Commodity market up dated 17th Jan

 Commodity market up dated  17th Jan  

Gold  :     Trend is continue bullish with consider resistance 30000  and reversal to sell side…  Stop Loss long   29500.. below no need to hold.  Intra day buy side.

Gold – Comex  - Present trading at 1342 $ and looks target 1357 $.   We are bullish above 1310  $   and likely test 1400  $ mark in coming days… Any dip to buy side.

Silver :  38500  short term botton established  and yesterday made a low 38573.   Any dip to buy side till theselevel hold.

Crude :    Over bught zone and time to profit booking and short side.  Sell on rise………    We alreadyadvised positional call holders to book profit at 4100 almost gained 300 points. Avoid any fresh trade.

Natural Gas  : Higher level to selling opportunity with consider resistance 205-206… Trend reversal above 210  only. 

Aluminium  :  Higher lvel some profit booking see with consider resistance 143-144  Reversal to sell side.

Copper  :   Resistance at higher level   460-465 and support 450..   15 points trading range, break out these range in either side to advise trade accordingly.  Till then avoid.

Nickel   : Bullish view continue with stop loss long 780.  .  Resistance 835-840 zone

Lead   : Lower level 162  are good support and resistance 165  closely watch, sustained above do not short.

Zinc  :  Our long call above 205 and our first target in positional call at 220 achieved. Now time to book profit.    Dip to buy side.. Avoid any short sell, no weakness observed in this commodity.