Friday, February 17, 2017

Commodity Market out look for 17th Feb.

Commodity Market out look for 17th Feb.

Script Name

Trend

closing price

Recommendations
Gold (April)
Up
29416
Momentum continue as long as hold 29200 mark.
Silver (March)
Up
43010
Trend is positive with consider support 42900
Crude(March)
Up
3624

Now closed above 3600  more up side,
Copper(Feb)
Up
402
Buy on decline strategy continue. Consider support 395 and resistance 405-406
Natural Gas(Feb)
Down
192.60
Unable to hold 200 DMA, more panic in coming days an not be ruled out
Aluminum(FEB)
Up
127
Trend is positive as remain above 122.
Lead (FEB)
Up
153.35
As long as hold 152  buy on dip strategy.  Resistance at higher level 160   162
Zinc (FEB)
Up
192
Time being resistance 195 and support 189 watch out break this range will move faster
Nickel (FEB)
Side
Way
740
As long as price trading above 710, buy o dip strategy continue
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