Wednesday, 6 June 2012

Mcx Live Tips / Calls For Gold And Silver

As mentioned in this column, sell on rise with tight stop-loss 29300 but above do not hold short and square up and play for long side as you wish, which may test 30000 in near term and it was did it.

Now today: Near to strong resistance and psychological level 30000. Downside consider support 29500 and resistance 30000.

Silver July :- Continue in trading range but not bulls favour… with resistance 55000 and support near to 54000. Higher-level to selling opportunity only.

Copper June :- We are bearish in this commodity below 435 and more bearish below 417 and yesterday successfully broke with decent volume and almost tested our lower level target 404. Trend is down and major support broken; so do not think to buy. Ultimate target…?

Crude Oil June :- Everybody were bullish in this commodity but we are in selling mode, and in this column it was clearly mentioned that resistance 5200 and big sell of below 5000 mark and almost 500 points gained. Yesterday made a low 4660. Do not try to bottom finishing and rise to selling opportunity.

Nickel June :- As mentioned in this column that 950 is a major and major resistance and finally it was unable to cross and started downward journey. Yesterday it tested a previous support if technical analysis students remember… which is also a last leg of support … thereafter likely be prepare for blood bath.

Natural Gas June :-
After a sharp move from 99 to 153 range, looks up-move over and be prepared for correction. Think to buy only above 157 for sharp move, otherwise advantages of small trading range in both the side for Professional Traders only.

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