| Find below Commodity Trading strategy for the day (1 July’11) or two only. | ||||||||
| Commodity | Exchange | Contract | S2 | S1 | Close | R1 | R2 | View |
| Gold | MCX | Aug’ 11 | 21750 | 21850 | 21904 | 22225 | 22450 | I WAS BEARISH SINCE LAST 1-WEEK IN REPORT Dt. 23-6-2011 WHEN PRICE BREAKS 22575 AND SEE MY POSITIONAL TARGET 21900 ACHIEVED ** THIS WAS MY VIEW IN LAST THURSDAYS REPORT Dt. 23-6-2011 (sell only below 22575 S/L 22600 and T/p 22440-400/below down Rally towards 22310-280-22225/below towards 22050-21900 in coming days) AND SEE WITHIN ONLY 1-WEEK SEE YESTERDAYS LOW WAS 21882 Continue to view Expect Price towards 21500-21450-21200 as long Resistance at 22200-22225. for the day sell only below 21850 S/L 21875 and T/p 21750-21650 OR sell ard 22110-115 S/L 22125 and T/p 22040-21960 |
| Silver | MCX | July’ 11 | 49750 | 50300 | 50963 | 51500 | 52300 | Continue to view expect Price towards 49750 as long Resistance at 52300. and anytime Sustain Close below 49750 seen towards 47000-45000-43000 in coming days. for the day sell only below 50550 S/L 50650 and T/p 50300-50000-49750/below new down Rally OR sell ard 52070-52080 S/L 52100 and T/p 51800-51600-51350 |
| Crude Oil | MCX | July’ 11 | 4160 | 4190 | 4241 | 4310 | 4350 | Continue to view expect Price towards 4000-3950 as long Resistance at 4310. we book profit on sell below 4250, fresh sell below 4215 S/L 4235 and T/p 4195-4180/4120-4080-4060/below down Rally OR buy only abv 4310 S/L 4298 and T/p 4350-75/towards 4500 in coming days |
| Copper | MCX / NCDEX | Aug’ 11 | 414.5 | 419 | 421.8 | 425.5 | 429.5 | THIS WAS MY VIEW IN WEDNESDAYS REPORT (buy only abv 411 S/L 409.5 and T/p 413.5/abv 413.5 seen Uptrend towards 416.5-420.5) AND SEE YESTERDAYS HIGH WAS 421.5 Continue to view expect Price towards 425-426/Close abv 426 seen towards 430-445 in coming days. buy abv 423.5 S/L 421 and T/p 425.5/ abv Upraly |
| S1=First support S2=second support R1=first resistance and R2=second resistance | ||||||||
| S/L= Stop Loss and T/P= Target Price and Ard=around. | ||||||||
| Always prefer to short below S2 with S/L of S1 and buy above R2 with S/L of R1 | ||||||||
| QUICK LOOK ON WHAT WE RECOMMENDED YESTERDAY & HOW MARKET MOVE | ||||||||
| GOLD | ||||||||
| SELL BELOW 22060 S/L 22080 AND T/P 22025/21950-21900 OR BUY ABV 22225 S/L 22200 AND T/P 22350-22400 | ||||||||
| OPEN – 22131 HIGH – 22180 AND LOW – 21882 | ||||||||
| SILVER | ||||||||
| SELL BELOW 51700 & 51650 S/L 51800 AND T/P 51450-50950/50550-50300/49750/DOWN RALLY OR SELL ARD 53020-53030 S/L 53050 AND T/P 52800-52500-52300 | ||||||||
| OPEN – 52080 HIGH – 52300 AND LOW – 50800 | ||||||||
| CRUDE OIL | ||||||||
| SELL BELOW 4250 S/L 4265 AND T/P 4235-4205-4180-4160-41204080-4060/BELOW TOWARDS 3950 OR BUY ABV 4310 S/L 4298 AND T/P 4350-75/4500 | ||||||||
| OPEN –4272 HIGH –4283 LOW –4196 AND CLOSE -4241 | ||||||||
| COPPER | ||||||||
| BUY ABV 419 S/L 418 AND T/P 420.5/ABV NEW UPRALLY OR SELL BELOW 414 S/L 415.3 AND T/P 410.5/408/405.5/402.75/399-396 | ||||||||
| OPEN – HIGH – AND LOW – | ||||||||
