Minor resistance - $1214 (trend line joining $1216.83 and $1213)
Minor support - $1199
The commodity is consolidating between $1190 and $1216 for the past three trading session. It is currently trading around $1209.
Any break above minor resistance $1214 confirms minor bullishness , a jump till $1235/$1249 is possible.
On the lower side any break below $1200 will drag the commodity down till $1190/$1171.
It is good to buy above $1214 with SL around $1200 for the TP of $1235/$1249.
Minor support - $1199
The commodity is consolidating between $1190 and $1216 for the past three trading session. It is currently trading around $1209.
Any break above minor resistance $1214 confirms minor bullishness , a jump till $1235/$1249 is possible.
On the lower side any break below $1200 will drag the commodity down till $1190/$1171.
It is good to buy above $1214 with SL around $1200 for the TP of $1235/$1249.
