long view chart!

this is very important chart for long view!

please click the chart to large view!

MCXARUN
9994500540

important chart

click the pic to see a large view






MCXARUN
9994500540

long view calls

SPOT GOLD INTERNATIONAL

LIKELY TO TEST $ 1030-35 WITH ANY BREAK & CLOSE ABOVE $ 990 & 1005.... AND CLOSE ABOVE 1030 POTENTIAL TOWARDS $ 1100/1160 IN COMING MONTHS, WHILE CLOSE BELOW $ 905 SEEN TOWARDS 870-865 RANGE AND CLOSE BELOW $864 SEEN TOWARDS $ 835 & 805/780 ATLEAST IN COMING DAYS



SPOT SILVER INTERNATIONAL

LIKELY TO TEST $ 15.40-15.50/$16 WITH ANY BREAK & CLOSE ABOVE $ 14.40 AND CLOSE ABOVE $ 16.25 POTENTIAL TOWARDS $18 IN COMING DAYS... WHILE ONLY CLOSE BELOW $ 12.45/12 & $11.80 SEEN TOWARDS $ 10.65/10.30/10 IN COMING DAYS


CRUDE OIL

LIKELY TO TEST $ 80-82 RANGE WITH ANY BREAK & CLOSE ABOVE $ 73.40....WHILE CLOSE BELOW $ 58.30 SEEN TOWARDS $ 54/48 IN COMING DAYS


ZINC
LIKELY TO TEST 85-87 WITH ANY BREAK & CLOSE ABOVE 82.... WHILE CLOSE BELOW 77/74/71/69 DOWN RALLY AGAIN (JULY)


LEAD
LIKELY TO TEST 92-94 WITH ANY BREAK & CLOSE ABOVE 87.... WHILE CLOSE BELOW 79.5/75 DOWN RALLY AGAIN (JULY)


MCXARUN
9994500540

Gold Intraday Outlook

U.S. gold futures ended lower after trading in a tight range yesterday as bullion investors looked for a new catalyst from markets outside of the commodities sector to fuel the metal's recent rally amid inflation concerns. But down side was limited due to the dollar weakness. August futures did not fall further as the dollar hit a five-week low against major currencies after strong earnings from JP Morgan tarnished the U.S. currency's safe haven appeal.

But According to the report from U.S. Labour Department, jobless claims were down 47,000 last week to 522,000, the lowest since the first week of 2009. The big drop may have been distorted by unusual activity in the auto industry.

The Philadelphia Federal Reserve's regional index of manufacturing fell from -2.2 to -7.5 in July, weaker than expected.

On Wednesday, Gold rose to a two-week high above $940 an ounce as the dollar tumbled after data showed U.S. consumer prices rose faster than expected in June.

According to the U.S. Labour Department, consumer prices were up 0.7% in June, but down 1.4% from a year ago.

Weekly Outlook (DG. Aug.)

Expected trading range $903 – $920 .Breaking either side may clear the direction. Supports are $934, $948.Supports are $884 $864.

Last day DGCX Gold Aug Traded in the range $939.70-$932.90 and closed at $ 936.90

TECHNICAL OUTLOOK (Intra-day)

GOLD (Aug) - Bullish above $ 938 bearish below $932


MCXARUN
9994500540

Crude Intraday Outlook

U.S. crude oil futures ended lower for the fourth day in a row on Monday as economic concerns reflected in dismal jobs data, tepid demand and rising fuel inventories pressured the oil markets. Last week, the Labor Department said U.S. employers cut 467,000 jobs in June, while the unemployment rate rose to 9.5 percent, the highest level since August 1983.

The Institute for Supply Management's services index rose to 47.0 last month from 44.0 in May, above economists' forecast.

But at the same time, Nigerian militants said they sabotaged a Chevron oil facility and seized a chemical tanker and six crew members. The Movement for the Emancipation of the Niger Delta said it attacked Chevron's facility on Sunday; hours after it sabotaged a Royal Dutch Shell operated oil well.

In a report, several U.S. buyers of Saudi crude told Reuters on Monday that Saudi Arabia plans to keep oil shipments to the U.S. unchanged in August.

In the last week, Oil dropped below $66.5 a barrel as unemployment data hardened views economic weakness would sap energy demand. In the latest sign the economy of the world's top consumer was still struggling, data on Thursday showed U.S. employers cut 467,000 jobs in June and the jobless rate rose to a 26-year high. Euro zone unemployment climbed to a 10-year high.

Report from JP Morgan on Friday also affected the oil prices .According to the report it expected oil prices to correct to about $60 a barrel or lower.

Weekly outlook (DWTI: July)

Supports are $ 64.95, $59.53and $56.12. Resistances are $70.60, $72.94 and $74.01.

DWTI (July) traded in the range $65.31-63.41 and closed at $64.05

TECHNICAL OUTLOOK (Intra-day)

DGCX Crude (July) - Bullish above $ 64.80 Bearish below $64.00



MCXARUN
9994500540

Gold Intraday Outlook

U.S. gold futures fell toward $920 an ounce yesterday as tumbling crude oil prices reinforced the view that inflation was nowhere imminent, weighing on bullion's appeal as a store of value.

U.S. crude oil futures ended lower for the fourth day in a row on Monday as economic concerns reflected in dismal jobs data, tepid demand and rising fuel inventories pressured the oil markets. Oil prices fell to a five-week low around $64 a barrel on doubts over a prompt recovery of the global economy, hurting gold's inflation hedge appeal.

India's gold imports in June were likely around 8 to 10 tonnes, down from 24 tonnes the same month a year ago - Bombay Bullion Association.

The Bombay Bullion Association said demand for gold and silver from India, the world's biggest bullion consumer, is likely to be pressured further this year by an increase in import duty in the budget for 2009/10. India's doubling of import duty on gold and silver is likely to encourage recycling of the metals locally in what could continue to keep imports subdued for the rest of this year also affected the bullion movements .

At the same time, the world's largest gold-backed exchange-traded fund, the SPDR Gold Trust, said holdings stood at 1,120.19 tonnes as of July 6, down 0.36 tonnes or 0.03 percent from the previous business day.

Holdings in the trust, which issues securities backed by physical stocks of gold, have declined in the past few weeks as growing optimism about the global economy sapped investors' appetite for bullion as a safe-haven asset.

Weekly Outlook (DG. Aug.)

Supports are $920, 912 and 900 Resistances are 948, 965 and 986

Last day DGCX Gold Aug Traded in the range $931.40-$920.60 and closed at $ 923.90

TECHNICAL OUTLOOK (Intra-day)

GOLD (Aug) - Bullish above $ 927 bearish below $920


MCXARUN
9994500540

long view calls

SPOT GOLD INTERNATIONAL
LIKELY TO TEST $ 965-70/$ 1000 WITH ANY BREAK & CLOSE ABOVE $ 926.... AND CLOSE ABOVE $ 1005 SEEN TOWARDS 1030 AND CLOSE ABOVE 1030 POTENTIAL TOWARDS $ 1100/1160 IN COMING MONTHS, WHILE CLOSE BELOW $ 864 SEEN TOWARDS $ 835 & 805 IN COMING DAYS




SPOT SILVER INTERNATIONAL
LIKELY TO TEST $ 14.60 WITH ANY BREAK & CLOSE ABOVE $ 14.15 AND CLOSE ABOVE 14.60 TEST $ 15.70 ATLEAST/ TOWARDS 16.20-17.50 IN COMING MONTHS... WHILE ONLY CLOSE BELOW $ 12 & 11.80 SEEN TOWARDS $ 10.65/10.30/10 IN COMING DAYS


MCXARUN
9994500540

IMPORTANT CHART

click the pic to view large;
don't forget to read the outlook message for gold in side the chart




MCXARUN
9994500540

LONG VIEW CALLS

SPOT GOLD INTERNATIONAL
LIKELY TO TEST $ 970/$ 1000 WITH ANY BREAK & CLOSE ABOVE $ 945.... AND CLOSE ABOVE $ 1005 SEEN TOWARDS 1030 AND CLOSE ABOVE 1030 POTENTIAL TOWARDS $ 1100/1160 IN COMING MONTHS, WHILE CLOSE BELOW $ 890 SEEN TOWARDS $ 845-40 & 805 IN COMING DAYS


SPOT SILVER INTERNATIONAL
LIKELY TO TEST $ 14 & 14.50 WITH ANY BREAK & CLOSE ABOVE $ 13.5 AND CLOSE ABOVE 14.60 TEST $ 15.70 ATLEAST/ TOWARDS 16.20-17.50 IN COMING MONTHS... WHILE ONLY CLOSE BELOW $ 12.40 SEEN TOWARDS 11.55/10.80 IN COMING DAYS


MCXARUN
994500540

important charts!! for long view

click the pics to view large size








MCXARUN
9994500540

IMPORTANT CHARTS

CLICK THE PICS TO LARGE VIEW








MCXARUN
9994500540

DGCX Crude Outlook 10th Feb, 09

U.S. crude oil futures settled lower yesterday as concerns about recession and demand. Weakness in heating oil and gasoline futures also weighed on oil prices.

At the same time OPEC view on production limited the crude price from more falling .According to the report, OPEC is willing to cut oil output further at a March meeting, the group's secretary-general said Monday, adding he would like to see full compliance with existing curbs first. OPEC's president and ministers from Iraq, Venezuela and Iran have also raised the prospect of more cuts.

U.S. crude oil futures ended lower on Friday also as oil demand worries mounted after government data showed the economy last month shed the biggest number of jobs in 34 years and Crude oil speculators on the New York Mercantile Exchange cut net long positions sharply in the week to Feb. 3, data from the U.S. Commodity Futures Trading Commission released on Friday showed.

Weekly Crude Oil (DWTI January.)

42.65 And 39.85 is the trading range, breaking either side may clear the direction. Resistances are $44.70, 47.38. Supports are at $37.10, $34.80.

DWTI (MAR) traded in the range $42.20 - $39.45and closed at $39.56

TECHNICAL OUTLOOK (Intra-day)
DGCX Crude (MAR) - Bullish above $39.80 Bearish below $39.30

MCXARUN
9994500540

DGCX Gold Outlook 10th Feb, 09

Gold futures ended below $900 an ounce yesterday on profit taking from the recent rally, triggered by optimism ahead of economic stimulus plans to be unveiled by the U.S. government.

Traders were awaiting an announcement on Washington's massive stimulus plan. The Senate was due to vote on the package later Monday to clear the way for its passage on Tuesday.

But at the same time the world's largest gold-backed exchange-traded fund, SPDR Gold Trust said its bullion holdings held unchanged at a record 867.19 tonnes as of Feb. 6.

U.S. gold futures fell on Friday also as weaker than expected U.S. jobs data boosts expectations Washington will act quickly to implement its fiscal stimulus policy, with rising stock markets suggesting some investment is being diverted back into shares.
According to the report from U.S Labour Department, jobless claims were up 35,000 last week to 626,000, more than expected and the most in 26 years. And also U.S. Labour Department said that productivity was up an annual rate of 3.2% in the fourth quarter, more than expected. Unit labour costs were up an annual rate of 1.8% in the fourth quarter, less than expected.
International spot gold traded in the range $ 911.70- $ 879.80a Troy Ounce and last quoted at $894.50

Weekly Outlook (DG. OCT.)

$933 is the major resistances .If sustain above that level, expect more uptrend. Resistances are $954, $968, $988. Supports are at $909, $899, $881 and $862.

Last day DGCX Gold APR. Traded in the range $909.70-$892.90and closed at $ 895.40

TECHNICAL OUTLOOK (Intra-day)

GOLD (APR) - Bullish above $ 898bearish below $ 893

MCXARUN
9994500540

important long view gold chart

please click the pic for large view




MCXARUN
9994500540

DGCX Gold Outlook 5th Feb, 09

U.S. gold futures settled up 1 percent yesterday, rebounding from the previous session's decline on worries over massive liquidity injections by central banks and the expectation of more uptrend in precious metals in light of major brokerage upgraded its price forecast.

Gold prices rose yesterday despite strong dollar as Passage of President Barack Obama's $825 billion proposed economic stimulus package would likely be inflationary.

According to the report from UBS, Gold investment demand will double in 2009 compared to 2007, and gold prices will average $1,000 an ounce in 2009.

The U.S. Census Bureau said that construction spending was at an annual rate of $1.054 trillion in December, down 1.4% from November's pace. For all of 2008, construction spending totaled $1.079 trillion, down 5.1% from a year ago.

International spot gold traded in the range $ 908.70- $ 894.50a Troy Ounce and last quoted at $905.40

Weekly Outlook (DG. OCT.)

$933 is the major resistances .If sustain above that level, expect more uptrend. Resistances are $954, $968, $988. Supports are at $909, $899, $881 and $862.

Last day DGCX Gold APR. Traded in the range $910.30-$896.60and closed at $ 905.40

TECHNICAL OUTLOOK (Intra-day)

GOLD (APR) - Bullish above $ 899bearish below $ 894



MCXARUN
9994500540

DGCX Crude Outlook 5th Feb, 09

U.S. crude oil futures closed lower yesterday as the inventory data and economic concerns.

The U.S. Department of Energy said that crude oil stocks were up 7.2 million barrels to 346.1 million barrels and 700,000 barrels were added to the Strategic Petroleum Reserve. Supplies of gasoline were up 300,000 barrels while heating oil supplies were up 1.4 million barrels.

The DOE also said that refinery use increased from 82.5% to 83.5% of capacity last week. Over the past four weeks, gasoline demand was down 0.5% from a year ago while distillate demand was down 3.7% from a year ago.

On weekly basis ,U.S. crude futures ended weak last week , as gloomy economic data kept concerns about demand in focus even as the possibility of a refinery worker strike in the United States . Large inventory data from US also added pressure in to the crude oil prices.

Weekly Crude Oil (DWTI January.)

48.40 And 44.30 is the trading range, breaking either side may clear the direction. Resistances are $50.50, 52.40, and 54.30. Supports are at $41.60, $39.30, $ 37.00

DWTI (MAR) traded in the range $41.40 - $39.95and closed at $40.32

TECHNICAL OUTLOOK (Intra-day)
DGCX Crude (MAR) - Bullish above $40.60bearish below $40.00

MCXARUN
9994500540

Global Recap – 3rd Feb, 09

Gold's turned below $900 as underlying fundamentals are weak according to the world's largest gold producer, along with Russia the states reporting rising production while jewellery demand is soft. China's production hit a record 282 tonnes in 2008, the China Gold Association said, up 4.3% from 2007. High prices are scaring off jewellery buyers, who account for almost 70% of global demand for gold. The volume of gold jewellery sales in Abu Dhabi fell 70% in January due to rising prices.

OPEC will discuss a further supply cut of about 1 million barrels per day (bpd) when it meets in March if oil prices remain low, an OPEC source told Reuters. The Organization of the Petroleum Exporting Countries meets on March 15 in Vienna. Despite OPEC agreeing since September to reduce supply by a total of 4.2 million bpd, oil prices remain around $41 a barrel, a level that officials from the group say is too low. Pending sales of existing U.S. homes rebounded as buyers waded back into the market to take advantage of lower prices and mortgage interest rates.

The National Association of Realtors Pending Home Sales Index, based on contracts signed in December, surged 6.3% to 87.7, rising for the first time since August. Compared with the same period a year-ago, pending homes sale were up 2.1% in December. Last week, the NAR reported an unexpected rise in existing home sales in December, driven mainly by distressed sales, with prices falling from a year earlier by the biggest margin in over 40 years. Stability in the housing market is critical to the U.S. economy's recovery. The economy slipped into recession in December 2007. Falling house prices, coupled with the stock market collapse and tight access to credit, have hit consumer spending, which accounts for about two thirds of U.S. economic activity.

Copper rose on optimism over U.S. home-sales data, but rising inventories capped greater gains. Pending sales of existing U.S. homes rebounded in December, data showed as buyers waded back into the market to take advantage of lower prices and mortgage interest rates. The Institute for Supply Management's index of U.S. factory activity rose to 35.6 in January from a near three-decade low of 32.9 in December, above expectations, but still showing the sector shrinking. Weak demand prospects were reflected in the rise in inventories. Copper inventories on the LME rose 4,100 tonnes to 495,300 tonnes, the highest since late 2003, while aluminum stocks grew 28,300 tonnes to a record of around 2.84 million tonnes.


MCXARUN
9994500540

important charts

click the pics to large viwe







MCXARUN
9994500540

DGCX Crude Outlook 3rd Feb, 09

U.S. crude oil futures closed lower almost 4 percent yesterday as economic concerns and an extension of talks easing the immediate threat of a strike by U.S. refinery workers pressured the oil futures complex.

Weakness in heating oil also added pressure on crude oil prices. NYMEX March heating oil settled down 9.16 cents, or 6.39 percent, at $1.3424 a gallon, after trading from $1.3412 to $1.44.


On weekly basis ,U.S. crude futures ended weak last week , as gloomy economic data kept concerns about demand in focus even as the possibility of a refinery worker strike in the United States . Large inventory data from US also added pressure in to the crude oil prices.

Weekly Crude Oil (DWTI January.)

48.40 And 44.30 is the trading range, breaking either side may clear the direction. Resistances are $50.50, 52.40, and 54.30. Supports are at $41.60, $39.30, $ 37.00

TECHNICAL OUTLOOK (Intra-day)
DGCX Crude (MAR) - Bullish above $40.28bearish below $39.80


MCXARUN
9994500540

DGCX Gold Outlook 3rd Feb, 09

U.S. gold futures settled more than 2 percent lower yesterday, holding just above $900 an ounce on a combination contract rollover, technical selling and signs of weak jewelry demand.

At the same time, world's largest gold-backed exchange-traded fund, SPDR Gold Trust, said its bullion holdings held steady at record 843.59 tonnes as of Jan. 30

The U.S. Census Bureau said that construction spending was at an annual rate of $1.054 trillion in December, down 1.4% from November's pace. For all of 2008, construction spending totaled $1.079 trillion, down 5.1% from a year ago.

The Institute of Supply Management's index of manufacturing increased from 32.9 to 35.6 in January, better than expected, but still a sign of contraction

International spot gold traded in the range $ 928.20- $ 900.70a Troy Ounce and last quoted at $901.25

Weekly Outlook (DG. OCT.)

$933 is the major resistances .If sustain above that level, expect more uptrend. Resistances are $954, $968, $988. Supports are at $909, $899, $881 and $862.

Last day DGCX Gold APR. Traded in the range $930.8-$903.10and closed at $ 927.90

TECHNICAL OUTLOOK (Intra-day)

GOLD (APR) - Bullish above $ 908 bearish below $ 902


MCXARUN
9994500540