Wednesday, September 5, 2012

Commodity Market Research Calls

Commodity Tips
Precious Metals are traded in a range bound today for today's commodity market. A major fall in the precious can't be seen in any technical research in our research.
Gold prices are resisting the upward sloping trendline. one can remain caution as we could witness profit booking. Prices can test in gold commodity the immediate support at Rs 31300-31250.
Silver prices are expected to trade Rs 61700 on lower end, if sustains above that one can enter long for intraday with a stop loss below Rs 61250.
Crude Oil price are testing the upward sloping trend line and we expect 5320 to be the crucial point for the direction of the trend.
Copper prices are likely to witness a range bound move from Rs 432-423 one can trade with a negative bias and sell around Rs 430-431 with a stop loss above Rs 434.
Nickel prices are expected to hold the support at Rs 880 one can buy on dips around 893 for the upside target at Rs 915-920.
Lead prices are expected to witness profit taking till Rs 109.50 which seems be a good support, for intraday one can long at Rs 109.50.

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