Thursday, 21 August 2014

commodity mcx update tips, gold silver, base metal down trend



mcx gold silver continue down this week, gold open at 28161 and made low 27965, comax gold made low at $1275.75 and open at $1290.98.
mcx silver traded at 42000 made low of day at 41961, high of day at open today 42288, nymax silver down below $19.33 silver continue slip down side this weak.

Crude oil trend: crude oil prices fail below 5675 with loss of 24 point, supply increase by libya and Iraq while US crude oil storage reduce,
base metal was down after negative PMI data from china, mcx copper fail below 424.8 ,aluminium ,lead and zinc look in red zone.
sell gold above 28000 target 27900/27800// stoploss 28100
sell silver above 42000 target 41900,41800,41700 stoploss 42200
sell copper above 423.50 target 422,421,419 stoploss 426   


3 comments:

  1. CS GOLD (OCTOBER) OVERVIEW:
    TREND BEARISH
    SUP1:27600
    SUP2:27350
    RESIST1:27950
    RESIST2:28150
    TRADING STRATEGY: SELL ON RISE
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  2. SILVER (5 DEC.) TREND: BEARISH
    RES 1: 38600
    RES 2: 39000
    SUPP 1: 37900
    SUPP 2: 37500
    STRATEGY: SELL ON HIGH
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