MCX Gold : Gold traded sideways with little gains as indicated yersterday , we Still hold same view till time its trading below 15050 , it remains Same Sell on sell rise, Immediate Reistance to gold is Seen at 14980 & 15050 . A Closing above Same Would reverse the trend
Trend Analysis : Range bound ^ Sideways
Comex Gold : Currently trading Near crucial level of 955 $ , abv 962 Would make intraday bias as neutral and above 972 $ would change The trend to Postive. till than Sell on Rise For Possible lower targets of 920 $
Trend Analysis : Range bound
MCX Silver : Silver moved up above the crucial Resistance of 23980, a Breach below Same Would Indicate that bias has turned netural for the Day and shorts Can be attempted For Downside targets of 23300
Trend Analysis : Neutral to bearish
Comex silver : Silver Crossed crucial reistance of 1500 , but is findind it diffuclt to move the past the next intermediate resitance of 1532, a Breach below 1488 would again open Downside targets til l1430
Trend Analysis : neutral to bearish
Energies
MCX Crudeoil : Last Day For teh August Contract Expecting volatility and range bound trade between 3368--3442 on upside
NYMEX Crudeoil : Crude Re tested the Recent Resistance of 7346and failled to Cross again , and Falling down to 7200 levels, Making it a Case of triple top If closes Below 69.45$. Supports seen at 7225--7185--7046. A Close 7346 Would open trgts til 7680 7990
Trend Analysis : Sideways to upside
MCX Natural gas : As Indiacted yesterday that trend is down adn could further see Selling pressure if breaks 168, NG closed below the crucial Support of 168 opening downside trgts till 154. A retest of Resiatnce at 168 Cant Be rulled out
Trend analysis : Downward
Natural Gas : NG has been Trading inside a parallel Range Since last few Days , Break on any Side Could give a Fresh Move on any side , On upside 4.200 is very Importnat Reistance a Close above Same would Mean that the trend has Reversed and Now its Buy on Dips opening as upside trgt of 5.40$ and 7$ For Medium term As If Now . On Downisde Supports are near 3.882$--3.460--3.165$ , A close below 3.165 % would Mean that the correction is still on and Could try hit the new Possible Downside trgt of 2.41$
Base Metals
Commdity S1 S2 R1 R2 Pivot
Copper 306 304 310 313 306
Nickel 992 998 1014 1028 1007
LEad 90 90.1 91.85 92.4 91.85
Zinc 90.25 90.8 91.65 92 91.25
Friday, August 14, 2009
Thursday, August 13, 2009
Technical View 130809
MCX Gold : Gold traded on upside with Least gains among all commodity , the view Still remains Same Sell on sell rise, Immediate Reistance to gold is Seen at 14980 & 15050 . A Closing above Same Would reverse the trend
Trend Analysis : Range bound
Comex Gold : Currently trading Near crucial level of 955 $ , abv 962 Would make intraday bias as neutral and above 972 $ would change The trend to Postive. till than Sell on Rise For Possible lower targets of 920 $
Trend Analysis : Range bound
MCX Silver : Silver moved up above the crucial Resistance of 23092 as given in Yesterday post and achived next target of 23400, Above 23550 Would open upside targets of 23800 & 24150
Trend Analysis : Bullish
Comex silver : Silver Crossed crucial reistance of 1500 and is headed for next Possible target of 1560 with intermediate resistance Seen at 1523. Trend Reversal seen if manges to close below 1460
Trend Analysis : Bullish
Energies
MCX Crudeoil : Crudeoil is trading above the crucial Resistance of 3432 , A close abv same would open upside Possible targets of 3510-3555
Trend Analysis : Range Bound
NYMEX Crudeoil : above 7145 Crude oil could try test the Nest resistance level of 72.6. Multiple Resistance is Seen between 72.6 & 73.40 . A Close above Same would mean opening Next possibel upside target of 75.60--78.3
Range 72.05 $ --69.00 $ ( Break of any side Fresh Move Expected)
Trend Analysis : Range Bound
MCX Natural gas : Strong Support near 168 below Which Can open trgts as low as 152 .
On the upside has Strong Resistance at 178—181-188 Levls . till time trading below 178 trend is Downwards with risk of 168 to be broken anytime . Above 178 trend neutral and Above 192 Trend Bullish
Trend analysis : Near Supports/ Downward
Natural Gas : NG has been Trading inside a parallel Range Since last few Days , Break on any Side Could give a Fresh Move on any side , On upside 4.200 is very Importnat Reistance a Close above Same would Mean that the trend has Reversed and Now its Buy on Dips opening as upside trgt of 5.40$ and 7$ For Medium term As If Now . On Downisde Supports are near 3.882$--3.460--3.165$ , A close below 3.165 % would Mean that the correction is still on and Could try hit the new Possible Downside trgt of 2.41$
Base metals levels
CommdityS1 S2 R1 R2 Pivot
Copper 304 299.5 304.7 309 302.8
Nickel 912 927.5 976 1024 963
Lead 89.2 89.75 91.1 92.5 90
zinc 88.30 90.05 91.65 92.85 90.35
Trend Analysis : Range bound
Comex Gold : Currently trading Near crucial level of 955 $ , abv 962 Would make intraday bias as neutral and above 972 $ would change The trend to Postive. till than Sell on Rise For Possible lower targets of 920 $
Trend Analysis : Range bound
MCX Silver : Silver moved up above the crucial Resistance of 23092 as given in Yesterday post and achived next target of 23400, Above 23550 Would open upside targets of 23800 & 24150
Trend Analysis : Bullish
Comex silver : Silver Crossed crucial reistance of 1500 and is headed for next Possible target of 1560 with intermediate resistance Seen at 1523. Trend Reversal seen if manges to close below 1460
Trend Analysis : Bullish
Energies
MCX Crudeoil : Crudeoil is trading above the crucial Resistance of 3432 , A close abv same would open upside Possible targets of 3510-3555
Trend Analysis : Range Bound
NYMEX Crudeoil : above 7145 Crude oil could try test the Nest resistance level of 72.6. Multiple Resistance is Seen between 72.6 & 73.40 . A Close above Same would mean opening Next possibel upside target of 75.60--78.3
Range 72.05 $ --69.00 $ ( Break of any side Fresh Move Expected)
Trend Analysis : Range Bound
MCX Natural gas : Strong Support near 168 below Which Can open trgts as low as 152 .
On the upside has Strong Resistance at 178—181-188 Levls . till time trading below 178 trend is Downwards with risk of 168 to be broken anytime . Above 178 trend neutral and Above 192 Trend Bullish
Trend analysis : Near Supports/ Downward
Natural Gas : NG has been Trading inside a parallel Range Since last few Days , Break on any Side Could give a Fresh Move on any side , On upside 4.200 is very Importnat Reistance a Close above Same would Mean that the trend has Reversed and Now its Buy on Dips opening as upside trgt of 5.40$ and 7$ For Medium term As If Now . On Downisde Supports are near 3.882$--3.460--3.165$ , A close below 3.165 % would Mean that the correction is still on and Could try hit the new Possible Downside trgt of 2.41$
Base metals levels
CommdityS1 S2 R1 R2 Pivot
Copper 304 299.5 304.7 309 302.8
Nickel 912 927.5 976 1024 963
Lead 89.2 89.75 91.1 92.5 90
zinc 88.30 90.05 91.65 92.85 90.35
Wednesday, August 12, 2009
Technical view 120809
MCX Gold October
Gold Resistance at 14850—14925 levels One Can Use this Levels to Create Fresh Shorts With SL around 15050 lvls For Possible trgts of 14500 Lvls
Trend : Sideways to Down . Reversal Level 15050 Closing basis
Comex Gold : Gold trading below the crucial Support of 955$ . Resistance at 962$ -965 $
Sell On Rise Recommend with SL closing basis 972 $. On Downside will Re test 920$ -904$ support
MCX silver October:
Silver Finding Support near 22800 levels, below which Can Retest 22500 & 22300 levels
On upside has Important Reistance at 23092 Above which can again do 23250—23400
Trend analysis – Up/sideways
Comex Silver :
Silver has good Support Near 14.02 $ , on upside Faces resistance near 14.47$ & 14.61 $
A Firm close For two-three Trading Sessiaon abv 14.68$ can open upside target of 15.35$
Trend Analysis – up/sideways
Energies
MCX Crude Oil : MCX crude Oil till time trading below 3430 is sell on Rise with Immediate Supports coming on Downside at 3353 & 3318 Levels , On Upside 3452—3470—3510 are important resistance Levels
Nymex Crude : Trading below the Crucial Level of 71.45 $ opens a re test of 67$ on downside . On upside Important Resistance at 71.45$--72.05$--73.5$ .
Trend analysis : Sideways/downward
Range 72.05 $ --69.00 $ ( Break of any side Fresh Move Expected)
Natural Gas : NG has been Trading inside a parallel Range Since last few Days , Break on any Side Could give a Fresh Move on any side , On upside 4.200 is very Importnat Reistance a Close above Same would Mean that the trend has Reversed and Now its Buy on Dips opening as upside trgt of 5.40$ and 7$ For Medium term As If Now . On Downisde Supports are near 3.882$--3.460--3.165$ , A close below 3.165 % would Mean that the correction is still on and Could try hit the new Possible Downside trgt of 2.41$
Natural Gas MCX : Strong Support near 168 below Which Can open trgts as low as 152 .
On the upside has Strong Resistance at 178—181-188 Levls . till time trading below 178 trend is Downwards with risk of 168 to be broken anytime . Above 178 trend neutral and Above 192 Trend Bullish
Trend analysis : Near Supports/ Downward
Base metals levels
Commdity S1 S2 R1 R2 Pivot
Copper 288.5 290.1 292.5 294.8 291.65
Nickel 916 932 948 966 927.5
Lead 84.8 85.4 86.05 86.5 85.65
zinc 85.4 86.05 86.6 87.4 86.2
Gold Resistance at 14850—14925 levels One Can Use this Levels to Create Fresh Shorts With SL around 15050 lvls For Possible trgts of 14500 Lvls
Trend : Sideways to Down . Reversal Level 15050 Closing basis
Comex Gold : Gold trading below the crucial Support of 955$ . Resistance at 962$ -965 $
Sell On Rise Recommend with SL closing basis 972 $. On Downside will Re test 920$ -904$ support
MCX silver October:
Silver Finding Support near 22800 levels, below which Can Retest 22500 & 22300 levels
On upside has Important Reistance at 23092 Above which can again do 23250—23400
Trend analysis – Up/sideways
Comex Silver :
Silver has good Support Near 14.02 $ , on upside Faces resistance near 14.47$ & 14.61 $
A Firm close For two-three Trading Sessiaon abv 14.68$ can open upside target of 15.35$
Trend Analysis – up/sideways
Energies
MCX Crude Oil : MCX crude Oil till time trading below 3430 is sell on Rise with Immediate Supports coming on Downside at 3353 & 3318 Levels , On Upside 3452—3470—3510 are important resistance Levels
Nymex Crude : Trading below the Crucial Level of 71.45 $ opens a re test of 67$ on downside . On upside Important Resistance at 71.45$--72.05$--73.5$ .
Trend analysis : Sideways/downward
Range 72.05 $ --69.00 $ ( Break of any side Fresh Move Expected)
Natural Gas : NG has been Trading inside a parallel Range Since last few Days , Break on any Side Could give a Fresh Move on any side , On upside 4.200 is very Importnat Reistance a Close above Same would Mean that the trend has Reversed and Now its Buy on Dips opening as upside trgt of 5.40$ and 7$ For Medium term As If Now . On Downisde Supports are near 3.882$--3.460--3.165$ , A close below 3.165 % would Mean that the correction is still on and Could try hit the new Possible Downside trgt of 2.41$
Natural Gas MCX : Strong Support near 168 below Which Can open trgts as low as 152 .
On the upside has Strong Resistance at 178—181-188 Levls . till time trading below 178 trend is Downwards with risk of 168 to be broken anytime . Above 178 trend neutral and Above 192 Trend Bullish
Trend analysis : Near Supports/ Downward
Base metals levels
Commdity S1 S2 R1 R2 Pivot
Copper 288.5 290.1 292.5 294.8 291.65
Nickel 916 932 948 966 927.5
Lead 84.8 85.4 86.05 86.5 85.65
zinc 85.4 86.05 86.6 87.4 86.2
Thursday, August 6, 2009
Natural Gas Technical Analysis 6th Aug2009
NG has been Trading inside a parallel Range Since last few Days , Break on any Side Could give a Fresh Move on any side , On upside 4.200 is very Importnat Reistance a Close above Same would Mean that the trend has Reversed and Now its Buy on Dips opening as upside trgt of 5.40$ and 7$ For Medium term As If Now . On Downisde Supports are near 3.882$--3.460--3.165$ , A close below 3.165 % would Mean that the correction is still on and Could try hit the new Possible Downside trgt of 2.41$
www.askchirag.com
Tuesday, August 4, 2009
Gold Technical Analysis 4th August 2009
Gold breaking out of Inverted head & Shoulder With Height of nearly 44$, Which Opens an upside from 965 $ to 1009$ , With intermediate Resisatnce at 980$--992$--1004 $ , Long traders can maintain SL below 955 $ closing basis
Thursday, July 30, 2009
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 $
www.askchirag.com
Friday, July 17, 2009
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