GOLD
Continue to view, as long Resistance 11750/11825 & 11900, down trend likely to continue. for the day sell below 11550 S/L 11610 and T/p 11490-500/ 11450/sustain below towards 11300 in coming days OR sell ard 11815-820 S/L 11830 and T/p 11750 -710 (any time close above 11900/12375/12850/13600/ 14325 bullish while close below 11450/ 11290-250 bearish for medium term)
SILVER
SINCE LAST 20-DAYS OUR DAILY VIEW WAS "as long Resist 17750 down trend continue" AND PRICE ATTEMPT ALMOST 5-6 TIMES ABV 17300 AND FALL TO 16000 YESTERDAY. Continue to view as long Resist of 16575 & 16825 down trend likely to continue. book profit on sell below 16850-800/16550/16500-475, for the day sell only below 16000 S/L 16100 and T/p 15900-800/close below 16000 test 15400 atleast in coming days OR sell ard 16540-560 S/L 16575 and T/p 16430-16350 (any time close below 15975 bearish rally while close above 17750/19000/20550/21400/ 22150/25250/26350/27475/ 28000 bullish for medium term)
CRUDE
Continue to view, as long Resistance 2870 & 2950, down trend likely to continue. for the day sell only below 2750 S/L 2770 and T/p 2725-2710 OR sell ard 2912-18 S/L 2925 and T/p 2870-2840 (now crude need to close above 3150/3450/3765/4120/4400/4800/5000/ 5290 for bullish rally while close below 2750 bearish for medium term)
COPPER
PRICE TURN EXACT FROM OUR GIVEN RESISTANCE=186 AS DAYS HIGH WAS 185.95. Continue to view, as long Resistance of 191 & 199, down trend likely to continue. for the day sell only below 180.5 S/L 182.25 and T/p 179.50/177/sustain close below 179.5 towards 165-170 in coming days OR sell ard 190.2-190.5 S/L 191 and T/p 188-187 (upside strong rally only on close above 199/215/234.5/248/270/ 305/316/327/339/351.25/360.5/387/398 while close below 179.5 bearish for medium term)
MCXARUN
9994500540
Friday, November 14, 2008
long view caals
CRUDE OIL NYMEX
LIKELY TO $ 52 / 50 TOWARDS $ 45 WITH ANY BREAK & CLOSE BELOW $ 54.50, ONLY CLOSE ABOVE $ 65.50 & $ 72 CONFIRMS THIS DOWN TREND COMPLETED TEMPORARILY
COPPER
LIKELY TO TEST 175 ATLEAST / TOWARDS 165 WITH ANY BREAK & CLOSE BELOW 179.50, ONLY CLOSE ABOVE 199 SOME UPSIDE AGAIN(NOV)
ZINC
LIKELY TO TEST 48 UPTO 45 WITH ANY BREAK & CLOSE BELOW 52, ONLY CLOSE ABOVE 64 MAKE SOME UPTREND AGAIN (NOV)
MCXARUN
9994500540
LIKELY TO $ 52 / 50 TOWARDS $ 45 WITH ANY BREAK & CLOSE BELOW $ 54.50, ONLY CLOSE ABOVE $ 65.50 & $ 72 CONFIRMS THIS DOWN TREND COMPLETED TEMPORARILY
COPPER
LIKELY TO TEST 175 ATLEAST / TOWARDS 165 WITH ANY BREAK & CLOSE BELOW 179.50, ONLY CLOSE ABOVE 199 SOME UPSIDE AGAIN(NOV)
ZINC
LIKELY TO TEST 48 UPTO 45 WITH ANY BREAK & CLOSE BELOW 52, ONLY CLOSE ABOVE 64 MAKE SOME UPTREND AGAIN (NOV)
MCXARUN
9994500540
Wednesday, November 12, 2008
Crude Outlook – 12th Nov, 2008
U.S. crude futures settled on Tuesday below $60 a barrel for the first time since March 2007 as demand concerns due to the ailing world economy .Crude futures fell sharply even after a fresh indication from OPEC of another output cut.
China's stimulus packages also failed to hold energy prices at higher levels. China launched an economic stimulus package on Sunday worth nearly $600 billion for supporting ailing economy. This plan is for 2 years and Funds from the stimulus package will be spent in ten major areas that include low-income housing, rural infrastructure, water, electricity, transportation and improvements in the environment. And also expected it will improve the current global economic condition by improving the domestic demand.
In the last week, Crude oil fell to a 22 month low of $59.97 and ended at $61.33 a barrel as concerns about a slowing global economy curbing already slowed oil demand. The falling in oil also supported by the surprise report of a build in U.S. gasoline inventories, which indicated that demand remains weak and crude inventories were flat after five consecutive reports of builds at 0.50 mln barrels. U.S. total oil product demand in the past four weeks fell to 19.10 million barrels per day, down 6.7 percent from a year ago, the EIA reported.
Oil price had touched an all-time high of $147.27 a barrel on 11th July but has corrected from there in the succeeding weeks.
Light, sweet crude oil for November delivery in the New York Mercantile Exchange traded in the range $58.60 - $62.1, before settling at $59 a barrel yesterday.
Weekly Crude Oil (DWTI NOVE.)
Expected to trade within the range of $ 63.10 to $59, breaking of either a side makes the direction, Resistances are $65.60 $69, $71.30, Supports seen at $57.20, $53.60 and$ 49.80.
DWTI (November) traded in the range $61.10 - $58.70 and closed at $59.33
TECHNICAL OUTLOOK (Intra-day)
DGCX Crude (November) - Bullish above $59.78; bearish below $59.30
MCXARUN
9994500540
China's stimulus packages also failed to hold energy prices at higher levels. China launched an economic stimulus package on Sunday worth nearly $600 billion for supporting ailing economy. This plan is for 2 years and Funds from the stimulus package will be spent in ten major areas that include low-income housing, rural infrastructure, water, electricity, transportation and improvements in the environment. And also expected it will improve the current global economic condition by improving the domestic demand.
In the last week, Crude oil fell to a 22 month low of $59.97 and ended at $61.33 a barrel as concerns about a slowing global economy curbing already slowed oil demand. The falling in oil also supported by the surprise report of a build in U.S. gasoline inventories, which indicated that demand remains weak and crude inventories were flat after five consecutive reports of builds at 0.50 mln barrels. U.S. total oil product demand in the past four weeks fell to 19.10 million barrels per day, down 6.7 percent from a year ago, the EIA reported.
Oil price had touched an all-time high of $147.27 a barrel on 11th July but has corrected from there in the succeeding weeks.
Light, sweet crude oil for November delivery in the New York Mercantile Exchange traded in the range $58.60 - $62.1, before settling at $59 a barrel yesterday.
Weekly Crude Oil (DWTI NOVE.)
Expected to trade within the range of $ 63.10 to $59, breaking of either a side makes the direction, Resistances are $65.60 $69, $71.30, Supports seen at $57.20, $53.60 and$ 49.80.
DWTI (November) traded in the range $61.10 - $58.70 and closed at $59.33
TECHNICAL OUTLOOK (Intra-day)
DGCX Crude (November) - Bullish above $59.78; bearish below $59.30
MCXARUN
9994500540
Gold Outlook – 12th Nov, 2008
US Gold futures fell yesterday as strong dollar, as well as liquidation pressure because of a tight credit market. Deteriorating global economy and weaker equities, investors cut riskier assets also weighed on gold prices.
Weakness in crude price is another factor affected the precious metals movements. U.S. crude futures settled on Tuesday below $60 a barrel for the first time since March 2007 as demand concerns due to the ailing world economy .Crude futures fell sharply even after a fresh indication from OPEC of another output cut.
China's stimulus packages also failed to hold energy prices at higher levels. China launched an economic stimulus package on Sunday worth nearly $600 billion for supporting ailing economy. This plan is for 2 years and Funds from the stimulus package will be spent in ten major areas that include low-income housing, rural infrastructure, water, electricity, transportation and improvements in the environment. And also expected it will improve the current global economic condition by improving the domestic demand.
At the same time the U.S. Labour Department said that the unemployment rate increased from 6.1% to 6.5% in October, the highest in fourteen years. Non-farm payrolls declined 240,000 in October, a bigger loss than was expected as-200 k.
In the last week US Gold futures recovered despite steady dollar and weak oil prices. Most of the data’s released in the last week were mixed in US and resultant a range bound movements in dollar.
International spot gold traded in the range $749
- $726.10 a Troy Ounce and last quoted at $745.5.
Weekly Outlook (DG. OCT.)
Expected to trade within the range $761.80 to $727, breaking of either a side makes the direction, Resistances are $745 $762, $778, Supports seen at $717, $707 and$ 683.
Last day DGCX Gold Dec. traded in the range $746– $726.50and closed at $733.90
TECHNICAL OUTLOOK (Intra-day)
GOLD (Dec) - Bullish above $ 737.50 bearish below $ 732.50
MCXARUN
9994500540
Weakness in crude price is another factor affected the precious metals movements. U.S. crude futures settled on Tuesday below $60 a barrel for the first time since March 2007 as demand concerns due to the ailing world economy .Crude futures fell sharply even after a fresh indication from OPEC of another output cut.
China's stimulus packages also failed to hold energy prices at higher levels. China launched an economic stimulus package on Sunday worth nearly $600 billion for supporting ailing economy. This plan is for 2 years and Funds from the stimulus package will be spent in ten major areas that include low-income housing, rural infrastructure, water, electricity, transportation and improvements in the environment. And also expected it will improve the current global economic condition by improving the domestic demand.
At the same time the U.S. Labour Department said that the unemployment rate increased from 6.1% to 6.5% in October, the highest in fourteen years. Non-farm payrolls declined 240,000 in October, a bigger loss than was expected as-200 k.
In the last week US Gold futures recovered despite steady dollar and weak oil prices. Most of the data’s released in the last week were mixed in US and resultant a range bound movements in dollar.
International spot gold traded in the range $749
- $726.10 a Troy Ounce and last quoted at $745.5.
Weekly Outlook (DG. OCT.)
Expected to trade within the range $761.80 to $727, breaking of either a side makes the direction, Resistances are $745 $762, $778, Supports seen at $717, $707 and$ 683.
Last day DGCX Gold Dec. traded in the range $746– $726.50and closed at $733.90
TECHNICAL OUTLOOK (Intra-day)
GOLD (Dec) - Bullish above $ 737.50 bearish below $ 732.50
MCXARUN
9994500540
safe trade calls
GOLD
Continue to view, as long Resistance 11825 & 11900, down trend likely to continue. for the day sell below 11550 S/L 11585 and T/p 11500-450/sustain below towards 11300 in coming days OR sell ard 11810-820 S/L 11825 and T/p 11750-710 (any time close above 11900/12375/12850/13600/14325 bullish while close below 11450/11290-250 bearish for medium term)
SILVER
Continue to view as long Resist of 17050/17300/17550 & 17750 down trend likely to continue. book profit on sell below 16850-800, for the day sell below 16550 & more below 16490 S/L 16625 and T/p 16300 & 16100 and close below 16100 test 15400 atleast in coming days OR sell ard 17120-130 S/L 17150 and T/p 17000-16900 (any time close below 16100-15975 bearish rally while close above 17750/19000/20550/21400/ 22150/25250/26350/27475/28000 bullish for medium term)
CRUDE
Crude oil Inventory Schedule to release 2morrow. Continue to view, as long Resistance 3025/3150, down trend likely to continue. for the day sell only below 2860 & more below 2845 S/L 2885 and T/p 2800-2770 OR sell ard 2960-65 S/L 2970 and T/p 2935-2905 (now crude need to close above 3150/ 3450/3765/4120/4400/4800/5000/5290 for bullish rally while close below 2840 bearish for medium term)
COPPER
Continue to view, as long Resistance of 191 & 199, down trend likely to continue. book profit on sell below 187, for the day sell only below 180.5 S/L 181.75 and T/p 179-177/sustain below towards 165-170 in coming days OR sell ard 186.2-186.5 S/L 187 and T/p 185.5/183.5 (upside strong rally only on close above 199/215/234.5/248/270/ 305/316/327/339/351.25/360.5/387/398 while close below 180.5 bearish for medium term)
MCXARUN
9994500540
Continue to view, as long Resistance 11825 & 11900, down trend likely to continue. for the day sell below 11550 S/L 11585 and T/p 11500-450/sustain below towards 11300 in coming days OR sell ard 11810-820 S/L 11825 and T/p 11750-710 (any time close above 11900/12375/12850/13600/14325 bullish while close below 11450/11290-250 bearish for medium term)
SILVER
Continue to view as long Resist of 17050/17300/17550 & 17750 down trend likely to continue. book profit on sell below 16850-800, for the day sell below 16550 & more below 16490 S/L 16625 and T/p 16300 & 16100 and close below 16100 test 15400 atleast in coming days OR sell ard 17120-130 S/L 17150 and T/p 17000-16900 (any time close below 16100-15975 bearish rally while close above 17750/19000/20550/21400/ 22150/25250/26350/27475/28000 bullish for medium term)
CRUDE
Crude oil Inventory Schedule to release 2morrow. Continue to view, as long Resistance 3025/3150, down trend likely to continue. for the day sell only below 2860 & more below 2845 S/L 2885 and T/p 2800-2770 OR sell ard 2960-65 S/L 2970 and T/p 2935-2905 (now crude need to close above 3150/ 3450/3765/4120/4400/4800/5000/5290 for bullish rally while close below 2840 bearish for medium term)
COPPER
Continue to view, as long Resistance of 191 & 199, down trend likely to continue. book profit on sell below 187, for the day sell only below 180.5 S/L 181.75 and T/p 179-177/sustain below towards 165-170 in coming days OR sell ard 186.2-186.5 S/L 187 and T/p 185.5/183.5 (upside strong rally only on close above 199/215/234.5/248/270/ 305/316/327/339/351.25/360.5/387/398 while close below 180.5 bearish for medium term)
MCXARUN
9994500540
important datas
Wednesday, 12 November 2008
all times GMT
(last release in parentheses)
0030 Australia November Westpac consumer confidence (-11.0%)
0030 Australia Q3 wage cost index (1.2% q/q)
0030 Australia Q3 wage cost index (4.2% y/y)
0100 Australia Secretary Henry speaks
0500 Japan October consumer confidence (31.4)
0930 UK October jobless claims, change (31,800)
0930 UK October claimant count rate (2.9%)
0930 UK September ILO unemployment rate (5.7%)
0930 UK September average earnings
0930 UK September unit wage cost, manufacturing
1000 Eurozone September industrial production (1.1% m/m)
1000 Eurozone September industrial production (-0.7% y/y)
1030 UK Bank of England quarterly inflation report
1200 US MBA mortgage applications
2130 NZ October performance of manufacturing index
2145 NZ September retail sales (0.4%)
2350 Japan October domestic corporate goods price index (-0.4% m/m)
2350 Japan October domestic corporate goods price index (6.8% y/y)
2350 Japan Foreign purchases of Japanese equities and bonds
2350 Japan Japanese purchases of foreign equities and bonds
all times GMT
(last release in parentheses)
0030 Australia November Westpac consumer confidence (-11.0%)
0030 Australia Q3 wage cost index (1.2% q/q)
0030 Australia Q3 wage cost index (4.2% y/y)
0100 Australia Secretary Henry speaks
0500 Japan October consumer confidence (31.4)
0930 UK October jobless claims, change (31,800)
0930 UK October claimant count rate (2.9%)
0930 UK September ILO unemployment rate (5.7%)
0930 UK September average earnings
0930 UK September unit wage cost, manufacturing
1000 Eurozone September industrial production (1.1% m/m)
1000 Eurozone September industrial production (-0.7% y/y)
1030 UK Bank of England quarterly inflation report
1200 US MBA mortgage applications
2130 NZ October performance of manufacturing index
2145 NZ September retail sales (0.4%)
2350 Japan October domestic corporate goods price index (-0.4% m/m)
2350 Japan October domestic corporate goods price index (6.8% y/y)
2350 Japan Foreign purchases of Japanese equities and bonds
2350 Japan Japanese purchases of foreign equities and bonds
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