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Sunday, July 10, 2011

CRUDE OIL / GOLD / SILVER / COPPER WEEKLY TRADING LEVELS : 11/07/2011

GOLD WEEKLY TRADING LEVEL

BEST BUY & CURRENT SUPPORT @ 1511 ACTUAL RESISTANCE @ BEST SHORT LEVEL 1524.55 (CURRENT SUPP) A BREAK ABOVE THAT TARGET IS 1567.20/1580.30 ; A CRACK BELOW 1506 SELL IT FOR TARGET 1468.80/1455.60

CMP - 1544.55

TECHNICAL TREND : BULLISH

TREND TRADER'S TREND : STRONG BEARISH

CRUDE OIL WEEKLY TRADING LEVEL

BEST BUY & SUPP @ $96 ACTUAL RESISTANCE & BEST SHORT LEVEL $97.46 A BREAK ABOVE $98.02 UPSIDE TARGET IS $101.32/$102.50 ; A CRACK BELOW $95.92 SELL IT FOR DOWNWARDS TARGET $92.42/$91.24

CMP - $96.52

TREND : BULLISH (ITS FACING RESISTANCE ON UPSIDE)

DAILY TREND : BULLISH (IT HAS ALREADY FACED RESISTANCE & IS CHANGING DIRECTION FOR DOWNSIDE)

SILVER WEEKLY LEVELS & TRADING STRATEGY

BEST BUY & SUPP @ $35 ACTUAL RESISTANCE & BEST SHORT LEVEL $35.72 A BREAK ABOVE 36.02 UPSIDE TARGET IS 38.01/38.72 ; A CRACK BELOW 34.92 DOWNWARDS TARGET IS $32.72/32.02

CMP - $36.72

TREND : NEUTRAL / MILD BEARISH

DAILY TREND : BEARISH

COPPER WEEKLY LEVELS & TRADING STRATEGY

BEST BUY & SUPP @ $4.150 ACTUAL RESISTANCE & BEST SHORT LEVEL $4.420 A BREAK ABOVE 4.436 UPSIDE TARGET IS $4.491/4.512 ; A CRACK BELOW $4.402 SELL IT FOR DOWNWARDS TARGET $4.328/$4.308

CMP - $4.405

TREND : BULLISH (ITS FACING RESISTANCE ON UPSIDE) / OUR MCX COPPER SELL CALL IS STILL ACTIVE

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