EXPECTATION FOR 9TH APRIL 2010

MCX SILVER TRADING STRATERGY ::

Hold long positions with a stop loss of 27216.  

Exit long positions on rise to 27456-27644.

Re-enter long only on rise and close above 27670.

Silver has tested the 61.8% retracement and need to move/sustain above 27670 if further rally is to be witnessed.

Purely, intra-day traders can wait for a rise above 27644 and when it falls below 27644 then sell with high above 27644 or 27670 whichever is higher to subsequently cover at 27456 or below. Failure to give a breakout and close above 27670 can result into a sideways to downside movement from here on.

As the trend is up as shown, directional traders can be on look out to buy above 27670 with low of the day stop loss.

 

MCX GOLD TRADING STRATERGY ::

 

Traders holding long positions can keep a stop loss of 16698.

Fresh trading long positions can be undertaken on rise and close above 16820 with low of the day stop loss or 16692.

 

SPOT GOLD:-

 

Hold long positions  with a stop loss of 1143$.

Traders can now book profit on rise to 1154$-1165$. Re-enter long on close above 1165$.

 

 

SPOT SILVER:-

 

Traders by chance holding long positions can keep a stop loss of 17.75$.

Traders can Exit long positions on rise to 18.16-18.43$ as the opportunity arises

 

NYMEX CRUDE ::

 

Traders can exit long positions on rise to 85.22-86.05$. Re-enter long on rise above 87.10$.

Lower range of 84.55-83.05$ will be tested before making further attempts to move higher beyond 87.10$.

 

MCX  COMMODITIES  VIEWS ::

 

MCX Gold June: Prices are highly overbought and some retracement towards 16605 followed by 16490 is expected. These supports are likely to hold for a rise towards 17085 levels. Only fall below 16285 to negate our bullish view. Direct rise above 16795 to take prices directly directly towards 17085 levels.
S1:16695 S2:16615 R1:16835 R2:16915.

 

MCX Silver May:Supports are seen at 27270 followed by 27160. Favoured view expect prices to hold this support and start moving up towards 28025 Fall below 27115 is likely to take prices towards 26890 levels. Only fall below 26435 to negate our bullish view.
S1:27280 S2:27100 R1:27620 R2:27800.

 

MCX Copper April: Resistance is seen at 352 levels followed by 354. Favored view expects this resistance to cap up moves and take prices lower towards 348/346. Break above 346 can change this bearish picture.
S1: 348 S2: 342 R1: 358 R2: 363

 

MCX Crude Oil April: Supports at 3783 followed by 3761 to hold for a rise towards 3872 levels or even higher to 3939. Fall below 3761 to negate our Fall below 3761 to negate our view and is likely to take prices towards 3708 levels.
S1:3765 S2:3725 R1:3835 R2:3875

 

MCX Zinc Apr:Until the support at 104 holds rise towards 106.50 is expected. Rise above 108.30 will be bullish indication.  Direct fall below 104 Direct fall below 104 is likely to take it towards 102.80 levels.
S1:104 S2:103 R1:106 R2:107

 

MCX Lead Apr:Until the resistance at 102.70 caps up moves price is likely to move lower towards 99.30 followed by 98.60 levels. Direct rise above 102.70 to negate our view and may take prices towards 104.20 levels.
S1:100 S2:99 R1:102 R2:103

 

MCX Nickel Apr: Until the support at 1080 holds rise towards 1109 followed by 1120 is expected. Favored view expects this resistance to cap up moves moves and prices to again start moving down from these levels. Only rise above 1145 to negate our view. Direct fall below 1180 to take to take prices towards 1170 levels.
S1:1087 S2:1075 R1:1107 R2:1119

 

MCX Natural Gas Apr:Natural gas has again found support at 172.20 levels. Break of this is likely to take prices towards 162 levels initially. Until this support hold rise towards 177 followed by 180 is expected.
S1:172 S2:168 R1:178 R2:182

 

EXPECTATION FOR 9TH APRIL 2010

MCX SILVER TRADING STRATERGY ::

Hold long positions with a stop loss of 27216.  

Exit long positions on rise to 27456-27644.

Re-enter long only on rise and close above 27670.

Silver has tested the 61.8% retracement and need to move/sustain above 27670 if further rally is to be witnessed.

Purely, intra-day traders can wait for a rise above 27644 and when it falls below 27644 then sell with high above 27644 or 27670 whichever is higher to subsequently cover at 27456 or below. Failure to give a breakout and close above 27670 can result into a sideways to downside movement from here on.

As the trend is up as shown, directional traders can be on look out to buy above 27670 with low of the day stop loss.

 

MCX GOLD TRADING STRATERGY ::

 

Traders holding long positions can keep a stop loss of 16698.

Fresh trading long positions can be undertaken on rise and close above 16820 with low of the day stop loss or 16692.

 

SPOT GOLD:-

 

Hold long positions  with a stop loss of 1143$.

Traders can now book profit on rise to 1154$-1165$. Re-enter long on close above 1165$.

 

 

SPOT SILVER:-

 

Traders by chance holding long positions can keep a stop loss of 17.75$.

Traders can Exit long positions on rise to 18.16-18.43$ as the opportunity arises

 

NYMEX CRUDE ::

 

Traders can exit long positions on rise to 85.22-86.05$. Re-enter long on rise above 87.10$.

Lower range of 84.55-83.05$ will be tested before making further attempts to move higher beyond 87.10$.

 

MCX  COMMODITIES  VIEWS ::

 

MCX Gold June: Prices are highly overbought and some retracement towards 16605 followed by 16490 is expected. These supports are likely to hold for a rise towards 17085 levels. Only fall below 16285 to negate our bullish view. Direct rise above 16795 to take prices directly directly towards 17085 levels.
S1:16695 S2:16615 R1:16835 R2:16915.

 

MCX Silver May:Supports are seen at 27270 followed by 27160. Favoured view expect prices to hold this support and start moving up towards 28025 Fall below 27115 is likely to take prices towards 26890 levels. Only fall below 26435 to negate our bullish view.
S1:27280 S2:27100 R1:27620 R2:27800.

 

MCX Copper April: Resistance is seen at 352 levels followed by 354. Favored view expects this resistance to cap up moves and take prices lower towards 348/346. Break above 346 can change this bearish picture.
S1: 348 S2: 342 R1: 358 R2: 363

 

MCX Crude Oil April: Supports at 3783 followed by 3761 to hold for a rise towards 3872 levels or even higher to 3939. Fall below 3761 to negate our Fall below 3761 to negate our view and is likely to take prices towards 3708 levels.
S1:3765 S2:3725 R1:3835 R2:3875

 

MCX Zinc Apr:Until the support at 104 holds rise towards 106.50 is expected. Rise above 108.30 will be bullish indication.  Direct fall below 104 Direct fall below 104 is likely to take it towards 102.80 levels.
S1:104 S2:103 R1:106 R2:107

 

MCX Lead Apr:Until the resistance at 102.70 caps up moves price is likely to move lower towards 99.30 followed by 98.60 levels. Direct rise above 102.70 to negate our view and may take prices towards 104.20 levels.
S1:100 S2:99 R1:102 R2:103

 

MCX Nickel Apr: Until the support at 1080 holds rise towards 1109 followed by 1120 is expected. Favored view expects this resistance to cap up moves moves and prices to again start moving down from these levels. Only rise above 1145 to negate our view. Direct fall below 1180 to take to take prices towards 1170 levels.
S1:1087 S2:1075 R1:1107 R2:1119

 

MCX Natural Gas Apr:Natural gas has again found support at 172.20 levels. Break of this is likely to take prices towards 162 levels initially. Until this support hold rise towards 177 followed by 180 is expected.
S1:172 S2:168 R1:178 R2:182

 

FW: EXPECTATION FOR 8TH APRIL 2010

Buy SILVER Fut May Range 27250-27280 SL Below 27150 Target1 27380 Target2 27450

Exch:MCX

(Please maintain Strict SL) 

 

Buy CRUDE OIL Fut April Range 3765-3770 SL Below 3735 Target1 3800 Target2 3820

Exch:MCX

(Please maintain Strict SL)

EXPECTATION FOR 8TH APRIL 2010

MCX GOLD TRADING STRATERGY:-

Traders holding long positions can keep a stop loss of 16598.

Corrective dip to 16717-16635 can be used for buying with a stop loss of 16598 to exit at 16873-17111.

A trend line breakout has been witnessed. The volumes registered in last few days and yesterday has been higher. The higher volumes below 16600 was more and yesterday the breakout with volumes suggest that if the move does not puncture then the pullback rise can test the recent high of 17151.

Important resistance will be at 16888 and 17037-17151.

 

MCX SILVER TRADING STRATERGY:-

Hold long positions with a stop loss of 27216.   

Corrective dip to 27545-27423 can be used for buying with a stop loss of 27216.

Expect higher range of 27780-28137 to be tested.

 

SPOT SILVER ::

Traders by chance holding long positions can keep a stop loss of 17.75$.

Traders can Exit long positions on rise to 18.28$-18.64$ as the opportunity arises

 

SPOT GOLD ::

 

Hold long positions with a stop loss of 1132$.

Corrective dip to 1144$-1135$ can be used for buying with a stop loss of 1132$. Expect higher range of 1056-1176$ to be tested.

 

NYMEX CRUDE ::

 

Traders can exit long positions on rise to 86.13$-86.75$. Re-enter long on rise above 87.10$.

Lower range of 85.27$-83.79$ will be tested before making further attempts to move higher beyond 87.10$.

 

NYMEX NATURAL GAS ::

Corrective dip to 3.96-3.80$ can be used for buying with a stop loss of 3.66$. Take profit at 4.07$-4.12$-4.29$ as the opportunity arises.

Add further long positions on rise and close above 4.34$.

 

  MCX Gold June: Prices are highly overbought and some retracement towards 16630 followed by 16510 is expected. These supports are likely to hold for a rise towards 17095 levels. Only fall below 16310 to negate our bullish view.

S1:16720 S2:16640 R1:16860 R2:16940

 

MCX Silver May:Support are seen at 27325 followed by 27220. Favoured view expect prices to hold this support and start moving up towards 28085 level. Only fall below 26490 to negate our bullish view.

S1:27460 S2:27280 R1:27800 R2:27980

 

MCX Copper April: As expected prices have started retracing. Initial support is seen at 350 levels. Break of which is likely to take prices towards 346 levels. Only rise above 358 to negate our view.
S1:350 S2:346 R1:357 R2:361

 

MCX Crude Oil April: Resistance at 3860 to cap up moves and take prices further down towards 3825 followed by 3775 levels. Only moves above 3900 to negate our view.

S1:3815 S2:3775 R1:3885 R2:3925

 

MCX Zinc Apr:Retracements towards 104.80 followed by 103.70 is expected. Only rise above 108.30 to negate our view.

S1:105.50 S2:104.50 R1:107 R2:108

 

MCX Lead Apr:: Until the resistance at 102.30 caps up moves price is likely to move lower towards 99.30 followed by 98.60 levels.Direct rise above 102.40 to negate our view.

S1:101 S2:100 R1:103 R2:104

 

MCX Nickel Apr Resistance is seen at 1112 followed by 1119 levels. Favored view expects this resistance to cap up moves and take prices further lower towards 1075 levels. Unexpected rise above 1128 to negate our view.

S1:1089 S2:1077 R1:1109 R2:1121

 

MCX Natural Gas Apr:  Supports are seen at 178 followed by 175 levels. Until this support holds rise towards 188 is expected.Fall below 172.20 will be bearish and again start downtrend.
S1:178 S2:174 R1:184 R2:188

 

EXPECTATION FOR 8TH APRIL 2010

MCX GOLD TRADING STRATERGY:-

Traders holding long positions can keep a stop loss of 16598.

Corrective dip to 16717-16635 can be used for buying with a stop loss of 16598 to exit at 16873-17111.

A trend line breakout has been witnessed. The volumes registered in last few days and yesterday has been higher. The higher volumes below 16600 was more and yesterday the breakout with volumes suggest that if the move does not puncture then the pullback rise can test the recent high of 17151.

Important resistance will be at 16888 and 17037-17151.

 

MCX SILVER TRADING STRATERGY:-

Hold long positions with a stop loss of 27216.   

Corrective dip to 27545-27423 can be used for buying with a stop loss of 27216.

Expect higher range of 27780-28137 to be tested.

 

SPOT SILVER ::

Traders by chance holding long positions can keep a stop loss of 17.75$.

Traders can Exit long positions on rise to 18.28$-18.64$ as the opportunity arises

 

SPOT GOLD ::

 

Hold long positions with a stop loss of 1132$.

Corrective dip to 1144$-1135$ can be used for buying with a stop loss of 1132$. Expect higher range of 1056-1176$ to be tested.

 

NYMEX CRUDE ::

 

Traders can exit long positions on rise to 86.13$-86.75$. Re-enter long on rise above 87.10$.

Lower range of 85.27$-83.79$ will be tested before making further attempts to move higher beyond 87.10$.

 

NYMEX NATURAL GAS ::

Corrective dip to 3.96-3.80$ can be used for buying with a stop loss of 3.66$. Take profit at 4.07$-4.12$-4.29$ as the opportunity arises.

Add further long positions on rise and close above 4.34$.

 

  MCX Gold June: Prices are highly overbought and some retracement towards 16630 followed by 16510 is expected. These supports are likely to hold for a rise towards 17095 levels. Only fall below 16310 to negate our bullish view.

S1:16720 S2:16640 R1:16860 R2:16940

 

MCX Silver May:Support are seen at 27325 followed by 27220. Favoured view expect prices to hold this support and start moving up towards 28085 level. Only fall below 26490 to negate our bullish view.

S1:27460 S2:27280 R1:27800 R2:27980

 

MCX Copper April: As expected prices have started retracing. Initial support is seen at 350 levels. Break of which is likely to take prices towards 346 levels. Only rise above 358 to negate our view.
S1:350 S2:346 R1:357 R2:361

 

MCX Crude Oil April: Resistance at 3860 to cap up moves and take prices further down towards 3825 followed by 3775 levels. Only moves above 3900 to negate our view.

S1:3815 S2:3775 R1:3885 R2:3925

 

MCX Zinc Apr:Retracements towards 104.80 followed by 103.70 is expected. Only rise above 108.30 to negate our view.

S1:105.50 S2:104.50 R1:107 R2:108

 

MCX Lead Apr:: Until the resistance at 102.30 caps up moves price is likely to move lower towards 99.30 followed by 98.60 levels.Direct rise above 102.40 to negate our view.

S1:101 S2:100 R1:103 R2:104

 

MCX Nickel Apr Resistance is seen at 1112 followed by 1119 levels. Favored view expects this resistance to cap up moves and take prices further lower towards 1075 levels. Unexpected rise above 1128 to negate our view.

S1:1089 S2:1077 R1:1109 R2:1121

 

MCX Natural Gas Apr:  Supports are seen at 178 followed by 175 levels. Until this support holds rise towards 188 is expected.Fall below 172.20 will be bearish and again start downtrend.
S1:178 S2:174 R1:184 R2:188

 

EXPECTATIONS FOR 07TH APRIL 2010

MCX GOLD TRADING STRATERGY;-Traders holding long positions can keep a stop loss of 16400.

Corrective dip to 16525-16455 can be used for buying with a stop loss of 16400 to exit at 16625-16795.

Sell on fall below 16400 with high of the day stop loss.

Volumes have increased as the activity level is shifting to June contract.

ADX is still below 20 indicating lack of sustained movement and momentum as this point.

 

MCX SILVER TRADING STRATERGY;-Hold long positions with a stop loss of 27216. Traders can exit long positions on rise to 27320-27409 as the opportunity arises.

Expect minor correction to sideways movement on fall and close below 27216.

The rally can continue only on rise and close above 27600.

Selling pressure could be seen if the support and the stop loss for long of 27216 is violated.

 

NYMEX CRUDE:-

Hold long position with a stop loss of 83.

Fresh trading long positions can be undertaken on rise above 87.10 with low of the day stop loss or 86 whichever is lower

 

NYMEX NATURAL GAS:-

Corrective dip to 4-3.73$ can be used for buying with a stop loss of 3.66$.

Add further long positions on rise and close above 4.34$.

 

SPOT GOLD:-Hold long positions with a stop loss of 1118$.

Traders can book profits on long positions on rise towards 1142-1149$

 

SPOT SILVER:-.

Traders by chance holding long positions can keep a stop loss of 17.75$.

Traders can Exit long positions on rise to 17.93-18.03$ as the opportunity arises.

Fresh long positions can be undertaken on rise and close above 18.15$

 

USD/INR: 44.50. With a retest of yesterday’s low of 44.25 conditions are now set for a formation of a tweezer bottom, but one which is un likely to hold forte for long. Resistance remains at 44.58, which stood formidable during yesterday’s reaction rallies. Supports are seen at 44.1and then 43.4

 

MCX Gold June: Supports are at 16425 levels followed by 16310. Favored view expects prices to find support at these levels and then start moving up towards 16715 levels. Fall below 16120 to negate our view.
S1:16485 S2:16405 R1:16625 R2:16705

 

MCX Silver May: Resistance is seen at 27610 levels. Until these levels caps up moves retracement towards 26925 levels is expected.Favored view expect prices to hold this support and start moving up towards 28145 levels. Only fall below 26545 to negate our bullish view.
S1:27110 S2:26930 R1:27450 R2:27630

 

MCX Crude Oil Apr:Support are at 3810 followed by 3775. Favored view expect price to find support at these levels and move higher towards 3955 levelsOnly fall below 3718 to negate our bullish view.
S1:3810 S2:3770 R1:3880 R2:3920

 

MCX Copper April: Retracements is expected in copper. 353 is likely to give strong support. Break of which may take prices towards 348/349 levels.Until this support holds rise towards 363 levels is expected.
S1:351 S2:347 R1:358 R2:362

 

MCX Zinc Apr: Retracement towards 104.80 is expected. Direct rise above 108.30 to negate our view and is likely to take prices towards 109.50 levels.
S1:106 S2:105 R1:108 R2:109

 

MCX Lead Apr:As expected target of 102 almost achieved. Prices are highly overbought so retracement towards 100.10 followed by 99.20 may be expected.Favored view expect these support to hold for rise toward 103.90 level. Direct rise above 102.10 to take prices directly to 103.90 levels
S1:100 S2:99 R1:102 R2:103

 

MCX Nickel Apr: Resistance is seen at 1103 followed by 1112 levels. Favored view expects this resistance to cap up moves and take prices further lower towards 1075 levels. Unexpected rise above 1128 to negate our view.
S1:1085 S2:1075 R1:1105 R2:1115

 

 

MCX Natural Gas Apr:  As expected prices faced resistance at 193 levels. Supports are seen at 178 followed by 175 levels. Until this support holds  rise towards 188 is expected. Fall below 172.20 will be bearish and again start downtrend.
S1:180 S2:176 R1:186 R2:190

 

 

Manish Parmar

Cell :+91-9820555212

 

FW: EXPECTAION FOR 6TH APRIL 2010

USD / INR ::

 

Sell USD on rise to 44.5-44.64 with a stop loss of 44.80.

Expect lower range of 44.21-43.78 to be tested.

Expect support around 44-43.61 to be tested.

 

MCX SILVER TRADING STRATERGY ::

 

Hold long positions with a stop loss of 27216. Traders can Book profits in long position on rise to 27564-27877 as the opportunity arises.

Expect minor correction to sideways movement on fall and close below 27216.

The rally can continue only on rise and close above 27600.

Selling pressure could be seen if the support and the stop loss for long of 27216 is violated.

 

MCX GOLD TRADING STRATERGY ::

 

Exit long positions on rise to 16502-16568-16600 as the opportunity arises.

Traders holding long positions can keep a stop loss of 16400.

Fresh long positions can be undertaken on rise and close above 16600

 

 

SPOT SILVER ::

 

Traders by chance holding long positions can keep a stop loss of 17.75$.

Expect higher range of 18.2$-18.6$ to be tested.

 

SPOT GOLD ::

 

Hold long positions if any on dip to 1127$-1121$ with a stop loss of 1111$.

Expect higher range of 1136$-1151$ to be tested.

 

ZINC LME ::

 

Corrective dip to 2342$-2254$ can be used for buying with a stop loss of 2188$.

Expect higher range of 2484$-2572$ to be tested

 

TIN LME ::

 

Corrective dip to 17972-17203 can be used for buying with a stop loss of 16650$. Expect higher range of 19292$-20062$ to be tested.

NICKLE LME ::

The expected level of 25150$ has been attained.

The 14 week RSI is now in overbought zone. Till RSI remains in overbought zone, momentum on the upside can continue.

Corrective dip to 24453$-23247$ can be used for buying with a stop loss of 22600$.

Expect a rise towards 26307$-27513$ which can be used to take profits on long positions

 

 

COPPER LME ::

 

A breakout and close above 7800$ was witnessed last week. Copper on LME closed at 7865$ last week.

Corrective dip during the week to 7632$-7332$ can be used for buying with a stop loss of 7100$.

On further rise and close above 7965$, expect a rise towards 8164$-8464$.

 

MCX  COMMODITY  VIEWS ::

 

MCX Gold April: Supports are at 16270/16285 levels followed by 16170/16185. Favored view expects prices to find support at these levels and then start moving up. Rise above 16510 to take price toward 16635 level. Fall below 16065 to negate our view.

S1:16430 S2:16350 R1:16570 R2:16650.

 

MCX Silver May: Supports are seen at 27085 levels followed by 26795. Favored view expect prices to hold this support and start moving up towards 28010 levels. Only fall below 26420 to negate our bullish view.
S1:27245 S2:27067 R1:27590 R2:27770.

 

MCX Crude Oil April:Initial resistance is seen at 3855 level. Once above 3855 prices are likely to move towards 3957 levels. Supports are seen at 3785

S1:3810 S2:3770 R1:3890 R2:3920

 

MCX Copper April: Retracements is expected in copper. 352 is likely to give strong support. Break of which may take prices towards 347/348 levels. Until this support holds rise towards 362 levels is expected.
S1:351.80 S2:347.80 R1:358.80 R2:362.80

 

MCX Zinc Apr: Until the resistance at 108.30 caps up moves retracements towards 106.10 followed by 104.80 is expected. Direct rise above 108.30 to negate our view and is likely to take prices towards 109.50 levels.
S1:106 S2:105 R1:108 R2:109.

 

MCX Lead April: Supports are seen at 98.40 followed by 97.70.Favored view expects prices to hold this support and move up from these levels towards 102 levels Fall below 96.5 to negate our view.
S1:98.50 S2:97.50 R1:100 R2:101

 

MCX Nickel April:Until the resistance at 1150 caps up moves retracements towards 1118 followed by 1105 is expected. Direct rise above 1150 to negate our bearish view and is likely to take prices towards 1180 followed by 1210 levels.
S1:1119 S2:1108 R1:1139 R2:1151.

 

MCX Natural Gas Apr:  Prices are just below strong resistance of 192/193 levels. Until this resistance caps up moves prices are likely to retrace towards 187 levels. Direct rise above 193 to take prices towards 198 levels followed by 204. 
S1:188 S2:184 R1:194 R2:198

 

ENJOY  TRADING  !!!!

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