Monday, 30 June 2014

silver positional sell call, Copper,aluminium downtrend next Contract


Mcx silver down more than 511 point and touch 44000 level ,open at 44470, silver fail below 44000 at 43978 made low afternoon time, as well as gold open at 27632 and made low 27561.

base metal copper aluminium look under pressure next contract, copper should be sharp down fall below 424 and touch 418 in this week ,if break 425 then 428,430 can see upside.
Aluminium july contract traded below 111.70 and should be fail below 110.50 in this week.
Crude oil look down trend below 6350 fail 17 point down side, resistance level for crude is 6386,6410,6434, support level for crude oil is 6331, 6305,6265.
commodity calls update:
sell silver 44350 target 44200/44000/43800 stoploss 44500
sell gold above 27630 target 27550/27500 stoploss 27700
sell copper above 424 target 421/419/417 stoploss 427
sell crude oil 6350 target 6300 stoploss 6378

6 comments:

  1. gold silver look in red zone , i agree with your thought

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  2. MCX GOLDGUINEA August contract was trading at Rs 22600 up Rs 19, or 0.08 percent.

    Mcx tips

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  3. To be a good Silver Trading Advisory, a company has to include all the important updates related to silver in its tips.

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  5. Thanks for the amount of work to provide an informative blog about trading i like your calls of commodity & accuracy too.
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  6. Silver trading range for the day is 41034-41758 as updated by Epic Research Pvt. Ltd.

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