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Macro

• Comex Gold edged higher after testing an intraday low of $4,020, supported by short covering and a modest pullback in the US Dollar Index. However, the near-term outlook remains sideways to negative, with resistance firmly placed at $4,250.

• Nymex Crude Oil edged lower on profit booking after rallying more than 6% in the previous session. Prices are currently trading below the $90 mark. The overall trend remains positive, with the near-term outlook staying constructive as long as prices hold above the $84 level.

Panel One

* 15 min candlesticks for a rolling three-day period have been plotted.

* Blue horizontal line shows an open gap which could either be up or down (open-gap up: low of next candle does not overlap the high of the prior candle, and vice versa for an open-gap down). The horizontal line showing the gap will only appear if the price has not visited the gap area.

Panel Two

* Plots the Slow Stochastics study to identify overbought (90 and above) and oversold (20 and below) areas

* Signals are generated when the fast line (black) crosses the slow line (blue)

Panel Three

* Plots the Fisher Transform study that helps identify extremes and makes turning points clearer.

* Red bands lie between +2 and +3 and can be thought of as an area where a peak could occur. Green bands lie between -2 and -3 and often mark bottoms.

Gold

SELL GOLD AROUND 144,000 SL ABOVE 144,500 TGT 143,200

* Nearby Support: 143,000

* Nearby Resistance: 145,000

* Nearby Gaps: None

Silver

BUY SILVER AROUND 221,000 SL BELOW 220,000 TGT 222500

* Nearby Support: 220,000

* Nearby Resistance: 225,000

* Nearby Gap(s): 221,000

Crudeoil

BUY CRUDE OIL AROUND 8450 SL 8400 TGT 8550

* Nearby Support: 8400

* Nearby Resistance: 8700

* Nearby Gap(s): None

Copper

BUY COPPER AROUND 1315 SL BELOW 1305 TGT 1330

* Nearby Support: 1305

* Nearby Resistance: 1350

* Open Gap(s): None

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SEBI Registration number is INZ000161633