Friday, July 13, 2018

COMMODITY UP DATED : 13th july 2018

COMMODITY UP DATED :  13th 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. Higher level once crossover 30700   it will show power.   Buy on decline strategy.
Some Technical Indicators :
Last Week
High
Low
Close
50 DMA
200 DMA

30737
30244
30560
30959
30163
52 week


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Silver : Sept –
 Lower level do not think short sell with consider support 39000=39100 and resistance around  39500-39700, avoid  any trading call and time for consolidation time.
Some Technical Indicators :
Last Week
High
Low
Close
50 DMA
200 DMA

40050
38560
39766
39847
39147
52 week


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Crude Oil 19th July 
Overall trend is  bullish with consider decent support 4600-4650  and as long as holding there is no chances of big down side  and decent opportunity to buy side with tight stop loss.  Intra day traders can sell with stop loss  4850 for target 4750 4700  and below.
Some Technical Indicators :
Last Week
High
Low
Close
50 DMA
200 DMA

5173
4971
5075
4691
4072
52 week


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Copper August 
Trend is bearish but highly over sold region with consider support 410-415 range and resistance 425-430, once stay above on sustainable basis think only positive bias, otherwise remain sell side.
Some Technical Indicators:
Last Week
High
Low
Close
50 DMA
200 DMA

453
428
432
461
451
52 week


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Nickel July
 We have covered all short position at 950, however, buying seen at lower level with consider resistance 1000   mark and remain sell side as below this level.
Some Technical Indicators :
Last Week
High
Low
Close
50 DMA
200 DMA

1021
954
959
995
859
52 week


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Natural Gas 26th July
Below 200 bear  favour, consider support 190 decisively break to sell side for target 185 and below.
Some Technical Indicators :
Last Week
High
Low
Close
50 DMA
200 DMA

200.80
194.70
196.70
195.65
188
52 week


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Aluminum July
Support break down and as long as below 143-145 range sell side  down side open towards 135 and below.
Some Technical Indicators :
Last Week
High
Low
Close
50 DMA
200 DMA

147.50
143.10
143.85
153.20
142.60
52 week


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ZINC -  July  144.70
We are bearish below 200 and our target 185   180 have been achieved however, it was made a low 1743.  Over all highly over sold zone and avoid further short sell.  Any time pull back on card.
Some Technical Indicators :
Last Week
High
Low
Close
50 DMA
200 DMA

199.85
185.35
190.60
206.70
211.85
52 week


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LEAD July
Below  160 we are bearish and made a low 146.  Now this commodity entered in bearish zone and sell side.   Sell around 151 + stop loss 153.10 target 145 and below.
Some Technical Indicators:
Last Week
High
Low
Close
50 DMA
200 DMA

166.75
159.08
161.55
162.85
16135
52 week


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3M TEAM Research
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