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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With Regards
3M TEAM Research
+919630466296 / 9301302732
|
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