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Commodities: Gold Silver Crude Oil Weekly Trading Strategy 12-16 July

Last week Gold Silver ended the week on a positive note.

From the last few days, Gold Silver price action was in favor of bulls. The same we discussed in last week’s analysis, and it rewards us well. Still, bulls are in control, and both precious metals can go higher in the coming days.

Crude Oil 5723-5750 Gann resistance zone worked great.

In last week Oil made high around 5730 and fell towards 5300 levels. That is the power of our Gann-based FME Method.

Next week 5600 price zone will play an important role. Above that, Crude Oil can move towards the 5723-5750 resistance zone.

Gold Silver price action was in favor of bulls

Gold Weekly Gann Levels

Next week, 12 & 15 July, are Gann reversal dates for MCX Gold.

Resistance is at 48100 levels; above that, Gold can move towards 48300/48600/49200.

Support is at 47500 levels; below that, MCX Gold can move towards 47300/46990/46400.

Silver price action

Silver Weekly Gann Levels

Next week, 12 & 15 July, are the Gann reversal dates for MCX Silver.

Resistance is at 69500 levels; above that, SilverSilver can move towards 69900/70400/70990.

Support is at 68400 levels; below that, MCX Silver can move towards 67990/67500/66900.

MCX Crude Oil Weekly Chart 10072021

Crude Oil Weekly Gann Levels

Next week, 12 & 15 July, Gann reversal dates for Crude Oil.

Resistance is at 5599 levels; above that, Crude Oil can move towards 5640/5690/5750.

Support is at 5490 levels; below that, MCX Crude Oil can move towards 5450/5400/5340.

Note: The above levels are only for study. Not a Buy/Sell advice.