Sunday, March 27, 2011

Intraday Tips For Commodity


GOLD TIPS : (APRIL - 2011) : Last it was show some selling pressure at higher level and unable to cross and sustained 21048 and finally made a low of 20715 and closed at 20839. Over all short term trend is down and fresh and sharp move only above 21000 level if crossover with volume. On the lower side strong support range 20700 , decisively break will invite some correction and may test 20500, thereafter over all selling in the market.

SILVER TIPS : (May - 2011) : High volatile counter, initially week it was made a low of 53246 but support were saw resulted high 56555 but unable to hold higher level due to profit booking and finally closed at 55455. Our trend is bullish and decline to buy side strategy to be adopted. Higher support watch 55000 as remain we can expected first target 56900. 58000-58300. Lower level support was 53615-55450 watch out. Above....... Bull favour and hold long position.
Trend Decider of this week is 55085.

LEAD TIPS (MARCH) : Last week strong show this commodity and made a high of 123.95 and low was made at 119.25 and finally closed at 121.35. Over all trend is bullish and decline to buy side. Short term support is 119 watch out.
Trend Decider of this week : 121.50

NICKEL TIPS (March) : Over all trend is bullish but higher level some profit booking can not be ruled out. Last week it was made a high of 1226 after low of 1182 and finally closed at 1217. In this week down side strong support 1200-12005 and decisively break will come down, higher level resistance 1234-1252 watch out.
Trend Decider of this week is : 1208.
COPPER TIPS (April) : Last week it was made a low of 426 and some buying were saw resulted made a high 442 but unable to close above that level. Over all long term trend is very bullish on weekly chart and any decline to buy side. In this week, we may consider strong support 435 and support is 431-420 range, whereas the resistance 445-452. 

ALUMINIUM TIPS  (MARCH-11) : Small trading range last week 117.55 but unable to sustained and closed above that resistance level. Down side support 115 watch out and resistance 117.50.. close above that level will move further
Trend Decider of this week : 116.25

NATURAL GAS  TIPS (MARCH) :Last week price gained more than 3% in NYMEX due emergency shutdown of Japanees Nuclear plant due to earthquake to increase demand for liquid Natural Gas by the world biggest LNG consumer. As per report released by the US Energy Department Natural Gas declined 71 billion cubic feet.
As last week we have written in this column that after a Japan crises, renewal energy is a main source of JAPAN and Natural Gas will be the first priority. Be remember that we gone long above 180 and finally it was made a high last week 204 after a low of 191 and finally closed at 203.40. In this week, we may consider support 199 and support 190, resistance 210. 

 CRUDE OIL TIPS  (MARCH -11) :Higher volatility..... Last week it was made a high 4797 and low was 4626 and finally managed to hold 4700 level and closed at 4744. Now we may consider support 4650 and resistance 4800, crossover and stay with volume sharp move and first target 4900, thereafter ore up side.

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