Wednesday, July 29, 2009

Crude oil technical Analysis 29thjuly2009

Crude Oil has Broken the Coorective trend Line , Which started From recent lows of 58$ extended to 68.87$, On upside Now will face Stiff Resistance at 67.86$ , Next Support Seen at 64.4 $ , Below Which Could Open trgts as Low as 62.4 $

Silver Technical Analysis 29th july 2009

Wednesday, July 15, 2009

Gold Technical Analysis 15th july2009

Crude Technical Analysis 15th july2009

Conjestion Near Resistance
Crude oil Retracted back to Re-test the First Fib Resistance of 23.6 % , (Calculated From Recent high of 73.5 $ to Recent lows of 58.25 $), A Close above Same on Daily charts could Open possible upside trts till Next Resistance of 38.2 % Which is around 64 $

Monday, July 13, 2009

Crude Technical Analysis 13th July 2009

Crude possiblity of Small pull back . Check out chart for the upper resistance in near zone

Note : Reco open on Crude BTST :: Booked half and Moved SL below Cost

Thursday, July 9, 2009

Crude Technical Analysis 9th July 2009

Crude Chart 15-min , Loads of Buy / Sell Reversals indicated in Short Span of time . Suggesting bears Might be Looseing Strength or Some profit Booking & Consolidation before Next move

Expecting a Good Move upto 62.8 if manges to Cross 60.6 Before making New Low

Note :: Chart is Updated For Educational purpose to Explain Few Technical terms And Shouldnt be Taken as a trading Recommendation

Wednesday, July 8, 2009

Silver Technical Analysis 8th July 2009

Silver Currently trading at 12.95 $ , had broken the important medium downward Trend line coming up from the recent lows of 8.44 $. The break-down level was 13.25$--13.35$ . On Daily Charts after closing taking Support at 12.97$ the Short term Support it Reversed back to Re test the Support which was broken and it acted as String resistance. Breaking below 12.97$ again . The Yellow trend line on Chart is Medium term trend line & Red Horizontal Line Shows the 12.97 $ Support
Looking at Intraday 15 Min Charts , a Evening Star & gravestone Doji Were Clearly visible , Signally that its Facing Strong Resistance at 13.15 $ levels and Inviting Fresh Shorts

A Close below 12.97$ Would Initiate further selling pressure Which Could drag Down the prices to 12.68$--12.54$--12.25$ Over Next few Days--week

Gold Technical Analysis 8th july 2009

Gold has been trading Sideways to lower Range In a descending bearish triangle , For past couple of Days . Comex Gold is Finding Support at 920$ , While Facing Stiff Resistance at 934$ & 945 $ Levels, We Expecting Gold to Move Downwards today breaking the Support of 920$ below Which could test 915 $---902 $ , Those holding postional Shorts May maintain 935$ as SL for 4 Hour Closing basis

Tuesday, July 7, 2009

Crude Technical Analysis 7th July 2009

Crude Oil Intraday has made Dragon Fly doji , Intraday players Can take Long with SL below that

MCX traders SL at 3050

Monday, July 6, 2009

Gold Technical Analysis 6th July 2009

Gold for past 3 Weeks has been trading in small range of 920 -945 $ . Looking at the weekly charts it has formed a lowertop and bearish Candlestick pattern -- the harami Which is a Strong short term Reversal pattern . At Same time the Momentum trend Line From 681$--to Recent High of 1007 $ is giving Supports at 922 $ , Currently it has Breached Same in intraday . A Close Below 913 on weekly Basis would Confirm the Breach and Could Open possible Downside trgts of 902 ( Interim Good Support) & below that 888 $ . Postional traders Can Look to Short gold at Current Levels With Nearest SL at 938$ & safe one being at 946$

Gold Technical Analysis 6th July2009


Thursday, July 2, 2009

Natural Gas Technical Analysis 2nd July 2009

Natural Gas After Breaking down , Re tested the Breakdown trendline , Look at the yellow trendline , it Indicates that the short term bearish view continues , but Same time at lows a Hammer has been Formed , So would Recommed Clients to go Long again abv the Trendline and Consider the break Down As whipsaw & same time if breaks the Low than its a Confirmed breakdown with volumes also Supporting same

MCx traders who are Long maintain 179 as SL and those who are short maintain 186 Trailling SL

Personally i am On bearish view and would prefer to Remian Short below 186 . A Close above Same would get the Commodity in netural Zone and close abv 194 would Reopen bullish Scene..

Wednesday, July 1, 2009

Crude Oil Technical Analysis 1st July 2009

Crude oil could be heading Down For Much lower trgts if breaks the Neckline at 68.75 Zone with volumes and trades below that a day More,

Possible Downward trgts -- height of head 1.e 5 $ ..So we Could see Crude Coming Down to 63.5 Levels In coming Days , Maintain SL of 71 On all Shorts For Same

natural gas Technical Analysis 1st July 2009

Natural Gas after Reversing From the short term bottom of 3.255 has been trending in A larger traingle as Indicated in graph, Currently trading at 3.783 Which Is almost Near the lower End of triangle ,
Looking From the onther angel view its been Sideways in a channel for past two week who's Support is also nearby at 3.750 Levels . Natural gas gives lot of whipsaws So as to trade the pattern being on Safe side . If NG breaks 3.715 Level as Indicated it open Downward trgts of 3.570 Which is good 8-10 % down , Looking on the upside it has Strong Resistance at 3.950 & 4.14 Levels a Move past that would Indciate the Recent down Fall has halted From 4.375 and the trend turns to be Netural still traidng inside larger triangle and one has to wait to see which side it gives a fresh breakout

Note : We have a open Reco Postional NG short at 186 MCX price With Sl at 194

Crude Technical Analysis 1st july 2009

Crude Oil Daily Charts : Crude Oil has Been Trading in the range of 73.5 $ --66.5 $ , With Minor Double top at 73.5 but the distance between them is too Small to take a larger view on it , On ther other side its shapeing up in a Ascending trinagle With Supports coming in From upward trendline Drawn and marked with blue arrows, With the Inventory Data Expected today , We Feel On Breach of 68.75 $ Crude will head down again to Re test the Lower End of Range at 66.5 $, While On the upside will Face strong Resisatnce at 72.25 $ and 72.80 $, A Closing above 73.1 $ could bring chance of trend change with it opening new Upside Range of 73$--78$ , A Close Below 66.5 Could open Downward trgts of 63.5--58.9. Further till than trading the Range will be best option Sell On rise & buy on dips Inside the Range