Crude Technical Analysis 13th July 2009

Crude possiblity of Small pull back . Check out chart for the upper resistance in near zone

Note : Reco open on Crude BTST :: Booked half and Moved SL below Cost

Crude Technical Analysis 10th July 2009

Crude Technical Analysis 9th July 2009

Crude Chart 15-min , Loads of Buy / Sell Reversals indicated in Short Span of time . Suggesting bears Might be Looseing Strength or Some profit Booking & Consolidation before Next move

Expecting a Good Move upto 62.8 if manges to Cross 60.6 Before making New Low

Note :: Chart is Updated For Educational purpose to Explain Few Technical terms And Shouldnt be Taken as a trading Recommendation

Silver Technical Analysis 8th July 2009

Silver Currently trading at 12.95 $ , had broken the important medium downward Trend line coming up from the recent lows of 8.44 $. The break-down level was 13.25$--13.35$ . On Daily Charts after closing taking Support at 12.97$ the Short term Support it Reversed back to Re test the Support which was broken and it acted as String resistance. Breaking below 12.97$ again . The Yellow trend line on Chart is Medium term trend line & Red Horizontal Line Shows the 12.97 $ Support
Looking at Intraday 15 Min Charts , a Evening Star & gravestone Doji Were Clearly visible , Signally that its Facing Strong Resistance at 13.15 $ levels and Inviting Fresh Shorts

A Close below 12.97$ Would Initiate further selling pressure Which Could drag Down the prices to 12.68$--12.54$--12.25$ Over Next few Days--week

Gold Technical Analysis 8th july 2009

Gold has been trading Sideways to lower Range In a descending bearish triangle , For past couple of Days . Comex Gold is Finding Support at 920$ , While Facing Stiff Resistance at 934$ & 945 $ Levels, We Expecting Gold to Move Downwards today breaking the Support of 920$ below Which could test 915 $---902 $ , Those holding postional Shorts May maintain 935$ as SL for 4 Hour Closing basis

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