Monday, December 19, 2016

Commodity out look. on Weekly Basis


GOLD........................
Trend is down and resistance of this week is 27870 and support 26717 below further weakness.. 
 Strategy : sell on rise
Total OI 6213 conract 
50 DMA 29162, 200 DMA 29995
Our short call from 30000

Silver....................
Trend is down as long as trading below 42000 mark.
Down side support 38450 38000 range whereas some buying will be emerged in this counter,
higher level resistance 42640 mainly watch
Strategy - Sharp dip to buy side, otherwise trend is down
Total OI 14089
50 DMA 41661 - 200 DMA 42323
Our Short Call : 42500

Crude..................
On weekly - chart, bullish head and shoulder pattern
indicate major up side left ...
Consider support 3331 till not break..............
up move continue,
higher level resistance 3704 also watch out.
Strategy : Trend is up and buy on decline strategy
Total OI 24000 which is long side
50 DMA 3277 - 200 DMA 3080
Our long Call : 3300

Copper................
Short term trend is down, long term trend is up
Time being consider resistance 390-395 level
crossover 397, it will show power and now big move
down side support 380 382 must hold and it should not break
Strategy : Buy on decline
Total OI around 15097
50 DMA 359 200 DMA 330
Our Long call 325 and 345

Nickel......................
Near to strong support range on daily and weekly
chart 740 750................ hold this range bounce
and bull move intact...............Last and final resistance
820 thereafter 1000 mark.
Strategy : Buy on decline
Total OI 11411 which is long side
50 DMA 738 200 DMA 662
OUR Long Call 700 
support 749, resistance 782

Natural Gas.................
Long term trend is a very bullish and ultimate
target 300 mark in coming days....................
Consider support 222 and resistance 252
.above 235 sustained it will show some positive bias on this week.
Strategy : Buy on decline
Total OI 4401
50 DMA 211 200 DMA 177.80
Our long Call 220

Aluminium.....................
Trend is positive and buy on decline strategy cotninue
Consider support 115-116 range and resistance 121, taken
out this range will move towards 130 mark.
Consider weekly resistance 119.30 and support 116
Buy on decline strategy.
Strategy : Buy on decline
Total OI 2717 50 DMA 115.40, 200 DMA 109
Our Long call 111

Zinc.......................
Very bullish trend and holding their support level
which is placed at 179 180 range .....
major weakness once break this level with volume
and added open interest, otherwise trend is up.
Consider Trend Decider 186, holding above this level 
up side again test 195, , down side once break 179 last
support 177.50, thereafter free fall towards 171 +
Trend is up : Buy on decline strategy
Total OI6685
50 DMA 171 200 DMA 147
Our Long call 145 and 166


Lead :
Trend is strong up trend as long as hold 150 mark.
in this week consider resistance 155, sustained above
it will show power.
Higher level resistance 163.10 watch out, 
and support 149 must watch.
Strategy : Buy on Decline
Total OI 1884
50 DMA 146 200 DMA 127.50
Our Long call 121 136

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2 comments:


  1. Sensex closed almost a 2-week low of 26,375 . concerns over hovering crude costs and absence of any market-transferring event weighed on sentiment

    Stock Market Advisory

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  2. • JSW Steel is frontrunner to buy Italy’s Ilva plant.
    • Shree Cement wins coal linkage of 60,000 tn/year at Rs970/tn.
    • Grasim Shareholders approve increasing FPI limit to 49%
    CapitalStars

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