31 March 2016

TECHNICAL ANALYSIS OF COMMODITY FOR 1 APRIL 2016

Technical View GOLD: As expected MCX Gold prices have achieved our short term target of 28630. Counter is trading below its trend line resistance as well as it has has hold 61.8% Fibonacci retracement from its previous bearish move. Moreover, MCX Gold prices are trading below its 100 EMA on hourly chart. The momentum indicator RSI has hold its resistance at 60 levels on hourly chart which add bearishness in the prices. For now we expect prices should move lower towards 28150 levels in the coming trading sessions.
Technical View SILVER: MCX Silver prices after witnessing breakdown from symmetrical triangle pattern on hourly chart is able to sustain below its trend line resistance at 36920 levels. On the other hand MCX Silver prices are trading below its 60 EMA on hourly chart. The momentum indicator RSI has drift below 50 levels on hourly chart which add bearishness in the prices. For now we expect prices to move lower towards 35550 levels in few trading sessions.
Technical View CRUDEOIL: The above hourly chart of MCX Crude Oil suggests that prices have given pullback in the corrective mode till 2645 levels. Hence, it is expected to resume downtrend which likely to fall upto 2480 levels. On the other hand, prices are trading below 60 EMA on hourly chart. The momentum indicator RSI has hold trend line resistance at 50 levels on hourly chart which adds negative confirmation to the prices. For now we expect prices to move lower towards 2460 levels in coming trading sessions. Although Crude oil prices managed to open higher on Wednesday, it failed to hold and once again turned lower. Prices have settled just above the key support of 2540. Break down below 2540 will shift the trend to bearish and will draw down till 2425 then 2350.

30 March 2016

COMMODITY ANALYSIS FOR TODAY 30 MAR 2016

YESTERDAY'S GOLD ROCKS HIT TGT 28665 MADE HIGH OF 28830  !!!!!!!!!!!!!!!!!!!
YESTERDAY'S SILVER ROCKS ALMOST HIT TGT 36950 MADE HIGH OF 36829!!!!!!!
GOLD: The above is hourly chart of Gold. It suggests that prices are making lower highs and lows. Hence, it is expected to make another lower high till 28950 levels. On the flip side, immediate support is located at 29550 levels.
Call: Buy above 28600 SL 28550 TGT 28950
SILVER: The above is hourly chart of Silver. It suggests that prices are taking resistance near 36890 levels. If it crosses then we could see rise upto 37485 levels. On the downside, it has immediate support at 36480 levels.
Call: Buy above 36700 SL 36480 TGT 37885
CRUDEOIL: The above is hourly chart of Crude Oil. It suggests that prices are forming wedge pattern, which has already given breakout on the upside. Further is has confirmed reversal in the trend by positive divergence on RSI.
Call: Buy around 2590 SL 2545 TGT 2645 levels.

29 March 2016

COMMODITY ANALYSIS FOR TODAY 29 MAR 2016

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GOLD: The above is hourly chart of Gold. It suggests that prices are prices are making lower
Highs and lows. In today's session it is expected to rebound toward 28665 levels. On another side, it has immediate support at 28270 levels.
Call: Buy around 28390 levels with a stop loss placed below 28270 levels for target of 28665 levels.
SILVER: The above is hourly chart of Silver. It suggests that prices are trading in mixed
To firm note. However, it is expected to take support near 36450 levels where cluster
Of supports coincides. Further it has support at 36050 levels. On the upside, it has immediate resistance at 36950 levels
Call: Buy around 36510 levels with a stop loss placed below 36050 levels for targets of 36950 levels.
CRUDEOIL :The above is hourly chart of CrudeOil. It Suggests that prices are trading in sideways zone.On The downside, it has immediate support at 2590 levels. On the upside, it has immediate resistance at 2690 levels.
Call: Buy around 2630 levels with a stop loss placed below 2590 levels for targets of 2690 levels.

23 March 2016

COMMODITY ANALYSIS FOR TODAY 23 MAR 2016

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GOLD ROCKS HIT TGT 29000 !!!!!!!!!!!!!!!!!!!
GOLD: The above is hourly chart of Gold. It suggests that prices are prices are making lower highs and lows. If it breaks 28800 in today's session then it could fall till 28420 levels. Momentum indicator RSI is suggesting weakness in the trend.
Call: Sell below 28800 with a SL 29060 levels for TGT of 28420 levels.
SILVER: The above is hourly chart of Silver. It suggests that prices are trading in mixed to firm note. However, it is expected to correct down till lower trend line support levels. On the upside, immediate resistance is located at 38300 levels.
Call: Sell around 37900 with a SL 38300 levels for TGT of 37450 levels.  

22 March 2016

COMMODITY ANALYSIS FOR TODAY 22 MAR 2016

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Gold : Gold fell on Monday for a third day, with demand for bullion hurt as the dollar arrested three weeks of declines after hawkish comments from U.S. Federal Reserve officials renewed expectations of U.S. interest rate hikes. The metal has risen nearly 17 percent this year on fading expectations for rate hikes. It rallied on Wednesday after Fed policymakers revised down the number of times they expect to raise interest rates this year to two from four, but it failed to revisit the previous week's 13-month high, and it slid as the dollar rebounded. Analysts said the Easter holidays at the end of the week will cost gold some momentum. Market indicators are signaling that investors see stronger risks of inflation, which has been almost non-existent since the credit crisis, despite scepticism from the Fed.
The above is hourly chart of Gold. It suggests that prices are prices are making lower highs and lows. It has immediate support at 28820 levels. If this holds then some bounce back can be expected till 29200 levels.
Call: sell around 29200 levels with a stop loss placed below 29400 levels for target of 29000 levels.

21 March 2016

COMMODITY ANALYSIS FOR TODAY 21 MAR 2016

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CRUDEOIL ROCKS HIT 2700 MADE LOW OF 2634 !!!!!!!!!!!!!!!!!!!
GOLD: Gold edged lower on Friday, as the dollar steadied above a five-month low, but the metal remained on track for a weekly gain after the Federal Reserve scaled back rate increase expectations. The U.S. central bank held interest rates steady on Wednesday and indicated it would tighten policy this year, but fresh projections offered by the Fed showed policymakers expect two quarter-point increases by year-end, half the number forecast in December. Expectations the Fed would raise rates steadily this year had faded since the bank's initial hike in December, as concerns about global growth roiled financial markets. Above is MCX Gold Oct daily chart. It suggests that prices are showing weakness in the near term. It has potential to break immediate support of 28800 levels and correct till 28425-28030 levels. On the upside, immediate resistance is located at 29420 and 29600 levels.
CRUDEOIL: Crude oil prices settled lower on Friday after the U.S rig count rose for the first time since December,

18 March 2016

TECHNICAL ANALYSIS OF COMMODITY FOR 18 MARCH 2016

YESTERDAY'S SILVER ROCKS HIT TGT 38150 !!!!!!!!!!!!!!!!!!!
YESTERDAY'S CRUDEOIL ROCKS HIT TGT 2560!!!!!!!!!!!!!!!!!
GOLD: The above is hourly chart of Gold. It suggests that prices are prices are making lower highs and lows. However, in today's session it is expected to touch upper resistance of 29575 levels. On the flip side, immediate support is located at 29200 levels.
Call: Buy around 29200 levels with a SL placed below 29000 levels for target of 29400 levels.
SILVER: The above is hourly chart of Silver. It suggests that prices are trading in mixed to firm note. It is expected to rise towards 38800 levels. On the downside, immediate support is located at 38100 levels.
Call: Buy around 38200 levels with a SL placed below 37800 levels for targets of 38500 levels.

17 March 2016

TECHNICAL ANALYSIS OF COMMODITY FOR 17 MARCH 2016

GOLD ROCKS HIT FINAL TGT 29375 MADE HIGH OF 29600!!!!!!!!!!!!
SILVER ROCKS HIT FINAL TGT 37420 MADE HIGH OF 37700!!!!!!!!!!!!
GOLD: The above is hourly chart of Gold. It suggests that prices are prices are making lower highs and lows. However, in today's session it is expected to touch upper resistance of 29575 levels. On the flip side, immediate support is located at 29200 levels.
Call: Buy around 29370 levels with a stop loss placed below 29200 levels for target of 29700 levels.













SILVER: The above is hourly chart of Silver. It suggests that prices are trading in sideways zone. Technically, it is expected to hold lower support of 36870 levels. It is expected to bounce back towards 38150 levels.
Call: Buy around 37520 levels with a stop loss placed below 36870 levels for targets of 38150 levels














16 March 2016

COMMODITY ANALYSIS FOR TODAY 14 MAR 2016

GOLD: The above is hourly chart of Gold. It suggests that prices are likely to bounce back till 29375 after taking suport near lower trend line located at 28870 levels. Hence, prices are expected to show reversal in the trend.
Call: Buy around 29130 levels with a stop loss placed below 28870 levels for target of 29375 levels.













SILVER: The above is hourly chart of Silver. It suggests that prices are trading in sideways zone. Technically, it is expected to hold lower support of 36620 levels. It is expected to bounce back towards 37420 levels.
Call: Buy around 36950 levels with a stop loss placed below 36620 levels for targets of 37420 levels.













CRUDEOIL: The above is hourly chart of Crude Oil. It suggests that prices are likely to remain capped under resistance of 2510 levels. It is expected to fall down till 2430 levels.
Call: Sell around 2475 levels with a stop loss placed above 2510 levels for targets of 2430 levels.

15 March 2016

GOLD ANALYSIS FOR TODAY 15 MAR 2016

SELL GOLD BELOW 29200 TGT 29000/28500 SL 29450

Gold:
Gold turned lower and fell below $1,240 an ounce on Monday, as stock markets and the dollar gained, and investors squared positions ahead of closely watched policy meetings of U.S. and Japanese central banks this week The weak move followed Friday's brief bounce to a 13month high after the European Central Bank signaled an end to rate cuts and the euro rose sharply versus the dollar. Gold is highly sensitive to monetary policy and resulting currency moves.The U.S. Federal Reserve's two day policy meeting will start on Tuesday and be watched for clues on the future pace of U.S. rate increases.
Further U.S. rate hikes could lift the opportunity cost of holding non yielding bullion, while boosting the dollar, in which it is priced. The metal has risen 16 percent this year as expectations for further near
term hikes faded.Investors are also keeping a watch on the Bank of Japan meeting this week, when its policy board is set to discuss whether to exempt $90 billion in short term funds from its newly imposed negative interest rate.Hedge funds and money managers increased their bullish COMEX gold position to the highest in 13 months in the week to March 8, the eighth increase in the last nine weeks, data showed on Friday.
Outlook
We expect gold prices to trade negative ahead of policy meetings of the U.S. and Japanese central banks.

14 March 2016

BULLIONS ANALYSIS FOR TODAY 14 MAR 2016

GOLD::The above is daily chart of International spot Gold. It suggests that prices are still hovering near higher levels. However, momentum is slowing down. In this week, prices may find support near $1235 levels and expected to retest previous high of $1284. Further move above this will open the door towards $1310 levels. Hence, bias is likely to trade on bullish note. Above is MCX Gold Oct daily chart. It depicts that prices are taking resistance at horizontal trendline located at 30160 levels. After gaining more than 13 percent in last 2 months prices are trading in sideways zone. On the downside, immediate support is located at 29065-28425 and further at 28030 levels. However, cross of crucial resistance 30160 will take it towards 30670 levels
SIVER:: Above is MCX Silver daily chart. just like international Silver, MCX prices are also forming cup and handle pattern. In this week, it is expected touch immediate resistance of 38180 and further 38850 levels. On the flip side, immediate support is located at 36650 and 37150 levels. Hence, bias is expected to trade on bullish mode.
CRUDEOIL::Above is daily chart of MCX Crude oil. It suggests that prices are taking resistance near 2665 levels. Last Friday’s Doji candle suggests reversal in the uptrend. Hence, it is expected to give correction till 2465 and 2400 levels. However, if it continues its bullishness then it will gain till 2890 levels

11 March 2016

BULLIONS ANALYSIS FOR TODAY 11 MAR 2016

REVIEW & Outlook:GOLD
GOLD: Gold prices approached near 13 months high in the early morning trade today after rallying 1.22% in yesterday’s trade at COMEX. The prices recovered their intraday losses yesterday after the Euro recovered sharply against the dollar post the comments from the ECB president that there might not be any further rate cuts. Earlier it lowered deposit rates by 10 basis points to -0.4 percent and expanding its asset purchasing programme to 80 billion Euros per month to avoid another recession. The programme will run until at least March 2017. The US dollar index tumbled to a month’s low of 95.94 overnight. SPDR Gold Trust, the world's largest gold-backed exchangetraded fund, said its holdings rose to 25.68 million ounces on Thursday, the highest since August 2014.
Gold Comex: BUY AT 1265-1264 TP 1256 SL 1290
GOLD MCX : BUY AT 29800-29790 TP 30150 SL 29680
REVIEW & Outlook:SILVER

10 March 2016

COMMODITY ANALYSIS FOR TODAY 10 MAR 2016

GOLD: The above is hourly chart of Gold. It suggests that prices are showing positive divergence on RSI. Hence, prices are expected to erase last 2 day's losses. On the downside, immediate support is located at 29200 levels.
Call: Buy around 29330 levels with a stop loss placed below 29200 levels for target of 29495 levels
SILVER: The above is hourly chart of Silver. It suggests that prices are taking support near 61.8 percent Fibonacci retracement levels. Momentum indicator RSI is expected to recover back on the upside. It has potential to retest 37370 levels. On the downside, immediate support is located at 36510 levels.
Call: Buy around 36850 levels with a stop loss placed below 36510 levels for targets of 37370 levels
CRUDEOIL: The above is hourly chart of Crude Oil. It suggests that prices are trading in sideways zone. On the upside, immediate resistance is located at 2595 levels. Prices are expected to touch lower Bollinger band level located at 2593 levels.
Call: Sell around 2558 levels with a stop loss placed below 2595 levels for targets of 2493 levels.

9 March 2016

BULLIONS ANALYSIS FOR TODAY 09 MAR 2016

Gold: Gold prices couldn’t sustain at its swing highs at 30161 levels yesterday. Weakness below 29540 will see prices correct towards 29400 areas. Intraday pullback rallies will face resistance at 29930/30095 zones. A daily close below 29400 will trigger a correction towards 29080 levels.The above is hourly chart of Gold. It suggests that prices have immediate support at 29545 levels, which if breached then it can fall towards 29250 levels. On the upside, immediate resistance is located at 29720 levels. Trading Call: Sell below 29545 levels with a stop loss placed above 29720 levels for target of 29250 levels.
Silver: Silver can bounce higher until prices hold on above 37050 levels. Prices can test 37500 levels in that case. Areas between 36950— 36770 are strong support zones for the counter on the downside. Daily close above 37500 will see prices bounce towards 37950/38100 zones again.The above is hourly chart of Silver. It suggests that prices are trading in line with lower bollinger band levels. It is expeced to fall further till 36860 levels. Any pullback till 36350 would be selling opportunity for traders to take positions. Hence, bias is on the downside. Trading Call: Sell around 37350 levels with a stop loss placed above 37680 levels for targets of 36860 levels

8 March 2016

COMMODITY ANALYSIS FOR TODAY 08 MAR 2016

GOLD ROCKSSSSSSSSS HIT FIRST TGT 30000 MADE HIGH OF 30158!!!!!!!!!!!! 
GOLD: Above is MCX Gold Oct daily chart. Domestic prices are still trading below its previous high of 30095 levels. It is expected to cross that level to gain further till 31500 levels. Momentum indicator RS is hovering near bullish territory, suggests strong upmove. On the flip side, it has immediate support is located at 29413 levels.
SILVER: Above is MCX Silver daily chart. just like international Silver, MCX prices are also forming cup and handle pattern. In this week, it is expected touch immediate resistance of 39000 and further 39500 levels. On the flip side, immediate support is located at 37150 levels. Hence, bias is expected to trade on bullish mode.
CRUDEOIL: Above is daily chart of MCX Crude oil. It suggests that prices are making higher highs and lows. After cross immediate resistance of 2400, prices gained sharply above 2500 in yesterday’s session. It is expected to extend its upside rally upto 2665 levels. On the flip side, immediate support is located at 2400 levels.

4 March 2016

GOLD ANALYSIS FOR TODAY 04 MAR 2016

"BUY GOLD 29900 TGT 30000/30300 SL 29500"
Gold : Gold rose back towards $1,260 an ounce on Thursday, coming within a hair of a 13-month high as the dollar was on track to make its biggest one-day tumble in a month after U.S. data fueled worries over Friday's U.S. payrolls data. New orders for U.S. factory goods rebounded less than expected in January, though it was the largest increase since June. U.S. nonfarm payrolls are estimated to have risen by 190,000 last month, according to a Reuters poll of economists. A strong reading may revive expectations that the Federal Reserve will press ahead with more U.S. interest rate hikes this year, which would weigh on non-yielding gold. On Thursday, Dallas Federal Reserve President Robert Kaplan called for the U.S. central bank to be patient when it comes to raising rates, citing the effect of tighter financial conditions on U.S. economic growth. Holdings of the largest gold-backed exchange-traded fund, SPDR Gold Shares, rose to the highest since September 2014.
Outlook : We expect gold prices to trade positive on the back of dovish statements by US Federal Reserve members.

3 March 2016

BULLIONS ANALYSIS FOR TODAY 03 MAR 2016

GOLD ROCKSSSSSSSSS HIT FIRST TGT 29350 MADE HIGH OF 29391!!!!!!!!!!!!
GOLD : Gold rebounded on Wednesday as the U.S. dollar turned lower, shrugging off a turn higher in global shares and better-than-expected U.S. economic data. San Francisco Federal Reserve President John Williams said there has been no substantial change in his outlook on the U.S. economy or his opinion on the number of times the Fed should raise interest rates this year and next. Bullion, seen as a shelter for risk-averse investors, has rallied more than 16 percent this year in the face of tumbling equities and fears of a global economic slowdown. Shares on major equity markets hit their highest in nearly two months and U.S. government bond yields touched their highest in almost four weeks as strong U.S. economic data, showing private employers added 214,000 jobs in February, tempered fears of a global economic slowdown. Investors will be watching more U.S. data to gauge the impact on stocks and the Federal Reserve's monetary policy, with the most important release being non-farm payrolls on Friday. Outlook We expect gold prices to trade positive on the back of dovish statements by US Federal Reserve members.
The above is hourly chart of Gold. It suggests that prices are recovering on the upside after

2 March 2016

GOLD ANALYSIS FOR TODAY 02 MAR 2016

GOLD ALMOST HIT FIRST TGT 29700 MADE HIGH OF 29680!!!!!!!!!!!!
“BUY GOLD APR @ 29100 SL 28960 TGT 29350-29520.”
GoldGold trading range for the day is 28765-30069. Gold dropped into the red after data showed manufacturing activity in the U.S. contracted again in February, but at a slower pace than in the preceding month. The better than ISM data was seen as supporting the case for higher interest rates at some point later this year, sending dollar broadly higher. India's gold imports in January surged 62 percent compared with the same period last year.
Gold on MCX settled down -0.97% at 29226 reversing gains, falling into the red after data showed manufacturing activity in the U.S. contracted again in February, but at a slower pace than in the preceding month. The ISM reported that its Manufacturing Index rose 1.3 points to 49.5 in February, slightly above consensus forecasts of a 0.3 increase to 48.5. Employment, which has hovered near seven-year lows in recent months, showed some signs of breaking through after jumping 2.6 points to 48.5. Production also soared 2.6 points last months to 52.8.

1 March 2016

GOLD ANALYSIS FOR TODAY 01 MAR 2016

"BUY GOLD ABOVE 29530 TGT 29700/29900 SL 29450"
Gold: Gold rose 1 percent on Monday, boosted by lower equities and weak U.S. data, leaving the metal well placed to log its best monthly performance in four years as turmoil in wider markets increased its safe haven appeal. Bullion has rallied about 16 percent this year, rediscovering its role as a shelter for risk-averse investors in the face of tumbling equities and fears of a global economic slowdown. Prices hit a one-year high of $1,260.60 this month, further supported by the repricing of expectations for U.S. interest rate rises. U.S. data showed contracts to buy previously owned U.S. homes fell to their lowest level in a year in January. Hedge funds and money managers raised their bullish stance in COMEX gold to a one-year high, data showed on Friday. Assets in SPDR Gold Trust, the world's top gold-backed exchange-traded fund, rose to 762.41 tonnes on Friday, the highest in about a year. Gold prices on the Shanghai Gold Exchange were at a premium of about $2 an ounce, indicating buying interest from top consumer China. Physical demand in India, however, remained subdued last week, with the market falling to record discounts. 
Outlook: We expect gold prices to trade positive on the back of safe haven buying.