Crude Technical Analysis 7th July 2009

Crude Oil Intraday has made Dragon Fly doji , Intraday players Can take Long with SL below that


MCX traders SL at 3050

Gold Technical Analysis 6th July 2009

Gold for past 3 Weeks has been trading in small range of 920 -945 $ . Looking at the weekly charts it has formed a lowertop and bearish Candlestick pattern -- the harami Which is a Strong short term Reversal pattern . At Same time the Momentum trend Line From 681$--to Recent High of 1007 $ is giving Supports at 922 $ , Currently it has Breached Same in intraday . A Close Below 913 on weekly Basis would Confirm the Breach and Could Open possible Downside trgts of 902 ( Interim Good Support) & below that 888 $ . Postional traders Can Look to Short gold at Current Levels With Nearest SL at 938$ & safe one being at 946$

Gold Technical Analysis 6th July2009

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Natural Gas Technical Analysis 2nd July 2009

Natural Gas After Breaking down , Re tested the Breakdown trendline , Look at the yellow trendline , it Indicates that the short term bearish view continues , but Same time at lows a Hammer has been Formed , So would Recommed Clients to go Long again abv the Trendline and Consider the break Down As whipsaw & same time if breaks the Low than its a Confirmed breakdown with volumes also Supporting same

MCx traders who are Long maintain 179 as SL and those who are short maintain 186 Trailling SL

Personally i am On bearish view and would prefer to Remian Short below 186 . A Close above Same would get the Commodity in netural Zone and close abv 194 would Reopen bullish Scene..

Crude Oil Technical Analysis 1st July 2009

Crude oil could be heading Down For Much lower trgts if breaks the Neckline at 68.75 Zone with volumes and trades below that a day More,

Possible Downward trgts -- height of head 1.e 5 $ ..So we Could see Crude Coming Down to 63.5 Levels In coming Days , Maintain SL of 71 On all Shorts For Same

natural gas Technical Analysis 1st July 2009

Natural Gas after Reversing From the short term bottom of 3.255 has been trending in A larger traingle as Indicated in graph, Currently trading at 3.783 Which Is almost Near the lower End of triangle ,

Looking From the onther angel view its been Sideways in a channel for past two week who's Support is also nearby at 3.750 Levels . Natural gas gives lot of whipsaws So as to trade the pattern being on Safe side . If NG breaks 3.715 Level as Indicated it open Downward trgts of 3.570 Which is good 8-10 % down , Looking on the upside it has Strong Resistance at 3.950 & 4.14 Levels a Move past that would Indciate the Recent down Fall has halted From 4.375 and the trend turns to be Netural still traidng inside larger triangle and one has to wait to see which side it gives a fresh breakout

Note : We have a open Reco Postional NG short at 186 MCX price With Sl at 194

Crude Technical Analysis 1st july 2009

Crude Oil Daily Charts : Crude Oil has Been Trading in the range of 73.5 $ --66.5 $ , With Minor Double top at 73.5 but the distance between them is too Small to take a larger view on it , On ther other side its shapeing up in a Ascending trinagle With Supports coming in From upward trendline Drawn and marked with blue arrows, With the Inventory Data Expected today , We Feel On Breach of 68.75 $ Crude will head down again to Re test the Lower End of Range at 66.5 $, While On the upside will Face strong Resisatnce at 72.25 $ and 72.80 $, A Closing above 73.1 $ could bring chance of trend change with it opening new Upside Range of 73$--78$ , A Close Below 66.5 Could open Downward trgts of 63.5--58.9. Further till than trading the Range will be best option Sell On rise & buy on dips Inside the Range

Crude Technical Analysis 30th June 2009

Book 50 % crude Now in range of 3361--65 Those Who all took Short in the Morning at 3375 Levels ,

Crude Technical Analysis 30th June 2009

As the Day Started Clients were Fwded with Short Call on Crude

Postional Sell MCX crude At 3475 SL of 3540

Crude had Formed a bearish candlestick stick pattern of shooting star at top of Chart is indicates a Pause in the uptrend and possiblity of Change in trend , after that We Saw follow up selling and is Now trading at 3430 levels , Have Moved the SL closer to 3510 Now to play safe

Updateing chart So people Every One can understand what actually they are trading

Gold Technical Analysis 29th June 2009

Gold Intraday Charts showing multiple support in the range of 934 $

on breach on if Range traders Can take short below that For possible trgts of 927--925 ,

Above 941 Shorts May get catious , Can do 943--948 again