| Find below Commodity Trading strategy for the day (5 July’11) or two only. | ||||||||
| Commodity | Exchange | Contract | S2 | S1 | Close | R1 | R2 | View |
| Gold | MCX | Aug’ 11 | 21450 | 21600 | 21742 | 21900 | 22225 | Copntinue to view Expect Price towards 21500-21450-21200 as long Resistance at 21900/22200-22225. we book profit on sell below 21850, fresh sell below 21700 S/L 21720 and T/p 21625-600/ 21500-21450 OR sell ard 22085-95 S/L 22100 and T/p 22000-21875 |
| Silver | MCX | Sep’ 11 | 50400 | 50750 | 51468 | 51700 | 52150 | Continue to view expect Price towards 50400 as long Resistance at 52500/ 53350 and anytime Sustain Close below 50400 seen towards 46400-45800-43800 in coming days. for the day sell only below 51100 S/L 51200 and T/p 50950-50800-50400/below down Rally OR sell ard 52670-52680 S/L 52700 and T/p 52250-51650 |
| Crude Oil | MCX | July’ 11 | 4060 | 4160 | 4225 | 4310 | 4350 | Continue to view expect Price towards 4000-3950 as long Resistance at 4310. for the day sell below 4200 S/L 4212 and T/p 4180-4160/4120-4080-4060/ 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 | 424.35 | 429.5 | 438.5 | Continue to view expect Price towards towards 430-445 in coming days as long Support at 419. for the day buy only abv 424.5 & more abv 425.5 S/L 423.5 and T/p 427.5/429.5-430/abv towards 445 in coming days OR sell only below 419 S/L 420.5 and T/p 415-411.5/towards 405 in coming days |
| 18650, Uptrend again expected again | ||||||||
| 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 21700 S/L 21720 AND T/P 21625-600/21500 OR SELL ARD 22110-115 S/L 22125 AND T/P 22040-21960 | ||||||||
| OPEN – 21711 HIGH – 21758 AND LOW – 21711 | ||||||||
| SILVER | ||||||||
| SELL BELOW 51150 S/L 51250 AND T/P 50950-800/50400/49750/DOWN RALLY OR SELL ARD 52270-52280 S/L 52300 AND T/P 51900-51650 | ||||||||
| OPEN – 51400 HIGH – 51645 AND LOW – 51187 | ||||||||
| CRUDE OIL | ||||||||
| SELL BELOW 4235 S/L 4245 AND T/P 4180-4160/4195-4180/4120-4080-4060/BELOW TOWARDS 3950 OR BUY ABV 4310 S/L 4298 AND T/P 4350-75/4500 < /SPAN> | ||||||||
| OPEN –4246 HIGH –4257 LOW –4221 AND CLOSE -4225 | ||||||||
| COPPER | ||||||||
| BUY ABV 428 S/L 426.5 AND T/P 429.5-430/ABV NEW UPRALLY | ||||||||
| OPEN –426.75 HIGH – 427.7 AND LOW – 423.15 | ||||||||
