EXPECTATIONS FOR THE WEEK STARTING FROM 08.03.2010

EXPECTATIONS  FOR  THE  WEEK  STARTING  FROM  08.03.2010 ::

SPOT GOLD:-Sell on fall below 1125$ with high of the day stop loss.

Buy above 1146$ with low of the day stop loss.

 

 

SPOT SILVER;-Traders who are holding long positions can keep a stop loss of 17$.

Fresh long can be undertaken on rise above 17.50$ with low of the day stop loss.

Sell on fall below 17$ with high of the day stop loss.

Traders if holding short position can keep 17.50$ as the stop loss.

 

 

 

NYMEX CRUDE:-Traders can hold long positions with a stop loss of 79.40$.

Fresh trading long positions can be taken above 82.1$ with low of the day stop loss.

 

 

NYMEX NATURAL GAS;-A retracement of the rise from 2.40$ to 6.10$ has been witnessed from  April 09 to Jan 2010.

The retracement level are placed at  4.26$-3.80$.

Recovery and bounce can come from either of the level  4.26%-3.80$.

Traders short can keep a stop loss of 4.80$.

Sell further on fall below 4.54$ with high of the day stop loss

 

 

 

MCX GOLD TRADING STRATERGY:-

Traders by chance holding long position can keep  a stop loss of 16810.

Expect higher range of 16981-17062 to be tested.

Buy on rise and close above 17100 with low of the day stop loss.

Sell on fall below 16767 with high of the day stop loss.

 

 

MCX SILVER TRADING STRATERGY'-

Traders holding long positions can keep a stop loss of 26590 to continue long.

Use rise to 27250-2745 to exit long and take profit on earlier long positions or try to move with stop loss.

Fresh trading Buy can be undertaken on rise above 27211 with low of the day stop loss.

Sell on fall below 26590 with high of the day stop loss

 

 

ALERT:- THIS WHOLE WEEK MCX MKT WILL BE SUBDED BY INR GAME WE MAY NOT GET CLEAR DIRECTION OR MAY DISTURB COMPLETE ANAYSIS DUE TO FLUCTUATIONS IN INR

 

 

 

Currency Signals

EUR/USD: 1.3681. Edge towards 1.378 and then rally

towards 1.397

USD/INR: 45.49. Likely to fall, but not before the initial

favoured rise towards 45.7-45.9

 

 

 

MCX Gold April: Supports are near 16775/16790 and maximum 16700. The view is bullish for a rise towards 17250/17310. Price needs to fall below 16670 to give up the bullish view. Below this next level appear near 16550. Favored view expects a rise.

S1:16835 S2:16755 R1:16975 R2:17055

 

 

MCX Silver May: Supports near 26550 could hold it from slipping lower to 26165 and rising towards 27640/27720 levels. We expect the rally to the end near 27565 and start drifting towards 26165/25850.
S1:26865 S2:26685 R1:27205 R2:27385

 

MCX Copper April: Supports at 340/341 to hold for a test of 353 levels or even higher. While above 335 price could even aim for 360/362. 

S1:341 S2:337 R1:348 R2:352

 

 

MCX Crude Oil Mar: Supports near 3680 or 3655 could hold corrective dips if any for next rise towards 3800 or 3830. It has to fall below 3605 to cause doubts about this bullish view.
S1:3690 S2 3650 R1:3760 R2:3800

 

 

MCX Zinc Mar: Supports are at 105 followed by 104 now. Ideally, supports to hold for a rise towards 109.65 now.
S1:106 S2:105 R1:108 R2:109.

 

 

MCX Lead Mar: Still in a volatile range of 98-103. Only a rise above 103.75 to reinforce bullish hopes for 108.
S1:101 S2:100 R1:103 R2:104

 

 

MCX Nickel Mar: Presently, 1009/1010 holding well. Ideally consolidation and a break above 1045/1050 to take prices towards 1085/1090.

S1:1010 S2:1000 R1:1030 R2:1045.

 

 

MCX Natural Gas Mar: Resistances at 211/212 to cap for a fall towards 205. Direct rise above 215 to result in a retracement towards  227/228 levels.

S1:208 S2:204 R1:214 R2:218

 

ENJOY  TRADING !!!!!!!

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