MCX Gold Silver Crude Oil Weekly Outlook 03-07 May

Last week, both precious metals, Gold and Silver, traded lower.

MCX Crude Oil traded in a close range. The weekly close above 4830 levels can trigger further upside. Else Oil will continue to trade in the 4400-4800 range.

MCX Gold Weekly Levels

Next week, 03 & 07 May, are the crucial dates for MCX Gold.

Resistant is at 47100 levels; above that, Gold can move towards 47250/47550/48200.

Support is at 46500 levels; below that, MCX Gold can move towards 46350/46050/45400.

MCX Silver Weekly Levels

Next week, 03 & 07 May, are the crucial Gann dates for Silver.

Resistant is at 67900 levels; above that, Silver can move towards 68300/69100/70500.

Support is at 66900 levels; below that, MCX Silver can move towards 66500/65700/64500.

MCX Crude Oil Weekly Gann Levels

Crude Oil Weekly Levels

Next week, 05 & 07 April, are the crucial dates for Crude Oil.

Resistant is at 4780 levels; above that, MCX Crude Oil can move towards 4830/4910/5040.

Support is at 4660 levels; below that, Crude Oil can move towards 4610/4540/4410.

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

About the author

Divesh Jotwani is a full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day-in and-out markets.