Weekly Recommendation: Buy MCX Gold April between 29,050 – 28,800 , SL- below 28,500, Target – 29800, 30000, 30200 - Risk medium
If 1st target complete then book some profit and place your SL at cost
If SL trigger or closing below my SL then exit my recommended
LOW risk trader do not buy at cmp be patient today or tomorrow 25 march 2014
Valid this full week
MCX GOLD APRIL (CMP – 29,742 / $ 1333)
For this week we expect gold prices to find support in the range of 29,480 – 29,300 levels. Trading consistently below 29,300 or closing below 29280 levels would lead towards the strong support at 28,950 levels and then finally towards the major support at 28,650 levels.
Resistance is now observed in the range of 30,700-30,850 levels. Trading consistently above 30,850 or closing above 30900 levels would lead towards the strong resistance at 31,100 levels, and then finally towards the Major resistance at 31,400 levels.
MCX / Spot Gold Trading levels for the week
Trend: Down
S1 – 29,300 / $ 1,310 R1 - 30,300 / $ 1,360
S2 - 28,800 / $ 1,295 R2 - 30,800 / $ 1,480
MCX SILVER MAY (CMP – 44,651 / $ 20.29)
For this week we expect silver prices to find support in the range of 43,300 – 43,000 levels. Trading consistently below 43,000 levels would lead towards the strong support 42,000 levels and then finally towards the major support at 41,000 levels.
Resistance is now observed in the range of 45,800 – 46,000 levels. Trading consistently above 46,200 levels would lead towards the strong resistance at 47,500 levels, and then finally towards the Major resistance at 48,500 levels.
MCX / Spot Silver Trading levels for the week
Trend: Down
S1 - 43,300 / $ 19.60 R1 - 46,000 / $ 20.90
S2 - 42,000 / $ 19.00 R2 - 47,500 / $ 21.60
MCX COPPER APRIL (CMP – 400.30 / $ 6,480)
For this week we expect Copper prices to find support in the range of 391 – 388 levels. Trading consistently below 388 levels would lead towards the strong support at 382 levels and then finally towards the major support at 375 levels.
Resistance is now observed in the range of 408 - 410 levels. Trading consistently above 410 levels would lead towards the strong resistance at 418 levels, and then finally towards the Major resistance at 422 levels.
MCX / LME Copper Trading levels for the week
Trend: Down
S1 – 388 / $ 6,360 R1 – 410 / $ 6,720
S2 – 375 / $ 6,150 R2 – 422 / $ 6,920
MCX CRUDE April (CMP – 6,121 / $ 99.43)
For this week we expect Crude prices to find support in the range of 6,000 – 5,950 levels. Trading consistently below 5,950 levels would lead towards the strong support at 5,800 levels and then finally towards the major support at 5,750 levels.
Resistance is now observed in the range of 6,200-6,250 levels. Trading consistently above 6,450 levels would lead the rally towards the strong resistance at 6,450 levels, and then finally towards the Major resistance at 6,600 levels.
MCX / NYMEX Crude Oil Trading levels for the week
Trend: Sideways
S1 – 5,950 / $ 96.00 R1 – 6,250 / $ 101.50
S2 – 5,800 / $ 94.50 R2 – 6,450/ $ 105
MCX NATURAL GAS MARCH (CMP – 263.10 / $ 4.315)
For this week we expect Natural Gas prices to find support in the range of 255 - 250 levels. Trading consistently below 250 levels would lead towards the strong support at 242 levels.
Resistance is now observed in the range of 270 - 275 levels. Trading consistently above 275 levels would lead towards the strong resistance at 285 levels, and then finally towards the Major resistance at 295 levels.
MCX / NYMEX Natural Gas Trading levels for the week
Trend: Down
S1 - 250 / $ 4.10 R1 - 270 / $ 4.50
S2 - 242 / $ 3.90 R2 - 285 / $ 4.80
( For any personal query mail me at support@mamatainfotech.com or call me at +91 9932242442, 9932461166 )
If 1st target complete then book some profit and place your SL at cost
If SL trigger or closing below my SL then exit my recommended
LOW risk trader do not buy at cmp be patient today or tomorrow 25 march 2014
Valid this full week
MCX GOLD APRIL (CMP – 29,742 / $ 1333)
For this week we expect gold prices to find support in the range of 29,480 – 29,300 levels. Trading consistently below 29,300 or closing below 29280 levels would lead towards the strong support at 28,950 levels and then finally towards the major support at 28,650 levels.
Resistance is now observed in the range of 30,700-30,850 levels. Trading consistently above 30,850 or closing above 30900 levels would lead towards the strong resistance at 31,100 levels, and then finally towards the Major resistance at 31,400 levels.
MCX / Spot Gold Trading levels for the week
Trend: Down
S1 – 29,300 / $ 1,310 R1 - 30,300 / $ 1,360
S2 - 28,800 / $ 1,295 R2 - 30,800 / $ 1,480
MCX SILVER MAY (CMP – 44,651 / $ 20.29)
For this week we expect silver prices to find support in the range of 43,300 – 43,000 levels. Trading consistently below 43,000 levels would lead towards the strong support 42,000 levels and then finally towards the major support at 41,000 levels.
Resistance is now observed in the range of 45,800 – 46,000 levels. Trading consistently above 46,200 levels would lead towards the strong resistance at 47,500 levels, and then finally towards the Major resistance at 48,500 levels.
MCX / Spot Silver Trading levels for the week
Trend: Down
S1 - 43,300 / $ 19.60 R1 - 46,000 / $ 20.90
S2 - 42,000 / $ 19.00 R2 - 47,500 / $ 21.60
MCX COPPER APRIL (CMP – 400.30 / $ 6,480)
For this week we expect Copper prices to find support in the range of 391 – 388 levels. Trading consistently below 388 levels would lead towards the strong support at 382 levels and then finally towards the major support at 375 levels.
Resistance is now observed in the range of 408 - 410 levels. Trading consistently above 410 levels would lead towards the strong resistance at 418 levels, and then finally towards the Major resistance at 422 levels.
MCX / LME Copper Trading levels for the week
Trend: Down
S1 – 388 / $ 6,360 R1 – 410 / $ 6,720
S2 – 375 / $ 6,150 R2 – 422 / $ 6,920
MCX CRUDE April (CMP – 6,121 / $ 99.43)
For this week we expect Crude prices to find support in the range of 6,000 – 5,950 levels. Trading consistently below 5,950 levels would lead towards the strong support at 5,800 levels and then finally towards the major support at 5,750 levels.
Resistance is now observed in the range of 6,200-6,250 levels. Trading consistently above 6,450 levels would lead the rally towards the strong resistance at 6,450 levels, and then finally towards the Major resistance at 6,600 levels.
MCX / NYMEX Crude Oil Trading levels for the week
Trend: Sideways
S1 – 5,950 / $ 96.00 R1 – 6,250 / $ 101.50
S2 – 5,800 / $ 94.50 R2 – 6,450/ $ 105
MCX NATURAL GAS MARCH (CMP – 263.10 / $ 4.315)
For this week we expect Natural Gas prices to find support in the range of 255 - 250 levels. Trading consistently below 250 levels would lead towards the strong support at 242 levels.
Resistance is now observed in the range of 270 - 275 levels. Trading consistently above 275 levels would lead towards the strong resistance at 285 levels, and then finally towards the Major resistance at 295 levels.
MCX / NYMEX Natural Gas Trading levels for the week
Trend: Down
S1 - 250 / $ 4.10 R1 - 270 / $ 4.50
S2 - 242 / $ 3.90 R2 - 285 / $ 4.80
( For any personal query mail me at support@mamatainfotech.com or call me at +91 9932242442, 9932461166 )
