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.
Monday, July 9, 2012
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.
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