SUPREME MCX : Daily Forecast 10 April 2014

Daily Forecast 10 April 2014

Please note that below forecast is based on the closing basis and technical indicators at that time. Market situations may change depending on what level it opens. You are advised to consult your financial adviser or us before taking any positions.

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Gold

Gold is trading above 28200. Above 28200 keep buy on dips strategy.
For tomorrow buy near 28200 with SL 28100 TGT 28350, 28450.

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Silver

Silver is still trading above 42400 level and could not sustain below 42400. If trade below 42400 for 30 min to 1 hr then we may see 42150, 41750 levels…

If we don’t see breakout below this level then Silver can bounce back and can test resistance at 43400 again.

For tomorrow Buy near 42400 SL 42300 TGT 42900, 43400.

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Copper

Copper has support at 404. Next strong resistance at 409 level.
For tomorrow watchout for break out above 409 which may take copper towards 412-414 and then 422.50.

For tomorrow buy near 403.50 with SL 401 for TGT 408.35, 411, 413,422.

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Aluminium

As told yesterday, Aluminium has broken 110.35 level and may continue bounce back. It is heading towards 114 level.

Tomorrow morning Keep buy on dips strategy above 109 level with SL 109 for TGT 114.

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Lead

As expected, above 123 Lead hit 126.25. As told yesterday now Lead has closed above 125 level. Now next TGT is 127.50, 128, 130…

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Zinc

Above 118 Lead may continue its bounce back till 124 levels. Watchout for breakout above 122. For tomorrow Below 124 Keep sell on rise view.

For tomorrow Sell near 124 with SL 124.50 for TGT 120, 119.

OR

Buy near 120 SL 119 TGT 122, 124.

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Nickel

Nickel has broken resistance at 994 and 998.Now next TGT 1017, 1030
For tomorrow sell Nickel above 998 with SL 998 TGT 1017, 1030.

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Crude

As suggested, TGT of 6205 is achieved. Watchout for a breakout above 6241. Above 6241 next resistance is 6272. If sustain above 6272 for 30 min to 1 Hr then next TGT 6410, 6446.

Keep Buy On Dips view above 6190 with SL 6170.

For tomorrow trade carefully with strict SL.

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Natural Gas

NG is trading near resistance of 277. If broken can technically bounce back till 281, 286, 289 levels. Below 294 NG is weak.

For tomorrow buy near 268 SL 264 TGT 281, 289.

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Daily Forecast 9 April 2014

Please note that below forecast is based on the closing basis and technical indicators at that time. Market situations may change depending on what level it opens. You are advised to consult your financial adviser or us before taking any positions.
For more instant updates KEEP VISITING suprememcx.blogspot.in or
add us on yahoo messenger supremecomm@yahoo.com

Gold

Gold is still strong above 28200. It can continue bounce back till 28760-28790 Level.
For tomorrow buy near 28360-28435 with SL 28200 TGT 28760, 28790.

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Silver

Overall for the week Silver will continue its technical bounce back. Above 43000 keep buy on dips strategy for TGT 44800, 45000, 45500…
For tomorrow Buying SL 42900 for TGT 43400, 44500, 45500.

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Copper

Copper has support at 404. Next strong resistance at 410 level.
For tomorrow watchout for break out above 410 breakout at 410 may lead towards 412-414 and then 422.50.

For tomorrow buy near 405 with SL 402 for TGT 410, 413, 422.

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Aluminium

Aluminium may continue bounce back. It has taken support at 107.80 levels
Tomorrow morning Keep buy on dips strategy above 107.80 level with SL 108 for TGT 109.60. Break out above 110.35 can take metal to new high.

We may see selling opportunity at 109.60 -110.10 SL 110.50 TGT 109, 108, 106.20

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Lead

Above 123 Lead may continue its bounce back till 125.20-126.80 levels. Watchout for breakout above 125. For tomorrow Below 126 Keep sell on rise view.

For tomorrow Sell with SL 126 for TGT 124, 123.

OR

Buy near 123 SL 122 TGT 125.20, 127.

Anyday closing above 125 lead may see 127, 130 levels in coming weeks.

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Zinc
Above 118 Lead may continue its bounce back till 124 levels. Watchout for breakout above 122. For tomorrow Below 124 Keep sell on rise view.
For tomorrow Sell with SL 124 for TGT 120, 119.
OR
Buy near 119 SL 118 TGT 122, 124.
Anyday closing above 122 lead we may see 124, 126 levels in coming weeks.

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Nickel

Nickel has resistance at 994 and 998. It may retrace below this level till 980 and then near 971 levels.
For tomorrow sell Nickel Below 998 with SL 998 TGT 980, 971.

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Crude

As suggested, since crude has sustained above 6130, buying has triggered now. Next major resistance is at 6205. Watch out for breakout above 6205.
For tomorrow Keep buy on dips view above 6100 with SL 6100 TGT 6205 and above 6205 if it sustain for 30 min to 1 Hr…then we may see next TGT 6268, 6388 level

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Natural Gas

NG can technically bounce back till 281, 286, 294 levels. Below 294 NG is weak.
For tomorrow buy near 268 SL 264 TGT 281, 286, 294.

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Daily Forecast 8 April 2014

Please note that below forecast is based on the closing basis and technical indicators at that time. Market situations may change depending on what level it opens. You are advised to consult your financial adviser or us before taking any positions.

Gold

On 4 Hr chart Gold is looking positive and it may continue bounce back till 28478, 28530. On daily chart gold is near its resistance. And can give retracement anywhere between 28478 to 28790 which is next major resistance.

Weekly chart is still suggesting Keep buying on every dips above 28700 for the target 29000 and then 29600 with SL 28700.

Tomorrow morning watchout for breakout above 28478 for TGT 28530 and may be 28790 which is previous high. This can be selling opportunity for retracement till 28400, 28150, 28050 with SL 28850.

Breakout above 28790 can lead gold to new high neat 29000, 29600.

So please take precautions while selling gold at 28790.

Tomorrow morning buy Gold With SL 28242 TGT 28472, 28530, 28790.