In gold commodity
trading tips :- Trend is confirm bearish side... and last week it was predicted
that maximum up side 27000-27500 then reversal again. Now we may consider resistance
around 27500-27850-28033 and support are 26900 closely watch, once break and
trade with volume and added open interest, first confirmation of current level
now over and time to sell.
Sharp recovery from lower levels kept the prices
above psychological level of $1400/oz mark, but there are no signs about trend
reversal as long as prices are restricted below $1523 levels.
On daily charts, it has completed 50% Fibonacci
retracement from its previous fall from $1620 to $1322 and formed a trend reversal
candle stick pattern “spinning top”. Initial bias remains sideways and some
more consolidation could be seen, on break of $1443 levels will confirms the
near-term topping at $1485 and intact weakness towards $1390/oz.
Gold updates experienced its biggest two-day fall in 30
years. The double-digit fall on April 12 and April 15 means it has now lost
over a quarter of its value since it peaked at USD1921/oz in September 2011. By
definition, the more than 20% fall in gold means that the bull market dating from
2001 is over.
Today: Trend continues to be bearish... but any
correction rally time to fresh short... consider resistance 27000-27050 and
support 26500 watch out.
In Silver Intraday trading tips :- Trend
is bearish and major break down in coming days. In this week, we may consider
resistance 48000-48500 and sustained it will move towards 50000, thereafter
54000, down side support are 43000-41500-40000 likely in short term.
Today: Trend continues to be bearish... today
resistance 45500-46000, downside support 43500-44000 watch out.
In Copper commodity tips :- Trend is completely
bearish and we are in selling mode from the level of 424 and our target 350 is
intact. In this week consider resistance 395-400 range and support are 370
mark.
Today: Time being fresh short avoid... sell on
rise only... Consider resistance 375-380 range and support 367.
In Crude Oil commodity trading Call :- Last week we have mentioned this column that hold 4800 do not hold
short position and sharp move resulted it was made a high 5094 and almost
gained 300 points. Now in this week consider resistance 5200-5250 and support
4950-4900 range watch out.
Today: Sharp move and sharp fall are nature of
this commodity. Now consider support 4950 and resistance 5030-5050 range.
In Natural Gas Mcx Calls :- Trend is bullish but higher level some profit booking to
continue in the market. In this week, we may consider support range 220 and
resistance 237-270 watch out. As long as hold... target 265-270 mark in coming
days.
Today: Yesterday mentioned that professional
traders can play short with stop loss 240... And just seen almost 15 point wipe
out and made a low 217.10... More downside , first target 212.
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