commodity market technical outlook 17 may 2016

commodity market technical outlook 17 may 2016 Mcx gold future is sustain above major support and remain buy on dips. For intraday 30230 and 30400 are upside tgts. On downside 29900 and 29750 are support zones. Silver future intraday resistances are 41525 and 41800. On downside 41k is major support.     In base metals, use sell on rise view for all metals. Copper is buy around 303-305 zone while nickel is buy below 574. Zinc and lead are approaching major resistances.     Mcx crude oil intraday resistance levels are 3205 and 3240 while on downside support zones are 3145 and 3080. See crude June approaching my tgt 3300+. Ng is heading towards my tgt 130 and below.

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