MARKET OUTLOOK OF COMMODITY 02 JAN 2015

CALL GIVEN ON 30 DEC 2015

YESTERDAY SELL GOLD FEB CONTRACT HIT FINAL TGT 24920 MADE LOW OF 24850!!!!!!!!!!!!!!!!!

BULLION

The above is hourly chart of Gold. It suggests that prices are trading in sideways to down trend. It is expected to fall below trend channel support line and correct down till 24850 levels. On upside, immediate resistance is located at 25060 levels.

02 Jan 2016 Trading Call: Sell around 24970 levels with a stop loss placed above 25060 levels for target of 24850 levels.

ENERGY

The above is hourly chart of Crude Oil. It suggest that prices are likely to find support near 2430 levels in today's session. Further support is located at 2385 levels. On upside, resistance is located at 2500 levels.

02 Jan 2016 Trading Call: Buy around 2430 levels with a stop loss placed below 2385 levels for targets of 2500 levels.

METALS

The above is hourly chart of Copper. It suggest that prices have given breakout from symmetrical triangle. It is expected to retest previous high of 321.60 levels. On downside, immediate support is located at 314.50 levels.

02 Jan 2016 Trading Call: Buy around 316.95 with a stop loss placed below 314.50 levels for targets of 321.60 levels.