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S T R A T E G I E S : : T A C T I C S : : A N A L Y S I S

FINANCIAL MARKET STRATEGIST

Daily Fundamental & Technical Analysis on
All Commodities

Jan 31, 2019

Sell In Range

Copper

CMP

436.3

Support-1

433.0

Support-2

427.0

Resistance-1

442.0

Resistance-2

450.0

Description

Written here on 30th Jan >>>> Now today support area at 425-426..Initially some upside will be seen…On higher side next resistance area at 433 and then 442 in coming sessions will be seen if sustain above the support area….So buying on dips is the strategy…

Sell Below

Gold

CMP

32899.0

Support-1

32800.0

Support-2

32600.0

Resistance-1

33100.0

Resistance-2

33330.0

Description

Written here on 29th Jan >>>> FOMC meeting on interest rate decision will be held tomorrow. So till meeting strength will be seen in Bullion…On higher side $1310-$1320 will be next destination for Gold. So any sharp decline can be utilized for buying for coming sessions….On downside support area at 32300-32350 …On higher side next resistance and target at 32700-32950 in coming days…

Sell In Range

Crude

CMP

3906.0

Support-1

3870.0

Support-2

3820.0

Resistance-1

3930.0

Resistance-2

4000.0

Description

Written here on 30th Jan >>>> Sharp upside was seen yesterday..Now on downside support area at 3750-3760…May try to test this area..If manage to sustain and close above 3850 then next upside rally will be seen towards 3950-4000 ranges…So keep eye on lower levels for coming sessions…

Buy In Range

Zinc

CMP

192.45

Support-1

191.0

Support-2

189.6

Resistance-1

192.6

Resistance-2

194.25

Description

Today is expiry of current contract. Initially some weakness will be seen…190-189 is support area..On higher side if sustain above 192.60 then some more upside will be seen…

Buy In Range

Silver

CMP

40335.0

Support-1

40200.0

Support-2

39850.0

Resistance-1

40800.0

Resistance-2

41250.0

Description

As written here yesterday that on higher side Silver likely to test 40700-40800 ranges.. If sustain and close above this level then new upside will be seen..There are fair chances of profit booking from higher levels in the evening session…On downside keep eye on 40200 level..If manage to sustain below this then do not hold long…

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