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
|
|
|
--
|
---
|
---
|
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
|
|
|
-
|
-
|
-
|
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
|
|
|
-
|
-
|
-
|
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
|
|
|
-
|
-
|
-
|
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
|
|
|
-
|
-
|
-
|
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
|
|
|
-
|
-
|
-
|
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
|
|
|
-
|
-
|
-
|
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
|
|
|
-
|
-
|
-
|
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
|
|
|
-
|
-
|
-
|
For Feedback/clarification/querry, simply drop us a mail at : backoffice.3mteam@gmail.com. Cell No. 9630466296 (also available on whatasapp
With Regards
3M TEAM Research
+919630466296 / 9301302732
|
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