Metal and oil Road map for the day Nov 15, 2011

Gold: currently trading at 1778.45. Just respecting my said support zone around 1774. Day trading range 1745-1800. Range bound moment expected between 1745-1800; immediate support seen at 1770 it will remain open for retest of 1755-45 zones during the day. Trading below 1745 for some time will invite more sellers and selling pressure may take it to 1710-1705 levels. Resistance at 1788 above 1788 it will try to taste upper band of the range around 1800-1802 trading above 1802 for some time will support bulls and gold will resume its bullish trend for 1820-1849 in near term. Buying in dips around 1705 can be good entry for buyers and selling on rise around 1796-98 can be good trade for the day.

Silver: currently trading at 34.19, Day trading range will remain between 33-35. Silver struggling near rising trend line support with losing momentum. Immediate support seen at 33.90 below this major support for the day is 33 failure below 33 will open down side range till 32 in short term. Immediate resistance seen at 34.60 above 34.60 trading will remain open for 34.90-35.60 for the day. Selling below 33.90 will be good entry otherwise we have to wait for some bullish development for the day.

Copper: currently trading at 3.4925trading range will remain between 3.3000-3.6000. Short term trend bullish. Immediate support seen at 3.4550 below this selling pressure will take it to 3.300 and more down side. Respect would confirm rally till 3.6000 above 3.6000 trading range will remain open for 3.7200-3.8000 and closing above 3.8000 would confirm a rally till 4.2000 in short term. buying above 3.5950 will be good idea otherwise stay away risk lever can take short position after a failure below 3.4550 for expected target around 3.3000 for the day.

Crude: current price 98.13. Day trading range 94-100. Immediate support seen at 97 a failure below 97 will take it to 95-94 in 1 or 2 trading session respect is less likely but would confirm retest of upper band around 99-100.

Comments

kapil said…

abhi online nahi hote ho kya kapil nirmal dadri

November 15, 2011 at 3:33 PM

kapil said…

online nahi hote kapil

November 15, 2011 at 3:34 PM

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