Friday, June 6, 2014

COMMODITY MARKET

Gold  (August) First two hrs wait and watch. Consider resistance 26200 and support  25800 watch out. Lower level do not panic, higher level selling pressure continue.

Siliver (July) Resistance is 40500-40800 and support are 39900-39500 watch out.

Crude(JUNE) Buy on decline at 6010-6020 stop loss 5950 target 6200-6300

Natural Gas(JUNE) :       Support  275 and resistance 281.

Copper(JUNE)  :         Trading range 400 to 410… below and above 10 points move easily.

Nickel(JUNE)   -    Buy on decline at 1120 stop loss 1100 on closing basis target 1150-1170.

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