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Friday, September 23, 2011

WEEKLY TREND / LEVELS & TRADING STRATEGY FOR THE WEEK INITIATED FOR PREMIUM CLIENTS

CRUDE OIL

Crude oil daily trend : Bearish early session and then take support in the evening session..expected to make a base on Monday around 85 – 86.65

Weekly trend : Strong bullish &The upside rally will be like “STOP ME IF U CAN” target 91.33/92.68/93.90

BEST BUY & CURRENT SUPP @ 87 ACTUAL RESIS & BEST SHORT LEVEL 88.42 A BREAK ABOVE 88.90 UPSIDE TGT92.60/93.90 ; A CRACK BELOW 85.02 SELL FOR DOWNSIDE TGT 82.94/81.64

CMP : 87.10

GOLD

Daily trend : early session or starting 2 sessions of the week pretends to be Bullish but struggle to break out..it will attempt to break out infinite times but whatever it is its not genuine move..

Weekly trend : BEARISH ..crucial support channel has been violated by the leading indicator..not expected to be strong bearish like cracking to 1600 levels ..it holds 1700 levels this week ..unless there is any major opinion by analysts..

BEST BUY & SUPP @ 1800 ACTUAL RESIS & BEST SHORT LEVEL 1822.70 A BREAK ABOVE 1838 UPSIDE TGT1896/1919 ; A CRACK BELOW 1782 DOWNSIDE TGT 1726/1703.70

CMP - 1820

SILVER

Daily trend : Very similar to gold ..early session sustains upside ..but at the same time it will give up coz slow sco is straight heading downside..

Weekly trend : bearish confirmed.. as 3 indicators have broken its support channel ..but in tht couple of indicators struggle to break out or hold first 2 session of the week..but in vain …finally its downside..

BEST BUY & SUPP @ 40 ACTUAL RESIS & BEST SHORT LEVEL 40.72 A BREAK ABOVE 41.65 UPSIDE TGT 42.35/42.86; A CRACK BELOW 39.92 DOWNSIDE TGT 38.60/38.09

CMP - 40.68

COPPER

Copper daily trend : copper couple of indicators looks like taken support but FAST SCO is still towards south ward direction..but it will find support ..

Weekly trend : once again 1 of the indicator has made a base but 2 are playing spoil sport..its expected to make a high & give up in the first 2 sessions of the week..but from 3rd session looks very strong…inbetween any news pops in copper has all ingredients to move upside technically…

BEST BUY & SUPP @ 4.0 - 3.972 ACTUAL RESIS & BEST SHORT 3.972 A CRACK BELOW 3.892 DOWNSIDE TGT3.834/3.800 ; A BREAK ABOVE 4.005 UPSIDE TGT 4.076/4.109

CMP - 3.858

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