VIEW FOR 16TH JUNE 2009

MCX Gold August: A pullback to resistance levels at 14530-14561 or even higher towards 14670 / 14701 levels can be seen as long as 14328 levels is not breached on the downside. S1: 14280 S2: 14160 R1: 14540 R2: 14630

MCX Silver July : A pullback to resistance levels at 23100-23483 or even higher can be seen as long as 22380 levels are not breached on the downside. S1: 22350 S2: 22175 R1: 22750 R2: 22985

MCX Copper June: Pullback to resistance levels at 244.0 followed by 248 expected. Favored view expects these resistance levels to cap rallies for a fall to 236 levels. S1: 238 S2: 234 R1: 245 R2: 248

MCX CrudeOil July:Resistance at 3423/3452 could cap rally for fall toward 3336. Rise above 3472 to negate bearish view. S1: 3360 S2: 3320 R1: 3445 R2: 3480

MCX Zinc June: Dips to 73.75/73.50 likely to find support for a move higher towards 76.0 / 77.0 levels now. Only a fall below 73.0 to negate this bullish view. S1: 73.45 S2: 72.60 R1: 75.55 R2: 77.00

MCX Lead June : Rallies to 84.85/85.15 to find resistance for a move lower towards 82.30/ 81.80 levels . A rise above 86.40 to negate this bearish view.S1: 82.50 S2: 81.00 R1: 84.70 R2: 85.60

MCX Nickel June: Rallies to 743 /746 to find resistance for a move lower towards 703 /690 levels .A rise above 751 to negate this bearish view. S1:725 S2:710 R1: 750 R2: 768

MCX Natural Gas July : Dips to 192.00 /188.0 likely to find support for a move higher towards 208 levels now. Only a fall below 184 to negate this bullish view now. S1: 193 S2: 188 R1: 202 R2: 206

TRADING STARTEGY ::
GOLD MCX AUGUST ::
Sell on rise to 14428-14475 with a stop loss of 14500.
Expect lower range of 14356-14309.

SILVER MCX JULY ::
Sell on rise to 22758-23066 with a stop loss of 23329.
Lower range of 22217-21909 range could be tested.
Yesterday movement was a big black candle therefore we could find price reacting up towards CP-22758 on intra-day basis before making ways down again later.

INTERNATIONAL SPOT GOLD ::

test of 915 now looks inevitable, but presently an upswing is in progress targetting 935-939 initially, for a likely turn lower, unless we see avoluminous break above 943
Alternate Scenario:
A break of 927 should signal resumption of broad downward trend targetting 915

ENJOY TRADING !!!!!