Wednesday, 18 January 2012

Today's Tips for commodity

We(Sharetipsexpert) are the Best Stock and Commodity Tips provider for Indian market. We are expert in Intraday , long term and short term tips for commodity market. The last week outlook of coomodity market is given below:-

Last week it was mentioned that major resistance 28000-28300, and a reversal was seen from the high of 27800, made a low of 27390, and finally closed at weekly low. Now in this week, crucial resistance is seen at 28000. If prices are sustained above the resistance level, then it may trade up till 28300. Whereas the support level is seen at 27250-27000 for the coming week. We expect gold prices to remain volatile but higher-level to sell side and big fall cannot be ruled out in coming days.

Sell on rise - Our target - 25000+

Without trading level do not try to trade.

Today: Some support at lower level... hold yesterday low of 27495 and trade above 27800, short-term positive bias...

Comex: Above US$ 1650, looks good... and may test 1715-1720.

As mentioned last week, 53500-54100 is a stiff resistance and support is 51500-5100. Now in this week, consider crucial resistance at 53500, major resistance at 54150, and downside support is 51000, on sustained trades below are likely to further down side.

Sell on rise - Our target 45000+

As long as below...?

Without trading level do not try to trade.

Today: Some buying was seen at lower level... Hold 54000, some more up-side, downside support 52500.


As expected, the easing tension between USA and Iran resulted in some selling pressure or profit booking in this commodity. Last week, it made a high of 5370 and low of 5101. Short-term trend is bearish as long as below 5275-5300... Once break...? fall on the card.

Today: Now consider resistance at 5190 and support at 5100; higher-level, some profit booking to continue.


Last week some buying was seen due to fresh demand by China and made a high of 420 after initial week's low of 397. We expect prices to remain volatile but in bull favour in this week. Downside support nearly at 408-405 and resistance at 428-442. Below 395, bear phase likely to start.

Buy on Decline-

As long as hold...

View will change once the trade starts and closes


Today: Overall trend is slightly bullish and any panic and weakness to buy... downside support at 410-408 to watch out. Yesterday, tested our first target 425... above more bullish.


As mentioned earlier, we were bearish below 175

And our target 140, which was achieved...

Now sell on rise strategy...

Likely to test the 118 mark.

Sell - Sell - Sell.

Yesterday low 124.60

Just short of 6 points...


Bulls to continue showing strength.

Downside support 110 and resistance 112

Crossover will move further towards...?

No comments:

Post a Comment