GOLD
THIS WAS OUR WORDS SINCE LAST 1-WEEK "as long Resistance 11950 down trend continue" AND SEE PRICE TURN EXACT FROM SAME LEVEL YESTERDAY=11945. Continue to view as long Resistance 11950, down trend continue. for the day sell only below 11735-25 S/L 11755 and T/p 11690/655/630/11590/sustain below down rally OR buy only abv 11950 S/L 11925 and T/p 11985-12000/12050 (any time close above 11950/12680/12950/ 13550/13850 bullish while close below 11590/11275/11125 bearish for medium term)
SILVER
PRICE TURN ALMOST FROM OUR GIVEN SUPPORT=20050 AS DAYS LOW=20070. Continue to view, as long Resistance 20600 down trend likely to continue. for the day sell below 20125 & 20050 S/L 20200 and T/p 20000/ towards 19850/sustain below 19800 seen down rally sharp OR sell ard 20530-540 S/L 20550 and T/p 20450-375, only sustain abv 20600 trigger buy call again (any time close below 19200-18900 bearish rally while close above 20600/21900/22850/25000/26100/ 27250/28000 bullish for medium term)
CRUDE
Trading Range seen between 4950 & 5300, either side Break-Out will give sharp rally. for the day sell below 4990 & more below 4950 S/L 5010 and T/p 4910-15/4875 OR sell ard 5205-10 S/L 5215 and T/p 5180-150/upto 5120 (now crude need to close above 5290/5475/ 5710/6375 for bullish rally while close below 4950/4865/4760 bearish for medium term)
COPPER
PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=338 AS DAYS HIGH=338. Continue to view as long Resistance of 338 & 340.5, down trend continue. book profit on sell below 335.5, fresh sell below 329 & more below 328 S/L 330.5 and T/p 325-323 atleast OR sell ard 336.2-336.5 S/L 337 and T/p 335-333 (upside strong rally only on close above 340.5/351/ 360.5/ 371/387.5/398 while close below 328/ 312/302/289/265/251.5/235 bearish for medium term)
MCXARUN
9994500540
Friday, August 29, 2008
long view calls
NYMEX CRUDE OIL
LIKELY TO TEST $ 126 UPTO 128 WITH ANY BREAK & CLOSE ABOVE $ 122, WHILE CLOSE BELOW $ 112-111.5 TEST $ 106-5 TOWARDS $ 102 IN COMING DAYS(OCT)
ZINC
LIKELY TO TEST 83.75/85.5 WITH ANY BREAK & CLOSE ABOVE 81.75, WHILE CLOSE BELOW 77.5 TEST 75.75/73.5, ONLY ABOVE 86 BULLISH RALLY (SEP)
NICKEL
LIKELY TO TEST 965-70/TOWARDS 980 WITH ANY BREAK & CLOSE ABOVE 945, WHILE CLOSE BELOW 875 TEST 950-935 IN COMING DAYS (SEP)
ALUMINUM
LIKELY TO TEST 126/129 UPTO 132 WITH ANY BREAK & CLOSE ABOVE 124, WHILE CLOSE BELOW 117 TEST 114-13, BELOW DOWN RALLY (SEP)
LEAD
LIKELY TO TEST 77 UPTO 75 WITH ANY BREAK & CLOSE BELOW 81, WHILE ONLY CLOSE ABOVE 99-100 SEEN BULLISH RALLY SHARP (SEP)
NAT GAS
LIKELY TO TEST 420/440 WITH ANY BREAK & CLOSE ABOVE 407, WHILE CLOSE BELOW 340 TEST 320 TOWARDS 305 (SEP)
MCXARUN
9994500540
LIKELY TO TEST $ 126 UPTO 128 WITH ANY BREAK & CLOSE ABOVE $ 122, WHILE CLOSE BELOW $ 112-111.5 TEST $ 106-5 TOWARDS $ 102 IN COMING DAYS(OCT)
ZINC
LIKELY TO TEST 83.75/85.5 WITH ANY BREAK & CLOSE ABOVE 81.75, WHILE CLOSE BELOW 77.5 TEST 75.75/73.5, ONLY ABOVE 86 BULLISH RALLY (SEP)
NICKEL
LIKELY TO TEST 965-70/TOWARDS 980 WITH ANY BREAK & CLOSE ABOVE 945, WHILE CLOSE BELOW 875 TEST 950-935 IN COMING DAYS (SEP)
ALUMINUM
LIKELY TO TEST 126/129 UPTO 132 WITH ANY BREAK & CLOSE ABOVE 124, WHILE CLOSE BELOW 117 TEST 114-13, BELOW DOWN RALLY (SEP)
LEAD
LIKELY TO TEST 77 UPTO 75 WITH ANY BREAK & CLOSE BELOW 81, WHILE ONLY CLOSE ABOVE 99-100 SEEN BULLISH RALLY SHARP (SEP)
NAT GAS
LIKELY TO TEST 420/440 WITH ANY BREAK & CLOSE ABOVE 407, WHILE CLOSE BELOW 340 TEST 320 TOWARDS 305 (SEP)
MCXARUN
9994500540
Wednesday, August 27, 2008
safe trade calls
GOLD
Continue to view as long Resistance 11875/11950, down trend continue. for the day sell below 11715 S/L 11735 and T/p 11690/655/630/11590/sustain below down rally OR buy only abv 11875 S/L 11850 and T/p 11910-940/towards 11980 (any time close above 11950/ 12680/12950/13550/13850 bullish while close below 11275/11125 bearish for medium term)
SILVER
As long Resistance 20600 down trend likely to continue. for the day sell below 20200 S/L 20275 and T/p 20125-20050/ towards 19950 OR buy only abv 20600 S/L 20530 and T/p 20700-800/21000, sustain below 19800 seen down rally sharp (any time close below 19200-18900 bearish rally while close above 20600/21900/22850/25000/26100/ 27250/28000 bullish for medium term)
CRUDE
Crude oil inventory schedule to release today at 8.05 PM. Continue to view as long Resistance of 5210/5290, down trend likely to continue. for the day sell below 5040 S/L 5060 and T/p 5000/4955-60/sustain below seen down rally OR sell ard 5240-45 S/L 5250 and T/p 5215/5170, only sustain abv 5250 & 5290 trigger buy call now (now crude need to close above 5290/5475/5710/ 6375 for bullish rally while close below 4865/4760 bearish for medium term)
COPPER
Continue to view as long Resistance of 339 & 340.5, down trend continue. book profit on sell below 335.5, fresh sell below 328 S/L 329.5 and T/p 326-25/ 323 OR sell ard 338.2-338.5 S/L 339 and T/p 339.5/334 (upside strong rally only on close above 340.5/351/ 360.5/ 371/387.5/398 while close below 312/ 302/289/265/251.5/235 bearish for medium term)
MCXARUN
9994500540
Continue to view as long Resistance 11875/11950, down trend continue. for the day sell below 11715 S/L 11735 and T/p 11690/655/630/11590/sustain below down rally OR buy only abv 11875 S/L 11850 and T/p 11910-940/towards 11980 (any time close above 11950/ 12680/12950/13550/13850 bullish while close below 11275/11125 bearish for medium term)
SILVER
As long Resistance 20600 down trend likely to continue. for the day sell below 20200 S/L 20275 and T/p 20125-20050/ towards 19950 OR buy only abv 20600 S/L 20530 and T/p 20700-800/21000, sustain below 19800 seen down rally sharp (any time close below 19200-18900 bearish rally while close above 20600/21900/22850/25000/26100/ 27250/28000 bullish for medium term)
CRUDE
Crude oil inventory schedule to release today at 8.05 PM. Continue to view as long Resistance of 5210/5290, down trend likely to continue. for the day sell below 5040 S/L 5060 and T/p 5000/4955-60/sustain below seen down rally OR sell ard 5240-45 S/L 5250 and T/p 5215/5170, only sustain abv 5250 & 5290 trigger buy call now (now crude need to close above 5290/5475/5710/ 6375 for bullish rally while close below 4865/4760 bearish for medium term)
COPPER
Continue to view as long Resistance of 339 & 340.5, down trend continue. book profit on sell below 335.5, fresh sell below 328 S/L 329.5 and T/p 326-25/ 323 OR sell ard 338.2-338.5 S/L 339 and T/p 339.5/334 (upside strong rally only on close above 340.5/351/ 360.5/ 371/387.5/398 while close below 312/ 302/289/265/251.5/235 bearish for medium term)
MCXARUN
9994500540
Tuesday, August 26, 2008
GENERAL MARKET CONDITIONS
One should enjoy the consolidation days in metals and energies. Consolidation days with very low volatility have become scarce these days. Its also suggests the command the UK has over all foreign exchange markets and commodity markets. Once again the US dollar and crude oil prices will be the key to all commodities. Base metals should remain firm/rise as Chinese demand picks up. Markets will be looking forward to the FOMC minutes for direction today.
Pit trading is closed in US on Monday (1st September) due to Labor Day. Volumes will fall as the week progresses. There will be position squaring and rebuilding ahead of the holiday. Traders will also be taking positions for the US non farm payrolls on 5th September. All these will only increase the volatility for the weeks ahead.
Zinc, lead and Nickel can rise on month end short covering. China will open slowly its factories which were closed due to Olympics which will result in greater demand for these metals and firm prices. Technically also these metals are in medium term oversold zone. Physical demand of gold and silver will remain firm and premiums will also remain high.
LME COPPER (3 MONTHS)
Copper has to break the $7800-$8000 zone for $8450. Sellers will emerge this week only if copper falls below $7625.
MCXARUN
9994500540
Pit trading is closed in US on Monday (1st September) due to Labor Day. Volumes will fall as the week progresses. There will be position squaring and rebuilding ahead of the holiday. Traders will also be taking positions for the US non farm payrolls on 5th September. All these will only increase the volatility for the weeks ahead.
Zinc, lead and Nickel can rise on month end short covering. China will open slowly its factories which were closed due to Olympics which will result in greater demand for these metals and firm prices. Technically also these metals are in medium term oversold zone. Physical demand of gold and silver will remain firm and premiums will also remain high.
LME COPPER (3 MONTHS)
Copper has to break the $7800-$8000 zone for $8450. Sellers will emerge this week only if copper falls below $7625.
MCXARUN
9994500540
safe trade calls
GOLD
Continue to view as long Resistance 11875/11950, down trend continue. for the day sell only below 11625-595 S/L 11655 and T/p 11560-525/11460/sustain below towards 11300 in coming days OR sell ard 11860-65 S/L 11870 and T/p 11820 upto 11770 only sustain abv 11875 & 11950 trigger buy call now (any time close above 11950/12680/12950/ 13550/13850 bullish while close below 11275/11125 bearish for medium term)
SILVER
book profit on sell ard 20330-340, fresh sell only below 20050 S/L 20125 and T/p 19975-900/19800/below down rally OR sell ard 20560-70 S/L 20600 and T/p 20475-20350, only sustain abv 20600 trigger buy call now (any time close below 19200-18900 bearish rally while close above 20600/21900/22850/25000/ 26100/27250/28000 bullish for medium term)
CRUDE
PRICE TURN ALMOST FROM OUR GIVEN LEVELS Continue to view as long Resistance of 5210/5290, down trend likely to continue. for the day sell only below 4975 & 4960 S/L 5000 and T/p 4920-4905/4865-70/sustain below down rally sharp OR sell ard 5140-45 S/L 5150 and T/p 5115-5100 (now crude need to close above 5290/5475/5710/ 6375 for bullish rally while close below 4865/4760 bearish for medium term)
COPPER
As long Resistance of 338.5 & 340.5, down trend continue. for the day sell below 335.5 S/L 336.75 and T/p 333.75-333/331/329.5/sustain below down rally OR buy only abv 340.5 S/L 339.25 and T/p 342-344/upto 346.5 (upside strong rally only on close above 340.5/351/ 360.5/371/387.5/398 while close below 312/302/289/265/251.5/235 bearish for medium term)
MCXARUN
9994500540
Continue to view as long Resistance 11875/11950, down trend continue. for the day sell only below 11625-595 S/L 11655 and T/p 11560-525/11460/sustain below towards 11300 in coming days OR sell ard 11860-65 S/L 11870 and T/p 11820 upto 11770 only sustain abv 11875 & 11950 trigger buy call now (any time close above 11950/12680/12950/ 13550/13850 bullish while close below 11275/11125 bearish for medium term)
SILVER
book profit on sell ard 20330-340, fresh sell only below 20050 S/L 20125 and T/p 19975-900/19800/below down rally OR sell ard 20560-70 S/L 20600 and T/p 20475-20350, only sustain abv 20600 trigger buy call now (any time close below 19200-18900 bearish rally while close above 20600/21900/22850/25000/ 26100/27250/28000 bullish for medium term)
CRUDE
PRICE TURN ALMOST FROM OUR GIVEN LEVELS Continue to view as long Resistance of 5210/5290, down trend likely to continue. for the day sell only below 4975 & 4960 S/L 5000 and T/p 4920-4905/4865-70/sustain below down rally sharp OR sell ard 5140-45 S/L 5150 and T/p 5115-5100 (now crude need to close above 5290/5475/5710/ 6375 for bullish rally while close below 4865/4760 bearish for medium term)
COPPER
As long Resistance of 338.5 & 340.5, down trend continue. for the day sell below 335.5 S/L 336.75 and T/p 333.75-333/331/329.5/sustain below down rally OR buy only abv 340.5 S/L 339.25 and T/p 342-344/upto 346.5 (upside strong rally only on close above 340.5/351/ 360.5/371/387.5/398 while close below 312/302/289/265/251.5/235 bearish for medium term)
MCXARUN
9994500540
Monday, August 25, 2008
safe trade calls
GOLD
Continue to view as long Resistance 11875/11950, down trend continue. for the day sell below 11610-595 S/L 11640 and T/p 11560-525/11460/sustain below towards 11300 in coming days OR sell ard 11860-65 S/L 11870 and T/p 11820 upto 11770 (any time close above 11950/12680/12950/13550/13850 bullish while close below 11275/11125 bearish for medium term)
SILVER
we book profit on sell below 20075, for the day sell below 19800 S/L 19910 and T/p 19700/600/490/sustain below towards 19200 in coming days OR sell ard 20330-40 S/L 20360 and T/p 20230-170/20100, only abv 20600 trigger buy call now (any time close below 19200-18900 bearish rally while close above 20600/21900/22850/25000/26100/ 27250/28000 bullish for medium term)
CRUDE
As long Resistance of 5210/5290, down trend likely to continue. book profit on sell below 5225, fresh sell below 4950 S/L 4980 and T/p 4920-4905/4865-70/ sustain below down rally OR sell ard 5090-95 S/L 5100 and T/p 5065-45 (now crude need to close above 5290/5475/ 5710/6375 for bullish rally while close below 4865/4760 bearish for medium term)
COPPER
LME Closed today for Market Holiday As long Resistance of 337 & 340.5, down trend continue. for the day sell below 329.5-329 S/L 331 and T/p 327.5/ 325/323/sustain below towards 317 in coming days OR sell ard 336.2-336.5 S/L 337 and T/p 334.5/332.5(upside strong rally only on close above 340.5/ 351/360.5/371/387.5/398 while close below 312/302/289/265/251.5/235 bearish for medium term)
MCXARUN
9994500540
Continue to view as long Resistance 11875/11950, down trend continue. for the day sell below 11610-595 S/L 11640 and T/p 11560-525/11460/sustain below towards 11300 in coming days OR sell ard 11860-65 S/L 11870 and T/p 11820 upto 11770 (any time close above 11950/12680/12950/13550/13850 bullish while close below 11275/11125 bearish for medium term)
SILVER
we book profit on sell below 20075, for the day sell below 19800 S/L 19910 and T/p 19700/600/490/sustain below towards 19200 in coming days OR sell ard 20330-40 S/L 20360 and T/p 20230-170/20100, only abv 20600 trigger buy call now (any time close below 19200-18900 bearish rally while close above 20600/21900/22850/25000/26100/ 27250/28000 bullish for medium term)
CRUDE
As long Resistance of 5210/5290, down trend likely to continue. book profit on sell below 5225, fresh sell below 4950 S/L 4980 and T/p 4920-4905/4865-70/ sustain below down rally OR sell ard 5090-95 S/L 5100 and T/p 5065-45 (now crude need to close above 5290/5475/ 5710/6375 for bullish rally while close below 4865/4760 bearish for medium term)
COPPER
LME Closed today for Market Holiday As long Resistance of 337 & 340.5, down trend continue. for the day sell below 329.5-329 S/L 331 and T/p 327.5/ 325/323/sustain below towards 317 in coming days OR sell ard 336.2-336.5 S/L 337 and T/p 334.5/332.5(upside strong rally only on close above 340.5/ 351/360.5/371/387.5/398 while close below 312/302/289/265/251.5/235 bearish for medium term)
MCXARUN
9994500540
Subscribe to:
Posts (Atom)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_ujozfOdPKwsTpppfmTA8vyoJyiQzhv1HxKJZkkaLY2dXOvndZcPEm_nusyFMJCYzZysKNxekAI7eZ0YAQtbiqKi8ymyieOyoOQdILJ5zOzCbk9A7uknl-P3Tz-U8lf9AKd3Q=s0-d)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_uTdS6Bx4aFWgHPYGNSAxFUMSwwOy5kSyxGIqEXORyo1YF5XCKEji5p15WB2kJ58EUpwljkIsBhVEj8mWHF_5sZutvcTmvSPpqtFzhbg0Jv3Mwe3bhuCQ9setmJ8j5a37v1q6-W=s0-d)
![[Most Recent Quotes from www.kitco.com]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_um49tG9wYwLd2Pl9GRe2s2nwGZG6aF-pKnlZktpb2PZdR73qbcCanRCj1qdPhoxmhCD45gz6Spp9lZaLlvOpTvVXd_5auxta24FC4zpW-A39LOR9YaEx2JV9s=s0-d)
