BASE METAL
Base Metal Ready For Blood Bath
COPPER, ZINC, LEAD, ALUMINIUM
ONLY WAIT
7 Trading Session
NEAL BHAI 9899900589
Sunday, December 16, 2012
Saturday, December 8, 2012
GOLD UPDATES 08.07.2012
IF GOLD NOT
BREAK
GOLD BUY ON DIP
GOLD (FEB)
30700
THEN GOLD
32500-33000-33500-34050
Saturday, December 1, 2012
Friday, November 30, 2012
GOLD CALL 30.11.2012
IF GOLD NOT BREAK
GOLD 30700
THEN GOLD 32500-33000-33500-34050
(NEAL BHAI 9999974733)
Wednesday, November 28, 2012
GOLD NEWS UPDATES 28.11.2012
GOLD NEWS UPDATES 28.11.2012:- SINGAPORE: Gold edged lower on Wednesday, extending its losses to a third day, as the euphoria over a Greek debt deal fizzled and investors shifted their focus to U.S. negotiations to avert a looming fiscal disaster in the world's largest economy.
But gold's appeal as a refuge from uncertain economic conditions remained intact as indicated by the holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, which rose to a record high.
U.S. lawmakers resumed talks on how to avoid $600 billion worth of tax hikes and spending cuts that are due to kick off in early 2013, but progress has been slow.
The threat of the U.S. economy slipping off the fiscal cliff may keep gold prices supported, but the strength in the dollar - a more popular safe haven - is likely to put a cap on gains.
The dollar index rebounded from a 3-1/2-week low hit in the previous session, supported by worries about a lingering euro zone debt crisis and decent economic data from the United States.
"We may see gold consolidate or correct a bit in the short term as the market lacks incentives after the Greek deal, while the dollar appears supported," said Li Ning, an analyst at Shanghai CIFCO Futures.
There is not much room on the downside, and prices are firmly supported by the 20-day moving average at about $1,724 an ounce, she added.
Reuters market analyst Wang Tao expected spot gold to retrace to $1,722 during the day, as it may have peaked on its rebound from the Nov. 5 low of $1,672.24.
Spot gold inched down 0.3 percent to $1,737.14 an ounce by 0626 GMT.
U.S. gold also lost 0.3 percent, to $1,737.60.
SPDR HOLDINGS HIT RECORD HIGH; ISHARES SILVER TRUST STAGNANT
Holdings of SPDR Gold Trust rose to a record high of 1,345.813 tonnes on Nov. 27, while iShares Silver Trust, the world's largest silver ETF, saw its holdings remain near a two-month low of 9,818.07 tonnes.
In contrast to the stagnant holdings in the silver ETF, spot silver rose to $34.26 an ounce on Tuesday, its loftiest level since mid-October, before easing to $33.82 but still leading the year-to-date performance in the precious metals complex with a 22-percent rise.
Silver is notorious for its volatility. The metal burned the fingers of many investors last year during its surge to a historical high and a subsequent tumble that saw prices fall more than a third within 10 trading days.
"I'm less sanguine about silver, as lots of mine supply is coming on line and silver doesn't have the same safe-haven status as gold," said a Sydney-based trader. (NEAL BHAI 9999974733)
Monday, November 26, 2012
WATCH SILVER BLAST UPDATES 26.11.2012
WATCH MY SILVER REPORT DATED 25.11.2012
MCX SILVER :- HIT 1ST TARGET ALMOST
HIGH 64142.00 MY TARGET IS 64180.00
SILVER BOLE BOOM BOOM BOOM
WATCH SILVER BLAST
I WANT SILVER 65080 TILL DATED 05 DEC 2012
GOLD NEWS UPDATES 26.11.2012
GOLD NEWS UPDATES 26.11.2012:- Gold prices are expected to
remain firm in the weeks ahead and stay in the Rs 33,500-35 ,000 range by the
end of the year, analysts said. The yellow metal, which remained near an all
time record high of Rs 32,850 in the capital on Saturday, is expected to surge
further, they said.
On Saturday, the precious metal gained Rs 290 in the capital to touch Rs 32,850. In Mumbai , gold closed at Rs 32,340. Silver also increased by Rs 770 a kg to close at Rs 63,960. In the international market, the yellow metal increased by 1.34% to touch $1,751.4 an ounce. Analysts say while prices in the international markets moderated compared to last year, domestic prices have continued to increase due to the depreciating Indian currency. On Friday, the rupee stood at 55.52 to a dollar. Experts say the rupee's slide has led to an over 15% increase in the domestic price of gold in the past one year.
"What we are seeing is a consolidation in the price of gold. There is a positive momentum after the US Federal Reserve decided to trigger the third quantitative easing for economic recovery. In a couple of weeks, prices should touch Rs 33,500," said Gnanasekhar Thiagarajan, director, Commtrendz Research, an advisory firm.
The increase in price in the last few months has also been fuelled by the demand for the yellow metal from central banks across the globe as they diversified their assets. In addition, the uncertainty in the Eurozone and West Asia added to the momentum, as did rising demand from people opting for a "safe haven" investment in the form of the yellow metal.
"One of the main reasons for the rise in prices is the rupee depreciation. The trend is likely to continue in the near term," said Jayant Manglik, president (retail distribution), Religare Securities. Analysts, however, say the firming up of prices cannot be termed as a comeback for the yellow metal. Even as prices are expected to continue to increase in the short term, experts say the rate of increase will be slower.
"Rate of increase in price of gold is expected to come down to 10-12 % in the next one year as against the 15% we saw last year. The increase is primarily rupee driven," said Bhargava Vaidya, proprietor at Mumbaibased B N Vaidya & Associates, referring to the price outlook in the domestic market.
Even as gold prices internationally have declined from around $1,921 an ounce last October-November to $1,751.4 an ounce currently, it is the depreciation in the Indian currency that has led to a significant increase in domestic prices. With the growth expectations of the economy still subdued, experts say that the Indian currency may not appreciate considerably anytime soon.
After the marriage season concludes, experts say demand for gold jewellery is likely to witness a dip. "People are losing faith in the currency, so they are opting for gold now. But there is also a liquidity crunch in every sector today. We expect the demand to remain very poor," Bombay Bullion Association president Prithviraj Kothari said. Gold prices may even touch Rs 35,000 by year end, he added.
'Demat gold to arrest rising demand'
PUNE: RBI deputy governor Subir Gokarn on Sunday said there is a need to "dematerialize" gold like any other financial product to reduce its physical imports, the rise of which has been blamed for the high current account deficit that is feared to touch a new record high this year. "It (high gold imports) is creating some macroeconomic stresses, and so the challenge is to find ways to replicate the financial characteristics of gold without necessarily causing physically importing," Gokarn said on the last day of the two-day annual Bancon here. The current account deficit or CAD has been rising on the back of record trade deficits, which in October jumped to a 12-year high of $21 billion on the back of rising oil and gold imports. AGENCIES
On Saturday, the precious metal gained Rs 290 in the capital to touch Rs 32,850. In Mumbai , gold closed at Rs 32,340. Silver also increased by Rs 770 a kg to close at Rs 63,960. In the international market, the yellow metal increased by 1.34% to touch $1,751.4 an ounce. Analysts say while prices in the international markets moderated compared to last year, domestic prices have continued to increase due to the depreciating Indian currency. On Friday, the rupee stood at 55.52 to a dollar. Experts say the rupee's slide has led to an over 15% increase in the domestic price of gold in the past one year.
"What we are seeing is a consolidation in the price of gold. There is a positive momentum after the US Federal Reserve decided to trigger the third quantitative easing for economic recovery. In a couple of weeks, prices should touch Rs 33,500," said Gnanasekhar Thiagarajan, director, Commtrendz Research, an advisory firm.
The increase in price in the last few months has also been fuelled by the demand for the yellow metal from central banks across the globe as they diversified their assets. In addition, the uncertainty in the Eurozone and West Asia added to the momentum, as did rising demand from people opting for a "safe haven" investment in the form of the yellow metal.
"One of the main reasons for the rise in prices is the rupee depreciation. The trend is likely to continue in the near term," said Jayant Manglik, president (retail distribution), Religare Securities. Analysts, however, say the firming up of prices cannot be termed as a comeback for the yellow metal. Even as prices are expected to continue to increase in the short term, experts say the rate of increase will be slower.
"Rate of increase in price of gold is expected to come down to 10-12 % in the next one year as against the 15% we saw last year. The increase is primarily rupee driven," said Bhargava Vaidya, proprietor at Mumbaibased B N Vaidya & Associates, referring to the price outlook in the domestic market.
Even as gold prices internationally have declined from around $1,921 an ounce last October-November to $1,751.4 an ounce currently, it is the depreciation in the Indian currency that has led to a significant increase in domestic prices. With the growth expectations of the economy still subdued, experts say that the Indian currency may not appreciate considerably anytime soon.
After the marriage season concludes, experts say demand for gold jewellery is likely to witness a dip. "People are losing faith in the currency, so they are opting for gold now. But there is also a liquidity crunch in every sector today. We expect the demand to remain very poor," Bombay Bullion Association president Prithviraj Kothari said. Gold prices may even touch Rs 35,000 by year end, he added.
'Demat gold to arrest rising demand'
PUNE: RBI deputy governor Subir Gokarn on Sunday said there is a need to "dematerialize" gold like any other financial product to reduce its physical imports, the rise of which has been blamed for the high current account deficit that is feared to touch a new record high this year. "It (high gold imports) is creating some macroeconomic stresses, and so the challenge is to find ways to replicate the financial characteristics of gold without necessarily causing physically importing," Gokarn said on the last day of the two-day annual Bancon here. The current account deficit or CAD has been rising on the back of record trade deficits, which in October jumped to a 12-year high of $21 billion on the back of rising oil and gold imports. AGENCIES
Sunday, November 25, 2012
SILVER UPDATES 25.11.2012
MCX SILVER :- ABOVE 61550
SILVER EXPECTED RANGE -64180-65080
TILL DATED 05 DEC 2012
NEAL BHAI 9999974733
MCX GOLD REPORT 25.11.2012
MCX GOLD:- IF NOT BREAK 31550 LEVEL
GOLD EXPECTED RANGE 31750-32750
NEAL BHAI 9999974733
Friday, November 23, 2012
SILVER UPDATE 23.11.2012
Comex Silver :Three Consecutive Close above 33.318 +Weekly Close will take to 34.35-34.65 level !!
MCX SILVER :Three Consecutive close above 62082 level +Weekly Close will take to 63645—64263 level !!
I WANT SILVER 64000-65000 TILL 5 DEC
BOOM BOOM BOOM BOOM BOOM BOOM
NEAL BHAI 9999974733
NATURAL GASS CALL
NATURAL GAS - Above 200 level ,
Our Target intact Rs.223———————231
Level in Coming Days !!
190 is ROCK Support
NEAL BHAI 9999974733
Thursday, November 22, 2012
CRUDE CALL UPDATE 22.11.2012
Below 4828 ……………………………………????
Slide upto 4765————4740 on card ??
NEAL BHAI 9999974733
NEAL BHAI 9999974733
SILVER CALL UPDATES 22.11.2012
Comex Silver :Three Consecutive Close above 33.318 +Weekly Close will take to 34.35-34.65 level !!
MCX SILVER :Three Consecutive close above 62082 level +Weekly Close will take to 63645—64263 level !!
NEAL BHAI 9999974733
Wednesday, November 21, 2012
Five Market Scenarios
- Bad Markets – A good pattern won’t bail you out of a bad market, so move to the sidelines when conflict and indecision take hold of the tape. Your long-term survival depends on effective trade management. The bottom line: don’t trade when you can’t measure your risk, and stand aside when you can’t find your edge.
- Bad Timing – It’s easy to be right but still lose money. Financial instruments are forced to negotiate a minefield of conflicting trends, each dependent on different time frames. Your positions need to align with the majority of these cycles in order to capture the profits visualized in your trade analysis.
- Bad Trades – There are a lot of stinkers out there, vying for your attention, so look for perfect convergence before risking capital on a questionable play, and then get out at the first sign of danger. It’s easy to go brain dead and step into a weak-handed position that makes absolutely no sense, whether it moves in your favor or not. The bottom line: it’s never too late to get out of a stupid trade.
- Bad Stops – Poor stops will shake you out of good positions. Stops do their best work when placed outside the market noise, while keeping risk to a minimum. Many traders believe professionals hit their stops because they have inside knowledge, but the truth is less mysterious. Most of us stick them in the same old places.
- Bad Action – Modern markets try to burn everyone before they launch definable trends. These shakeouts occur because most traders play popular strategies that have been deconstructed by market professionals. In a sense, the buy and sell signals found in TA books are turned against the naïve folks using them.
Tuesday, November 20, 2012
GOLD UPDATES 21.11.2012
Just Watch level $ 1734—————-1742
Yes Above 1742 Market Rocket,,, Market Boom Boom. Crossover and close above this level for 2 Consecutive days will take to 1768-1775-1800 level.
Will Update More to our Subscribers ,Yes already updated about MCX Gold to Susbcribers
NEAL BHAI:- 9999974733
Saturday, November 17, 2012
GOLD 19.11.2012 TO 23.11.2012
Gold December as seen in the weekly chart above has opened at 31,652 levels initially moved sharply higher, but found very good resistance at 31,937 levels. Later prices fell sharply towards 31,297 levels and finally closed unchanged from the previous weeks closing levels.
For the next week we expect gold prices to find Support at 31,320 – 31,290 levels and further below strong support is seen at 30985-30955 levels. Trading consistently below 30,940 levels would trigger sharp correction initially towards 30,827 then 30,656 and then finally towards the major support at 30,428 levels.
Resistance is observed in the range of 31,880-31,930 levels. Trading consistently above 31950 levels would renew the previous week’s rally initially towards 32,095 levels, then 32,265 and then finally towards the Major resistance at 32,526 levels. (NEAL BHAI)
SILVER 19.11.2012 TO 23.11.2012
MCX Silver December as seen in the weekly chart above has opened at 60,900 levels initially moved sharply higher, but found resistance at 61,585 levels. Later prices fell sharply towards 60,335 levels, and finally closed marginally lower from the previous weeks closing levels.
For the next week we expect Silver prices to find support in the range of 60,300-60,250 levels. Trading consistently below 60,230 levels would trigger sharp correction initially towards the strong support at 59,700 levels and then finally towards the major support at 58,271 levels.
Resistance is now observed in the range of 61,240-61,300 levels. Trading consistently above 61,320 levels would renew the previous week’s rally initially towards 61,650 levels, then 61,960 levels and then finally towards the major Resistance at 62,190 levels. (NEAL BHAI 9999974733)
COPPER 19.11.2012 TO 23.11.2012
MCX Copper November as seen in the weekly chart above has opened at 416 levels initially made a low of 415.40 and then moved sharply higher towards 423.50 levels and finally closed sharply higher from the previous weeks closing levels.
For the next week we expect Copper prices to find support in the range of 420-419 levels and then strong support is seen at 417-415 levels. Trading consistently below 415 levels would trigger sharp correction initially towards the strong support at 412.35, and then finally towards the major support at 405.70 levels.
Resistance is now observed in the range of 425-426 levels. Trading consistently above 427 levels would lead towards the strong resistance at 432 levels and then finally towards the major resistance at 435 levels. Multiple closing above 435 levels would open the door for a new leg up initially towards 442 levels, then 445 and then finally towards 449. (NEAL BHAI 9999974733)
CRUDE OIL 19.11.2012 TO 23.11.2012
MCX Crude December as seen in the weekly chart above has opened at 4767 levels initially moved lower, but found good support at 4715 levels. Later prices rallied sharply towards 4854 and finally closed sharply higher from the previous weeks closing levels.
For the next week we expect Crude prices to find support at 4805-4790 levels and then strong support is seen at 4755-4735 levels. Trading consistently below 4730 levels would trigger correction initially towards 4678 then 4632 and then finally towards the major support at 4570 levels.
Resistance is now observed in the range of 4895-4915 levels. Trading consistently above 4925 levels would lead towards the strong resistance at 4950 levels, then 4984 and then finally towards the Major resistance at 5042 levels. (NEAL BHAI 9999974733)
Friday, November 16, 2012
SILVER CALL 16.11.2012 NEAL BHAI 9999974733
SILVER BUY BUY BUY EVERY DIP TARGET 61500-62000-63000-63500-64000-64500-65000-65500 TILL DATED 5 DEC 2012 (NEAL BHAI)
GOLD CALL 16.11.2012 NEAL BHAI 9999974733
GOLD BUY BUY BUY EVERY DIP TARGET 31750-31950-32050-32250-32550 TILL DATED 5 DEC 2012 (NEAL BHAI)
Thursday, November 15, 2012
GOLD UPDATES (NEAL BHAI)
BUY MCX GOLD Dec between 31350, SL - 30900, Target - 31550-31750-31950-32050-32250-32550-32750 TILL 05.DEC (NEAL BHAI)
SILVER 15.11.2012
BUY MCX SILVER Dec between 60750, SL - 59800, Target - 61900 / 62000 / 63000/ 64000/ 65000/ 68000/ 70000 TILL 05.DEC (NEAL BHAI)
Tuesday, September 4, 2012
GOLD MONTHLY FUNDAMENTAL ANALYSIS
GOLD (Market Outlook and Fundamental Analysis :-Gold prices remained very much volatile on MCX in the starting of the month of Aug as 1st Aug to 5th of Aug was an expiry period for the gold prices but after that the momentum what was in the 2nd half of the last month July, started showing
its strength and the week closing on 11th Aug. gold price were Rs 30032/10gm around 1 percent above from closing of Rs. 29749/10gm month ended 31st July.
On the other side during the same period gold prices on
COMEX also rose and on 10th of Aug. closed $1622.8/oz. Net
increase of $8.2/oz compare to the month ended 31st July
closing $1614.6/oz. The factors that were supported this up
move were the followingcontinue
weak U.S. economic data release from last
two week were making fall in Dollar and investors
were choosing gold as an alternate of dollar, the time
when gold were very attractive.
Concern over U.S. economy were also increasing the
possibility of Quantitative Easing 3 from Fed in near
future that keep on supporting gold prices during this
period.
During the second week that started from 13th of Aug gold
market remain very volatile, and at the end of the week price
on MCX were little change with positive 132 and closing at
Rs. 30164 and on COMEX price were also little change with
negative $3.4 and closing at $1619.40.The reasons behind the
volatility were-
Gold prices had stuck in the range of $1600-$1626
over the hope of monetary stimulus from U.S. Fed
while U.S. economic data was very mix to judge the
U.S. economy.
During the period there was news that ECB will start
buying sovereign bonds to lower borrowing costs in
debt-stricken countries such as Spain and Italy. The
process would support Euro as well as gold prices.
Third week of the month Aug. that started from 20th and close
on 25th created history on MCX, gold price entered their life
time high that was Rs. 30955 and closed at 30947. The upside
movement that started in gold prices didn’t stop till the end of
the month and on 31st of Aug prices were hovering at their life
time high Rs. 31231 and settled at Rs 31206, The Aug. month
ended with complete 1457 positive point and in percent terms,
increase of 4.89 percent. COMEX gold also blasted during this
period and breached its five-month-high level and high made
$1695.5 before settling at $1687.6 on 31st of Aug; complete
positive $73 improvement and in percent terms 4.52 percent.
Very crucial evident factors that supported the gold move
were-
20th Aug. German magazine Der Spiegel reported
that ECB new crisis fighting plan could include
buying Euro zone countries bonds if their borrowing
cost breached certain levels that will strengthen Euro
against Dollar and god follows Euro.
22nd of Aug. Minutes were given of the meeting from
the U.S. Federal Reserve for another round of
monetary stimulus imminent.
31st of Aug. Fed Chairman Ben Bernanke speech that
didn’t give any clear clue regarding QE3, but the
main word he used the “grave concern” over the
labour market condition, and market sooner
interpreted that there is going to be more QE and
blasted in the gold form.
Now in the month of September some crucial events will
remain in focus are---
-European Central Bank meeting in the first week of the
month.
-Nonfarm payroll data release on 7th of Sep. from U.S. to
judge U.S. labour market situation as Bernanke had
shown grave concern over labour market in last meet.
-Fed next meets on 13th of Sep; investor will hope some
more hint over QE3. (NEAL BHAI)
its strength and the week closing on 11th Aug. gold price were Rs 30032/10gm around 1 percent above from closing of Rs. 29749/10gm month ended 31st July.
On the other side during the same period gold prices on
COMEX also rose and on 10th of Aug. closed $1622.8/oz. Net
increase of $8.2/oz compare to the month ended 31st July
closing $1614.6/oz. The factors that were supported this up
move were the followingcontinue
weak U.S. economic data release from last
two week were making fall in Dollar and investors
were choosing gold as an alternate of dollar, the time
when gold were very attractive.
Concern over U.S. economy were also increasing the
possibility of Quantitative Easing 3 from Fed in near
future that keep on supporting gold prices during this
period.
During the second week that started from 13th of Aug gold
market remain very volatile, and at the end of the week price
on MCX were little change with positive 132 and closing at
Rs. 30164 and on COMEX price were also little change with
negative $3.4 and closing at $1619.40.The reasons behind the
volatility were-
Gold prices had stuck in the range of $1600-$1626
over the hope of monetary stimulus from U.S. Fed
while U.S. economic data was very mix to judge the
U.S. economy.
During the period there was news that ECB will start
buying sovereign bonds to lower borrowing costs in
debt-stricken countries such as Spain and Italy. The
process would support Euro as well as gold prices.
Third week of the month Aug. that started from 20th and close
on 25th created history on MCX, gold price entered their life
time high that was Rs. 30955 and closed at 30947. The upside
movement that started in gold prices didn’t stop till the end of
the month and on 31st of Aug prices were hovering at their life
time high Rs. 31231 and settled at Rs 31206, The Aug. month
ended with complete 1457 positive point and in percent terms,
increase of 4.89 percent. COMEX gold also blasted during this
period and breached its five-month-high level and high made
$1695.5 before settling at $1687.6 on 31st of Aug; complete
positive $73 improvement and in percent terms 4.52 percent.
Very crucial evident factors that supported the gold move
were-
20th Aug. German magazine Der Spiegel reported
that ECB new crisis fighting plan could include
buying Euro zone countries bonds if their borrowing
cost breached certain levels that will strengthen Euro
against Dollar and god follows Euro.
22nd of Aug. Minutes were given of the meeting from
the U.S. Federal Reserve for another round of
monetary stimulus imminent.
31st of Aug. Fed Chairman Ben Bernanke speech that
didn’t give any clear clue regarding QE3, but the
main word he used the “grave concern” over the
labour market condition, and market sooner
interpreted that there is going to be more QE and
blasted in the gold form.
Now in the month of September some crucial events will
remain in focus are---
-European Central Bank meeting in the first week of the
month.
-Nonfarm payroll data release on 7th of Sep. from U.S. to
judge U.S. labour market situation as Bernanke had
shown grave concern over labour market in last meet.
-Fed next meets on 13th of Sep; investor will hope some
more hint over QE3. (NEAL BHAI)
Saturday, September 1, 2012
GOLD 03.09.2012 TO 07.09.2012
MCX Gold October as seen in the weekly chart above has opened at 30,984 initially moved lower, and as expected found very good support at 30,656 levels. Later prices rallied sharply towards 31,405 levels and finally closed sharply higher from the previous weeks closing levels.
For the next week we expect gold prices to find Support at 31,130 – 31,000 levels and further below strong support is seen at 30,860-30,830 levels. Trading consistently below 30,820 levels would trigger sharp correction initially towards 30,382 then 30,198 and then finally towards the major support at 29,756 levels.
Resistance is observed in the range of 31,600-31,630 levels. Trading consistently above 31,630 levels would lead towards the strong resistance at 31,880 levels, and then finally towards the Major resistance at 32,200 levels.
For the next week we expect gold prices to find Support at 31,130 – 31,000 levels and further below strong support is seen at 30,860-30,830 levels. Trading consistently below 30,820 levels would trigger sharp correction initially towards 30,382 then 30,198 and then finally towards the major support at 29,756 levels.
Resistance is observed in the range of 31,600-31,630 levels. Trading consistently above 31,630 levels would lead towards the strong resistance at 31,880 levels, and then finally towards the Major resistance at 32,200 levels.
SILVER 03.09.2012 TO 07.09.2012
MCX Silver December as seen in the weekly chart above has opened at 59,700 levels initially moved lower, but found support at 58,601 levels. Later prices rallied sharply towards 61,170 levels, and finally closed sharply higher from the previous weeks closing levels.
For the next week we expect Silver prices to find support in the range of 60,240-60,200 levels and then strong support is seen at 59,300-59,250 levels. Trading consistently below 59,240 levels would trigger correction initially towards 58,240 levels and then finally towards the major support at 57,670 levels.
Resistance is now observed in the range of 61,880-61,940 levels. Trading consistently above 61,940 levels would lead towards the strong resistance at 62,800 levels and then finally towards the major Resistance at 63,400 levels.
For the next week we expect Silver prices to find support in the range of 60,240-60,200 levels and then strong support is seen at 59,300-59,250 levels. Trading consistently below 59,240 levels would trigger correction initially towards 58,240 levels and then finally towards the major support at 57,670 levels.
Resistance is now observed in the range of 61,880-61,940 levels. Trading consistently above 61,940 levels would lead towards the strong resistance at 62,800 levels and then finally towards the major Resistance at 63,400 levels.
COPPER 03.09.2012 TO 07.09.2012
MCX Copper November as seen in the weekly chart above has opened at 431.15 levels initially moved higher, but found strong resistance at 432.90 levels. Later prices fell sharply towards 423 levels and finally closed lower from the previous weeks closing levels.
For the next week we expect Copper prices to find support in the range of 422.50-421.50 levels and further below strong support is seen at 417.80-416.80 levels. Daily closing below 416.80 levels would indicate that a short term top has been posted and thereby correction can be expected initially towards 413 and then finally towards 408.80 levels.
Resistance is now observed in the range of 431-433 levels. Trading consistently above 433 levels would lead towards the strong resistance at 437.60 and then finally towards the major resistance at 441.10 levels.
For the next week we expect Copper prices to find support in the range of 422.50-421.50 levels and further below strong support is seen at 417.80-416.80 levels. Daily closing below 416.80 levels would indicate that a short term top has been posted and thereby correction can be expected initially towards 413 and then finally towards 408.80 levels.
Resistance is now observed in the range of 431-433 levels. Trading consistently above 433 levels would lead towards the strong resistance at 437.60 and then finally towards the major resistance at 441.10 levels.
CRUDE OIL 03.09.2012 TO 07.09.2012
MCX Crude September as seen in the weekly chart above has opened at 5363 levels initially moved sharply higher and as expected found good resistance at 5424 levels. Later prices fell sharply towards 5257 levels and finally closed marginally higher from the previous weeks closing levels.
For the next week we expect Crude prices to find support at 5295-5285 levels. Trading consistently below 5280 levels would lead towards the strong support at 5130-5110 levels. Daily closing below 5100 levels would indicate that the current rally has come to end and thereby correction can be expected initially towards 4990 levels and then finally towards the major support at 4893 levels.
Resistance is now observed in the range of 5456-5466 levels. Trading consistently above 5470 levels would extend the previous week’s rally initially towards 5548 levels and then finally towards the Major resistance at 5625 levels.
For the next week we expect Crude prices to find support at 5295-5285 levels. Trading consistently below 5280 levels would lead towards the strong support at 5130-5110 levels. Daily closing below 5100 levels would indicate that the current rally has come to end and thereby correction can be expected initially towards 4990 levels and then finally towards the major support at 4893 levels.
Resistance is now observed in the range of 5456-5466 levels. Trading consistently above 5470 levels would extend the previous week’s rally initially towards 5548 levels and then finally towards the Major resistance at 5625 levels.
Monday, August 27, 2012
Gold Updates 27.08.2012
Gold Updates 27.08.2012:- MUMBAI: Country's benchmark October gold contract extended gains on Monday morning to hit a record high of Rs 31,091 per 10 grams, following a rally in the world markets and on a weak rupee.
International spot gold rose to the loftiest level since mid-April on Monday, extending strong gains from last week as expectations for further monetary easing from the US Federal Reserve kept sentiment buoyant.
However, a price rise is set to trim country's gold consumption, and subsequently imports, in the peak festive season.
Investors, looking at short-term gains, have liquidated a portion of their holdings in gold in the last few days after the yellow metal touched Rs 31,000 per 10 gm. Jewellers and bullion dealers say that those who need immediate cash are selling gold now but they will again enter the market shortly as there is a feeling in the market that the yellow metal will touch Rs 32,500 around Diwali.
Bullion analysts say speculative and investment demand of the metal have resulted in prices more than doubling since 2008 curbing purchases from price-sensitive Indian buyers. India's gold imports in the second quarter plunged more than 56% on the year to 131 tonne, according to the World Gold Council.
Rajiv Popley, director of Mumbai-based jeweller Popley & Sons, said: "Gold has already given a 10% return in the first eight months of this year. Some may liquidate gold now but they will again return to the market shortly. Gold may touch Rs 32,500 per 10 gm sometime around Diwali."
Speculators raised their net long positions in U.S. gold futures and options to 140,126 lots in the week ended Aug. 21, the highest since the beginning of May, said the US Commodity Futures Trading Commission.
Investors also piled into physically backed exchange-traded gold funds, lifting the holdings of gold ETFs tracked by Reuters to a historical high above 71.4 million ounces. (Neal Bhai)
International spot gold rose to the loftiest level since mid-April on Monday, extending strong gains from last week as expectations for further monetary easing from the US Federal Reserve kept sentiment buoyant.
However, a price rise is set to trim country's gold consumption, and subsequently imports, in the peak festive season.
Investors, looking at short-term gains, have liquidated a portion of their holdings in gold in the last few days after the yellow metal touched Rs 31,000 per 10 gm. Jewellers and bullion dealers say that those who need immediate cash are selling gold now but they will again enter the market shortly as there is a feeling in the market that the yellow metal will touch Rs 32,500 around Diwali.
Bullion analysts say speculative and investment demand of the metal have resulted in prices more than doubling since 2008 curbing purchases from price-sensitive Indian buyers. India's gold imports in the second quarter plunged more than 56% on the year to 131 tonne, according to the World Gold Council.
Rajiv Popley, director of Mumbai-based jeweller Popley & Sons, said: "Gold has already given a 10% return in the first eight months of this year. Some may liquidate gold now but they will again return to the market shortly. Gold may touch Rs 32,500 per 10 gm sometime around Diwali."
Speculators raised their net long positions in U.S. gold futures and options to 140,126 lots in the week ended Aug. 21, the highest since the beginning of May, said the US Commodity Futures Trading Commission.
Investors also piled into physically backed exchange-traded gold funds, lifting the holdings of gold ETFs tracked by Reuters to a historical high above 71.4 million ounces. (Neal Bhai)
Sunday, August 26, 2012
SILVER Weekly Technical Report 27.08.2012 to 31.08.2012
MCX Silver September as seen in the weekly chart above has opened at 53,646 levels initially moved lower, but found support at 53,520 levels. Later prices rallied sharply breaking both the resistances towards 57,549 levels, and finally closed sharply higher from the previous weeks closing levels.
For the next week we expect Silver prices to find support in the range of 56,540-56,500 levels and then strong support is seen at 56,100-56,000 levels. Multiple closing below 56,000 levels would confirm that the current rally has come to an end and thereby correction can be expected initially towards 55,600 levels, then 54,980 and then finally towards the major support at 54,440 levels.
Strong Resistance is now observed in the range of 57,700-58,000 levels. Multiple closing above 58,800 levels would further extend the current rally initially towards 58,750 levels and then finally towards the major Resistance at 60,100 levels. (NEAL BHAI)
For the next week we expect Silver prices to find support in the range of 56,540-56,500 levels and then strong support is seen at 56,100-56,000 levels. Multiple closing below 56,000 levels would confirm that the current rally has come to an end and thereby correction can be expected initially towards 55,600 levels, then 54,980 and then finally towards the major support at 54,440 levels.
Strong Resistance is now observed in the range of 57,700-58,000 levels. Multiple closing above 58,800 levels would further extend the current rally initially towards 58,750 levels and then finally towards the major Resistance at 60,100 levels. (NEAL BHAI)
CRUDE Weekly Technical Report 27.08.2012 to 31.08.2012
MCX Crude September as seen in the weekly chart above has opened at 5378 levels initially moved sharply higher, but found good resistance at 5425 levels. Later prices fell sharply towards 5292 and finally closed lower from the previous weeks closing levels.
For the next week we expect Crude prices to find support at 5288-5260 levels and further below strong support is seen at 5223-5203 levels. Daily closing below 5200 levels would indicate that the current rally has come to end and thereby correction can be expected initially towards 5133 levels, then 5053 and then finally towards the major support at 4940 levels.
Strong Resistance is now observed in the range of 5420-5450 levels. Trading consistently above 5450 levels would extend the previous week’s rally initially towards 5490 levels, then 5557 and then finally towards the Major resistance at 5600 levels. (NEAL BHAI)
For the next week we expect Crude prices to find support at 5288-5260 levels and further below strong support is seen at 5223-5203 levels. Daily closing below 5200 levels would indicate that the current rally has come to end and thereby correction can be expected initially towards 5133 levels, then 5053 and then finally towards the major support at 4940 levels.
Strong Resistance is now observed in the range of 5420-5450 levels. Trading consistently above 5450 levels would extend the previous week’s rally initially towards 5490 levels, then 5557 and then finally towards the Major resistance at 5600 levels. (NEAL BHAI)
COPPER Technical Report 27.08.2012 TO 31.08.2012
COPPER:- MCX Copper August as seen in the weekly chart above has opened at 419.60 levels initially moved lower, but found strong support at 414.10 levels. Later prices rallied sharply towards 426.95 levels and finally closed sharply higher from the previous weeks closing levels.
For the next week we expect Copper prices to find support in the range of 422.40-421 levels and further below strong support is seen at 418.40-416.40 levels. Daily closing below 416 levels would indicate that the current rally has come to an end and thereby correction can be expected initially towards 412.20, then 407.90 and then finally towards 402 levels.
Strong Resistance is now observed in the range of 430.80-432 levels. Daily closing above 432 levels would extend the current rally initially towards 438 and then finally towards the major resistance at 443.60 levels.
For the next week we expect Copper prices to find support in the range of 422.40-421 levels and further below strong support is seen at 418.40-416.40 levels. Daily closing below 416 levels would indicate that the current rally has come to an end and thereby correction can be expected initially towards 412.20, then 407.90 and then finally towards 402 levels.
Strong Resistance is now observed in the range of 430.80-432 levels. Daily closing above 432 levels would extend the current rally initially towards 438 and then finally towards the major resistance at 443.60 levels.
GOLD Technical Report 27.08.2012 TO 31.08.2012
Gold October as seen in the weekly chart above has opened at 30,158 initially moved marginally lower, but found very good support at 30,121 levels. Later prices rallied sharply towards 30,955 levels and finally closed sharply higher from the previous weeks closing levels.
For the next week we expect gold prices to find Support at 30,730 – 30,660 levels and further below strong support is seen at 30,390-30,360 levels. Trading consistently below 30,350 levels would trigger sharp correction initially towards 30,245 then 30,160 and then finally towards the major support at 30,080 levels.
Resistance is observed in the range of 31,180-31,200 levels. Trading consistently above 31,210 levels would lead towards the strong resistance at 31,480 levels, and then finally towards the Major resistance at 32,110 levels. (Neal Bhai 9999974733)
Wednesday, August 22, 2012
GOLD NEWS UPDATES 22.08.2012
GOLD NEWS UPDATE 22.08.2012:- LONDON: Gold prices rose on Tuesday as the dollar hit its lowest in nearly two weeks against the euro and stock markets rallied, while platinum held near two-month highs as unrest simmered at a mine in major producer South Africa.
Platinum has been the biggest climber of the last seven days, up more than $100 an ounce week-on-week on Tuesday, after police shot dead 34 people after an outbreak of inter-union violence at a mine operated by Lonmin.
Gold prices climbed, meanwhile, in line with European shares and the euro, on optimism that meetings on Greece's future and a strategy being drawn up by the European Central Bank will lead to progress in solving the euro zone debt crisis.
Spot gold was up 0.3 percent at $1,623.86 an ounce at 0948 GMT, while U.S. gold futures for December delivery were up $3.40 at $1,626.40. It is approaching key resistance at $1,630 an ounce, which has held it in check since early June.
"Gold has got a good gentle uplift at the moment, with the backdraft of positive news on the euro," Sharps Pixley Chief Executive Ross Norman said. "We're seeing a nice gentle pick up in volumes across Europe on the physical side, (but) we've got all the heavy lifting to do between $1,630 and $1,640."
"There's quite a lot of overhead resistance on the charts, so once we've got a convincing breach of that we need to see a bit more volume as well. Over the summer, it's been particularly light. The market just seems to be drifting higher."
Greece's prime minister will meet German Chancellor Angela Merkel, French President Francois Hollande and Eurogroup chief Jean-Claude Juncker this week to try and secure more funding from the European Union, International Monetary Fund and ECB.
German government bonds fell on Tuesday as markets focused on the prospect of ECB buying debt to contain Spanish borrowing costs.
Traders cited a story in British newspaper The Daily Telegraph, which said it could confirm earlier reports in German media that ECB experts were examining plans to effectively cap Spanish and Italian bond yields. (Neal Bhai 9999974733)
Platinum has been the biggest climber of the last seven days, up more than $100 an ounce week-on-week on Tuesday, after police shot dead 34 people after an outbreak of inter-union violence at a mine operated by Lonmin.
Gold prices climbed, meanwhile, in line with European shares and the euro, on optimism that meetings on Greece's future and a strategy being drawn up by the European Central Bank will lead to progress in solving the euro zone debt crisis.
Spot gold was up 0.3 percent at $1,623.86 an ounce at 0948 GMT, while U.S. gold futures for December delivery were up $3.40 at $1,626.40. It is approaching key resistance at $1,630 an ounce, which has held it in check since early June.
"Gold has got a good gentle uplift at the moment, with the backdraft of positive news on the euro," Sharps Pixley Chief Executive Ross Norman said. "We're seeing a nice gentle pick up in volumes across Europe on the physical side, (but) we've got all the heavy lifting to do between $1,630 and $1,640."
"There's quite a lot of overhead resistance on the charts, so once we've got a convincing breach of that we need to see a bit more volume as well. Over the summer, it's been particularly light. The market just seems to be drifting higher."
Greece's prime minister will meet German Chancellor Angela Merkel, French President Francois Hollande and Eurogroup chief Jean-Claude Juncker this week to try and secure more funding from the European Union, International Monetary Fund and ECB.
German government bonds fell on Tuesday as markets focused on the prospect of ECB buying debt to contain Spanish borrowing costs.
Traders cited a story in British newspaper The Daily Telegraph, which said it could confirm earlier reports in German media that ECB experts were examining plans to effectively cap Spanish and Italian bond yields. (Neal Bhai 9999974733)
COPPER NEWS UPDATED 22.08.2012
COPPER NEWS UPDATED 22.08.2012:- LONDON: Copper marched to a one-month peak on Tuesday, testing the top of its recent range on optimism that the European Central Bank is drawing up a strategy to tackle the euro zone debt crisis, although some investors were wary about further gains.
The euro rallied to a seven-week high versus the dollar as talk of ECB action to ease Spanish and Italian borrowing costs resurfaced, even though the central bank tried to quash such speculation on Monday.
A strong euro makes dollar-priced copper cheaper for European investors. More gains in copper were likely to be limited by the intractable euro zone debt crisis, slower growth in top metal consumer China and a stuttering recovery in the United States, the world's largest economy, some analysts said.
"You've got hopes about the ECB again ... but the general trend hasn't changed much from July, we're still fairly rangebound," s aid Citi analyst David Wilson. "Markets are nervous about taking outright positions in either direction."
Three-month copper on the London Metal Exchange jumped 2.1 per cent to close at $7,610 per tonne after touching a session peak of $7,632, the highest since July 20. Copper dropped 1.1 per cent in the previous session.
The market tested the top of a range of $7,300 to $7,600 it has held over the past month. Analyst Edward Meir at INTL FCStone pegged key resistance at $7,620. "A two-day closing break above that mark would be significant," he said in a note.
Market volumes have been thin in recent weeks and Monday's open interest in copper fell to 229,844, its lowest since early 2007.
Markets took heart from coverage by British newspaper The Daily Telegraph, which said it could confirm weekend reports that ECB experts were examining plans to effectively cap Spanish and Italian yields, even if the bank has so far denied the speculation.
In China meanwhile, risk assets including copper received a modest boost after local media reported the Chinese city Chongqing was planning to invest $236 billion in seven major industries.
Import data from the world's top consumer, meanwhile, showed a marginal rise for July, with shipments of refined copper into China at 254,339 tonnes versus 250,097 tonnes in June.
"For now, with no clear trading direction, LME copper will be stuck within a range of $7,200-$7,800. But downside risks will increase over the longer term as Chinese consumer demand remains weak with no sign of improvement in global economics," said Andy Du, derivatives director at Orient Futures.
Chief Executive Ivan Glasenberg of Glencore saw potential for stronger demand in China towards the end of the year.
"I think we've got to watch China carefully to see what type of stimulus they will or won't put into place... personally I believe you will see more infrastructure spending in the second half," he told a conference call after the commodity trade house released interim results. (Neal Bhai 9999974733)
The euro rallied to a seven-week high versus the dollar as talk of ECB action to ease Spanish and Italian borrowing costs resurfaced, even though the central bank tried to quash such speculation on Monday.
A strong euro makes dollar-priced copper cheaper for European investors. More gains in copper were likely to be limited by the intractable euro zone debt crisis, slower growth in top metal consumer China and a stuttering recovery in the United States, the world's largest economy, some analysts said.
"You've got hopes about the ECB again ... but the general trend hasn't changed much from July, we're still fairly rangebound," s aid Citi analyst David Wilson. "Markets are nervous about taking outright positions in either direction."
Three-month copper on the London Metal Exchange jumped 2.1 per cent to close at $7,610 per tonne after touching a session peak of $7,632, the highest since July 20. Copper dropped 1.1 per cent in the previous session.
The market tested the top of a range of $7,300 to $7,600 it has held over the past month. Analyst Edward Meir at INTL FCStone pegged key resistance at $7,620. "A two-day closing break above that mark would be significant," he said in a note.
Market volumes have been thin in recent weeks and Monday's open interest in copper fell to 229,844, its lowest since early 2007.
Markets took heart from coverage by British newspaper The Daily Telegraph, which said it could confirm weekend reports that ECB experts were examining plans to effectively cap Spanish and Italian yields, even if the bank has so far denied the speculation.
In China meanwhile, risk assets including copper received a modest boost after local media reported the Chinese city Chongqing was planning to invest $236 billion in seven major industries.
Import data from the world's top consumer, meanwhile, showed a marginal rise for July, with shipments of refined copper into China at 254,339 tonnes versus 250,097 tonnes in June.
"For now, with no clear trading direction, LME copper will be stuck within a range of $7,200-$7,800. But downside risks will increase over the longer term as Chinese consumer demand remains weak with no sign of improvement in global economics," said Andy Du, derivatives director at Orient Futures.
Chief Executive Ivan Glasenberg of Glencore saw potential for stronger demand in China towards the end of the year.
"I think we've got to watch China carefully to see what type of stimulus they will or won't put into place... personally I believe you will see more infrastructure spending in the second half," he told a conference call after the commodity trade house released interim results. (Neal Bhai 9999974733)
Tuesday, August 21, 2012
GOLD UPDATES 21.08.2012
GOLD NEWS UPDATE 21.08.2012:- KOCHI: Gold jewellers in the south are upbeat on the marriage and festival season that has just begun. Expansion of branches is keeping the business in good stead despite high gold prices.
Bulk purchases for marriages are still continuing though coin sales have slid. Most of the jewellery chains are now targetting rural and semi-urban areas in Tamil Nadu, Karnataka and Andhra Pradesh. This indicates that the September quarter may fare better compared with the previous one, which showed a 38% decline in gold demand in the country according to aWorld Gold Council report.
The marriage season has started in Kerala, coinciding with Onam festival in the last week of August. By September, Diwali will boost jewellery demand further and the trend will continue till November in other southern states. The price of 22 carat gold, used in jewellery, is inching up towards Rs 3,000 per gram.
Major jewellery groups are on an expansion spree, particularly to semi-urban areas to increase their revenue. Kalyan Jewellers, which recently roped in none other than Amitabh Bachchan for ads, is investing Rs 1,000 crore in the current year on its 15 new showrooms in south India and Gujarat.
"More customers are going to the organised sector to buy gold. With 35 showrooms in south India at present, our business has been growing 30% to 40% annually," said TK Ramesh, executive director of Kalyan Jewellers, which has a target of Rs 16,000 crore turnover this fiscal year.
Joyalukkas, another jewellery major, is planning to open eight showrooms this year. "People still make bulk purchases for weddings in south India. Of this, over 50% is new purchases while 30-40% is recycled gold," said PP Jose, chief operating officer of Joyalukkas.
Tapping new markets allows the chains to maintain a good growth in revenue. Buying trends are different among the southern states. Bulk purchases for marriages mostly take place in Kerala and metros in other states. But in rural areas, people buy small quantities of jewellery regularly.
Currently, buyers prefer gold jewellery to coins. "People seem to have lost confidence in gold coins. The share of coin sales in total sales has come down to around 10-15% from 30-40% earlier. Coins were in demand when there was a high volatility in prices. Now, the price rise is gradual," said Girirajan, MD of Bhima Jewellers. According to him, the depreciation of the rupee may raise gold prices again. (Neal Bhai 9999974733)
Bulk purchases for marriages are still continuing though coin sales have slid. Most of the jewellery chains are now targetting rural and semi-urban areas in Tamil Nadu, Karnataka and Andhra Pradesh. This indicates that the September quarter may fare better compared with the previous one, which showed a 38% decline in gold demand in the country according to aWorld Gold Council report.
The marriage season has started in Kerala, coinciding with Onam festival in the last week of August. By September, Diwali will boost jewellery demand further and the trend will continue till November in other southern states. The price of 22 carat gold, used in jewellery, is inching up towards Rs 3,000 per gram.
Major jewellery groups are on an expansion spree, particularly to semi-urban areas to increase their revenue. Kalyan Jewellers, which recently roped in none other than Amitabh Bachchan for ads, is investing Rs 1,000 crore in the current year on its 15 new showrooms in south India and Gujarat.
"More customers are going to the organised sector to buy gold. With 35 showrooms in south India at present, our business has been growing 30% to 40% annually," said TK Ramesh, executive director of Kalyan Jewellers, which has a target of Rs 16,000 crore turnover this fiscal year.
Joyalukkas, another jewellery major, is planning to open eight showrooms this year. "People still make bulk purchases for weddings in south India. Of this, over 50% is new purchases while 30-40% is recycled gold," said PP Jose, chief operating officer of Joyalukkas.
Tapping new markets allows the chains to maintain a good growth in revenue. Buying trends are different among the southern states. Bulk purchases for marriages mostly take place in Kerala and metros in other states. But in rural areas, people buy small quantities of jewellery regularly.
Currently, buyers prefer gold jewellery to coins. "People seem to have lost confidence in gold coins. The share of coin sales in total sales has come down to around 10-15% from 30-40% earlier. Coins were in demand when there was a high volatility in prices. Now, the price rise is gradual," said Girirajan, MD of Bhima Jewellers. According to him, the depreciation of the rupee may raise gold prices again. (Neal Bhai 9999974733)
Saturday, August 11, 2012
CRUDE 13.08.2012 TO 17.08.2012
MCX / NYMEX Crude Oil Trading levels for the week (13.08.2012 to 17.08.2012)
MCX Crude August as seen in the weekly chart above has opened at 5062 levels initially moved lower, but found good support at 5040 levels. Later prices rallied sharply towards 5225 and finally closed higher from the previous weeks closing levels.
For the next week we expect Crude prices to find support at 5047-5030 levels and further below strong support is seen at 4955-4935 levels. Daily closing below 4930 levels would indicate that the current rally has come to end and thereby correction can be expected initially towards 4860 levels, then 4782 and then finally towards the major support at 4732 levels.
Resistance is now observed in the range of 5220-5240 levels. Trading consistently above 5250 levels would renew the previous rally initially towards 5315 levels, then 5370 and then finally towards the Major resistance at 5440 levels.
COPPER 13.08.2012 TO 17.08.2012
MCX / LME Copper Trading levels for the week (13.08.2012 to 17.08.2012)
MCX Copper August as seen in the weekly chart above has opened at 413.05 levels initially moved lower, but found strong support at 411.80 levels. Later prices rallied sharply towards 419.85 levels and finally closed higher from the previous weeks closing levels.
For the next week we expect Copper prices to find support in the range of 411.30-410.80 levels and further below strong support is seen at 407.40-406.40 levels. Trading consistently below 406 levels would trigger sharp correction initially towards 404.25, then 397 and then finally towards 387 levels.
Resistance is now observed in the range of 419.20-420.20 levels and then strong resistance is seen at 423.50-425 levels.
Daily closing above 425 levels would resume the uptrend and thereby new leg up can be expected initially towards 430 then 435 and then finally towards the major resistance at 440 levels.
SILVER 13.08.2012 TO 17.08.2012
MCX / Spot Silver Trading levels for the week (13.08.12 to 17.08.12)
MCX Silver September as seen in the weekly chart above has opened at 53,265 levels initially moved lower, but found support at 53,027 levels. Later prices rallied sharply towards 53,735 levels, and finally closed higher from the previous weeks closing levels.
For the next week we expect Silver prices to find support in the range of 53,100-53,050 levels. Trading consistently below 53,050 levels would lead towards the strong support at 52,650-52,550 levels. Multiple closing below 52,500 levels would confirm that a short term top has been posted in the market and thereby correction can be expected initially towards 51,344 levels, then 50,850 and then finally towards the major support at 49,960 levels.
Resistance is now observed in the range of 53,810-53,860 levels. Trading consistently above 53,870 levels would lead towards the strong resistance at 54,240 levels and then finally towards the major Resistance at 55,050 levels.
NEAL BHAI 9999974733
GOLD 13.08.2012 TO 17.08.2012
MCX Gold October as seen in the weekly chart above has opened at 29,918 initially moved sharply lower, and as expected found very good support just above the expected level at 29,756 levels. Later prices rallied sharply towards 30,078 levels and finally closed higher from the previous weeks closing levels.
For the next week we expect gold prices to find Support at 29,960 – 29,930 levels and further below strong support is seen at 29,830-29,800 levels. Trading consistently below 29,800 levels would trigger sharp correction initially towards 29,660 then 29,500 and then finally towards the major support at 29,176 levels.
Resistance is observed in the range of 30,150-30,180 levels. Trading consistently above 30,180 levels would lead towards the strong resistance at 30,300 levels, and then finally towards the Major resistance at 30,478 levels.
Monday, July 30, 2012
SILVER CALL 30.07.2012
SILVER 30.07.2012:- Buy Silver between 53165- 53250, SL-52900, Target -53450/53650/53950 (NEAL BHAI)
GOLD CALL 30.07.2012
Gold 30.07.2012:- Buy around 29780 stop loss 29635 target-29890-29950-30025 ranges. (NEAL BHAI)
Sunday, July 29, 2012
CRUDE 30.07.2012 TO 03.08.2012
CRUDE OIL UPDATES :- MCX Crude August as seen in the weekly chart above has opened on its high at 5078 levels and then fell sharply lower breaking both the supports, but finally found support at 4896 levels. Later prices recovered towards 5016 and finally closed sharply lower from the previous weeks closing levels.
For the next week we expect Crude prices to find support at 4950-4930 levels and then strong support is seen at 4875-4855 levels. Multiple closing below 4850 levels would indicate that the current rally has come to end and thereby correction can be expected initially towards 4780 and then finally towards the major support at 4660 levels.
Resistance is now observed in the range of 5086-5096 levels. Trading consistently above 5100 levels would lead towards the strong resistance at 5170 levels and then finally towards the Major resistance at 5270 levels.
For the next week we expect Crude prices to find support at 4950-4930 levels and then strong support is seen at 4875-4855 levels. Multiple closing below 4850 levels would indicate that the current rally has come to end and thereby correction can be expected initially towards 4780 and then finally towards the major support at 4660 levels.
Resistance is now observed in the range of 5086-5096 levels. Trading consistently above 5100 levels would lead towards the strong resistance at 5170 levels and then finally towards the Major resistance at 5270 levels.
COPPER 30.07.2012 TO 03.08.2012
COPPER UPDATES :- MCX Copper August as seen in the weekly chart above has opened at 421.40 levels initially moved lower, but found strong support at 415.55 levels. Later prices rallied sharply towards 422.70 levels and finally closed lower from the previous weeks closing levels.
For the next week we expect Copper prices to find strong support in the range of 418-417 levels. Multiple closing below 417 levels would indicate that a short term top has been posted and thereby major decline can be expected initially towards 412.60, then 409.20 and then finally towards 402.05 levels.
Resistance is now observed in the range of 423.80-424.80 levels and then strong resistance is seen at 427-429 levels. Daily closing above 429 levels would indicate that a short term bottom has been posted and thereby new leg up can be expected initially towards 435 then 441 and then finally towards the major resistance at 446 levels.
For the next week we expect Copper prices to find strong support in the range of 418-417 levels. Multiple closing below 417 levels would indicate that a short term top has been posted and thereby major decline can be expected initially towards 412.60, then 409.20 and then finally towards 402.05 levels.
Resistance is now observed in the range of 423.80-424.80 levels and then strong resistance is seen at 427-429 levels. Daily closing above 429 levels would indicate that a short term bottom has been posted and thereby new leg up can be expected initially towards 435 then 441 and then finally towards the major resistance at 446 levels.
SILVER UPDATES 30.07.2012 TO 03.08.2012
SILVER UPDATES :-MCX Silver September as seen in the weekly chart above has opened at 52,805 levels initially moved lower, but found support at 52,502 levels. Later prices rallied sharply towards 53,589 levels, and finally closed higher from the previous weeks closing levels.
For the next week we expect Silver prices to find support in the range of 53,060-52,960 levels. Trading consistently below 52,950 levels would lead towards the strong support at 52,630 levels. Daily closing below 52,600 levels would indicate that the current uptrend has come to an end and thereby correction can be expected initially towards 52,204 levels and then finally towards the major support at 51,240 levels.
Strong Resistance is now observed in the range of 53,650-53,750 levels. Multiple closing above 53,750 levels would indicate that a short term bottom has been posted and thereby new leg up can be expected initially towards 54,280 then 55,050 and then finally towards the major Resistance at 56,500 levels.
(NEAL BHAI 9999974733)
For the next week we expect Silver prices to find support in the range of 53,060-52,960 levels. Trading consistently below 52,950 levels would lead towards the strong support at 52,630 levels. Daily closing below 52,600 levels would indicate that the current uptrend has come to an end and thereby correction can be expected initially towards 52,204 levels and then finally towards the major support at 51,240 levels.
Strong Resistance is now observed in the range of 53,650-53,750 levels. Multiple closing above 53,750 levels would indicate that a short term bottom has been posted and thereby new leg up can be expected initially towards 54,280 then 55,050 and then finally towards the major Resistance at 56,500 levels.
(NEAL BHAI 9999974733)
GOLD UPDATES 30.07.2012 TO 03.08.2012
GOLD UPDATES :- MCX Gold October as seen in the weekly chart above has opened at 29,680 initially moved marginally lower, but found very good support at 29,657. Later prices rallied sharply towards 30,265 levels and finally closed sharply higher from the previous weeks closing levels.
For the next week we expect gold prices to find Support at 30,025 – 29,970 levels and further below strong support is seen at 29,780-29,750 levels. Trading consistently below 29,740 levels would trigger sharp correction initially towards 29,490, then 29,370 and then finally towards the major support at 29,142 levels.
Strong Resistance is observed in the range of 30,430-30,470 levels. Multiple closing above 30,480 levels would further extend the current rally initially towards 30,630 then 30,720 and then finally towards the Major resistance at 31,030 levels. (NEAL BHAI 9999974733)
For the next week we expect gold prices to find Support at 30,025 – 29,970 levels and further below strong support is seen at 29,780-29,750 levels. Trading consistently below 29,740 levels would trigger sharp correction initially towards 29,490, then 29,370 and then finally towards the major support at 29,142 levels.
Strong Resistance is observed in the range of 30,430-30,470 levels. Multiple closing above 30,480 levels would further extend the current rally initially towards 30,630 then 30,720 and then finally towards the Major resistance at 31,030 levels. (NEAL BHAI 9999974733)
Thursday, July 26, 2012
GOLD, SLIVER, CRUDE OIL ALL CALL 26.07.2012
Gold 26.07.2012:- Buy between 29725 – 29780,SL-29640 Target – 29900/29940/29980
SILVER 26.07.2012:- Buy Silver between 53025 – 53110, SL-52675, Target - 53600/53900/54200
CRUDE OIL 26.07.2012 SELL CMP 4970 TGT1 4720 TGT2 4870 SL 5020
SILVER 26.07.2012:- Buy Silver between 53025 – 53110, SL-52675, Target - 53600/53900/54200
CRUDE OIL 26.07.2012 SELL CMP 4970 TGT1 4720 TGT2 4870 SL 5020
Wednesday, July 25, 2012
COPPER AND ALL METAL 25.07.2012
Copper 25.07.2012 Sell below 420.00 stop loss 422.50 target- 417.2-415 ranges.
Zinc 25.07.2012 Buy around101.30 stop loss 100.60 target-101.90-102.50 ranges.
Lead 25.07.2012 Buy around 104.30 stop loss 103.60 target- 105.10-105.50 ranges.
Nickel 25.07.2012 Buy around 880 stop loss 870 target- 890-898 ranges.
Zinc 25.07.2012 Buy around101.30 stop loss 100.60 target-101.90-102.50 ranges.
Lead 25.07.2012 Buy around 104.30 stop loss 103.60 target- 105.10-105.50 ranges.
Nickel 25.07.2012 Buy around 880 stop loss 870 target- 890-898 ranges.
CRUDE & NATURAL GASS CALL 25.07.2012
Crude Oil 25.07.2012 Buy around 5010 stop loss 4980 target-5045-5076 ranges.
Natural Gas 25.07.2012 Sell below 176 stop loss 179.50 targets-173.50- 171 ranges
Natural Gas 25.07.2012 Sell below 176 stop loss 179.50 targets-173.50- 171 ranges
Tuesday, July 24, 2012
GOLD UPDATES 24.07.2012
• Gold slipped on Monday as Spain's economic
troubles fueled euro zone debt fears, but safe-haven
bids helped bullion outperform equities and
commodities and lifted the metal off its lows.
• Earlier in the session, gold came under pressure
from tumbling U.S. equities and crude oil after Spain
said it sank deeper into recession in the second
quarter, pushing the euro zone's fourth-largest
economy closer to a full bailout.
• The metal later pared losses, moving in tandem with
a rebound in the euro after the International
Monetary Fund said it would start discussions with
the Greek authorities on July 24 on how to bring
Greece's economic program back on track.
• Worries about a global economic slowdown and
deflation sent bullion toward $1,560 an ounce
several times last week but gold managed to hold
each time. The metal has been moving in a range
between $1,527 and $1,655 in the past three
months.
troubles fueled euro zone debt fears, but safe-haven
bids helped bullion outperform equities and
commodities and lifted the metal off its lows.
• Earlier in the session, gold came under pressure
from tumbling U.S. equities and crude oil after Spain
said it sank deeper into recession in the second
quarter, pushing the euro zone's fourth-largest
economy closer to a full bailout.
• The metal later pared losses, moving in tandem with
a rebound in the euro after the International
Monetary Fund said it would start discussions with
the Greek authorities on July 24 on how to bring
Greece's economic program back on track.
• Worries about a global economic slowdown and
deflation sent bullion toward $1,560 an ounce
several times last week but gold managed to hold
each time. The metal has been moving in a range
between $1,527 and $1,655 in the past three
months.
Monday, July 23, 2012
SILVER CALL 23.07.2012
SILVER 23.07.2012 :- Sell below 52820 stop loss 53080 target-52450- 52200 ranges.
CRUDE & NG 23.07.2012
N.G. 23.07.2012:- Sell around 171.50 stop loss 174.2 targets-167- 164 ranges.
CRUDE 23.07.2012 :- Buy around 5065 stop loss 5035 target-5105-5140 ranges.
CRUDE 23.07.2012 :- Buy around 5065 stop loss 5035 target-5105-5140 ranges.
Sunday, July 22, 2012
CRUDE UPDATES 23.07.2012 TO 27.12.2012
MCX Crude August as seen in the weekly chart above has opened at 4830 levels initially moved marginally lower, but found good support at 4803 levels. Later prices rallied sharply breaking both the resistances, but finally found resistance at 5147 levels, corrected towards 5042 and finally closed sharply higher from the previous weeks closing levels.
For the next week we expect Crude prices to find support at 5012-5000 levels. Trading consistently below 5000 levels would lead towards the strong support at 4950-4930 levels. Daily closing below 4930 levels would indicate that the current rally has come to end and thereby correction can be expected initially towards 4860 then 4782 and then finally towards the major support at 4670 levels.
Strong Resistance is now observed in the range of 5210-5230 levels. Trading consistently above 5230 levels would further extend the current rally initially towards 5271 levels, then 5355 and then finally towards the Major resistance at 5400 levels.
For the next week we expect Crude prices to find support at 5012-5000 levels. Trading consistently below 5000 levels would lead towards the strong support at 4950-4930 levels. Daily closing below 4930 levels would indicate that the current rally has come to end and thereby correction can be expected initially towards 4860 then 4782 and then finally towards the major support at 4670 levels.
Strong Resistance is now observed in the range of 5210-5230 levels. Trading consistently above 5230 levels would further extend the current rally initially towards 5271 levels, then 5355 and then finally towards the Major resistance at 5400 levels.
COPPER UPDATES 23.07.2012 TO 27.12.2012
MCX Copper August as seen in the weekly chart above has opened at 425.70 levels initially moved sharply higher and as expected found strong resistance at 431.70 levels. Later prices fell sharply lower towards 419.75 levels and finally closed lower from the previous weeks closing levels.
For the next week we expect Copper prices to find strong support in the range of 417.50-417 levels. Multiple closing below 417 levels would indicate that a short term top has been posted and thereby major decline can be expected initially towards 412.60, then 409.20 and then finally towards 402.05 levels.
Strong Resistance is now observed in the range of 424.50-425.50 levels. Trading consistently above 426 levels would renew the previous rally initially towards 429.40 then 436 and then finally towards the major resistance at 441 levels.
For the next week we expect Copper prices to find strong support in the range of 417.50-417 levels. Multiple closing below 417 levels would indicate that a short term top has been posted and thereby major decline can be expected initially towards 412.60, then 409.20 and then finally towards 402.05 levels.
Strong Resistance is now observed in the range of 424.50-425.50 levels. Trading consistently above 426 levels would renew the previous rally initially towards 429.40 then 436 and then finally towards the major resistance at 441 levels.
SILVER UPDATES 23.07.2012 TO 27.12.2012
MCX Silver September as seen in the weekly chart above has opened at 52,721 levels initially moved sharply higher, but found resistance at 53,098 levels. Later prices fell sharply towards 52,305 levels, but recovered sharply towards 52970 and finally closed marginally higher from the previous weeks closing levels.
For the next week we expect Silver prices to find support in the range of 52,390-52,340 levels. Trading consistently below 52,340 levels would trigger a sharp correction initially towards 51,950 levels and then finally towards the major support at 51,350 levels.
Resistance is now observed in the range of 53,180-53,230 levels. Trading consistently above 53,260 levels would trigger a sharp rally initially towards the strong resistance at 53,540 levels, then 54,243 and then finally towards the major Resistance at 55,160 levels.
For the next week we expect Silver prices to find support in the range of 52,390-52,340 levels. Trading consistently below 52,340 levels would trigger a sharp correction initially towards 51,950 levels and then finally towards the major support at 51,350 levels.
Resistance is now observed in the range of 53,180-53,230 levels. Trading consistently above 53,260 levels would trigger a sharp rally initially towards the strong resistance at 53,540 levels, then 54,243 and then finally towards the major Resistance at 55,160 levels.
GOLD UPDATES 23.07.2012 TO 27.12.2012
MCX Gold August as seen in the weekly chart above has opened at 29,230 initially moved higher and as expected found resistance at 29,370. Later prices fell sharply towards 29,133 levels and finally closed marginally higher from the previous weeks closing levels.
For the next week we expect gold prices to find Support at 29,150 – 29,130 levels and further below strong support is seen at 29,020-29,000 levels. Trading consistently below 29,000 levels would trigger sharp correction initially towards 28,900, then 28,767 and then finally towards the major support at 28,480 levels.
Resistance is now seen at 29,390-29,450 levels. Trading consistently above 29,460 levels would trigger a rally initially towards 29,550 then 29,680 and then finally towards the Major resistance at 29,836 levels.
For the next week we expect gold prices to find Support at 29,150 – 29,130 levels and further below strong support is seen at 29,020-29,000 levels. Trading consistently below 29,000 levels would trigger sharp correction initially towards 28,900, then 28,767 and then finally towards the major support at 28,480 levels.
Resistance is now seen at 29,390-29,450 levels. Trading consistently above 29,460 levels would trigger a rally initially towards 29,550 then 29,680 and then finally towards the Major resistance at 29,836 levels.
Friday, July 20, 2012
CRUDE OIL CALL 20.07.2012
CRUDE OIL 20.07.2012 :- Buy Crude Oil between 5065 – 5078,SL-5025, Target - 5150/5160/5180
COPPER CALL 20.07.2012
COPPER 20.07.2012 Buy Copper between 429 – 430.50,
SL-427, Target – 433/435/437
SL-427, Target – 433/435/437
Thursday, July 19, 2012
NATURAL GAS 19.07.2012
NATURAL GAS 19.07.2012 :- Buy MCX July Natural Gas between 162 – 163, SL-160, Target - 166/167/168
Wednesday, July 18, 2012
METAL CALLS 18.07.2012
Copper 18.07.2012 Sell around 425.5 stop loss 428.6 target- 421.6-419 ranges.
Zinc 18.07.2012 Sell below 103.2 stop loss 104 target-102.7-102.10 ranges.
Lead 18.07.2012 Buy around 103.80 stop loss 102.90 target- 104.4-104.90 ranges.
Zinc 18.07.2012 Sell below 103.2 stop loss 104 target-102.7-102.10 ranges.
Lead 18.07.2012 Buy around 103.80 stop loss 102.90 target- 104.4-104.90 ranges.
SILVER CALL 18.07.2012
Silver 18.07.2012 :-Buy around 52700 stop loss 52340 target-53050-53400 ranges.
CRUDE CALL 18.07.2012
CRUDE OIL 18.07.2012: -SELL Crude Oil between 4945 – 4955, SL- 4980, Target - 4885/4855
GOLD CALL18.07.2012
GOLD 18.07.2012 Sell Gold between 29380 - 29400, SL-29515, Target - 29225/29180 & BUYER HOLD GOLD BUY POSITION.......
Tuesday, July 17, 2012
SILVER CALL 17.06.2012
Silver 17.06.2012:- Buy around 52500 stop loss 52240 target-52950-53200 ranges
Monday, July 16, 2012
NICKEL & ALL METAL CALLS 16.07.2012
Zinc 16.07.2012 Sell below 103.2 stop loss 104 target-102.7-102.10 ranges.
Lead 16.07.2012 Buy around 103.80 stop loss 102.90 target- 104.4-104.90 ranges.
Nickel 16.07.2012 Buy above 901 stop loss 892 target- 912-917 ranges.
Lead 16.07.2012 Buy around 103.80 stop loss 102.90 target- 104.4-104.90 ranges.
Nickel 16.07.2012 Buy above 901 stop loss 892 target- 912-917 ranges.
SILVER CALL 16.07.2012
Silver 16.07.2012:- Sell below 52800 stop loss 53240 target-52450-52200 ranges.
GOLD CALL 16.07.2012
GOLD 16.07.2012:- Sell MCX August Gold between 29345 - 29395, SL-29515, Target - 29200/29180
CRUDE OIL CALL 16.07.2012
CRUDE OIL 16.07.2012 :- Buy Crude Oil between 4710 – 4725, SL-4640, Target - 4825/4850/4875
NEAL BHAI
NEAL BHAI
Saturday, July 14, 2012
CRUDE OIL Weekly Technical Report 16.07.2012 TO 20.07.2012
MCX Crude July as seen in the weekly chart above has opened at 4745 levels initially moved sharply lower, but found good support at 4692 levels. Later prices rallied sharply towards 4818 levels and finally closed higher from the previous weeks closing levels.
For the next week we expect Crude prices to find support at 4750-4730 levels. Trading consistently below 4730 levels would lead towards the strong support at 4654 levels. Multiple closing below 4650 levels would indicate that the previous rally has come to end and thereby new leg down can be expected initially towards 4575 and then finally towards the major support at 4475 levels.
Resistance is now observed at 4870-4890 levels. Trading consistently above 4895 levels would extend the previous rally initially towards 4955 levels, then 5046 and then finally towards the Major resistance at 5100 levels. (NEAL BHAI)
For the next week we expect Crude prices to find support at 4750-4730 levels. Trading consistently below 4730 levels would lead towards the strong support at 4654 levels. Multiple closing below 4650 levels would indicate that the previous rally has come to end and thereby new leg down can be expected initially towards 4575 and then finally towards the major support at 4475 levels.
Resistance is now observed at 4870-4890 levels. Trading consistently above 4895 levels would extend the previous rally initially towards 4955 levels, then 5046 and then finally towards the Major resistance at 5100 levels. (NEAL BHAI)
COPPER Weekly Technical Report 16.07.2012 TO 20.07.2012
MCX Copper August as seen in the weekly chart above has opened at 424.50 levels initially moved sharply higher and as expected found resistance at 426.40 levels. Later prices fell sharply lower towards 417.55 levels and finally closed higher from the previous weeks closing levels.
For the next week we expect Copper prices to find strong support in the range of 421-419 levels. Multiple closing below 418 levels would indicate that a short term top has been posted and thereby major decline can be expected initially towards 410.25 and then finally towards 402.05 levels.
Strong Resistance is now observed in the range of 429-432 levels. Multiple closing above 432 levels would indicate that a short term bottom has been posted and thereby new leg up can be expected initially towards 440 then 446 and then finally towards the major resistance at 453 levels. (NEAL BHAI)
For the next week we expect Copper prices to find strong support in the range of 421-419 levels. Multiple closing below 418 levels would indicate that a short term top has been posted and thereby major decline can be expected initially towards 410.25 and then finally towards 402.05 levels.
Strong Resistance is now observed in the range of 429-432 levels. Multiple closing above 432 levels would indicate that a short term bottom has been posted and thereby new leg up can be expected initially towards 440 then 446 and then finally towards the major resistance at 453 levels. (NEAL BHAI)
SILVER Technical Report 16.07.2012 TO 20.07.2012
MCX Silver September as seen in the weekly chart above has opened at 53,260 levels initially moved sharply higher, but found resistance at 53,580 levels. Later prices fell sharply towards 52,202 levels and finally closed lower from the previous weeks closing levels.
For the next week we expect Silver prices to find support in the range of 52,200-52,100 levels. Trading consistently below 52,080 levels would trigger a sharp correction initially towards 51,500 levels and then finally towards the major support at 50,880 levels.
Resistance is now observed in the range of 52,950-53,050 levels. Trading consistently above 53,060 levels would lead towards the strong resistance at 53,490 levels. Multiple closing above 53,500 levels would indicate that a short term bottom has been posted and thereby new rally can be expected initially towards 54,225 and then finally towards the major Resistance at 56,200 levels. (NEAL BHAI)
For the next week we expect Silver prices to find support in the range of 52,200-52,100 levels. Trading consistently below 52,080 levels would trigger a sharp correction initially towards 51,500 levels and then finally towards the major support at 50,880 levels.
Resistance is now observed in the range of 52,950-53,050 levels. Trading consistently above 53,060 levels would lead towards the strong resistance at 53,490 levels. Multiple closing above 53,500 levels would indicate that a short term bottom has been posted and thereby new rally can be expected initially towards 54,225 and then finally towards the major Resistance at 56,200 levels. (NEAL BHAI)
GOLD Weekly Technical Report 16.07.2012 TO 20.07.2012
MCX Gold August as seen in the weekly chart above has opened at 29,603 initially made a high of 29,680 levels and then fell sharply lower, but found good support at 29,161 levels. Later prices recovered sharply towards 29,360 levels and finally closed lower from the previous weeks closing levels.
For the next week we expect gold prices to find Support at 29,060 – 29,030 levels and further below strong support is seen at 28,860-28,820 levels. Trading consistently below 28,820 levels would trigger sharp correction initially towards 28,752, then 28,584 and then finally towards the major support at 28,250 levels.
Resistance is now seen at 29,360-29,400 levels. Trading consistently above 29,400 levels would lead towards the strong resistance at 29,580 levels. Multiple closing above 29,600 levels would indicate that a short term bottom has been posted and thereby new leg up can be expected initially towards 29,890 then 30,150 and then finally towards the Major resistance at 30,430 levels. (NEAL BHAI)
For the next week we expect gold prices to find Support at 29,060 – 29,030 levels and further below strong support is seen at 28,860-28,820 levels. Trading consistently below 28,820 levels would trigger sharp correction initially towards 28,752, then 28,584 and then finally towards the major support at 28,250 levels.
Resistance is now seen at 29,360-29,400 levels. Trading consistently above 29,400 levels would lead towards the strong resistance at 29,580 levels. Multiple closing above 29,600 levels would indicate that a short term bottom has been posted and thereby new leg up can be expected initially towards 29,890 then 30,150 and then finally towards the Major resistance at 30,430 levels. (NEAL BHAI)
Friday, July 13, 2012
COPPER CALL 13.07.2012
COPPER 13.07.2012:- Buy Copper between 421.20-420.10, SL-418, Target -425-427-429 (NEAL BHAI)
SILVER CALL 13.07.2012
SILVER 13.07.2012 :- Buy Silver between 52800-52900, SL-52350 TARGET 53000-53250-53450 (NEAL BHAI)
Thursday, July 12, 2012
CRUDE & NATURAL GAS CALL 12.07.2012
Crude Oil 12.07.2012:- Sell below 4770 stop loss 4810 target-4740-4710 ranges.
Natural Gas 12.07.2012:- Buy around 155 stop loss 152.8 targets-158- 160 ranges.
Natural Gas 12.07.2012:- Buy around 155 stop loss 152.8 targets-158- 160 ranges.
COPPER & ALL METALS
Copper 12.07.2012:- Buy around 422 stop loss 420.00 target- 424.6-426.5 ranges.
Zinc 12.07.2012:- Buy around 102.7 stop loss 101.8 target-103.2-103.70 ranges.
Lead 12.07.2012:- Buy around 103.80 stop loss 102.90 target- 104.4-104.90 ranges.
Nickel 12.07.2012:- Buy around 900 stop loss 890 target- 910-915 ranges.
Zinc 12.07.2012:- Buy around 102.7 stop loss 101.8 target-103.2-103.70 ranges.
Lead 12.07.2012:- Buy around 103.80 stop loss 102.90 target- 104.4-104.90 ranges.
Nickel 12.07.2012:- Buy around 900 stop loss 890 target- 910-915 ranges.
GOLD CALL 12.07.2012
GOLD 12.07.2012:- Sell MCX Gold between 29345 - 29400, SL-29395, Target - 29250/29175
GOLD NEWS UPDATES 12.07.2012
GOLD NEWS UPDATES 12.07.2012:- SINGAPORE: Spot gold firmed on Wednesday after posting its biggest one-day decline since late June, but gains are expected to be reined in as the dollar continues to outstrip bullion as the preferred destination for safety amid a grim economic outlook.
Gold has been under pressure with the greenback rising 2 percent against a basket of currencies so far this month, in contrast to a 3-percent drop in the euro as the bloc is still deep in its struggle to contain an intractable debt crisis.
In addition, an uncertainty over whether the US Federal Reserve will launch a third round of quantitative easing (QE3) is underpinning the dollar, keeping gold bulls on edge.
"Gold will probably remain rangebound. Without QE3, the pressure on the upside stays," said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong, adding he saw it trading in a range of $1,550-$1,600.
Fung said there was fresh buying interest from China on gold's slide overnight and that most investors were likely to stick to a buy-on-dips and sell-on-the-rally strategy as prices drift without a clear direction.
Spot gold gained half a percent to $1,575.74 an ounce by 0635 GMT, after losing 1.4 percent on Tuesday when it touched $1,563.89 -- lowest since June 29.
The US gold futures contract for August delivery edged down 0.2 percent to $1,576.10.
The correlation between the dollar and gold stood at -0.56, indicating the strongest inverse correlation in nearly two months. A reading of -1 suggests a perfect inverse correlation in which one asset rises and the other declines.
Technical analysis suggests spot gold could drop to $1,553 an ounce during the day, Reuters market analyst Wang Tao said.
The physical market was subdued. Some bargain hunters booked materials after prices tumbled in the previous session.
"We saw some buying from India, as well as locally, after prices dropped some $30 yesterday," said Peter Tse, director at ScotiaMocatta in Hong Kong.
A weak euro restricted gains in gold prices. The single currency struggled near a two-year low, as investors await verdict from Germany's top court on whether Europe's new bailout scheme and budget rules are compatible with national law.
Euro zone finance ministers failed to agree on a final figure for aid to ailing Spanish banks, although the European Union has set aside 30 billion euros to be available by the end of July if there is an urgent need.
Other precious metals staged a slight rebound. Spot silver rose 0.6 percent to $26.99 after falling 2 percent in the previous session.
Spot platinum pulled back from a 1-1/2-week low of $1,415.33 hit in the previous session to trade at $1,422.50
Gold has been under pressure with the greenback rising 2 percent against a basket of currencies so far this month, in contrast to a 3-percent drop in the euro as the bloc is still deep in its struggle to contain an intractable debt crisis.
In addition, an uncertainty over whether the US Federal Reserve will launch a third round of quantitative easing (QE3) is underpinning the dollar, keeping gold bulls on edge.
"Gold will probably remain rangebound. Without QE3, the pressure on the upside stays," said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong, adding he saw it trading in a range of $1,550-$1,600.
Fung said there was fresh buying interest from China on gold's slide overnight and that most investors were likely to stick to a buy-on-dips and sell-on-the-rally strategy as prices drift without a clear direction.
Spot gold gained half a percent to $1,575.74 an ounce by 0635 GMT, after losing 1.4 percent on Tuesday when it touched $1,563.89 -- lowest since June 29.
The US gold futures contract for August delivery edged down 0.2 percent to $1,576.10.
The correlation between the dollar and gold stood at -0.56, indicating the strongest inverse correlation in nearly two months. A reading of -1 suggests a perfect inverse correlation in which one asset rises and the other declines.
Technical analysis suggests spot gold could drop to $1,553 an ounce during the day, Reuters market analyst Wang Tao said.
The physical market was subdued. Some bargain hunters booked materials after prices tumbled in the previous session.
"We saw some buying from India, as well as locally, after prices dropped some $30 yesterday," said Peter Tse, director at ScotiaMocatta in Hong Kong.
A weak euro restricted gains in gold prices. The single currency struggled near a two-year low, as investors await verdict from Germany's top court on whether Europe's new bailout scheme and budget rules are compatible with national law.
Euro zone finance ministers failed to agree on a final figure for aid to ailing Spanish banks, although the European Union has set aside 30 billion euros to be available by the end of July if there is an urgent need.
Other precious metals staged a slight rebound. Spot silver rose 0.6 percent to $26.99 after falling 2 percent in the previous session.
Spot platinum pulled back from a 1-1/2-week low of $1,415.33 hit in the previous session to trade at $1,422.50
Wednesday, July 11, 2012
True Commodities (NEAL BHAI 9999974733): MCX COMMODITIE CALLS BEFOR MARKET OPEN, BEFOR 10....
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MCX COMMODITIE CALLS BEFOR MARKET OPEN, BEFOR 10.00am
FREE FREE FREE ALL COMMODITIE CALLS BEFOR MARKET OPEN, BEFOR 10.00am WATCH AND TRADE NEAL BHAI ALL CALLS.. JUST OR JUST FOLLOW AND RECEIVE MY ALL CALLS ON YOUR E-MAIL FOLLOW ME EVERY WERE, FACE BOOK, TWITTER, GOOGLE SARCH ENGINE, JUST TYPE MY CELL NO. "9999974733" or " NEAL BHAI" AND WATCH MY ALL CALLS BEFORE MARKET WITH 90% ACURACY...... (NEAL BHAI 9999974733)
COPPER & ALL METAL CALLS 11.07.2012
Copper 11.07.2012 :- Sell below 417.8 stop loss 421.90 target- 414.6-412.5 ranges.
Zinc 11.07.2012:- Buy around 102.5 stop loss 101.8 target-103-103.70 ranges.
Lead 11.07.2012:- Buy around 103.50 stop loss 102.90 target- 104-104.60 ranges.
Nickel 11.07.2012:- Sell below 897 stop loss 910 target- 890-885 ranges.
Zinc 11.07.2012:- Buy around 102.5 stop loss 101.8 target-103-103.70 ranges.
Lead 11.07.2012:- Buy around 103.50 stop loss 102.90 target- 104-104.60 ranges.
Nickel 11.07.2012:- Sell below 897 stop loss 910 target- 890-885 ranges.
NATURAL GAS 11.07.2012
Natural Gas 11.07.2012 Buy around 155 stop loss 152.8 targets-158- 160 ranges.
SILVER CALL 11.07.2012
Silver 11.07.2012:- Sell below 52950 stop loss 53340 target-52450-52200 ranges.
GOLD CALL 11.07.2012
Gold 11.07.2012 :- Sell around 29490 stop loss 29540 target-29430-29350 ranges.
CRUDE OIL CALL 11.07.2012
CRUDE OIL 11.07.2012:- Sell Crude oil between 4775 - 4785, SL- 4837, Target - 4710/4680
Tuesday, July 10, 2012
COPPER & ALL METALS CALL 10.07.2012
Copper 10.07.2012:- Buy around 425 stop loss 421.90 target- 427.6-429.5 ranges.
Zinc 10.07.2012:- Buy around 103.5 stop loss 102.8 target-104-104.60 ranges.
Lead 10.07.2012:- Buy around 104.50 stop loss 103.90 target- 105-105.60 ranges.
Nickel 10.07.2012:- Sell below 922 stop loss 933 target- 912-905 ranges.
Zinc 10.07.2012:- Buy around 103.5 stop loss 102.8 target-104-104.60 ranges.
Lead 10.07.2012:- Buy around 104.50 stop loss 103.90 target- 105-105.60 ranges.
Nickel 10.07.2012:- Sell below 922 stop loss 933 target- 912-905 ranges.
CRUDE OIL & NATURAL GAS CALL 10.07.2012
Crude Oil 10.07.2012:- Buy above 4815 stop loss 4780 target-4856-4880 ranges.
Natural Gas 10.07.2012 Buy above 162.20 stop loss 159 targets-165- 167 ranges.
Natural Gas 10.07.2012 Buy above 162.20 stop loss 159 targets-165- 167 ranges.
SILVER CALL 10.07.2012
Silver 10.07.2012:- Buy above 53605 stop loss 53340 target-54020-54400 ranges.
gold news 10.07.2012
• Gold drifted higher in quiet trade on Monday, lifted by
bargain hunting after the previous session's sharp drop,
benign inflation data from China and higher commodity
prices.
• The metal's inflation-hedge appeal increased as U.S.
soybean futures surged to a record high and corn rallied
due to fears that severe dry conditions in the U.S.
Midwest could lead to rising commodity inflation. Rising
crude oil prices and a weaker dollar also boosted gold.
• Also underpinning bullion was Chinese data showing
the inflation rate undershot expectations in June,
signaling more room by China's central bank to ease
monetary policy to stave off a slowdown.
• Gold dropped 1.5 percent on Friday after weak U.S.
jobs data failed to raise hopes that the Federal Reserve
will embark on a third round of asset-buying program.
• China's annual consumer inflation eased more than
expected to 2.2 percent in June from 3.0 percent in
May, creating more room for the central bank to ease
policy to bolster economic growth
bargain hunting after the previous session's sharp drop,
benign inflation data from China and higher commodity
prices.
• The metal's inflation-hedge appeal increased as U.S.
soybean futures surged to a record high and corn rallied
due to fears that severe dry conditions in the U.S.
Midwest could lead to rising commodity inflation. Rising
crude oil prices and a weaker dollar also boosted gold.
• Also underpinning bullion was Chinese data showing
the inflation rate undershot expectations in June,
signaling more room by China's central bank to ease
monetary policy to stave off a slowdown.
• Gold dropped 1.5 percent on Friday after weak U.S.
jobs data failed to raise hopes that the Federal Reserve
will embark on a third round of asset-buying program.
• China's annual consumer inflation eased more than
expected to 2.2 percent in June from 3.0 percent in
May, creating more room for the central bank to ease
policy to bolster economic growth
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