Silver has been hammered down very badly.....
Silver Micro Feb has broken the basing area support of 57000, and now 56500 becomes the last hope for bulls... Some +ve divergence can be seen on daily charts but still not confirmed... 56500-56000 remains crucial to watch out for
Copper Mini Feb, bias would be bearish with resistance above 455...
With supports near 446.5-442-438
Natural Gas on daily charts looks positive @ CMP 178-178.25
with supports below 173 and targets near 180-184-190.
To be on a conservative side buying on dips can be advisable.
Regards
Hrishi
Silver Micro Feb has broken the basing area support of 57000, and now 56500 becomes the last hope for bulls... Some +ve divergence can be seen on daily charts but still not confirmed... 56500-56000 remains crucial to watch out for
Copper Mini Feb, bias would be bearish with resistance above 455...
With supports near 446.5-442-438
Natural Gas on daily charts looks positive @ CMP 178-178.25
with supports below 173 and targets near 180-184-190.
To be on a conservative side buying on dips can be advisable.
Regards
Hrishi
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