SILVER 30.07.2012:- Buy Silver between 53165- 53250, SL-52900, Target -53450/53650/53950 (NEAL BHAI)
Monday, July 30, 2012
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....
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)
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
COMMODITIE NEWS 10.07.2012
COMMODITIE NEWS 10.07.2012:- It's not hard to find bearish views on the steel industry, given renewed recession in Europe and slower growth in China, but these seem in contrast to the resilience in the iron ore market.
China's steel production and consumption is maturing and unlikely to witness rapid growth in the future, while Europe's steel industry is in terminal decline and three-quarters of its capacity may be shut in the next two decades, Wolfgang Eder, the head of European steel body EuroFer said recently .
Views such as Eder's are becoming more widespread and there is much more talk of "peak steel" , when demand reaches a plateau, most likely leading to excess capacity and declining prices for both steel and its main raw material , iron ore.
Peak steel is premised more on a limit to demand growth as opposed to the largely discredited peak oil theory, which postulated that supply would be unable to keep up with consumption. But, as with the peak oil theory, peak steel has its weaknesses, assuming no technological progress and no ability of suppliers to respond to slower demand growth.
It is logical to assume that China won't continue to post double-digit growth in both iron ore imports and steel production indefinitely, but given the high rates of the past decade, even small increases in percentage terms result in large changes in actual volumes. It is probably this dynamic that has underpinned the iron ore market so far this year.
Spot iron ore in Asia is down only 2.5% in year-to-date terms at $135.10 a tonne, compared with a drop of 8.5% for Brent oil and 6% for the Thomson Reuters-Jefferies CRB Index.
On the face of it, it doesn't appear to make much sense that iron ore is outperforming crude at a time of slowing world growth, led by concerns over the state of China, while at the same time oil demand remains in positive territory and there are significant geopolitical risks over Iranian supplies.
However, China's economic slowing has yet to translate to steel output, which is still hovering around 2 million tonne a day, a level that has been fairly constant since April and is well above the levels just under 1.7 million tonne a day that prevailed for the first two months of the 2012.
Iron ore imports are up 8.9% in the first five months of 2012 over the same period last year, on track to comfortably beat the estimate of 6% full-year growth made by analysts in a Reuters survey in December. If the pace of imports continues, China will bring in 740 million tonne of iron ore in 2012. Even if imports slacken back to 6% growth by the end of the year, China will still buy 728 million tonne of the raw material.
The lower import figure still results in average monthly imports of 59.9 million tonne for the Juneto-December period, not far below the 61.7 million tonne achieved in the first five months.
(NEAL BHAI 9999974733)
China's steel production and consumption is maturing and unlikely to witness rapid growth in the future, while Europe's steel industry is in terminal decline and three-quarters of its capacity may be shut in the next two decades, Wolfgang Eder, the head of European steel body EuroFer said recently .
Views such as Eder's are becoming more widespread and there is much more talk of "peak steel" , when demand reaches a plateau, most likely leading to excess capacity and declining prices for both steel and its main raw material , iron ore.
Peak steel is premised more on a limit to demand growth as opposed to the largely discredited peak oil theory, which postulated that supply would be unable to keep up with consumption. But, as with the peak oil theory, peak steel has its weaknesses, assuming no technological progress and no ability of suppliers to respond to slower demand growth.
It is logical to assume that China won't continue to post double-digit growth in both iron ore imports and steel production indefinitely, but given the high rates of the past decade, even small increases in percentage terms result in large changes in actual volumes. It is probably this dynamic that has underpinned the iron ore market so far this year.
Spot iron ore in Asia is down only 2.5% in year-to-date terms at $135.10 a tonne, compared with a drop of 8.5% for Brent oil and 6% for the Thomson Reuters-Jefferies CRB Index.
On the face of it, it doesn't appear to make much sense that iron ore is outperforming crude at a time of slowing world growth, led by concerns over the state of China, while at the same time oil demand remains in positive territory and there are significant geopolitical risks over Iranian supplies.
However, China's economic slowing has yet to translate to steel output, which is still hovering around 2 million tonne a day, a level that has been fairly constant since April and is well above the levels just under 1.7 million tonne a day that prevailed for the first two months of the 2012.
Iron ore imports are up 8.9% in the first five months of 2012 over the same period last year, on track to comfortably beat the estimate of 6% full-year growth made by analysts in a Reuters survey in December. If the pace of imports continues, China will bring in 740 million tonne of iron ore in 2012. Even if imports slacken back to 6% growth by the end of the year, China will still buy 728 million tonne of the raw material.
The lower import figure still results in average monthly imports of 59.9 million tonne for the Juneto-December period, not far below the 61.7 million tonne achieved in the first five months.
(NEAL BHAI 9999974733)
Monday, July 9, 2012
CRUDE & NG CALLS 09.07.2012
CRUDE OIL 09.07.2012:- Sell below 4740 stop loss 4780 target-4700-4680 ranges.
N.G. 09.07.2012:- Sell around 158.50 stop loss 162 targets-155- 152 ranges.
N.G. 09.07.2012:- Sell around 158.50 stop loss 162 targets-155- 152 ranges.
COPPER & ALL METALS CALL 09.07.2012
COPPER 09.07.2012 :- Sell below 425 stop loss 427.90 target- 422.6- 420.5 ranges.
ZINC 09.07.2012 :- Buy above103.4 stop loss 102.8 target-104- 104.60 ranges.
LEAD 09.07.2012 :- Buy around 103.80 stop loss 103.20 target- 104.6-105.00 ranges.
NICKEL 09.07.2012 :- Sell below 922 stop loss 933 target- 912-905 ranges.
ZINC 09.07.2012 :- Buy above103.4 stop loss 102.8 target-104- 104.60 ranges.
LEAD 09.07.2012 :- Buy around 103.80 stop loss 103.20 target- 104.6-105.00 ranges.
NICKEL 09.07.2012 :- Sell below 922 stop loss 933 target- 912-905 ranges.
GOLD AND & SILVER CALLS 09.07.2012
GOLD:- 09.07.2012 Sell below 29660 stop loss 29750 target-29580- 29510 ranges.
SILVER 09.07.2012 Sell below 52980 stop loss 53480 target-52620- 52400 ranges.
SILVER 09.07.2012 Sell below 52980 stop loss 53480 target-52620- 52400 ranges.
CRUDE WEEKLY CHART 09.07.2012 TO 13.07.2012
MCX Crude July as seen in the weekly chart above has opened at 4686 levels initially moved sharply lower, but found good support at 4578 levels. Later prices rallied sharply towards 4899 levels and finally closed higher from the previous weeks closing levels.
For the next week we expect Crude prices to find support at 4575-4555 levels. Trading consistently below 4550 levels would lead towards the strong support at 4415 levels. Multiple closing below 4415 levels would indicate that the previous rally has come to end and thereby new leg down can be expected initially towards 4325 and then finally towards the major support at 4220 levels.
Resistance is now observed at 4775-4785 levels. Trading consistently above 4790 levels would renew the previous rally initially towards 4930 levels, then 4995 and then finally towards the Major resistance at 5056 levels.
For the next week we expect Crude prices to find support at 4575-4555 levels. Trading consistently below 4550 levels would lead towards the strong support at 4415 levels. Multiple closing below 4415 levels would indicate that the previous rally has come to end and thereby new leg down can be expected initially towards 4325 and then finally towards the major support at 4220 levels.
Resistance is now observed at 4775-4785 levels. Trading consistently above 4790 levels would renew the previous rally initially towards 4930 levels, then 4995 and then finally towards the Major resistance at 5056 levels.
COPPER WEEKLY REPORT 09.07.2012 TO 13.07.2012
MCX Copper August as seen in the weekly chart above has opened at 428.80 levels initially moved sharply higher, but found resistance at 432.50 levels. Later prices fell sharply towards 423.60 levels and finally closed sharply lower from the previous weeks closing levels.
For the next week we expect Copper prices to find support at 421.50-420.50 levels. Trading consistently below 420.40 would lead towards the strong support at 418 levels. Daily closing below 418 levels would indicate that the current rally has come an end and thereby major decline can be expected initially towards 412.20 and then finally towards 402.10 levels.
Resistance is now observed in the range of 426.50-427 levels. Trading consistently above 427 levels would lead towards the strong resistance at 431 levels. Daily 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 and then finally towards the major resistance at 446 levels.
For the next week we expect Copper prices to find support at 421.50-420.50 levels. Trading consistently below 420.40 would lead towards the strong support at 418 levels. Daily closing below 418 levels would indicate that the current rally has come an end and thereby major decline can be expected initially towards 412.20 and then finally towards 402.10 levels.
Resistance is now observed in the range of 426.50-427 levels. Trading consistently above 427 levels would lead towards the strong resistance at 431 levels. Daily 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 and then finally towards the major resistance at 446 levels.
SILVER WEEKLY REPORT 09.07.2012 TO 13.07.2012
MCX Silver September as seen in the weekly chart above has opened at 53,402 levels initially moved sharply higher, but found resistance at 54,375 levels. Later prices fell sharply towards 52,960 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 52,500-52,400 levels. Trading consistently below 52,400 levels would trigger a sharp correction initially towards 51,700 levels and then finally towards the major support at 50,850 levels.
Resistance is now observed in the range of 53,600-53,700 levels. Trading consistently above 53,700 levels would lead towards the strong resistance at 54,417 levels and then finally towards the major Resistance at 56,100 levels.
For the next week we expect Silver prices to find support in the range of 52,500-52,400 levels. Trading consistently below 52,400 levels would trigger a sharp correction initially towards 51,700 levels and then finally towards the major support at 50,850 levels.
Resistance is now observed in the range of 53,600-53,700 levels. Trading consistently above 53,700 levels would lead towards the strong resistance at 54,417 levels and then finally towards the major Resistance at 56,100 levels.
GOLD WEEKLY REPORT 09.07.2012 TO 13.07.2012
MCX Gold August as seen in the weekly chart above has opened at 29,690 initially moved sharply lower, but found good support at 29,444 levels. Later prices recovered sharply towards 29,836 levels and finally closed lower from the previous weeks closing levels.
For the next week we expect gold prices to find Support at 29,380 – 29,340 levels and further below strong support is seen at 29,140-29,110 levels. Trading consistently below 29,100 levels would trigger sharp correction initially towards 28,836 and then finally towards the major support at 28,480 levels.
Resistance is now seen at 29,820-29,850 levels. Trading consistently above 29,850 levels would lead towards the strong resistance at 30,020 levels. Multiple closing above 30,020 levels would indicate that a short term bottom has been posted and thereby new leg up can be expected initially towards 30,180 then 30480 and then finally towards the Major resistance at 30,850 levels.
For the next week we expect gold prices to find Support at 29,380 – 29,340 levels and further below strong support is seen at 29,140-29,110 levels. Trading consistently below 29,100 levels would trigger sharp correction initially towards 28,836 and then finally towards the major support at 28,480 levels.
Resistance is now seen at 29,820-29,850 levels. Trading consistently above 29,850 levels would lead towards the strong resistance at 30,020 levels. Multiple closing above 30,020 levels would indicate that a short term bottom has been posted and thereby new leg up can be expected initially towards 30,180 then 30480 and then finally towards the Major resistance at 30,850 levels.
Friday, July 6, 2012
COPPER & ALL METALS 06.07.2012
Copper 06.07.2012 Buy around 425.50 stop loss 422.50 target- 428-432 ranges.
Zinc 06.07.2012 Buy above104 stop loss 103.4 target-104.7-105.30 ranges.
Lead 06.07.2012 Buy around 104.50 stop loss 104 target- 105.2-105.70 ranges.
Nickel 06.07.2012 Sell around 935 stop loss 943 target- 928-925 ranges.
Zinc 06.07.2012 Buy above104 stop loss 103.4 target-104.7-105.30 ranges.
Lead 06.07.2012 Buy around 104.50 stop loss 104 target- 105.2-105.70 ranges.
Nickel 06.07.2012 Sell around 935 stop loss 943 target- 928-925 ranges.
CRUDE OIL & NG CALLS 06.07.2012
Crude 06.07.2012 Oil Sell below 4870 stop loss 4910 target-4820-4780 ranges.
Natural Gas 07.06.2012 Sell around 158.50 stop loss 162 targets-155- 152 ranges.
Natural Gas 07.06.2012 Sell around 158.50 stop loss 162 targets-155- 152 ranges.
SILVER CALL 06.07.2012
Silver 06.07.2012 Sell below 53500 stop loss 53880 target-53120-53000 ranges.
Thursday, July 5, 2012
COPPER CALL 05.07.2012
COPPER 05.07.2012 :- Buy around 424.50 stop loss 421.50 target- 427- 429.50 ranges.
GOLD AND SILVER CALL 05.07.2012
GOLD 05.07.2012 Buy above 29640 stop loss 29550 Target-29750-29850 ranges.
SILVER:- Buy above 54030 stop loss 53680 Target-54520- 54800 ranges.
SILVER:- Buy above 54030 stop loss 53680 Target-54520- 54800 ranges.
GOLD MONTHLY UPDATES 05.07.2012
Market Outlook and Fundamental Analysis:
Gold:
Precious metals prices didn’t do much on a monthly scale
even though there were many events and news items that
shifted gold and silver from gains to losses with an unclear
trend.
FOMC decision to extend operation twist and the recent EU
Summit decision to bailout EU banks and tighten the
supervision on them, pulled gold and silver in different
directions. The recent rally of Euro/USD has also played a role
in the recovery of bullion by the end of the month.
Gold and silver zigzagged during June with an unclear trend,
even though by the end of the month both precious metals
have made a big comeback along with the rest of the markets.
During the month, gold rose by 2.56%; silver, unlike gold,
edged down by 0.52%.
Here are several factors that may have contributed to the
decline of gold and silver prices during June:
1. The FOMC decision to extend operation twist
throughout the rest of 2012; this means no QE3 for
now;
2. The concerns over Spanish debt crisis;
3. The testimony of Bernanke on June 8th in which he
cooled down the speculations around another QE
program;
4. The deprecation in major currencies including Euro,
Aussie dollar during parts of the month;
5. The positive news from the U.S economy mainly in
the housing market;
Here are several factors that may have contributed to the rise
of gold and silver during the month:
1. The renewed confidence in the EU after the EU
leaders had decided to offer struggling banks loans
from the rescue fund so that countries such as Spain
won’t have to raise money to bail banks (see below
for more);
2. The rise of the Euro/USD during the first part of the
month;
3. The U.S labor report of June showed a modest gain in
U.S. employment of only 69k; this report is usually
negatively correlated with gold and silver prices (see
below);
4. The ongoing FOMC pledge to keep rates low until
late 2014;
5. The news regarding the contraction in the U.S Philly
Fed Index;
6. The U.S. federal deficit expanded by 124 billion
during May 2012; this expansion raises a bit the
uncertainty level in the market.
The main events of the month will continue to be around
the FOMC and the EU debt crisis. Supported by the
fundamental factors gold prices can recover if the INR
weakens any further from here on.
Gold prices traded in a narrow range during the month of June
and did not show any clarity in the direction. However it can
be owed to the strong support that it faced at a very crucial
level of $1560. After failing to breach this level quite a few
times prices started to rise once again. Supported by the
upward rising RSI prices are expected to move towards the
immediate resistance of $1630 in the international markets.
However in the Indian markets the volatility in the INR is
keeping gold prices away from moving in tandem with the
international prices. Rs 29150 is crucial support level to watch
out for. Prices can sharply rebound from here if supported by
the movement in the Indian currency prices. Prices can move
towards Rs30200 if they fail to breach Rs 29150 in the near
term however a decisive breach of Rs29150 can pull prices
down towards 28300 levels.
Gold:
Precious metals prices didn’t do much on a monthly scale
even though there were many events and news items that
shifted gold and silver from gains to losses with an unclear
trend.
FOMC decision to extend operation twist and the recent EU
Summit decision to bailout EU banks and tighten the
supervision on them, pulled gold and silver in different
directions. The recent rally of Euro/USD has also played a role
in the recovery of bullion by the end of the month.
Gold and silver zigzagged during June with an unclear trend,
even though by the end of the month both precious metals
have made a big comeback along with the rest of the markets.
During the month, gold rose by 2.56%; silver, unlike gold,
edged down by 0.52%.
Here are several factors that may have contributed to the
decline of gold and silver prices during June:
1. The FOMC decision to extend operation twist
throughout the rest of 2012; this means no QE3 for
now;
2. The concerns over Spanish debt crisis;
3. The testimony of Bernanke on June 8th in which he
cooled down the speculations around another QE
program;
4. The deprecation in major currencies including Euro,
Aussie dollar during parts of the month;
5. The positive news from the U.S economy mainly in
the housing market;
Here are several factors that may have contributed to the rise
of gold and silver during the month:
1. The renewed confidence in the EU after the EU
leaders had decided to offer struggling banks loans
from the rescue fund so that countries such as Spain
won’t have to raise money to bail banks (see below
for more);
2. The rise of the Euro/USD during the first part of the
month;
3. The U.S labor report of June showed a modest gain in
U.S. employment of only 69k; this report is usually
negatively correlated with gold and silver prices (see
below);
4. The ongoing FOMC pledge to keep rates low until
late 2014;
5. The news regarding the contraction in the U.S Philly
Fed Index;
6. The U.S. federal deficit expanded by 124 billion
during May 2012; this expansion raises a bit the
uncertainty level in the market.
The main events of the month will continue to be around
the FOMC and the EU debt crisis. Supported by the
fundamental factors gold prices can recover if the INR
weakens any further from here on.
Gold prices traded in a narrow range during the month of June
and did not show any clarity in the direction. However it can
be owed to the strong support that it faced at a very crucial
level of $1560. After failing to breach this level quite a few
times prices started to rise once again. Supported by the
upward rising RSI prices are expected to move towards the
immediate resistance of $1630 in the international markets.
However in the Indian markets the volatility in the INR is
keeping gold prices away from moving in tandem with the
international prices. Rs 29150 is crucial support level to watch
out for. Prices can sharply rebound from here if supported by
the movement in the Indian currency prices. Prices can move
towards Rs30200 if they fail to breach Rs 29150 in the near
term however a decisive breach of Rs29150 can pull prices
down towards 28300 levels.
Wednesday, July 4, 2012
COPPER & ALL METAL CALLS 04.07.2012
Copper 04.07.2012:- Sell below 427.50 stop loss 431.50 target- 422-420 ranges.
Zinc 04.07.2012:- Buy above104.30 stop loss 103.6 target-105.1-105.50 ranges.
Lead 04.07.2012:- Buy around 105 stop loss 104.20 target- 105.7-106 ranges.
Nickel 04.07.2012:- Sell below 935 stop loss 943 target- 928-925 ranges
Zinc 04.07.2012:- Buy above104.30 stop loss 103.6 target-105.1-105.50 ranges.
Lead 04.07.2012:- Buy around 105 stop loss 104.20 target- 105.7-106 ranges.
Nickel 04.07.2012:- Sell below 935 stop loss 943 target- 928-925 ranges
CRUDE OIL CALL 04.07.2012
CRUDE OIL 04.07.2012:- Buy Crude Oil between 4680 - 4720, SL- 4655, Target - 4800/4835/4865
GOLD CALL 04.07.2012
GOLD 04.07.2012:- Sell Gold between 29555 - 29610, SL-29725, Target - 29370/29300/29210
Tuesday, July 3, 2012
LEAD CALL 03.07.2012
Lead 03.07.2012 :- Sell below 103.50 stop loss 104.20 target- 102.7-102 ranges.
COPPER CALL 03.07.2012
COPPER 03.07.2012 :- Sell below 425.50 stop loss 429.50 target- 422-420 ranges.
NATURAL GAS CALL 03.07.2012
NATURAL GAS 03.07.2012:- Sell below 155 stop loss 159 target-151- 149 ranges.
CRUDE OIL CALL 03.07.2012
CRUDE OIL 03.07.2012:- Buy around 4610 stop loss 4570 target-4640-4670 ranges.
SILVER CALL 03.07.2012
SILVER 03.07.2012:- Buy above 53550 stop loss 53200 target-54000- 54500 ranges.
GOLD CALL 03.07.2012
GOLD 03.07.2012:- Buy around 29630 stop loss 29580 target-29700-29750 ranges. (NEAL BHAI)
Monday, July 2, 2012
COPPER CALL 02.07.2012
COPPER 02.07.2012:- Sell below 426.50 stop loss 429.50 target- 423-420 ranges.
SILVER CALL 02.07.2012
SILVER 02.07.2012:- Buy above 53800 stop loss 53400 target-54200- 54500 ranges. (NEAL BHAI)
CRUDE OIL 02.07.2012
CRUDE OIL 02.07.2012:- Buy Crude Oil between 4605 - 4615, SL-
4544, Target - 4710/4750 (NEAL BHAI)
4544, Target - 4710/4750 (NEAL BHAI)
GOLD CALL 02.07.2012
GOLD 02.07.2012:- Sell Gold between 29755 - 29815, SL-29915, Target - 29575/29535
(NEAL BHAI 9999974733)
(NEAL BHAI 9999974733)
CURRENCY UPDATES 02.07.2012
CURRENCY UPDATES 02.07.2012:- The Indian Rupee posted its biggest daily gain in three years
on Friday after the Government confirmed it will not impose
retroactive taxes on foreign investors and as global risk asset
rallied.
The improved global risk environment comes as investors are
growing more hopeful of meaningful policy reforms at home
after Prime Minister Manmohan Singh, a former central bank
governor, took charge of the finance ministry.
The Government released draft rules on Thursday and said
the general anti avoidance rules or GAAR would not apply
retroactively, a big concern for portfolio investors.
Rupee (spot) ended at 55.50 against the previous day closing
of 56.81 and MCXSX futures ended at 56.0550 against the
previous day close of 57.11. (NEAL BHAI)
on Friday after the Government confirmed it will not impose
retroactive taxes on foreign investors and as global risk asset
rallied.
The improved global risk environment comes as investors are
growing more hopeful of meaningful policy reforms at home
after Prime Minister Manmohan Singh, a former central bank
governor, took charge of the finance ministry.
The Government released draft rules on Thursday and said
the general anti avoidance rules or GAAR would not apply
retroactively, a big concern for portfolio investors.
Rupee (spot) ended at 55.50 against the previous day closing
of 56.81 and MCXSX futures ended at 56.0550 against the
previous day close of 57.11. (NEAL BHAI)
GOLD & SILVER NEWS UPDATES 02.07.2012
GOLD & SILVER NEWS UPDATES 02.07.2012 :- Gold today recovered by Rs 65 to Rs 30,125 per 10 grams on retailers buying for the wedding season amid a sharp rally in global markets.
However, silver lacked necessary buying support and fell for the fourth day shedding Rs 50 to Rs 52,900 per kg.
The trading sentiment in gold improved as it recorded the highest jump in four weeks in global markets, climbing above $1,600 an ounce, after Europe's leaders took steps to resolve the debt crisis, boosting the outlook for global economic growth.
In New York, gold climbed 3.5 per cent to $1,604.20 an ounce, the biggest gain since June 1.
In addition, some buying for the ongoing marriage season further fuelled the uptrend in gold.
On the domestic front, gold of 99.9 and 99.5 per cent purity recovered by Rs 65 each to Rs 30,125 and Rs 29,925 per 10 grams, respectively. The metal had lost Rs 360 yesterday. However, sovereigns held steady at Rs 24,400 per piece of eight grams.
On the other hand, silver ready remained weak for the fourth straight day and declined by Rs 50 to Rs 52,900 per kg and weekly-based delivery by Rs 75 to Rs 52,050 per kg. The white metal had lost Rs 1,450 in last three sessions.
Meanwhile, silver coins remained steady at Rs 59,000 for buying and Rs 60,000 for selling of 100 pieces.
However, silver lacked necessary buying support and fell for the fourth day shedding Rs 50 to Rs 52,900 per kg.
The trading sentiment in gold improved as it recorded the highest jump in four weeks in global markets, climbing above $1,600 an ounce, after Europe's leaders took steps to resolve the debt crisis, boosting the outlook for global economic growth.
In New York, gold climbed 3.5 per cent to $1,604.20 an ounce, the biggest gain since June 1.
In addition, some buying for the ongoing marriage season further fuelled the uptrend in gold.
On the domestic front, gold of 99.9 and 99.5 per cent purity recovered by Rs 65 each to Rs 30,125 and Rs 29,925 per 10 grams, respectively. The metal had lost Rs 360 yesterday. However, sovereigns held steady at Rs 24,400 per piece of eight grams.
On the other hand, silver ready remained weak for the fourth straight day and declined by Rs 50 to Rs 52,900 per kg and weekly-based delivery by Rs 75 to Rs 52,050 per kg. The white metal had lost Rs 1,450 in last three sessions.
Meanwhile, silver coins remained steady at Rs 59,000 for buying and Rs 60,000 for selling of 100 pieces.
Subscribe to:
Comments (Atom)