MCX & COMEX EXPECTATIONS FOR 3RD JUNE 2010

MCX  &  COMEX  EXPECTATIONS  FOR  3RD  JUNE  2010 ::

MCX Gold Aug: Dips to 18535-18475 could still find support for a move higher. However a break above resistance at 18750 would be needed to see the rally extend further owards 18980.  A fall below 18445 would cause doubts about this view .

S1 18565 S2 18485 R1 18705 R2 18785

MCX Silver July: Seen moving in a wide range. Important support at 29080-28890. On the upside resistance lies at 29925.

S1 29060 S2 28880 R1 29400 R2 29580

IMPORTANT  NOTICE ::  CHANGE  IN  NAME OF  OUR  BLOG  :: 

NEW  NAME ::  http://mcxsuretip.blogspot.com

MCX Copper June: While above 312-311 levels we could expect a corrective rally towards 321-323 levels. These levels could cap the upside for a move lower again .

S1 311 S2 307 R1 318 R2 322

MCX CrudeOil June: : Important supports at 3415-3395. Only a breach of 3395 could see prices falling further towards 3350-3300. On the upside a break above 3575 would be required to see the rally extend further towards 3650 levels.

S1 3420 S2 3380 R1 3490 R2 3530

MCX Zinc June: While above 84-83.75 we could see a corrective rally towards 86.50/87 levels now. Prices could be capped here for a move lower again .

S1 83.85 S2 82.85 R1 85.65 R2 86.65

MCX Lead June: While above 79.50, could expect corrective rally toward 82.50 level where price could find resistance for move lower again.

S1 79 S2 78 R1 80.80 R2 81.80

IMPORTANT  NOTICE ::  CHANGE  IN  NAME OF  OUR  BLOG  :: 

NEW  NAME ::  http://mcxsuretip.blogspot.com

MCX Nickel June: Could rise in correction towards 960/980 levels as long as support at 920 holds the downside.

S1 930 S2 918 R1 950 R2 962

MCX Natural Gas June:  now. A break below 199 could see a move lower to supports at 195 or even 191 levels .

S1 204 S2 200 R1 210 R2 214

INTERNATIONAL  SPOT  GOLD ::

Sell on fall below 1210$ with high of the day stop loss. 

Buy above 1231$ with low of the day stop loss

INTERNATIONAL  SPOT  SILVER ::

Sell on fall below 18$ with high of the day stop loss. 

Buy above 18.7$ with low of the day stop loss.

IMPORTANT  NOTICE ::  CHANGE  IN  NAME OF  OUR  BLOG  :: 

NEW  NAME ::  http://mcxsuretip.blogspot.com

MCX GOLD TRADING STRATERGY ::

A negative divergence on MACD is being witnessed and continues to show on the daily chart even of as gold make new high.

Exit long positions or take profit on rise to 18689-18778 as the opportunity arises.

On further close above 18800 the rise can get extended towards 19024.

Lower range of 18532-18286 is likely to be tested.

Trend is up and can turn down on close below 18461.

Important higher bottom of the daily chart is at 18264. We can see volatility for immediate near term in the range of 18264 to 18778 and upside can get stretched to 19024

MCX SILVER TRADING STRATERGY ::

Exit long on rise to 29347-29612  as the opportunity arises.

Traders willing to take risk can sell on rise to 29347 or above with a stop loss of 29760.

Expect lower range of 28980-28348 to be tested.

 Enter long positions on rise and close above 29760 with low of the day stop loss

IMPORTANT  NOTICE ::  CHANGE  IN  NAME OF  OUR  BLOG  :: 

NEW  NAME ::  http://mcxsuretip.blogspot.com

LME ALLUMINUM :: 

The retracement of the rise from 1270$ to 2486$ is placed at 2024$.

The recent low registered this week was 1955$.

The earlier bottom is at placed at 1965$.

The last traded price is at 1995$.

The support of 1965$ has been respected.

Expect further fall below 1955$.

Resistance will be at 2070$-2107$. If the support is not violated in the immediate near term and manages to move higher above 2107$ then the recent low or this week’s low of 1955$ can prove to be an immediate near term bottom.

Traders holding short positions need to keep a stop loss of 2107$.

Sell further on fall below 1950$ with high of the day stop loss of 2107$.

IMPORTANT  NOTICE ::  CHANGE  IN  NAME OF  OUR  BLOG  :: 

NEW  NAME ::  http://mcxsuretip.blogspot.com

LME COPPER  ::

The recovery from the low has been significant.

The fall from the recent higher not very big and is holding on to the support trend line as shown in the chart. It has tested the earlier bottom of 6230$ by making a low of 6425$.

Support is at 6425$. Immediate resistance is at 7038$.

The 14 weeks RSI is moving down. A rise above its 50 mark can show a near term pullback if resistance also crossed simultaneously.

On fall below 6425$, we could see the 38.2% retracement of the rise from 2815$ to 8025$ to be tested which is at 6045$.

Copper is in higher top and higher bottom formation in spite of negative divergence on indicators.

Traders can trade long on rise and close above 7050$ with low of the day stop loss.

Traders who are already short can keep the same 7050$ as the stop loss.

Sell further on fall below 6400$ with high of the day stop loss.

Traders willing to take chance now can buy with a stop loss of 6400$. If the breakout is confirmed above 7050$, then a near term rise to 7223$ to 7406$ range can be tested.

At this point the peak of 8025$ is not expected to be crossed. Recovery from here on can take the price to 7223$ to 7406$.

IMPORTANT  NOTICE ::  CHANGE  IN  NAME OF  OUR  BLOG  :: 

NEW  NAME ::  http://mcxsuretip.blogspot.com

ZINC LME  ::

Hold short positions with a stop loss of 1960$.

 The last bottom of 1935$ has been violated and it trading below it.

The 50% retracement level of the rise from 1064$ to 2730$ is placed at 1899$. The low registered this week was 1774$ and last trade is at 1825$.

Traders holding short positions can keep a  stop loss of 1960$.  Arise above it can mean a respected to the 50% retracement level and a reversal as it has crossed 2 weeks high along with the entry back above its earlier bottom of 1935$. This can create a near term rally to start off.

On further fall below 1774$, ZINC on LME can move down towards 61.8% retracement level of the rise from 1064$ to 2730$ which is at 1704$.

Cluster of support is around 1704$. Therefore, on LME ZINC can hold the lower levels of 1700$.

A any recovery from here on or from lower level has to the potential to move higher for a near term trading rally at least.  A breakout and close above 1960$ will certainly confirm all the expected argument mentioned above.

A pull back to test back the violated red color trend line cannot be ruled out of 1960$ gets crossed on  closing basis

LOOK  FORWARD  TO  JOIN  OUR  PAID  SERVICE ::

1. FOR  REAL  TIME  CALLS  VIA  SMS  &  YAHOO  MESSENGER
 

2. SUBSCRIBE TO OUR NEWSLETTER  FOR  JUST  RS. 2200 /-, USD 200$  PER MONTH

3. WE PROVIDE  SPECIAL  SERVICES  FOR  COMEX

KEEP  TRACKING  TO  KEEP  UR  WEALTH  GROW  SAFELY 
 
ENJOY  TRADING  !!!!

IMPORTANT  NOTICE ::  CHANGE  IN  NAME OF  OUR  BLOG  :: 

NEW  NAME ::  http://mcxsuretip.blogspot.com