Commodity Market Outlook
Gold Weekly
Last week Gold closed below 21 DEMA & 55 DEMA which is at 27405 & 27180 respectively. In upcoming week Gold has Resistance at 27300-27650 & support at 26650 .On Weekly charts it breaks a rising channel and supported by good volume & confirmed sell signal by Stochastic supported by RSI. If Gold sustain below 26650 then could test the levels of 26450-26300.Multiple close below 26280 will see free fall till 26050-25700. Any sharp rise in price could be a good selling opportunity.
Weekly Pivot
COMMODITY GOLD
R3 | R2 | R1 | P | S1 | S2 | S3
28705| 28275 | 27540 | 27110 | 27370 | 25940 | 25200

OUTLOOK
Trend: - Bearish | Strategy: - Sell On High

Silver Weekly
Last week Silver closed below 21 DEMA & 55 DEMA which is at 38153 & 37880 respectively. In upcoming week Silver has Resistance at 38150- 38550 & support at 36200. On weekly charts it breaks a rising wedge and supported by good volume & confirmed sell signal by Stochastic supported by RSI. If Silver sustain below 36200 then could test the levels of 35750 multiple close below 35600 will see free fall on the other hand if close above 38200 could bounce 38800-40000. Fresh buying will generate only above 40000. We could expect a high volatile trade in silver in coming week.
COMMODITY Silver
R3 | R2 | R1 | P | S1 | S2 | S3
40710| 39855 | 38480 | 37585 | 36170 | 35315 | 33900

OUTLOOK
Trend: - Bearish | Strategy: - Sell On High

Crude Oil Report
Last week Crude oil closed above 21 DEMA but below 55 DEMA which is at 3074 & 3507 respectively which confirm its volatility. In upcoming week Crude oil has immediate Resistance at 3340 & support at 2865. Last week buying sentiments generated as of W formation breakout on daily charts, RSI sharply rises from 9 to 26. If Crude oil able to sustain above the level of 3340 then it could test 3425- 3570 where as closing below is support 2860 could see sharp correction. Any sharp correction could be good buying opportunity.

Copper Weekly
Last week Copper closed below 21 DEMA & 55 DEMA which is at 357.50 & 377.40 respectively. In upcoming week Copper has Resistance at 358.50 & support at 340. Last week is generating buying sentiments followed by weekly ‘DOJI ‘pattern. Stochastic & RSI both are trailing in oversold zone 13 & 31 respectively. If Copper able to sustain above the level of 359 then it could test 365-372 where as closing below 338 could see sharp correction till 332-228 and more.
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