Wednesday, January 13, 2016

3Mteam News Higher level resistance 26150-26200 continue. Now we are near to major support area 25600

3Mteam News  Higher level resistance 26150-26200 continue. Now we are near to major support area 25600
3Mteam News  Higher level resistance 26150-26200 continue. Now we are near to major support area 25600
GOLD
Higher level resistance 26150-26200 continue. Now we are near to major support area 25600 + and hold some corrective rally towards 26900-27000. However, once break 25500, down ward bias will be accelerated. More up dated during market hrs.
Gold  -  Close eye support range 1080-1081 in dollar terms.  
SILVER
Silver in MCX continue in trading range for the last few weeks i.e. 33000 to 34500, however, already breached 50 DMA and trading below.   Short term trend is down and break out this range will move one side. We may consider support 33000, break and trade below, selling pressure will accelerated towards 32000 +, on the flip side resistance continue 34500 and crossover it will show more up side. If not break 33000  time to buy with small stop loss. kkkk
On a Global front, Silver trading below $14 , and remain below prices likely test 13.40 and 13 in coming days, Higher level significant resistance observed at 14.50 and 14.80. Real move only above once closed above 15.10 mark.
CRUDE
Crude selling pressure continue…We may consider resistance  2080-2100 and reversal to sell side. down side below 2000 more down side.

NATURAL GAS
It looks that up move over and ready to  sell side.  We may consider major resistance 165 and any should be above that level.  At present conditions, time to sell at 155-156 range stop loss 165 on closing basis for target 130-120 in coming days. 

COPPER
Trend is down continue. Today sell on rise 265-296 stop loss above 300 target 290-281. As long as trading below 305 trend remain down and hold short side.

NICKEL
Time to sell on rise strategy continue. Today resistance 554-555 and sell side for target 540 and below. Trend Reversal only above 575 on closing basis.

ALUMINIUM
Trned is down till not closing above 102 mark. any rise to sell side

ZINC
Time to short on intra day in rise. Resistance 101… Trend reversal 102.50


LEAD
In all metal commodity, showing some strength, now any sharp to buy side. closed above 112 confirmation of up trend start.


USD/INR
Time to hold long till not break 66.88 mark, higher level resistance 67.20

JPY/INR
Remain long side till hold 56.60 mark.

GBP/INR
Selling pressure continue, remain below 97.62 time to sell side.

EUR/INR
Down side 72.50 is a good support and hold long.      

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3 comments:

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  2. In the global market, the NYMEX Gold February futures are also down 0.3 percent at $ 1,082.20 an ounce.


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