15 January 2014


YESTERDAY’S TRADE: We recommended a sell call in COPPER in the range 457.20 to 457.40 which achieved our 1st Target of 455.30.

Precious metals closed negative yesterday where MCX Gold settled at 29096 & MCX Silver settled at 44941. Gold & Silver exactly followed the resistance levels mentioned in yesterday’s trading session and fell drastically in yesterday’s later trading session and now if any bounce comes in these two commodities would be used as a selling opportunity.
 On yesterday’s trading session almost all base metals opened gap up except Copper opened flat to negative but traded with negative bias almost the whole day. It is expected that all the base metals may fall further to at least test their support levels as the intermediate term trend for base metals is negative.

MCX Crude Oil shown recovery from lower levels but could not cross the resistance of 5720 & 5770 on yesterday’s trade and can be further assumed that it might cross resistance of 5720 in today’s trading session but 5770 will act as a good selling opportunity level. Intraday support for Crude Oil is at 5640 &5570.

MCX Natural Gas moving as per the expectations on yesterday’s trade with opening above 265 level and strongly holding that level and it is further expected that the commodity can further test the levels of 270 & 279 in the coming trading sessions.


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    And great post! I am really looking forward to your next post of commodity..

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  3. ankita shrivastav16 January 2014 at 09:40

    Thank you so much for sharing this post.thanks for such nice commodity tips.

  4. And I totally agree with your bullion trading outlook .thanks for updating it regularly .i have book marked it in my list.

  5. You are such a great analyst and genius on bullion.thanks for sharing.

  6. Today's commodity trend
    SELL COPPER (FEB.) BELOW 458.00 TG-456.50/454.50/452.00 SL-460.50
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