Gold traded higher on Tuesday as weak U.S. economic data and concerns about an interim Sino-U.S. trade deal lent support to the safe-haven asset. On the other hand, Crude oil traded higher after Russia's energy minister said cooperation with OPEC to support the market would continue and as analysts forecast a second weekly decline in
Technical Levels
Gold (Dec)
Support at 38250 and Resistance at 38400
Break and sustain above 38400 will take it to 38600
or else it could test its support again.
Fresh selling will do on a close below 38250.
Trade with the levels only.
Crude Oil (Dec)
Immediate Support at 4270 and resistance at 4330.
Break and sustain
above 4330 will take it 4400-4430 or else it could test its support again.
Fresh selling will do on a close below 4270.
Trade with the levels only.
Natural Gas (Dec)
Support at 155 and resistance at 160.
Break and close below 155 will take it to 152-148 or else it could test its resistance again.
Fresh buying will do on a close above 160.
Trade safely with the levels only.
Nickel (Dec)
Support at 1040 and Resistance at 1060.
Break and close above 1060 will take it to 1090 -1100 or else it could test its support again.
Fresh selling will do on a close below 1040.
Trade safely with the levels only.
Copper (Dec)
Support at 438 and Resistance at 444.50.
Trade within the range and wait for the confirmation.
More will update soon..
