Tuesday, April 1, 2014

COMMODITY CALLS FOR 2ND APRIL 2014

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Gold prices are expected to bounce, one can long only if sustains above 28100 with a stop loss below 27950. Prices are expected to rise till 28500 – 28550. 

Silver prices are expected to bounce 43600 -43850. One can buy if sustains above 42900 with a strict stop loss below 42400. 

Copper prices are expected to trade within the range from 397 to 406. Traders are advised to sell on rise around 405 - 405.50 with a stop loss above 408.50. 

Nickel prices are expected to trade within the range from 970 to 940. One should buy around 950 -948 with a stop loss below 938. 

Lead prices are likely to bounce till 124.70 -125 whereby seller could be active, one can sell with a stop loss above 126.30. Prices are expected to test 121.50 on lower end. 

Crude oil prices are likely to remain range bound from 5970 to 6150. One can sell with a strict stop loss above 6155.

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