Wednesday, February 29, 2012
Tuesday, February 28, 2012
SELL LEAD MAR
SELL LEAD MAR. AROUND 110 - 111 S/L 112.20 TGT 107.60 - 105.40 - 103.70 ( SHORT TERM )
Friday, February 24, 2012
SELL NATURAL GAS POSITIONAL
SELL NATURAL GAS ( MAR ) AROUND 137.50 - 142.50 S/L 149.80
TARGET --> 126 - 118 - 110.40 AND MORE DOWN SIDE
SELL NATURAL GAS POSITIONAL
POSITIONAL SELL NATURAL GAS AROUND 128.50 132.50 S/L 138.80 CLBS TGT 113.80 - 107.60 - 99.40 - 89.80 TIME FRAIM 1 MONTH MAX
Crude Oil (Apr 12) intraday: further advance.
Pivot: 107.40
Our Preference: LONG positions above 107.4 with 109.3 & 110.35 as next targets.
Alternative scenario: The downside breakout of 107.4 will open the way to 106.75 & 105.55.
Comment: the immediate trend remains up and the momentum is strong.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
111.55** Fib projection
110.35** Fib projection
109.3** Intraday resistance
108.5 Last
107.4** Intraday pivot point
106.75** Intraday support
105.55** Intraday support
Our Preference: LONG positions above 107.4 with 109.3 & 110.35 as next targets.
Alternative scenario: The downside breakout of 107.4 will open the way to 106.75 & 105.55.
Comment: the immediate trend remains up and the momentum is strong.
Trend: ST Bullish; MT Ltd upside
Key levels Comment
111.55** Fib projection
110.35** Fib projection
109.3** Intraday resistance
108.5 Last
107.4** Intraday pivot point
106.75** Intraday support
105.55** Intraday support
SELL SILVER MAY POSITIONAL
SELL SILVER MAY AROUND 60200 - 60500 S/L 61200 ( CLBS ) TGT 59700 - 59350 - 58850
TIME FRAIM 4-6 TRADING SESSION
Thursday, February 23, 2012
BUY SILVER 57280 AND GOLD 28740
BUY GOLD CMP 28740 S/L 28700 TGT 28780 - 28840 - 28920
BUY SILVER CMP 57280 S/L 57025 TGT 57450 - 57700
Wednesday, February 22, 2012
BUY NICKEL AND COPPER
BUY NICKEL CMP 999 S/L 994 TGT 1002 - 1008 - 1012++ INTRADAY
BUY COPPER CMP 415.90 - 415.50 S/L 414.20 TGT 417 - 418.50 - 419.70 intraday
SELL SILVER & GOLD
SELL GOLD CMP 28500 - 28540 S/L 28615 TGT 28370 - 28260 - 28120
SELL SILVER AROUND 57400 - 57700 S/L 58100 TGT 56800 - 56400 - 56150
Sunday, February 5, 2012
GOLD WEEKLY OUTLOOK
Gold Weekly Technical Outlook
Comex Gold (GC)
Gold rose further to as high as 1765.6 last week but lost momentum and retreated sharply. Initial bias is neutral this week for some consolidations. But near term outlook remains cautiously bullish as long as 1703.0 support holds. Rise from 1523.9 is expected to continue further to 1804.4 resistance. Decisive break there will confirm our bullish view that whole correction from 1923.7 has completed with three waves down to 1523.9. In such case, stronger rise should be seen to retest 1923.7 and above. However, note that break of 1703.0 support will argue that rebound from 1523.9 is finished and will flip bias back to the downside for this support instead.
In the bigger picture, price actions form 1923.7 high are viewed as a medium term consolidation pattern only. Current development is slightly favoring the case that such consolidation is finished with three waves down to 1523.9. Sustained trading above 55 days EMA affirms this case. Further break of 1804.4 will indicate that the long term up trend is resuming for another high above 1923.7. In case of another fall, we'd continue to expect strong support from 1478.3/1577.4 support zone to contain downside to finish the consolidation and bring up trend resumption eventually.
In the long term picture, with 1478.3 support intact, there is no change in the long term bullish outlook in gold. While some more medium term consolidation cannot be ruled out, we'd anticipate an eventual break of 2000 psychological level in the long run....
GOLD 4Hr.
GOLD DAILY
GOLD WEEKLY
GOLD MONTHLY
Comex Gold (GC)
Gold rose further to as high as 1765.6 last week but lost momentum and retreated sharply. Initial bias is neutral this week for some consolidations. But near term outlook remains cautiously bullish as long as 1703.0 support holds. Rise from 1523.9 is expected to continue further to 1804.4 resistance. Decisive break there will confirm our bullish view that whole correction from 1923.7 has completed with three waves down to 1523.9. In such case, stronger rise should be seen to retest 1923.7 and above. However, note that break of 1703.0 support will argue that rebound from 1523.9 is finished and will flip bias back to the downside for this support instead.
In the bigger picture, price actions form 1923.7 high are viewed as a medium term consolidation pattern only. Current development is slightly favoring the case that such consolidation is finished with three waves down to 1523.9. Sustained trading above 55 days EMA affirms this case. Further break of 1804.4 will indicate that the long term up trend is resuming for another high above 1923.7. In case of another fall, we'd continue to expect strong support from 1478.3/1577.4 support zone to contain downside to finish the consolidation and bring up trend resumption eventually.
In the long term picture, with 1478.3 support intact, there is no change in the long term bullish outlook in gold. While some more medium term consolidation cannot be ruled out, we'd anticipate an eventual break of 2000 psychological level in the long run....
GOLD 4Hr.
GOLD DAILY
GOLD WEEKLY
GOLD MONTHLY
SILVER WEEKLY TECHNICAL OUTLOOK
Silver Weekly Technical Outlook
Comex Silver (SI)
Silver's rally from 26.145 extended further to as high as 34.41 last week. Upside momentum was unconvincing with bearish divergence condition in 4 hours MACD. But with 32.93 support intact, another rally is still mildly in favor. Above 34.41 will target 35.70 key resistance next. However, break of 32.93 will argue that rise from 26.145 is finished already and should flip bias back to the downside for this support instead.
In the bigger picture, at this point, we're treating price actions from 26.15 as consolidation in the larger decline from 49.82 high. That is, rise from 26.145 is the third wave and should be limited by 35.70 resistance and bring reversal for a new low below 26.145. However, decisive break of 35.70 will indicate bottoming, with a double bottom reversal pattern, and turn focus back to 40 psychological level.
In the long term picture, the main question remains on whether 49.82 is a medium term or long term top. Current development is starting to favor the latter case. Though, we'd prefer to see sustained break of 61.8% retracement of 8.4 to 49.82 at 24.22 to confirm
SILVER 4Hr.
SILVER DAILY
SILVER WEEKLY
SILVER MONTHLY
Comex Silver (SI)
Silver's rally from 26.145 extended further to as high as 34.41 last week. Upside momentum was unconvincing with bearish divergence condition in 4 hours MACD. But with 32.93 support intact, another rally is still mildly in favor. Above 34.41 will target 35.70 key resistance next. However, break of 32.93 will argue that rise from 26.145 is finished already and should flip bias back to the downside for this support instead.
In the bigger picture, at this point, we're treating price actions from 26.15 as consolidation in the larger decline from 49.82 high. That is, rise from 26.145 is the third wave and should be limited by 35.70 resistance and bring reversal for a new low below 26.145. However, decisive break of 35.70 will indicate bottoming, with a double bottom reversal pattern, and turn focus back to 40 psychological level.
In the long term picture, the main question remains on whether 49.82 is a medium term or long term top. Current development is starting to favor the latter case. Though, we'd prefer to see sustained break of 61.8% retracement of 8.4 to 49.82 at 24.22 to confirm
SILVER 4Hr.
SILVER DAILY
SILVER WEEKLY
SILVER MONTHLY
Saturday, February 4, 2012
Friday, February 3, 2012
SELL CRUDEOIL STBT
SELL CRUDEOIL AROUND 4715 - 4730 S/L 4768 TGT 4672 - 4634 - 4608 INTRADAY AND STBT
ALL READY RUN MY POSITIONAL SELL CALL IN MARCH CONTRACT..........
SELL SILVER AND GOLDM POSITIONAL
SELL SILVER POSITIONAL CMP 57000 - 57500 S/L 58400 TGT 56800 - 55400 - 53700 - 52200 TIME FRAIM 15TH FEB. MAX
SELL GOLDM MARCH CMP 28220 S/L 28460 TGT 27940 - 27780 - 27620 TIME FRAIM 15TH FEB. MAX
COMMODITIES CALL FOR 3RD FEB
SELL NICKEL BELOW 1025.60 S/L 1032.80 TGT 1012 - 1004 - 997
SELL COPPER CMP 412.25 S/L 413.40 TGT 410.65 - 409.30
SELL SILVER 57300 - 57400 S/L 57660 TGT 57050 - 56860 - 56570
Thursday, February 2, 2012
INTRADAY COMMODITE CALLS
INTRADAY BUY NATURALGAS CMP 118.60 S/L 117.30 TGT 119.70/120.60/122.10
BUY CRUDEOIL CMP 4910 - 4815 S/L 4796 TGT 4835 - 4854 - 4872
BUY COPPER CMP 416 S/L 413.60 TGT 419.40 - 421 - 423.20
Wednesday, February 1, 2012
BUY NATURAL GAS POSITIONAL
BUY NATURAL GAS POSITIONAL @ 123.50 AND ADD MORE IF COME 118 S/L 111 TGT 137 - 143 - 148
TIME FRAME 15TH FEB. MAX
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