TGT 30150/30350 SL 29750 2. Sell GOLD MCX Below 29700 TGT 29550/29350 SL 29970

BULLIONS WEEKLY TECHNICAL LEVELS


SILVER (MAR) MCX 4 HOURLY CHART

TRADING STRATEGY:
MCX Silver March opened the week at 47, 492 levels and made weekly low of 46,932 levels and high of 48,090 levels and manage to close near to the same opening levels. For the next week we expect silver prices to find support around 46,850 levels. Trading consistently below 46,850 levels would lead towards the strong support 46,000 levels. On the other side Resistance is now observed around 48,200 levels. Trading consistently above 48,200 levels would lead towards the strong resistance at 49,200 levels, and then finally towards the Major resistance at 50,000 levels.

WEEKLY PIVOTAL
S1 S2 CLOSE R1 R2 469! 46 8 4#46# 48!6$ 486"4

1. Buy SILVER MCX Above 47900 TGT 48250/48750 SL 47400 2. Sell SILVER MCX Below 47150 TGT 46800/46300 SL 47650

ENERGY WEEKLY TECHNICAL LEVELS


CRUDE OIL (%EB) MCX 4 HOURLY CHART

TRADING STRATEGY: MCX Crude prices may find support in the range of 6250 6280 levels. Closing below 6200 levels will take price to 6050 . Resistance is now observed in the range of 6430-6450 levels. 1. Buy CRUDE OIL MCX Above 6300 TGT 6220/6100 SL 6440 2. Sell CRUDE OIL MCX Below 6460 TGT 6540/6700 SL 6350

WEEKLY PIVOTAL
S1 S2 CLOSE R1 R2 62 4 6$!8 6 "9 646$ 6"62

ENERGY WEEKLY TECHNICAL LEVELS


NATURAL GAS (%EB) MCX 4 HOURLY CHART

TRADING STRATEGY: Natural gas failed to cross Psychological level of 400 and closed at 378 on Friday. We expect price can find support at 360-355 level and below this level can take price to weekly low at 325 level, on the other side buying sentiment only above 400 for the level 420-425. 1. Sell NATURAL GAS MCX Below 350 TGT 340/325 SL 365 2. Buy NATURAL GAS MCX Above 400 TGT 410/425 SL 380

WEEKLY PIVOTAL
S1 S2 CLOSE R1 R2 #&4 296&8# #8 4!#&! 4 6&!#

BASE METALS WEEKLY TECHNICAL LEVELS


COPPER (%EB) MCX 4 HOURLY CHART

TRADING STRATEGY: MCX Copper February opened at 447 levels initially moved higher and as expected found resistance at 454 levels. Later prices fell sharply towards 446.80 levels, and finally closed above from the previous weeks closing levels. Price can finde support at 443 level and below this level at 439-435, while Resisitance seen around 461-462 level. 1. Sell COPPER MCX Below 447 TGT 442/432 SL 454 2. Buy COPPER MCX Above 454 TGT 459/469 SL 454

WEEKLY PIVOTAL
S1 S2 CLOSE R1 R2 446&8# 44 &6 4"!&$ 4" &2# 4"6&4

BASE METALS WEEKLY TECHNICAL LEVELS


LEAD (%EB) MCX 4 HOURLY CHART

TRADING STRATEGY: After firm recovery in MCX LEAD a sharp decline seen previous week. We expect price can take support around 130.50-130 level while resistance at 136 level. 1. Sell LEAD MCX Below 130 TGT 128.5/126 SL 132.5 2. Buy LEAD MCX Above 133.30 TGT 135/137.5 SL 130.50

WEEKLY PIVOTAL
S1 S2 CLOSE R1 R2 $ !&68 $29&22 $ 2&$" $ 4&6 $ #&$2

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