Monday, June 7, 2010

Askchirag.com

Askchirag.com


MCX Supports Resistance Levels

Posted: 07 Jun 2010 03:39 AM PDT

Comex Gold : Trend Sideways Consolidation - Range Bound
Range: 1190--1220
Resistance Levels : 1220--1128-1236
Supports: 1190-1196-1204-1212

MCX gold : Double top @ 18850
Trend : Trend Sideways Consolidation - Range Bound
Resistance :18700-18850
Support: 18250-18333-18514

Comex Silver : Important Support at 17$
Trend : neutral
Trend Reversal levels 17.64 $
Trading levels : 1700-1717-1733-1741-1764

MCX Silver : Trend Sideways to Consolidation
Trend Reversal Bullish only abv 28700
Important Support at 27900 Below that weak
Trading levels : 27900-28050-28130-28264-28490-28700


Nymex Crude : Trend Buy on Dips
Trading Levls : 69.4-70.15-71.4-72.6
Important Resistance - 71.4 Above that Expect some short covering till 72.6

MCX crude : Trend Buy on Dips
Trading levels : 3340-3368-3391-3410
Important Resistance : 3410


BASE METALS

Copper : Trend Weak - Important Resistance 298 ,Close above same one can Expect Trend Reversal.
On downside 281 Important Support

Lead : Trend Weak - Highly oversold
Expecting Some value buying at lower levels Near 72-73 Zone , Resistance at 75 above which can expect Some short covering till 77.35
Trading levels : 72.5-73.4-74.6-75.3-76-77.35


Zinc : Trend Weak - Highly oversold
Expecting Some value buying at lower levels Near 75, Resistance at 76.8 Above which Can Expect Short covering till 79.8 levels
Trading levels: 75.3-76.1-76.8-78.4-79.8

Nickel : Trend weak - Oversold
Important Support near 800- 821 Levels , One Can look to Take Longs near those levels With Sl below 790 for Trading bounce back till 875 levels
Trading levels - 800-821-838-844-861-874-891

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