GOLDTHIS WAS OUR WORDS "as long Support of 13740 & 13475 uptrend seen continue" & SEE PRICE TURN EXACT FROM LOW=13753 & MAKE HIGH=14172. Continue to view as long Support of 13740 uptrend seen continue. book profit on buy abv 13950, fresh buy only abv 14225 S/L 14170 and T/p 14260/towards 14375-400/close above 14400 seen new uprally OR buy ard 13890-900 S/L 13875 and T/p 13960-14000 (any time close above 14225-400bullish while close below 13750/13475/13000/12725/12330/ 11950/11525-420 bearish for medium term)
SILVER
THIS WAS OUR WORDS "as long Support of 18800 & 18525 uptrend seen continue" & SEE PRICE TURN FROM LOW=18915 & MAKE HIGH= 19580. Continue to view as long Support of 18915 uptrend seen continue. for the day buy only abv 19650 S/L 19560 and T/p 19750-800/close above 19650 test 20000 atleast/towards 20400 in coming days OR buy ard 19100-110 S/L 19075 and T/p 19200-19300 (any time close below 18900-525/18000/17375/16925/ 16100/15775 bearish rally while close above 19600/20975/21725 bullish for medium term)
CRUDE
Continue to view, as long support of 1980 chances of bounce back, only below 1980 & 1930 down rally sharp. for the day buy only abv 2085 S/L 2065 and T/p 2110-2150 OR sell below 2010 S/L 2025 and T/p 1990-80/1950/1925/ sustain close below 1925 potential towards 1780-1580 in coming days (now crude need to close above 2320/2650-75/2950 for bullish rally while close below 1925 bearish for medium term)
COPPER
we book profit on sell below 159.5-158.5, for the day sell only below 156 & 155.5 S/L 157.10 and T/p 154.5/152.5/ 150/close below towards 139-40 in coming days OR buy abv 161.5 S/L 160.5 and T/p 163.25/165 (upside strong rally only on close above 174-175/183.5/191.5/197.5/204.5/219/238/ 271 while close below 150.5/144/138.5 bearish for medium term)
MCXARUN
9994500540
U.S. crude futures settled 9 percent lower yesterday, declining on reports of plunging U.S. consumer confidence and home prices that kept concerns about slumping oil demand in focus. Expectation of build up in weekly inventory also influenced the oil prices According to the data, The Standard & Poor's/Case-Shiller index of home prices in 20 cities was down 18.2% in November from a year ago, roughly as expected. The Conference Board's index of consumer confidence fell from 38.6 to 37.7 in January, weaker than expected. Richmond Federal Reserve's regional index of manufacturing improved from -55 to -49 in January, still a sign of contraction. Weak movements in natural gas futures also adversely affected the crude oil movements. Weekly Crude Oil (DWTI January.)
Expecting bullish movements above $44.25; Resistances are $47, $50 and $55. Supports are at $41.70, $39.30, $ 35.50 DWTI (JAN) traded in the range $47.08 - $41.75and closed at $41.58 TECHNICAL OUTLOOK (Intra-day) DGCX Crude (January) - Bullish above $41.73bearish below $41.20MCXARUN9994500540
U.S. gold futures ended lower yesterday after a three-session winning streak, as investors locked in profits after the price of bullion recently rallied based on safe-haven buying amid economic worries and strong investment demand. Weak oil prices also adversely affected the precious metals movements. Oil price dropped more than $4 to below $42 per barrel, triggered profit taking in gold futures. At the same time dollar fell against the euro yesterdays after data showed prices of U.S. single-family homes dropped by a record 18.2 percent in November from a year earlier. According to the data, The Standard & Poor's/Case-Shiller index of home prices in 20 cities was down 18.2% in November from a year ago, roughly as expected. But on Monday gold rose above $900 an ounce to the highest level in more than three months as interest in bullion as a haven from risk and a weaker dollar against the euro supported buying. Fresh investment demand in light of weak world economy also supported the precious metals movements. International spot gold traded in the range $ 906.90- $ 891.50 a Troy Ounce and last quoted at $897.30 Weekly Outlook (DG. OCT.) Gold prices if sustain above 905 is bullish. Resistances are $918, $833, $952 and 988. Supports are at $892, $875, $861. Last day DGCX Gold FEB. Traded in the range $909.30-$894.80and closed at $ 899.80 TECHNICAL OUTLOOK (Intra-day) GOLD (FEB) - Bullish above $ 903 bearish below $ 897
MCXARUN
9994500540
GOLDUS Fed Interest Rate decision schedule today expected at 12.45 night. SINCE PRICE BREAK 13325 WE ANALYSE UPTREND & SEE PRICE NOW. THIS WAS OUR VIEW "close above 13800 towards 14200-300 Range atleast" & SEE HIGH MADE TILL NOW=14214.Continue to view as long Support of 13740 & 13475 uptrend seen continue. for the day buy abv 14150 S/L 14120 and T/p 14185-225/sustain abv towards 14350 and anytime close above 14400 Xpect new uprally for coming weeks OR buy ard 13750-760 S/L 13740 and T/p 13810-860 (any time close above 14200 -400 bullish while close below 13475/ 13000/12725/12330/11950/11525-420 bearish for medium term) SILVERTHIS WAS OUR VIEW "close above 18850 test 19500-600 Range atleast & SEE HIGH REGISTER TILL NOW= 19595. Continue to view as long Support of 18800 & 18525 uptrend seen continue. we book profit on buy abv 19400, for the day buy only abv 19550-600 S/L 19450 and T/p 19750-800/ towards 20000 OR buy ard 18970-980 S/L 18950 and T/p 19075-19175 (any time close below 18525/18000/17375/ 16925/16100/15775 bearish rally while close above 19600/20975/21725 bullish for medium term)
CRUDE
Crude oil Inventory Schedule to release today. Now as long support of 1990 & 1950 some bounce back expected buy uptrend only close above 2320. for the day buy only abv 2155 S/L 2135 and T/p 2180-2230 OR buy ard 1995-2000 S/L 1990 and T/p 2030-40/2080, only sustain below 1990 & 1950 down trend and close below 1930 potential towards 1780 - 1580 in coming days (now crude need to close above 2320/2650-75/ 2950 for bullish rally while close below 1925 bearish for medium term)
COPPER
Now as Long support of 158.5/154 & 151 some bounce back expected. for the day buy abv 163.5 S/L 162.2 and T/p 165-167 OR sell below 158.5 S/L 160 and T/p 156-154.5 (upside strong rally only on close above 174-175/183.5/ 191.5/197.5/204.5/219/238/271 while close below 150.5/144/138.5 bearish for medium term)
MCXARUN
9994500540
GOLD
PRICE TURN EXACT FROM OUR GIVEN LEVELS ON BOTH SIDES. Continue to view as long Support of 13170 & 13000 uptrend seen continue. we book profit on buy abv 13575, fresh buy abv 13550 S/L 13500 and T/p 13625-650/abv towards 13800 and sustain close above 13800 towards 14200-300 Range in coming days OR buy ard 13160-170 S/L 13150 and T/p 13250-300 (any time close above 13650-13800/14400 bullish while close below 13000/12725/12330/11950/ 11525-420 bearish for medium term)
SILVER
Continue to view as long Support of 18275 & 18000 and with close abv 18850 sharp uprally expected. we book profit on buy abv 18450/18650, fresh buy only abv 18750 S/L 18650 and T/p 18850/close above 18850 test 19500-600 Range atleast in coming days OR buy ard 18190-210 S/L 18175 and T/p 18280-18375 (any time close below 18000/17375/16925/16100/15775 bearish rally while close above 18850/ 19475/20975/21725 bullish for medium term)
CRUDE
Crude oil Inventory Schedule to release today. Continue to view as long Resist 2155 & 2255 down trend seen continue. for the day sell below 2065 S/L 2085 and T/p 2040-2015/1990/below towards 1925 and anytime sustain close below 1925 potential towards 1780 & 1580 in coming days OR sell ard 2050-55 S/L 2160 and T/p 2030-2115 (now crude need to close above 2255/2650-75/ 2950 for bullish rally while close below 1925 bearish for medium term)
COPPER
Continue to view, as long Resistance of 166/169.5 & 171.5 down trend seen continue. for the day sell only below 156.5 S/L 157.75 and T/p 155.5/sustain below towards 151.5 OR sell ard 162.4-162.6 S/L 163 and T/p 161.5/160 (upside strong rally only on close above 175/183.5/191.5/197.5/204.5/219/238/ 271 while close below 155.5/151.5/144/ 138.5 bearish for medium term)
MCXARUN
9994500540
Crude oil revolved around $40 a barrel as further evidence emerged of a deepening global slowdown that is crushing demand for fuel. The global oil demand is expected to contract more sharply in 2009 than previously expected, as the deepening economic crisis spreads to the developing world. World oil demand is predicted to fall by 430,000 barrels per day (bpd) in 2009 to 85.43 million bpd, with demand growth in emerging economies falling by more than half compared to 2008. Moreover China in its six-year commodity price rally started in 2002, was expected to release fourth-quarter GDP data this week that economists say will show 7.0% growth, the slowest pace of expansion in nearly a decade for the world's third-biggest economy. Crude oil stocks in the United States, the world's biggest energy consumer, rose by 1.4 million barrels last week, with distillate stocks seen down 1.4 million barrels due to cold winter weather. Gasoline stocks are expected to be up 2.1 million barrels, up 5.1 million barrels from a year ago.
Gold eased but held above $850 an ounce as interest in the metal as a haven from risk supported prices. A combination of underperformance in other assets, fears over economic growth and the falling interest rate environment are all boosting the appeal of gold. On the currency markets, the euro firmed a touch against the dollar amid a spate of bad news from the euro zone economies. European Central Bank President Jean-Claude Trichet played down the threat of deflation as he hinted at further interest rate cuts and dismissed speculation about a euro zone break-up. Trichet said that while the central bank was wary of cutting interest rates too low, policymakers had not said the current 2% setting was the lowest level. Financial turmoil and downgrades to Greece and Spain's credit ratings. The economy is expected to contract by 1.6% this year, twice the 0.8% fall seen in last month's poll, but slightly better than the 1.9% contraction forecast by the European Commission.
Copper dwindled and aluminum slumped to a 5-1/2 year low as news that world's biggest miner BHP Billiton was cutting jobs due to the global recession hit market sentiment. BHP, which until now had set itself apart from other miners by maintaining output, writing off $1.6 billion, as it battles a collapse in commodity prices. Further rise in copper and aluminum stocks also weighed on prices. Aluminum producers have moved towards cutting output but there is so many surpluses metal around in the world that making its way into the warehouses. But the supply cutbacks have so far failed to support metal prices as the market focused on demand, which analysts said had dried up in the last couple of months. Falling base metal prices due to a slump in demand have forced miners to scale-back production and downsize. Consumption in China temporarily cools with most firms having finished their purchases ahead of the Lunar New Year holidays.
MCXARUN
9994500540
GOLD
Our trend reversal level was 13325, see break yesterday and make High=13637 within few hours. Now as long Support of 13170 & 13000 uptrend seen continue. for the day buy abv 13575 S/L 13530 and T/p 13625-650/abv towards 13800 and sustain close above 13800 towards 14200-300 Range in coming days OR buy ard 13310-315 S/L 13300 and T/p 13370-410 (any time close above 13325/13575/13800/14400 bullish while close below 12800-12600/ 12330/11950/11525-420 bearish for medium term)
SILVER
Now as long Support of 18300 & 18000 and with close abv 18850 sharp uprally expected. we book profit on buy abv 18450, fresh buy only abv 18650 S/L 18550 and T/p 18750-850/close above 18850 test 19500-600 Range atleast in coming days OR buy ard 18070-80 S/L 18050 and T/p 18170-18300 (any time close below 18000/17375/16925/16100/ 15775 bearish rally while close above 18850/19475/20975/21725 bullish for medium term)
CRUDE
THIS WAS OUR WORDS "close below 2015 towards 1925-40 Range atleast" & SEE LOW MAKE=1933 AND ALSO TURN FROM OUR GIVEN SUPPORT LEVEL=1925. Continue to view as long Resist 2155 & 2255 down trend seen continue. we book profit on sell below 2045-2015/1970, for the day sell below 2000 S/L 2025 and T/p 1975/ 1950/1925/sustain close below 1925 potential towards 1780 & 1580 in coming days OR sell ard 2100-2110 S/L 2115 and T/p 2085-2060 (now crude need to close above 2255/2650-75/ 2950 for bullish rally while close below 1925 bearish for medium term)
COPPER
Continue to view, as long Resistance of 169.5 & 171.5 down trend seen continue. we book profit on sell below 165, fresh sell below 163.5 S/L 164.7 and T/p 161.5/below towards 157.5/ 155.5 in coming days OR sell ard 168.3-168.6 S/L 169 and T/p 167-165.5 (upside strong rally only on close above 175/183.5/191.5/197.5/204.5/219/238/ 271 while close below 161.5/155.5/ 151.5/144/138.5 bearish for medium term)
MCXARUN
9994500540
Crude oil rallied in volatile trading as the NYMEX February crude contract approached expiration. Crude oil had slumped amid concerns over slumping demand in a weak economy and Russia's resumption of natural gas flows to Europe via Ukraine. A stronger dollar and weaker equities had also weighed on the oil complex. Russian natural gas reached Europe via Ukraine for the first time in two weeks. The dollar climbed broadly, boosted by sterling's tumble to a 7-1/2 year low, while the view that the euro zone will suffer a deep recession pushed the euro to a six-week low. Elsewhere OPEC is fully enforcing its recent supply cuts, which should be enough to boost prices that have slumped below $40 a barrel, OPEC's president told. Kuwait has informed all customers of cuts in oil supply in line with OPEC's December curbs, state oil company Kuwait Petroleum Corp said.
Gold surged amid market talk of a large order, with firm investment demand for gold as a haven from risk fuelling buying of the precious metal. Gold shrugged off early weakness linked to a strengthening U.S. dollar and weaker oil prices. The dollar rose to a six-week high against the euro as traders worried about the outlook for the euro zone economy, after the European Commission issued a grim forecast for 2009 an Standard and Poor's cut Spain's debt ratings. The other main external driver of gold, crude oil, steadied after tumbling almost 10% in earlier trade, after Russia and Ukraine agreed on a gas deal that will help secure supplies to Europe and traders worried over the outlook for demand. Overall, fears over the outlook for the global economy and the financial system are boosting interest in products like exchange-traded funds which issue securities backed by actual stocks of gold.
Copper tumbled on a stronger dollar and as a jump in inventories added to concerns about demand. However supplies are still growing as evidenced by the inventory accumulation so there is more pain to come. Copper dragged all the industrial metals lower, with aluminum falling to its lowest price since July 2003 and nickel down around 4%. Stocks of copper and aluminum, the two biggest contracts on the LME, have been growing as prices for the two metals have slumped about 60% since last July's record highs. Furthermore copper inventories in LME warehouses jumped 15,425 tonnes the biggest one-day jump since Sept. 4 to 409,100 tonnes, the highest price since January 2004 when prices were around $2,375. China's economy in the fourth quarter probably grew 7.0% from a year earlier.
MCXARUN
9994500540
GOLD
OUR VIEW "as long Resistance 13180 down trend continue" & SEE PRICE TURN FROM HIGH=13175 & CLOSE LOWER. Continue to view as long Resistance 13180 & 13325 down trend seen continue. for the day sell below 13050 S/L 13085 and T/p 13020/ 12970/upto 12925 OR sell ard 13300-310 S/L 13325 and T/p 13225-150, only close above 13325 uptrend seen again (any time close above 13325/13575/ 13800/14400 bullish while close below 12800-12600/12330/11950/11525-420 bearish for medium term)
SILVER
Continue to view as long Resistance of 18450-18550 down trend seen continue. for the day sell below 18100 S/L 18200 and T/p 18000/17930/towards 17800 OR buy only abv 18450 S/L 18350 and T/p 18550-650/ towards 18850 and close above 18850 test 19500-600 Range atleast in coming days (any time close below 17375/ 16925/16100/15775 bearish rally while close above 18850/ 19475/20975/21725 bullish for medium term)
CRUDE
THIS WAS OUR WORDS "close below 2015 towards 1925-40 Range atleast in coming days" & SEE LOW MAKE=1976. Continue to view as long Resist 2100/2175 & 2255 down trend seen continue. book profit on sell below 2045-2015, for the day sell below 1970 S/L 1985 and T/p 1950/towards 1925 and close below 1925 potential towards 1780 & 1580 in coming days OR sell ard 2070-75 S/L 2080 and T/p 2050-40 (now crude need to close above 2255/ 2650-75/2950 for bullish rally while close below 1925 bearish for medium term)
COPPER
THIS WAS OUR VIEW "as long Resist 169.5 down trend" & SEE TURN FROM HIGH=169.45 AFTER MAKE LOW=164.3. Continue to view, as long Resistance of 169.5 & 171.5 down trend seen continue. for the day sell below 165 S/L 166.5 and T/p 163-161.5/below towards 157.5/155.5 in coming days OR sell ard 170.8-171 S/L 171.5 and T/p 169-167 (upside strong rally only on close above 175/183.5/191.5/197.5/ 204.5/219/238/271 while close below 161.5/155.5/151.5/144/138.5 bearish for medium term)
MCXARUN
9994500540
SPOT GOLD INTERNATIONAL
LIKELY TO TEST $ 905/TOWARDS 930 WITH ANY BREAK & CLOSE ABOVE $ 890 .... WHILE CLOSE BELOW $ 800/740/700 & $ 680 TOWARDS $ 600 IN COMING DAYS
SPOT SILVER INTERNATIONAL
LIKELY TO TEST $ 7.90 ATLEAST / TOWARDS $ 7.30 IN COMING DAYS WITH ANY BREAK & CLOSE BELOW $ 10.15 / $ 9.10 & 8.40... WHILE ONLY CLOSE ABOVE $ 11.75 / 12.30 & $ 14 BULLISH RALLY AGAIN FOR MEDIUM 2 LONG TERM
ALUMINUM
LIKELY TO TEST 82 - 87.5 RANGE ATLEAST WITH ANY BREAK & CLOSE ABOVE 79 .... WHILE CLOSE BELOW 69.5/68.5 DOWN TREND AGAIN (JAN)
ZINC
LIKELY TO TEST 68 ATLEAST/TOWARDS 73 WITH ANY BREAK & CLOSE ABOVE 65 & 66 .... WHILE CLOSE BELOW 58.75-58 TEST 57 - 55 RANGE ATLEAST (JAN)
NICKEL
LIKELY TO TEST 710 - 750 RANGE WITH ANY BREAK & CLOSE ABOVE 655 .... WHILE CLOSE BELOW 498 TOWARDS 480-70/450 RANGE (JAN)
COPPER
LIKELY TO TEST 182 - 188 RANGE ATLEAST WITH ANY BREAK & CLOSE ABOVE 175 .... WHILE CLOSE BELOW 155.5/151.5 DOWN TREND AGAIN(FEB)
MCXARUN
9994500540
GOLD
Continue to view as long Resistance 13080/13200 & 13325 down trend continue. for the day sell below 12790 & 12775 S/L 12820 and T/p 12725-12650/ below new down rally OR sell ard 13010-20 S/L 13025 and T/p 12965-12920 (any time close above 13325/ 13575/13800/14400 bullish while close below 12650-600/12330/11950/11525-420 bearish for medium term)
SILVER
Continue to view as long Resistance of 17900 & 18050 down trend seen continue. for the day sell below 17475-450 S/L 17560 and T/p 17350-250/ towards 17100 in coming days OR sell ard 17890-900 S/L 17925 and T/p 17800-700 (any time close below 17450/16925/16100/15775 bearish rally while close above 18050/18850/19475/ 20975/21725 bullish for medium term)
CRUDE
Continue to view as long Resist 2205 & 2255 down trend seen continue. for the day sell below 2120 & 2110 S/L 2135 and T/p 2095/close below test 2025-15 atleast/towards 1925 in coming days OR sell ard 2198-2205 S/L 2210 and T/p 2170-2155 (now crude need to close above 2250/2650-75/2950 for bullish rally while close below 2095/2015/1925 bearish for medium term)
COPPER
Continue to view, as long Resistance of 167.5 & 171.5 down trend seen continue. book profit on sell below 164, fresh sell below 160-159.5 S/L 161.5 and T/p 158/155.5/below towards 151.5 OR sell ard 167-167.25 S/L 167.5 and T/p 165.5/164 (upside strong rally only on close above 175/183.5/191.5/197.5/ 204.5/219/238/271 while close below 155.5/151.5/144/138.5 bearish for medium term)
MCXARUN
9994500540
GOLD
THIS WAS OUR VIEW "below 13090 test 13875-900 Range atleast" & SEE PRICE MAKE LOW=12850 AFTER BREAK 13090. Continue to view as long Resistance 13200/13325 down trend continue. for the day sell below 12900 S/L 12950 and T/p 12850/sustain below towards 12775 atleast/towards 12700 in coming days OR sell ard 13280-290 S/L 13300 and T/p 13200-170 (any time close above 13575/13800/ 14400 bullish while close below 12650-600/12330/ 11950/11525-420 bearish for medium term)
SILVER
For the day sell only below 17900 S/L 18000 and T/p 17800-750/below towards 17625/close below new down rally OR sell ard 18320-330 S/L 18350 and T/p 18220-160 (any time close below 17900/17625/16925/16100/15775 bearish rally while close above 18850/ 19475/20975/21725 bullish for medium term)
CRUDE
THIS WAS OUR WORDS IN REPORT Dt. 9 JAN "close below 1990 seen towards 1875-1825 Range again in coming days" & SEE LOW MAKE YESTERDAY=1849. Continue to view as long Resist 1970 down rally continue. book profit on sell below 1940, fresh sell below 1840 S/L 1855 and T/p 1825/ towards 1790-95/ below 1790 & 1750 seen new down rally OR sell ard 1920-25 S/L 1930 and T/p 1900-1880 (now crude need to close above 2150/2450/ 2560/2860 for bullish rally while close below 1790-1750 bearish for medium term)
COPPER
book profit on sell below 166, for the day sell below 160.5 S/L 161.8 and T/p 159.5/158.5/sustain below towards 154 OR sell ard 167.4-167.6 S/L 168 and T/p 165.5/164 (upside strong rally only on close above 175/183.5/191.5/197.5/ 204.5/219/238/271 while close below 158.5/151.5/144/138.5 bearish for medium term)
MCXARUN
9994500540
GOLD
PRICE TURN EXACT FROM OUR GIVEN SUPPORT=13175 AS DAYS LOW=13175. we book profit on sell below 13370, for the day sell below 13250 S/L 13285 and T/p 133210-175/ below towards 13090 and close below 13090 test 13875-900 Range atleast/ towards 12750 in coming days OR sell ard 13510-20 S/L 13525 and T/p 13470-440, only abv 13550 avoid short sell (any time close above 13575/13800/ 14400 bullish while close below 13090/ 12650-600/12330/11950/11525-420 bearish for medium term)
SILVER
Continue to view, as long Support of 18100-18000 more upside expected. for the day buy only abv 18650 S/L 18580 and T/p 18750-850/close abv 18850 test 19300-500 Range atleast in coming days OR sell below 18300 S/L 18380 and T/p 18220-130/18000/below down rally sharp (any time close below 18000/17625/16925/16100/15775 bearish rally while close above 18850/ 19475/20975/21725 bullish for medium term)
CRUDE
Now as long Resist 2030 & 2100 down rally seen continue. for the day sell only below 1940 S/L 1960 and T/p 1920/ below towards 1880 - 1825 Range atleast in coming days OR sell ard 2020-25 S/L 2030 and T/p 1995-1980 (now crude need to close above 2150/ 2450/2560/2860 for bullish rally while close below 1920/1790-1750 bearish for medium term)
COPPER
Continue to view, as long support of 161.5/158.5 bounce back expected at every dip. for the day buy only abv 168.5 S/L 167.5 and T/p 170-171 OR sell below 166 S/L 167 and T/p 164.5/ 163 (upside strong rally only on close above 175/183.5/191.5/197.5/204.5/219/238/ 271 while close below 158.5/151.5/144/ 138.5 bearish for medium term)
MCXARUN
9994500540
COPPER
LIKELY TO TEST 182 - 188 RANGE ATLEAST WITH ANY BREAK & CLOSE ABOVE 175 .... WHILE CLOSE BELOW 158.5/151.5 DOWN TREND AGAIN(FEB)
ALUMINUM
LIKELY TO TEST 82 - 87.5 RANGE ATLEAST WITH ANY BREAK & CLOSE ABOVE 79 .... WHILE CLOSE BELOW 73.5/72.5/69.5/68.5 DOWN TREND AGAIN (JAN)
ZINC
LIKELY TO TEST 68 ATLEAST/TOWARDS 73 WITH ANY BREAK & CLOSE ABOVE 65 & 66 .... WHILE CLOSE BELOW 59 TEST 57 - 55 RANGE ATLEAST (JAN)
NAT GAS
LIKELY TO TEST 235-230 RANGE ATLEAST WITH ANY BREAK & CLOSE BELOW 255 .... WHILE CLOSE ABOVE 295/305 UPRALLY AGAIN(FEB)
NICKEL
LIKELY TO TEST 710 - 750 RANGE WITH ANY BREAK & CLOSE ABOVE 655 .... WHILE CLOSE BELOW 542 TOWARDS 520-500 RANGE (JAN)
MCXARUN
9994500540
GOLD
PRICE TURN EXACT FROM OUR GIVEN RESIST=13140 AS DAYS HIGH=13550. for the day sell ard 13560 -570 S/L 13575 and T/p 13500-460 OR sell below 13370 S/L 13415 and T/p 13320-13275, only abv 13575 avoid short sell (any time close above 13575/ 13800/14400 bullish while close below 13090/12650-600/12330/11950/11525-420 bearish for medium term)
SILVER
Now as long Support of 18000 more upside expected. for the day buy only abv 18600 S/L 18500 and T/p 18720-850/close abv 18850 test 19300-500 Range atleast in coming days OR sell below 18275 S/L 18350 and T/p 18175-100/18000/below down rally sharp (any time close below 17625-525/16925/ 16100/15775 bearish rally while close above 18850/19475/20975/21725 bullish for medium term)
CRUDE
Price turn exact between our given support level. Continue to view, strong support seen at 1990, as long hold bounce back expected. for the day buy on dips ard 1995-98 S/L 1990 and T/p 2020-30 OR buy abv 2100 S/L 2080 and T/p 2130-50, below 1990 avoid long and close below 1990 seen towards 1875-1825 Range again in coming days (now crude need to close above 2450/2560/ 2860 for bullish rally while close below 1990/1790-1750 bearish for medium term)
COPPER
Still, good support seen at 158.5 & 151.5 from where bounce back expected. for the day sell only below 158.5 S/L 160 and T/p 157/155 OR sell ard 166.8-167 S/L 167.5 and T/p 165-163.5 (upside strong rally only on close above 175/183.5/191.5/197.5/204.5/219/ 238/271 while close below 158.5/151.5/ 144/138.5 bearish for medium term)
MCXARUN
9994500540
GOLD
PRICE TURN ALMOST FROM OUR GIVEN SUPPORT=13140 AS DAYS LOW=13150. we book profit on sell below 13575/13440/13200-190, for the day sell only below 13140 S/L 13180 and T/p 13090/close below test 12900-12850 Range atleast OR sell ard 13460-70 S/L 13475 and T/p 13430-380 (any time close above 13575/13800/14400 bullish while close below 13090/12650-600/12330/11950/11525-420 bearish for medium term)
SILVER
Continue to view as long Resistance of 18700 & 18850 down trend seen continue. our S/L hit in sell on rally but book profit on sell below 18250, for the day sell below 18050 S/L 18150 and T/p 17950-875/17625/sustain close below towards 17000 atleast in coming days OR buy only abv 18700 S/L 18570 and T/p 18800-850/close above test 19300 atleast in coming days (any time close below 17625-525/16925/16100/15775 bearish rally while close above 18850/ 19475/20975/21725 bullish for medium term)
CRUDE
Still good support at 2020 & 1990, as long hold some bounce back expected. for the day sell below 2125 S/L 2140 and T/p 2110-2070/below towards 2020 and close below down rally sharp OR sell ard 2240-45 S/L 2250 and T/p 2220-2190 (now crude need to close above 2450/2560/ 2860 for bullish rally while close below 2125/2020-1990/1790-1750 bearish for medium term)
COPPER
Still, good support seen at 159.5 & 151.5 from where bounce back expected. book profit on sell below 169.5, fresh sell only below 164 S/L 165.5 and T/p 162.5/159.5 OR buy abv 167.5 S/L 166.25 and T/p 169.5-171 (upside strong rally only on close above 175/183.5/191.5/197.5/204.5/219/238/ 271 while close below 159.5/151.5/144/ 138.5 bearish for medium term)
MCXARUN
9994500540
Trend
(08.01.09)
Gold:
830.90-849.20;
Resist:
861.70;
Suport:
818.40;
Silver:
10.78-11.20;
Resist;
11.48:
Support:
10.50;
this is today trend, we expect the range is 830$ to 850$,
already we said gold close below 840$ is weak, but gold still trading above 840$,
that means still market is range bound,
last day also all of our safe trade calls target hit.
from 11AM this blog will close,
itz only for our paid customers
call me 9994500540
MCXARUN
GOLD
THIS WAS OUR VIEW "below 13350 test 13150-13050 Range" AND SEE LOW=13094 ** PRICE TURN ALMOST FROM OUR GIVEN RESIST=13450 AS DAYS HIGH=13435. we book profit on sell below 13575/13440/13200, for the day sell only below 13190 S/L 13235 and T/p 13150/13090/sustain below towards 12900 in coming days OR sell ard 13560-70 S/L 13575 and T/p 13500-460 (any time close above 13800/14400 bullish while close below 13090/12650-600/12330/11950/11525-420 bearish for medium term)
SILVER
Continue to view as long Resistance of 18625 & 18750 down trend seen continue. we book profit on sell below 18100, for the day sell only below 18250 S/L 18330 and T/p 18150-18075/below towards 18875/below towards 18700 OR sell ard 18740-760 S/L 18775 and T/p 18600-500, only close above 18775 uprally again to test 193250-350 Range atleast in coming days (any time close below 17625-525/16925/16100/15775 bearish rally while close above 18750/ 19475/20975/21725 bullish for medium term)
CRUDE
Crude oil Inventory Schedule to release today. for the day buy only abv 2420 S/L 2397 and T/p 2450-60/sustain abv towards 2500-2520 in coming days OR sell below 2335 S/L 2350 and T/p 2320-2280/sustain below towards 2230 (now crude need to close above 2450/2560/ 2860 for bullish rally while close below 2225/2020-1990/1790-1750 bearish for medium term)
COPPER
Continue to view as long support of 164/ 159.5 upside seen continue. we book profit on buy abv 158/161.25, for the day buy only abv 171.5 S/L 170 and T/p 173-74/sustain close abv 171 seen towards 180-182 in coming days OR sell below 169.5 S/L 171.5 and T/p 168/166.5/164/162.5/below down rally (upside strong rally only on close above 171.5/183.5/191.5/197.5/204.5/219/ 238/271 while close below 159.5/151.5/ 144/138.5 bearish for medium term)
MCXARUN
9994500540
U.S. crude oil futures settled at the highest level in a month yesterday as the Israeli-Palestinian conflict. Oil rose 5 percent as Israel deepened its thrust into Gaza on the 10th day of violence. OPEC's Jan. 1 cut also helped to lift oil prices.
Russia's dispute with Ukraine over natural gas prices increased the worry about the price and supply of the gas and influenced the oil.
Fog-related shipping delays on the U.S. Gulf Coast and a U.S. Department of Energy announcement about buying crude oil for the Strategic Petroleum reserve also helped oil prices.
On weekly basis U.S. crude oil futures recovered after a two week of falling and settled up at $46.34 per bl as Short-covering prompted by a failed cease-fire effort in the Middle East, growing tension between Russia and Ukraine over energy. Fog-related shipping delays on the U.S. Gulf Coast and a U.S. Department of Energy announcement about buying crude oil for the Strategic Petroleum reserve also helped oil prices.
Light, sweet crude oil for December delivery in the New York Mercantile Exchange traded in the range $49.28- $45.56, and settled at $46.34a barrel yesterday.
Weekly Crude Oil (DWTI January.)
Expecting uptrend above $42.80.Resistances are $46.60 $49.80, and $55.00, Supports seen at $39.00, $36.80 and $35.30.
DWTI (JAN) traded in the range $49 - $45.65 and closed at $48.81
TECHNICAL OUTLOOK (Intra-day)
DGCX Crude (January) - Bullish above $49bearish below $48.40
MCXARUN
9994500540
U.S. gold slipped 2 percent on Monday as Strong dollar and by a planned U.S. stimulus plan despite oil rose 5 percent as Israel deepened its thrust into Gaza on the 10th day of violence.
Investors welcomed news that U.S. President-elect Barack Obama is seeking as much as $310 billion in tax cuts as part of a proposed stimulus package that could be worth up to $775 billion and supported the dollars movements.
U.S. Dollar rose against the euro yesterday supported by a planned U.S. stimulus package and increased expectations of interest rate cuts by major central banks other than the Federal Reserve.
At the same time the U.S. Census Bureau said that construction spending was at an annual rate of $1.0784 trillion in November, down .6% from October's pace and down 3.3% from a year ago.
International spot gold traded in the range $ 883.55- $ 843.50 a Troy Ounce and last quoted at $858
Weekly Outlook (DG. OCT.)
Expected trading range is $892- 854, breaking of either side will make the direction. Resistances are $906, $917, $935. Supports are at $844, $831, $820
Last day DGCX Gold FEB. Traded in the range $874.60-$844.80and closed at $ 859.50
TECHNICAL OUTLOOK (Intra-day)
GOLD (FEB) - Bullish above $ 862 bearish below $ 856
MCXARUN
9994500540
GOLD
THIS WAS OUR VIEW "below 13350 test 13150-13050 Range" AND SEE PRICE MAKE LOW=13185 WITHIN HRS AFTER BREAK 13350. we book profit on sell below 13575/13440, for the day sell only below 13200-175 S/L 13235 and T/p 13100/13025 OR sell ard 13535-540 S/L 13550 and T/p 13500-460 (any time close above 13800/14400 bullish while close below 13175/12650-600/12330/11950/11525-420 bearish for medium term)
SILVER
Now as long Resistance of 18700 down trend seen continue. for the day sell only below 18100 S/L 18200 and T/p 18000-17950/sustain below towards 17750 OR sell ard 18670-680 S/L 18700 and T/p 18600-500, only close above 18750 uprally again to test 193250-350 Range atleast in coming days (any time close below 17625-525/16925/16100/ 15775 bearish rally while close above 18750/19475/20975/21725 bullish for medium term)
CRUDE
THIS WAS OUR WORDS "sustain close above 2125 towards 2275-2300 atleast" & SEE HIGH MADE 2339 ACHIEVED. Continue to view as long support of 2225 more upside expected. book profit on buy abv 2125/2260, for the day buy only abv 2340 S/L 2325 and T/p 2370-2400/sustain above towards 2500-2520 in coming days OR sell below 2275 S/L 2295 and T/p 2255-25/ 2200/below down rally sharp (now crude need to close above 2340/2560/2860 for bullish rally while close below 2225/ 2020-1990/1790-1750 bearish for medium term)
COPPER
Continue to view as long support of 153.5/151.5 upside seen continue. we book profit on buy abv 158, for the day buy only abv 161.25 S/L 160 and T/p 162.25/sustain abv test 165-166 in coming days OR sell only below 158.5 S/L 159.5 and T/p 157.5/155.5/154 (upside strong rally only on close above 162.5/171.5/183.5/191.5/197.5/204.5/ 219/238/271 while close below 151.5/ 144/138.5 bearish for medium term)
MCXARUN
9994500540
Crude oil prices fluctuated around $47 a barrel as Israel's deepening incursion into Gaza and the Russian gas dispute heightened geopolitical supply fears. However, prices swung in and out of positive territory as a rally in the U.S. dollar encouraged profit-taking by investors, with oil prices up by more than 30% since the end of December. Oil prices have risen sharply from around $35 a barrel since Israel launched its Gaza offensive on Dec. 27, heightening fears for crude supplies from the Middle East. An Iranian military commander called for Islamic producers to cut supplies to Israel's supporters in Europe and the United States. OPEC's most influential member Saudi Arabia and neighbours Kuwait, the United Arab Emirates and Qatar are regional allies of the United States. However Gaza violence does not directly threaten any oil production, but there was underlying concern it could affect other countries in the Middle East, with little sign of the violence abating.
Gold dropped below $845 an ounce on the back of a dollar rally and signs of slowing physical demand. Gold weighed down heavily by a sharply higher dollar based on expectations of interest rate cuts by major central banks and news of a planned U.S. stimulus package. Reports of tumbling physical gold imports by top consumer India confirmed concerns of slowing bullion demand in emerging economies. Meanwhile gold imports by India plunged by 81% in December and down 47% in 2008, as high prices and a slowing economy dented demand.
Copper edged higher recouping earlier losses and extending a New Year's rally that saw prices climb nearly 11% in two days. Copper up in modest short-covering rebound after prices fail to break down below $1.40. Copper's morning gains buck stronger tone in the dollar, which hit a three-week high against the Euro amid expectations of interest rates cuts by major central banks and news of a planned U.S. stimulus package. Copper supported by economic data showing a less than expected decline in U.S. construction spending. China will allow tax-free imports of copper, nickel and cobalt concentrate from Feb. 1, as long as the finished products are re-exported, according to a statement on the Ministry of Commerce's website (www.mofcom.gov.cn).
U.S. construction spending tumbled by 0.6% for the month of November, according to the Commerce Department report, showing that building at the end of 2008 was stronger than Wall Street had expected. However analysts polled by Reuters had anticipated the drop to be a much steeper 1.3%. October's change was also revised to down 0.4% from the originally reported drop of 1.2%. Moreover public spending, on the other hand, increased 1.4%.
MCXARUN
9994500540
GOLD
we book profit on sell below 13575, for the day sell only below 13440 S/L 13480 and T/p 13400-350 where good support seen/close below 13350 test 13150-13050 Range in coming days OR buy only abv 13685-700 S/L 13650 and T/p 13770-800/close abv 13800 test 13900 atleast/upto 14000 and if Rally sustain towards 13150 in coming days (any time close above 13800/14400 bullish while close below 13350/12650-600/12330/11950/11525-420 bearish for medium term)
SILVER
PRICE TURN ALMOST FROM OUR SUPPORT=18100 AS DAYS LOW= 18112. Continue to view as long support of 18100 more upside expected. for the day buy only abv 18750 S/L 18660 and T/p 18850/close above 18750 test 19000-19300 Range atleast OR buy ard 18270-280 S/L 18250 and T/p 18350-430 (any time close below 18100/ 17525/16925/16100/15775 bearish rally while close above 18750/19475/20975/ 21725 bullish for medium term)
CRUDE
THIS WAS OUR WORDS "sustain close above 2125 towards 2275-2300 atleast" & SEE HIGH MADE 2259. Continue to view as long support of 2100 & 2020 more upside expected. book profit on buy abv 2125, for the day buy only abv 2260 S/L 2240 and T/p 2300/sustain above towards 2350 OR sell below 2200 S/L 2220 and T/p 2170-50 (now crude need to close above 2260/2400/2560/2860 for bullish rally while close below 2020-1990/1790-1750 bearish for medium term)
COPPER
Continue to view as long support of 151.5 more upside likely. we book profit on buy abv 158, for the day buy only abv 161 S/L 159.7 and T/p 163/164.5 OR buy ard 151.8-152.1 S/L 151.5 and T/p 154.5-156 (upside strong rally only on close above 161/167-171.5/183.5/ 191.5/197.5/ 204.5/219/238/271 while close below 151.5/144/138.5 bearish for medium term)
MCXARUN
9994500540
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