We got another selling opportunity in crudeoil yesterday on a breakout retest of 60min key levels around 2160 & we see price falling quite strongly from the level >
Price reached our support target almost. I exited long near the support as the upcoming support looks a crucial level with multiple pushbacks from past.So taking a chance till price reaches the support level.
I missed drawing a support zone in silver 60min chart hence missed the below trade in 60min of breakout retest around 33600 level >
Price has been moving in a range for last few months between 25730-24750 & currently we saw price closed well above the range which was a showing a possible breakout toeards more higher level.But finally price failed to push up from the range & created a false break with a closing back inside the range which shows a possible range continuation in coming days.We'll trade towards downside for gold now again.
Below is the weekly chart showing you gold standing on a weekly strong resistance >
nifty's next major support is coming around 7420 level after a break below 7540 key support level >
Below chart shows nifty well closed below 7540 level & we'll be shorting on a retest of 7540 level with a stoploss above 7540 layer of resistance for a target of 7420 support level.