Thursday, August 13, 2009
Technical View 130809
MCX Gold : Gold traded on upside with Least gains among all commodity , the view Still remains Same Sell on sell rise, Immediate Reistance to gold is Seen at 14980 & 15050 . A Closing above Same Would reverse the trend
Trend Analysis : Range bound
Comex Gold : Currently trading Near crucial level of 955 $ , abv 962 Would make intraday bias as neutral and above 972 $ would change The trend to Postive. till than Sell on Rise For Possible lower targets of 920 $
Trend Analysis : Range bound
MCX Silver : Silver moved up above the crucial Resistance of 23092 as given in Yesterday post and achived next target of 23400, Above 23550 Would open upside targets of 23800 & 24150
Trend Analysis : Bullish
Comex silver : Silver Crossed crucial reistance of 1500 and is headed for next Possible target of 1560 with intermediate resistance Seen at 1523. Trend Reversal seen if manges to close below 1460
Trend Analysis : Bullish
Energies
MCX Crudeoil : Crudeoil is trading above the crucial Resistance of 3432 , A close abv same would open upside Possible targets of 3510-3555
Trend Analysis : Range Bound
NYMEX Crudeoil : above 7145 Crude oil could try test the Nest resistance level of 72.6. Multiple Resistance is Seen between 72.6 & 73.40 . A Close above Same would mean opening Next possibel upside target of 75.60--78.3
Range 72.05 $ --69.00 $ ( Break of any side Fresh Move Expected)
Trend Analysis : Range Bound
MCX Natural gas : Strong Support near 168 below Which Can open trgts as low as 152 .
On the upside has Strong Resistance at 178—181-188 Levls . till time trading below 178 trend is Downwards with risk of 168 to be broken anytime . Above 178 trend neutral and Above 192 Trend Bullish
Trend analysis : Near Supports/ Downward
Natural Gas : NG has been Trading inside a parallel Range Since last few Days , Break on any Side Could give a Fresh Move on any side , On upside 4.200 is very Importnat Reistance a Close above Same would Mean that the trend has Reversed and Now its Buy on Dips opening as upside trgt of 5.40$ and 7$ For Medium term As If Now . On Downisde Supports are near 3.882$--3.460--3.165$ , A close below 3.165 % would Mean that the correction is still on and Could try hit the new Possible Downside trgt of 2.41$
Base metals levels
CommdityS1 S2 R1 R2 Pivot
Copper 304 299.5 304.7 309 302.8
Nickel 912 927.5 976 1024 963
Lead 89.2 89.75 91.1 92.5 90
zinc 88.30 90.05 91.65 92.85 90.35
Trend Analysis : Range bound
Comex Gold : Currently trading Near crucial level of 955 $ , abv 962 Would make intraday bias as neutral and above 972 $ would change The trend to Postive. till than Sell on Rise For Possible lower targets of 920 $
Trend Analysis : Range bound
MCX Silver : Silver moved up above the crucial Resistance of 23092 as given in Yesterday post and achived next target of 23400, Above 23550 Would open upside targets of 23800 & 24150
Trend Analysis : Bullish
Comex silver : Silver Crossed crucial reistance of 1500 and is headed for next Possible target of 1560 with intermediate resistance Seen at 1523. Trend Reversal seen if manges to close below 1460
Trend Analysis : Bullish
Energies
MCX Crudeoil : Crudeoil is trading above the crucial Resistance of 3432 , A close abv same would open upside Possible targets of 3510-3555
Trend Analysis : Range Bound
NYMEX Crudeoil : above 7145 Crude oil could try test the Nest resistance level of 72.6. Multiple Resistance is Seen between 72.6 & 73.40 . A Close above Same would mean opening Next possibel upside target of 75.60--78.3
Range 72.05 $ --69.00 $ ( Break of any side Fresh Move Expected)
Trend Analysis : Range Bound
MCX Natural gas : Strong Support near 168 below Which Can open trgts as low as 152 .
On the upside has Strong Resistance at 178—181-188 Levls . till time trading below 178 trend is Downwards with risk of 168 to be broken anytime . Above 178 trend neutral and Above 192 Trend Bullish
Trend analysis : Near Supports/ Downward
Natural Gas : NG has been Trading inside a parallel Range Since last few Days , Break on any Side Could give a Fresh Move on any side , On upside 4.200 is very Importnat Reistance a Close above Same would Mean that the trend has Reversed and Now its Buy on Dips opening as upside trgt of 5.40$ and 7$ For Medium term As If Now . On Downisde Supports are near 3.882$--3.460--3.165$ , A close below 3.165 % would Mean that the correction is still on and Could try hit the new Possible Downside trgt of 2.41$
Base metals levels
CommdityS1 S2 R1 R2 Pivot
Copper 304 299.5 304.7 309 302.8
Nickel 912 927.5 976 1024 963
Lead 89.2 89.75 91.1 92.5 90
zinc 88.30 90.05 91.65 92.85 90.35
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