MCX & COMEX EXPECTATIONS FOR 15TH JUNE 2010

MCX  &  COMEX  EXPECTATIONS  FOR  15TH  JUNE  2010  ::

MCX GOLD TRADING STRATEGY  ::   Sell on rise to 18591-18722 with a stop loss of 18844. Sell further on fall below 18460 with high of the day stop loss. Lower range of 18432-18142 can be tested.   SILVER MCX TRADING STRATEGY ::   Sell on rise to 29200-29313 with a stop loss of 29570. Sell on fall below 28753 with high of the day stop loss. Buy on rise and close above 29570 with low of the day stop loss.   SPOT GOLD :: A breakout and close above 1253$ can bring about a big rally further. Upside can be capped to 1231$-1249$. Sell on rise to 1231$ with a stop loss of 1235$. Sell further on fall below 1215$.   NYMEX CRUDE :: Hold short positions  with a  stop loss of 76.30. Sell on fall below 73.20$ with high of the day stop loss. On rise above 76.30$, expect further up move towards 78$   SPOT SILVER :: A breakout and close above 18.7$ can bring about a rally subsequently. Sell further on fall below 17.8$ with high of the day stop loss. Sell on rise to 18.29$-18.42$ with a stop loss of 18.7$.

MCX  EXPECTATIONS ::

MCX Gold Aug: As expected resistance is being noticed in 18720-18795 zone. While this zone caps, can look for decline toward 18415 or even lower to 18265
S1 18490 S2 18410 R1 18630 R2 18710

 

MCX Silver July:Support at 28760/28790 followed by critical support at 28570. Fall below 28555 could damage bullish picture.
S1 28955 S2 28775 R1 29295 R2 29475

 

MCX Copper June: Expected resistance seen near trend line resistance at 311-312. Corrective dip to 300 or even lower to 295 look likely while 310 cap.
S1 304 S2 300 R1 311 R2 315

 

MCX CrudeOil June: The range between 3435-3515 now with a mild bullish bias. Break above could test 3575 on the upside.Unexpected break below 3400 to dent our bullish expectations.
S1 3450 S2 3410 R1 3520 R2 3560

 

MCX Zinc June: As expected saw test 83.00 level. Dip to 81.50 to find support again for 83.50-84.00 level again. Only fall below 80.70 to dent bullish view.
S1 82 S2 81 R1 83.70 R2 84.70

 

MCX Lead June: Moved above 79 against our expectation. Further move to 80.75-81 look likely while above 78.00.Subsequently sharp fall toward 76 can be anticipated.
S1 78.45 S2 77.45 R1 80.25 R2 81.25

 

MCX Nickel June: As expected saw test of 940 level. While 948-955 cap look for fall toward 910 level now.
S1 928 S2 916 R1 948 R2 960

 

MCX NG June: Support at 227-228 to hold for rally toward 236 followed by 241 level now.
S1 228 S2 224 R1 236 R2 238

 

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