Commodity Market News For 16th Nov 2012

Bullion:
Gold suggest that prices have reversed after taking resistance of 31800 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 31170.
Trading Call: Sell around 31500 levels with a stop loss placed above 31700 levels for targets of 31170
levels.
Silver suggest that prices have reversed after taking resistance of 61500 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 60000.
Trading Call: Sell around 60800 levels with a stop loss placed above 61100 levels for targets of 60000
levels.

Energy :
Crude Oil suggest that prices have reversed after taking resistance at 4820 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 4670.Trading Call: Sell around 4760 levels with a stop loss placed above 4820 levels for targets of 4670 levels.
Natural Gas suggest that prices have reversed after taking resistance at 210 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 198.
Trading Call: Sell around 205 levels with a stop loss placed above 210 levels for targets of 198 levels.

Base metals:
Copper suggest that prices are trading near a crucial resistance at 425 levels.
Stochastic is losing its strength. We expect prices to correct up to levels of 412.
16 Nov 2012
Trading Call: Sell around 421 levels with a stop loss placed above 425 levels for targets of 412 levels.
Nickel suggest that prices have reversed after taking resistance at 890 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 868.
 Copper suggest that prices are trading near a crucial resistance at 425 levels.
Stochastic is losing its strength. We expect prices to correct up to levels of 412.
16 Nov 2012
Trading Call: Sell around 421 levels with a stop loss placed above 425 levels for targets of 412 levels.
Trading Call: Sell around 880 levels with a stop loss placed above 890 levels for targets of 868 levels.

Lead suggest that prices are trading near a crucial resistance of 121.50. RSI is losing
its strength. We expect prices to correct up to levels of 119.
The above 4 hourly chart of Zinc suggest that prices are trading near a crucial resistance of 107. Stochastic is
losing its strength. We expect prices to correct up to levels of 104.20.
Trading Call: Sell around 121 levels with a stop loss placed above 122 levels for targets of 119 levels.

Zinc suggest that prices are trading near a crucial resistance of 107. Stochastic is
losing its strength. We expect prices to correct up to levels of 104.20.
Trading Call: Sell around 106 levels with a stop loss placed above 107 levels for targets of 104.20 levels.
http://www.merits.in/online-sharetrading.aspx
Aluminium suggest that prices have reversed after taking resistance at 108.50 levels.
Stochastic is in a sell mode. We expect prices to correct up to levels of 105.50.
Trading Call: Sell around 107.50 levels with a stop loss placed above 108.50 levels for targets of 105.50
levels.

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Commodity News For Today 9th oct 12

MCX Gold December Contract is looking slightly negative for the day. Market may find support near 31200 & 31090; intraday resistance can be seen near 31330 & 31420. Day traders are advised to sell intraday on rise. (Sell around 31330 with SL 31420, for the target of 31200 & 31090.)

MCX Silver December Contract is looking slightly negative for the day. Market may find support near 61200 & 60700; intraday resistance can be seen near 61700 & 62200. Day traders are advised to sell intraday on rise (Sell around 61700 with SL 62200, for the target of 61200 & 60700.)

MCX Natural Gas October contract is looking slightly positive for the day. Market may find support near 178 & 175 intraday resistance can be seen near 182 & 185 Day traders are advised to buy intraday on dips. (Buy around 178 with SL 175 for the target of 182 & 185.)

MCX Crude Oil October contract is looking slightly negative for the day. Market may find support near 4670 & 4620; intraday resistance can be seen near 4730 & 4790. Day traders are advised to sell intraday on rise. (Sell around 4730 with SL 4790, for the target of 4670 & 4620.)

MCX Copper November contract is looking slightly negative for the day. Market may find support near 431 & 428; intraday resistance can be seen near 434 & 437. Day traders are advised to sell intraday on rise. (Sell around 434 with SL 437, for the target of 431 & 428.)

MCX Nickel October contract is looking slightly negative for the day. Market may find support near 942, 932; intraday resistance can be seen near 955 & 964. Day traders are advised to sell intraday on rise. (Sell around 955 with SL 964, for the target of 942 & 932.)

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