Disclaimer: Ours is an advisory role. The final decision and consequences based on our information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned forward-looking statements/predictions and may be subject to change without notice.

Translate

Monday, July 18, 2011

SILVER / CRUDE OIL / COPPER / GOLD WEEKLY LEVELS & TRADING STRATEGY AHEAD : 18/07/2011

SILVER BEST BUY $37 RESISTANCE @ $37.64 A BREAK ABOVE 38.02 UPSIDE TARGET IS 41.12/42.20 ; A CRACK BELOW 35.82 DOWNWARDS TARGET 33.08/32.0

CMP – 38.92

TREND : BULLISH

WEEKLY TREND : BULLISH

MCX TREND : WE MAY WITNESS SOME SELL OFF DURING THE EARLY WEEK & THEN MOVE TOWARDS OUR INITIATED TARGET

CRUDE OIL BEST BUY $96 RESISTANCE @ 97.03 A BREAK ABOVE 98.02 UPSIDE TARGET 101.32/102.65 ; A CRACK BELOW 95.92 DOWNWARDS TARGET IS 92.42/91.60

TREND : BULLISH

WEEKLY TREND : BULLISH

MCX TREND : THE SAME CASE WITH SILVER

COPPER BEST BUY & SUPPORT @ $4.338 RESISTANCE @ $4.392 A BREAK ABOVE 4.428 UPSIDE TARGET IS 4.484/4.514;A CRACK BELOW 4.315 DOWNSIDE TARGET IS 4.268/4.238

TREND : BULLISH

WEEKLY TREND : NEUTRAL (2 INDICATORS FACING RESIS ON UPSIDE)

GOLD BEST BUY & SUPP @ 1562 RESISTANCE & BEST SHORT LEVEL 1574.3 A BREAK ABOVE 1582 UPSIDE TGT IS 1615.3/1628 ; A CRACK BELOW 1558 DOWNSIDE TARGET IS 1520.60/1508

TREND : BULLISH

WEEKLY TREND : NEUTRAL (FACING RESIS ON UPSIDE )

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Blog Archive

Popular Posts