What Next ??? - May 6, 2024

15 responded this week, 8 see prices up, while 7 see prices down, and 0 see prices unchanged. especially Trading range will be between $2267-$2363 levels.

S1:2310.45 S2:2287 S3:2267.45
R1:2329.50 R2:2346 R3:2363.50

Silver Prices remain volatile, but the tone toward the metal remains high, especially Trading range will be between $25.02-$29.15 levels.

S1:26.71 S2:26.03 S3:25.02
R1:27.77 R2:28.39 R3:29.15

10 of 15 analysts, forecast Crude Oil will rise in next week. 1 respondents predicted that futures will be little changed and 4 said the contract will fall.

S1:77.24 S2:75.91 S3:73.83
R1:79.42 R2:80.63 R3:82.04

8 of 20 analysts, investors and traders surveyed, said the metal will fall next week. while 10 see prices rise, and 2 see prices unchanged. Copper may trade in next week up to 835.70-898.50 levels.

Now support for the Gold is seen at 70819 and below could see a test of 70344-69555 Resistance is now likely to be seen at 71471 a move above could see prices testing 71852-72263.

S1:70819 R2:70344 R3:69555
R1:71471 S2:71852 S3:72263

Now support for the silver is seen at 82012 and below could see a test of 80449-78050 Resistance is now likely to be seen at 83312 a move above could see prices testing 84949-86850.

S1:82012 S2:80449 S3:78050
R1:83312 R2:84949 R3:86850

Now support for the Crude is seen at 6380 and below could see a test of 5804. Resistance is now likely to be seen at , 6660 a move above could see prices testing 6942-7164

S1:6380 S2:6151 S3:5804
R1:6660 R2:6942 R3:7164

Now support for Copper is seen at 855.50 and below could see a test of 837.55-825.70. Resistance is now likely to be seen at 878.85, a move above could see prices testing 883.40-895.55

S1:855.50 S2:837.55 S3:825.70
R1:878.85 R2:883.40 R3:895.55

Now support for the Nickel is seen at 2432.65 and below could see a test of 2381.80-2300.25 Resistance is now likely to be seen at 2475.20, a move above could see prices testing 2530.95-2689

S1:2432.65 S2:2381.80 S3:2300.25
R1:2475.20 R2:2530.95 R3:2689

Now support for the Natural Gas is seen at 170.75 and below could see a test of 161.80-146.25. Resistance is now likely to be seen at 184.70, a move above could see prices testing 193.95-199.80

S1:170.75 S2:.161.0 S3:146.25
R1:184.70 R2:193.95 R3:199.80