Wednesday, July 11, 2018

COMMODITY UP DATED : 11th july 2018

COMMODITY UP DATED :  11th july 2018
Gold  : August
Strong bullish  and any sharp decline to buy side. Down side decent support observed at 30200-30100 whereas to buying opportunity for target 31000  and above in coming days.
Some Technical Indicators :
Last Week
High
Low
Close
50 DMA
200 DMA

30737
30244
30560
30959
30163
Silver : Sept -
 As it was mentioned that  buy any decline  and we are long last week from the level of 39000  and above 40000  more added for target 40500  and stop loss 40000  mark for short term traders.  Now time to book and  any sharp decline to go long side.
Some Technical Indicators :
Last Week
High
Low
Close
50 DMA
200 DMA

40050
38560
39766
39847
39147

Crude Oil 19th July 
Overall trend is extremely bullish and likely to test 5500 mark in coming days with consider decent support 4600-4700  range, however, short term resistance made at 5150-5200 watch out, do not try to short side and any dip to go long.
Some Technical Indicators :
Last Week
High
Low
Close
50 DMA
200 DMA

5173
4971
5075
4691
4072

Copper August 
Ove all trend is extremely bearish and remain short side  on pull back.  As long as remain below 450-455 range down side open towards 400-410 range in coming days.
Some Technical Indicators:
Last Week
High
Low
Close
50 DMA
200 DMA

453
428
432
461
451

Nickel July
 We are bearish below 1000  and still holding short position.    Avoid further short side.
Some Technical Indicators :
Last Week
High
Low
Close
50 DMA
200 DMA

1021
954
959
995
859

Natural Gas 26th July
Below 200 bear  favour, consider support 190 and once break likely more down side towards 185   180 mark.   Sell on rise strategy.

Some Technical Indicators :
Last Week
High
Low
Close
50 DMA
200 DMA

200.80
194.70
196.70
195.65
188

Aluminum July
Consider major resistance zone 145 to 147  and any rise to sell side with tight stop loss.  Short term top out.
Some Technical Indicators :
Last Week
High
Low
Close
50 DMA
200 DMA

147.50
143.10
143.85
153.20
142.60

ZINC -  July  144.70
We are bearish below 200 and our target 185   180  mark mentioned and yesterday it has been achieved and enjoy, now advised to book full profit in opening trade  and avoid further trade.
Some Technical Indicators :
Last Week
High
Low
Close
50 DMA
200 DMA

199.85
185.35
190.60
206.70
211.85

LEAD July
Break down in trading range looks more down side with consider resistance 163    164 range, break down 160   more panic likely in this commodity.
Some Technical Indicators:
Last Week
High
Low
Close
50 DMA
200 DMA

166.75
159.08
161.55
162.85
16135



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3M TEAM Research
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