Thursday, March 25, 2010

MCX & COMEX EXPECTATIONS FOR 25TH MARCH 2010

EXPECTATIONS  FOR  25TH  MARCH  2010 ::

MCX GOLD TRADING STRATERGY ::

Hold short positions with a stop loss of 16462.
Sell on rise to 16338-16402 with a stop loss of 16462.
Expect lower range of 16216-16030 to be tested.
The RSI is moving down along with the price therefore near term slide towards lower range is likely. RSI is likely to move below 30 mark

SILVER MCX TRADING STATERGY ::

Sell on rise to 26332-26471 with a stop loss of 26602.
Expect lower range of 26085-25699 to be tested.
On close below 25890 the slide can get accelerated subsequently.

SPOT SILVER ::

Sell on rise to 16.69$-16.86$ with a stop loss of 17$.
Expect lower range of 16.38$-15.91$ to be tested

SPOT GOLD ::

Sell on rise to 1092-1100$ with a stop loss of 1109$.
Expect lower range of 1080$-1060$.
A trend line breakdown has been witnessed of short term and long term also.
A follow up fall now get shown a downside momentum on Gold

NYMEX NATURAL GAS ::

Hold short positions with a stop loss of 4.18$.
Cover short positions on dip to 4.10$-4.06$ as the opportunity arises.
Buy on rise above 4.18$ with low of the day stop loss or 4$ whichever is lower.
Sell below 3.99$ with high of the day stop loss

NYMEX CRUDE ::

Sell on rise to 80.7-81.5 with a stop loss of 82.20$.
Expect lower range of 79.8-78$ to be tested.
On fall and close below 78$ expect a slide.
Broadly a sideways movement between 84$-78$ is likely

MCX  VIEWS ::

MCX Gold April: An Initial target at 16275 has been met. A pullback to 16395/16425 looks likely now. Can extend towards 16470 levels too.Ideally, this resistance to cap for a decline towards 16110 or even lower
S1: 16225 S2: 16145 R1: 16365 R2: 16445

MCX Silver May: Pullback to 26420 followed by 26720 levels look likely. While below 26910 we expect declines to 25645/25725 from where a good recovery might take place .
S1: 26060 S2: 25880 R1: 26400 R2: 26580

MCX Copper April: 333 still remains a crucial support. While this level holds, we still expect prices to reach our upside targets at 352-354 levels.Daily close below 332 will force us to abandon our bullish expectations. Such a fall could 330 followed by 317.
S1: 333 S2: 329 R1: 340 R2:344

MCX Crude Oil April: Resistances are at 3703 followed by 3724 levels now. Resistances to cap for a decline to 3621 followed by 3559. Unexpected rise above 3747 could cause doubts on our bearish view.
S1: 3655 S2 3615 R1: 3725 R2: 3765

MCX Lead Mar:  Rallies to 93.50/94.25 to be sold s/l 95.75 target 90.25.
S1: 91 S2: 90 R1: 93 R2: 94

MCX Nickel Mar: Initial support is at 1003/1005 followed by 995/997 now. While above these levels, prices could still consolidate and rise higher 1045. Direct fall below 993 to open the downside for 950 levels.
S1: 1004 S2: 992 R1: 1024 R2: 1036

MCX Zinc Mar: Pullback to 101.35/101.85 looks likely. Big picture structures are quite bearish for 97.50 or even lower. Ideally, resistance in the 102 zone could prove another opportunity to sell with s/l at 103.50.
S1: 99 S2: 98 R1:101 R2: 102

MCX Natural Gas Mar: While below 191, look for a further dip towards 181 or even lower.
S1: 185 S2: 181 R1: 191 R2:195

ENJOY  TRADING  !!!!

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