MCX Gold August: Prices are consolidating between 14759 and 14391 as of now. Break of the range will decide the direction.Only a break above 14773 will be a bullish sign. S1: 14550 S2: 14470 R1: 14740 R2: 14860
MCX Silver July : Dips to 23454/23532 could find support for a move higher towards 24414/24460, breakbelow 23144 will be a bearish sign. S1: 23750 S2: 23500 R1: 24200 R2: 24550
MCX Copper June: Dip to 253/254 to find resistance for fall lower toward 263/265; break below 250.2 will negate bullish view. S1: 251 S2: 248 R1: 258 R2: 263
MCX Crude Oil June: As long as 3431 holds support expect move toward 3557/3585, break below 3400will be bearish sign. S1: 3400 S2: 3350 R1: 3500 R2: 3540
MCX Zinc June: Dips to 79.00 / 78.50 likely to find support for a move higher towards 82.00 levels now. Only a fall below 77.80 to negate this bullish view. S1: 79.10 S2: 78.15 R1: 81.00 R2: 82.40
MCX Lead June : Dips to 82.65/82.30 likely to find support for a move higher towards 87.50 level now. Only a fall below 81.00 to negate this bullish view.S1: 84.50 S2: 83.00 R1: 86.70 R2: 87.60
MCX Nickel June: Dips to 736/733 likely to find support for a move higher towards 760 levels now. Only a fall below 718 to negate this bullish view. S1:732 S2:720 R1: 763 R2: 775
MCX Natural Gas June : Dips to 184.0/182.0 likely to find support for a move higher towards 201 levelsnow. Only a fall below 174 to negate this bullish view now. S1: 184 S2: 180 R1: 191 R2: 196
TRADING STRATEGY ::
GOLD MCX AUGUST :: Cover short positions on dip to 14628-14562 as the opportunity arises.
Intra-day traders can wait for a rise above 14731 and when it falls below 14731 then sell with high above 14731 as the stop loss.
A rise towards 14731-14797 is likely but need to be seen if it an sustain
SILVER MCX JULY :: Expect a rise towards 24171-24939.
Overall use rise to 24171-24393 to exit pending stuck up long positions.
The nature of movement is sideways therefore twin strategy can be adopted as per individual comfort.
Traders can buy on corrective dip to 23795-23573 with a stop loss of 23420.
Intra-day traders can wait for a rise above 24171 and when it falls below 24171 then sell with high above 24171 as the stop loss to cover at 23948-23795 range.
Sell further on fall and close below 23420
INT. SPOT GOLD :: A sideways movement for last 3-4 trading days in the range of 966$-940$ is being witnessed.
Traders holding short positions can cover at current price to 940$ range as the opportunity arises.
Sell further on fall and close below 940$.
If that happens then expect a slide towards the 50% and 61.8% retracement levels of 927$ and 912$.
Resistance is at 961$-966$.
A rise and close above 966$ can imitate a pullback of the fall from 990$-942$.
INT. SPOT SILVER :: Immediate resistance is at 15.51$.
On rise above 15.51$, expect rise towards 15.66$-15.85$-16.04$.
Support will be at 15.16$-14.94$.
Corrective dip to 15.16$ can be used for buying with as stop loss of 14.94$.
Overall, traders can use rise to exit long and take profit if any at resistance level of 15.66$-16.04$.
Sell on fall and close below 14.94$ as trend line violation could be witnessed.
NYMEX LIGHT CRUDE OIL :: A channeled up move in Crude Oil is being witnessed.
Expect a rise to move towards 76-79$ in days to come.
Support will be at 71.8$-71.3$-70.4$-70$.
Overall hold long positions with a stop loss of 70$.
Corrective dip to 71.80$-71.3$ can be used for buying.
We had indicated earlier when 60$ was crossed the first range was 66-69$ and the next was 76-79$.
The first has been crossed and now we are gradually heading towards 76$-79$ in a channeled up move.
ENJOY TRADING !!!!
Friday, June 12, 2009
Thursday, June 11, 2009
VIEWS FOR 11TH JUNE 2009
MCX Gold August: Rallies to 14703 / 14780 likely to find resistance for a move lower towards 14381 levels now. A rise above 14918 to negate this bearish view. S1: 14550 S2: 14470 R1: 14700 R2: 14830
MCX Silver July : Rallies to 24004/24129 likely to find resistance for a move lower towards 22645 levels now. Only a rise above 24269 to negate this bearish view. S1: 23480 S2: 23200 R1: 23900 R2: 24300
MCX Copper June: Rallies to 249.75 / 251 likely to find resistance for a fall towards support levels at 241.30/238.0 levels now. A rise above 253 to signal continuation of the bullish move. S1: 245 S2: 241 R1: 251.5 R2: 255.5
MCX Crude Oil June: Rallies to 3435 / 3449 likely to find resistance for a move lower towards 3269 / 3254. A rise above 3473 to negate this bearish view. S1: 3320 S2: 3250 R1: 3410 R2: 3460
MCX Zinc June: A break below 75.4 could lead price lower towards 74.80 / 74.50 levels . Favored view expects supports to hold dips for a rally towards 77.50 / 78.20 levels. Only a fall below 73.00 to negate this view. S1: 75.00 S2: 74.15 R1: 76.70 R2: 77.80
MCX Lead June : A break below 81.10 could lead price lower towards 79.50 /79.80 levels . Favored view expects supports to hold dips for a rally towards 83.80 /84.20 levels. Only a fall below 77.45 to negate this view. S1: 80.50 S2: 79.30 R1: 82.70 R2: 84.00
MCX Nickel June: A break below 707 could lead price lower towards 700 / 696 levels . Favored view expects supports to hold dips for a rally towards 750 /755 levels. Only a fall below 678 to negate this view. S1:705 S2:687 R1: 730 R2: 745
MCX Natural Gas June : Until the support at 168 holds expect prices to move towards 195 levels. Close above 195 will confirm more bullishness .Fall below 167 will negate our view. S1: 172 S2: 165 R1: 183 R2: 188
TRADING STRATEGY ::
GOLD MCX AUGUST ::
Support will be at 14553-14507.
Sell on fall and close below 14500.
Traders who are already short on Gold can cover short positions at 14553 or below as the opportunity arises.
Re-enter short on fall and close below 14500.
Resistance will be at 14720.
Traders who are already holding short positions can maintain a stop loss of 14720.
Intra-day traders can wait for a rise above 14700 and when it falls below 14700 then sell with high above 14700 as the stop loss
SILVER MCX JULY ::
Cover short positions at 23356 or below as the opportunity arises and maintain a stop loss of 23948.
Sell further on fall and close below 23162 with high of the day stop loss.
Intra-day traders can wait for a rise above 23869 and when it falls below 23869 then sell with high above 23869 as the stop loss to cover at 23575 or below.
INTERNATIOAL SPOT GOLD ::
A sideways volatile movement in the band of 966$-942$ is being witnessed for last 4 trading days.
Resistance continues at 961$-966$.
Traders holding long positions by chance can exit long on rise to resistance.
In case of rise above 966$, followed by a close also above it then we could see a rise to test the broker trend line which is moving up now.
Yesterday, it moved to 966$ but closed lower.
Trading long positions can be undertaken above 966$ only in the mean time look to exit long.
Traders who are short need to maintain a stop loss of 966$.
Sell further on fall and close below 942$.
Lower support range is at 946$-942$.
INTERNATIONAL SPOT SILVER ::
Sideways movement in the band of 15.49-14.71 is being witnessed.
Traders can buy on rise above 15.49$ with a stop loss of 15$.
Sell on fall below 15$ with a stop loss of 15.49$.
Expect lower range of 14.88-14.75$ to be tested on fall below 15$.
In the same way a rise above 15.49$ can take silver price to test the trend line which was violated a few days back. The same trend line will not act as resistance in case of rise and close above 15.49$. The trend line value is placed at 15.75$.
ENJOY TRADING !!!!
MCX Silver July : Rallies to 24004/24129 likely to find resistance for a move lower towards 22645 levels now. Only a rise above 24269 to negate this bearish view. S1: 23480 S2: 23200 R1: 23900 R2: 24300
MCX Copper June: Rallies to 249.75 / 251 likely to find resistance for a fall towards support levels at 241.30/238.0 levels now. A rise above 253 to signal continuation of the bullish move. S1: 245 S2: 241 R1: 251.5 R2: 255.5
MCX Crude Oil June: Rallies to 3435 / 3449 likely to find resistance for a move lower towards 3269 / 3254. A rise above 3473 to negate this bearish view. S1: 3320 S2: 3250 R1: 3410 R2: 3460
MCX Zinc June: A break below 75.4 could lead price lower towards 74.80 / 74.50 levels . Favored view expects supports to hold dips for a rally towards 77.50 / 78.20 levels. Only a fall below 73.00 to negate this view. S1: 75.00 S2: 74.15 R1: 76.70 R2: 77.80
MCX Lead June : A break below 81.10 could lead price lower towards 79.50 /79.80 levels . Favored view expects supports to hold dips for a rally towards 83.80 /84.20 levels. Only a fall below 77.45 to negate this view. S1: 80.50 S2: 79.30 R1: 82.70 R2: 84.00
MCX Nickel June: A break below 707 could lead price lower towards 700 / 696 levels . Favored view expects supports to hold dips for a rally towards 750 /755 levels. Only a fall below 678 to negate this view. S1:705 S2:687 R1: 730 R2: 745
MCX Natural Gas June : Until the support at 168 holds expect prices to move towards 195 levels. Close above 195 will confirm more bullishness .Fall below 167 will negate our view. S1: 172 S2: 165 R1: 183 R2: 188
TRADING STRATEGY ::
GOLD MCX AUGUST ::
Support will be at 14553-14507.
Sell on fall and close below 14500.
Traders who are already short on Gold can cover short positions at 14553 or below as the opportunity arises.
Re-enter short on fall and close below 14500.
Resistance will be at 14720.
Traders who are already holding short positions can maintain a stop loss of 14720.
Intra-day traders can wait for a rise above 14700 and when it falls below 14700 then sell with high above 14700 as the stop loss
SILVER MCX JULY ::
Cover short positions at 23356 or below as the opportunity arises and maintain a stop loss of 23948.
Sell further on fall and close below 23162 with high of the day stop loss.
Intra-day traders can wait for a rise above 23869 and when it falls below 23869 then sell with high above 23869 as the stop loss to cover at 23575 or below.
INTERNATIOAL SPOT GOLD ::
A sideways volatile movement in the band of 966$-942$ is being witnessed for last 4 trading days.
Resistance continues at 961$-966$.
Traders holding long positions by chance can exit long on rise to resistance.
In case of rise above 966$, followed by a close also above it then we could see a rise to test the broker trend line which is moving up now.
Yesterday, it moved to 966$ but closed lower.
Trading long positions can be undertaken above 966$ only in the mean time look to exit long.
Traders who are short need to maintain a stop loss of 966$.
Sell further on fall and close below 942$.
Lower support range is at 946$-942$.
INTERNATIONAL SPOT SILVER ::
Sideways movement in the band of 15.49-14.71 is being witnessed.
Traders can buy on rise above 15.49$ with a stop loss of 15$.
Sell on fall below 15$ with a stop loss of 15.49$.
Expect lower range of 14.88-14.75$ to be tested on fall below 15$.
In the same way a rise above 15.49$ can take silver price to test the trend line which was violated a few days back. The same trend line will not act as resistance in case of rise and close above 15.49$. The trend line value is placed at 15.75$.
ENJOY TRADING !!!!
Wednesday, June 10, 2009
VIEWS FOR 10TH JUNE 2009
MCX Gold August: As long as 14473/14503 holds support expect a move towards 14841/14871, break below 14458 would negate this bullish view.S1: 14520 S2: 14450 R1: 14680 R2: 14750
MCX Silver July : As long as 23090/23168 holds support expect a move towards 24178, break below 23012 will negate this bullish view. S1: 23360 S2: 23100 R1: 23768 R2: 24000
MCX Copper June: Dips to 243.85/241.20 to find support for a move higher towards 255, break below 237 will negate this bullish view. S1: 243 S2: 239 R1: 250 R2: 254.5
MCX Crude Oil June: Dips to 3288/3279 to find support for a move higher towards 3392/3415, break below 3232 would negate this bullish view. S1: 3255 S2: 3200 R1: 3340 R2: 3400
MCX Zinc June: Dips to 75.0/74.75 likely to find support for a move higher towards 78.20 levels . Only a fall below 74.00 to negate this bullish view. S1: 75.00 S2: 74.15 R1: 76.70 R2: 77.80
MCX Lead June : Dips to 81.35/81.00 likely to find support for a move higher towards 84.00 levels . Only a fall below 79.85 to raise doubts about this view. S1: 81.50 S2: 80.30 R1: 83.65 R2: 84.80
MCX Nickel June: Dips to 707/705 likely to find support for a move higher towards 730 levels. Only a fall below 686 to negate this bullish view. S1:705 S2:687 R1: 730 R2: 745
MCX Natural Gas June : Until the support at 168 holds expect prices to move towards 195 levels. Close above 195 will confirm more bullishness .Fall below 167 will negate our view. S1: 172 S2: 165 R1: 183 R2: 188
TRADING STRATEGY ::
GOLD MCX AUGUST ::
Support will be at 14553-14521.
Sell on fall and close below 14520.
Traders who are already short on Gold can cover short positions at 14553 or below as the opportunity arises.
Re-enter short on fall and close below 14520.
Resistance will be at 14681-14700.
Traders who are already holding short positions can maintain a stop loss of 14700.
Intra-day traders can wait for a rise above 14681 and when it falls below 14681 then sell with high above 14681 as the stop loss.
SILVER MCX JULY ::
Cover short positions at 23526-23284 as the opportunity arises and maintain a stop loss of 23848.
Sell further on fall and close below 23162 with high of the day stop loss.
Intra-day traders can wait for a rise above 23799 and when it falls below 23799 then sell with high above 23799 as the stop loss to cover at 23557 or below.
INTERNATIONAL SPOT GOLD ::
Resistance will be at 960-962$.
On rise above 962$ a pull back of the fall from 983.8 to 9242.8 is possible.
An attempt to test back the broken trend line will be attempted.
Traders holding short positions can cover at cmp of 958 or below.
Sell further only on fall below 942$.
Traders who are short need to maintain a stop loss of 962$.
Traders cant trade long on rise above 962$ with low of the day stop loss at the point of breakout.
ENJOY TRADING !!!!
MCX Silver July : As long as 23090/23168 holds support expect a move towards 24178, break below 23012 will negate this bullish view. S1: 23360 S2: 23100 R1: 23768 R2: 24000
MCX Copper June: Dips to 243.85/241.20 to find support for a move higher towards 255, break below 237 will negate this bullish view. S1: 243 S2: 239 R1: 250 R2: 254.5
MCX Crude Oil June: Dips to 3288/3279 to find support for a move higher towards 3392/3415, break below 3232 would negate this bullish view. S1: 3255 S2: 3200 R1: 3340 R2: 3400
MCX Zinc June: Dips to 75.0/74.75 likely to find support for a move higher towards 78.20 levels . Only a fall below 74.00 to negate this bullish view. S1: 75.00 S2: 74.15 R1: 76.70 R2: 77.80
MCX Lead June : Dips to 81.35/81.00 likely to find support for a move higher towards 84.00 levels . Only a fall below 79.85 to raise doubts about this view. S1: 81.50 S2: 80.30 R1: 83.65 R2: 84.80
MCX Nickel June: Dips to 707/705 likely to find support for a move higher towards 730 levels. Only a fall below 686 to negate this bullish view. S1:705 S2:687 R1: 730 R2: 745
MCX Natural Gas June : Until the support at 168 holds expect prices to move towards 195 levels. Close above 195 will confirm more bullishness .Fall below 167 will negate our view. S1: 172 S2: 165 R1: 183 R2: 188
TRADING STRATEGY ::
GOLD MCX AUGUST ::
Support will be at 14553-14521.
Sell on fall and close below 14520.
Traders who are already short on Gold can cover short positions at 14553 or below as the opportunity arises.
Re-enter short on fall and close below 14520.
Resistance will be at 14681-14700.
Traders who are already holding short positions can maintain a stop loss of 14700.
Intra-day traders can wait for a rise above 14681 and when it falls below 14681 then sell with high above 14681 as the stop loss.
SILVER MCX JULY ::
Cover short positions at 23526-23284 as the opportunity arises and maintain a stop loss of 23848.
Sell further on fall and close below 23162 with high of the day stop loss.
Intra-day traders can wait for a rise above 23799 and when it falls below 23799 then sell with high above 23799 as the stop loss to cover at 23557 or below.
INTERNATIONAL SPOT GOLD ::
Resistance will be at 960-962$.
On rise above 962$ a pull back of the fall from 983.8 to 9242.8 is possible.
An attempt to test back the broken trend line will be attempted.
Traders holding short positions can cover at cmp of 958 or below.
Sell further only on fall below 942$.
Traders who are short need to maintain a stop loss of 962$.
Traders cant trade long on rise above 962$ with low of the day stop loss at the point of breakout.
ENJOY TRADING !!!!
Monday, June 8, 2009
VIEWS FOR THE WEEK STARTING FROM 8th JUNE 2009
VIEWS FOR THE WEEK STARTING FROM 8th JUNE 2009
MCX Gold August: Important resistance is at 14655-14670 levels now. Gold could be locked in a consolidation between 14500/14881 in the coming sessions.Price structures remain positive as long as 14225 support attempts to decline.S1: 14600 S2: 14495 R1: 14705 R2: 14810
MCX Silver July : Resistance will be seen at 24125/24205 levels now. An equality target for the present corrective decline lies at 22740. As long as 23940-24125 caps upside attempts we expect a decline towards 22740 in the coming sessions.S1: 23500 S2: 23120 R1: 23990 R2: 24365
MCX Crude Oil June: Near-term support is at 3200 for the uptrend to continue and rise towards 3400/3430. Stronger support is at 3120/3125 levels.Failure to hold support here could dent our bullish view. S1: 3200 S2: 3130 R1: 3280 R2: 3320
MCX Copper June: Break above resistance at 241-242 to open the way for a est of 256/257 levels in the coming sessions. Fall below 229 to dent our bullish expectations.S1: 234 S2: 230 R1: 242 R2: 247
MCX Zinc June: Rallies to 74.40/74.75 levels likely to find resistance for a move lower towards 71.50 levels .Only a rise above 75.10 to negate this bearish view.S1: 73.0 S2: 71.0 R1: 74.1 R2: 75.3
MCX Lead June : Rallies to 78.05/78.20 to find resistance for a move lower towards 76.00 levels.Only a rise above 78.60 to negate this bearish view. S1: 77.00 S2: 76.00 R1: 78.3 R2: 79.0
MCX Nickel June: Rallies to 657/ 660 likely to find resistance for a move lower towards 622/620 levels.Only a rise above 661 to negate this bearish view.S1:637 S2:625 R1: 668 R2: 690
MCX Natural Gas June : Until the support at 177 holds expect prices to move towards 195 levels. Close above 195 will confirm more bullishness .Fall below 173/174 will negate our view. S1: 177 S2: 173 R1: 188 R2: 192
TRADING STRATEGY FOR THE DAY ::
GOLD MCX AUGUST ::
Exit long positions on rise to 14713-14858 as the opportunity arises.
Re-enter long on rise and close above 14970.
Support will be at 14567-14520.
On fall and close below 14500 can take Gold towards 14375.
Traders can wait for a rise above 14858 and when it falls below 14858 then sell with high above 14858 as the stop loss.
SILVER MCX JULY ::
Traders holding long positions can maintain a stop loss of 23421.
Look for rise to 23885-24288 to take profit.
Re-enter long on rise and close above 24690.
Expect a correction on fall and close below 23420 as the trend line also will get violated.
INTERNATIONAL SPOT GOLD ::
Overall objective can be to exit long position and sell on rise to the resistance level.
Resistance will be at 963$-975$ with a stop loss of 990$.
On fall and close below 952$, expect a correction.
The trend line has been violated. A further fall and close below 952$ will bring about a correction of the rise from 864$ to 990$.
The retracement level in that case will be placed at 942$-927$-912$.
INTERNATIONAL SPOT SILVER ::
Support will be at 15.31$-15$.
Resistance will be at 15.65$-16.23$.
A sideways volatile movement is being witnessed.
If the support of 15$ is not violated then we could find price spike towards the resistance or could even test 16.40$.
ENJOY TRADING !!!!
GET DAILY SUCH COMMODITY VIEWS & TRADING STRATEGY IN YOUR EMAIL INBOX @ JUST RS. 3000 /- PER MONTH
MCX Gold August: Important resistance is at 14655-14670 levels now. Gold could be locked in a consolidation between 14500/14881 in the coming sessions.Price structures remain positive as long as 14225 support attempts to decline.S1: 14600 S2: 14495 R1: 14705 R2: 14810
MCX Silver July : Resistance will be seen at 24125/24205 levels now. An equality target for the present corrective decline lies at 22740. As long as 23940-24125 caps upside attempts we expect a decline towards 22740 in the coming sessions.S1: 23500 S2: 23120 R1: 23990 R2: 24365
MCX Crude Oil June: Near-term support is at 3200 for the uptrend to continue and rise towards 3400/3430. Stronger support is at 3120/3125 levels.Failure to hold support here could dent our bullish view. S1: 3200 S2: 3130 R1: 3280 R2: 3320
MCX Copper June: Break above resistance at 241-242 to open the way for a est of 256/257 levels in the coming sessions. Fall below 229 to dent our bullish expectations.S1: 234 S2: 230 R1: 242 R2: 247
MCX Zinc June: Rallies to 74.40/74.75 levels likely to find resistance for a move lower towards 71.50 levels .Only a rise above 75.10 to negate this bearish view.S1: 73.0 S2: 71.0 R1: 74.1 R2: 75.3
MCX Lead June : Rallies to 78.05/78.20 to find resistance for a move lower towards 76.00 levels.Only a rise above 78.60 to negate this bearish view. S1: 77.00 S2: 76.00 R1: 78.3 R2: 79.0
MCX Nickel June: Rallies to 657/ 660 likely to find resistance for a move lower towards 622/620 levels.Only a rise above 661 to negate this bearish view.S1:637 S2:625 R1: 668 R2: 690
MCX Natural Gas June : Until the support at 177 holds expect prices to move towards 195 levels. Close above 195 will confirm more bullishness .Fall below 173/174 will negate our view. S1: 177 S2: 173 R1: 188 R2: 192
TRADING STRATEGY FOR THE DAY ::
GOLD MCX AUGUST ::
Exit long positions on rise to 14713-14858 as the opportunity arises.
Re-enter long on rise and close above 14970.
Support will be at 14567-14520.
On fall and close below 14500 can take Gold towards 14375.
Traders can wait for a rise above 14858 and when it falls below 14858 then sell with high above 14858 as the stop loss.
SILVER MCX JULY ::
Traders holding long positions can maintain a stop loss of 23421.
Look for rise to 23885-24288 to take profit.
Re-enter long on rise and close above 24690.
Expect a correction on fall and close below 23420 as the trend line also will get violated.
INTERNATIONAL SPOT GOLD ::
Overall objective can be to exit long position and sell on rise to the resistance level.
Resistance will be at 963$-975$ with a stop loss of 990$.
On fall and close below 952$, expect a correction.
The trend line has been violated. A further fall and close below 952$ will bring about a correction of the rise from 864$ to 990$.
The retracement level in that case will be placed at 942$-927$-912$.
INTERNATIONAL SPOT SILVER ::
Support will be at 15.31$-15$.
Resistance will be at 15.65$-16.23$.
A sideways volatile movement is being witnessed.
If the support of 15$ is not violated then we could find price spike towards the resistance or could even test 16.40$.
ENJOY TRADING !!!!
GET DAILY SUCH COMMODITY VIEWS & TRADING STRATEGY IN YOUR EMAIL INBOX @ JUST RS. 3000 /- PER MONTH
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