Sunday, 27 April 2014

Weekly Forecast 28 April - 2 May 2014



Please note that below forecast is based on the closing basis and technical indicators at the closing 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

Gold Oscillator is showing signs of bounce back. Here Strong resistance is at 29000 and support at 28500 and then strong support at 27861. 

Please be careful while trading and maintain strict Stoploss.

Above 28500 with SL 28450 keep buy on dips and watch out for breakout above 29000 on daily closing basis for TGT 29200, 29600 and above till 30000.

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Silver

Silver Oscillator showing signs of bounce back. Here above 42000 keep buy on dips view for TGT 44,400 and then 45400+

Here watchout for breakout above 43000 on daily closing basis.

Maintain strict SL of 41800 For TGT 44400, 45400.

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Copper


Copper oscillators are showing signs of bounce back may continue till 430+ level.

Copper has support at 408 – 410 level now…

Buy on dips near with SL 408 for TGT 430+

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Aluminium

Aluminium Oscillators are showing retracement is weakening and may bounce back till 117 and then 122 levels.

Above 107 keep buy on dips view with SL below 106 for TGT 117, 122.

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Lead
Lead Oscillators are showing the retracement is weakening and lead may bounce back again to make new high near 135.65 level.

Above 125 keep buy on dips strategy for TGT 135.65.

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Zinc

Zinc Oscillator showing the Retracement is weak and may bounce back till 128.35 and then 130 level.

Above 121.80 keep buy on dips with SL 121.50 for TGT 128.35, 130.

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Nickel

Oscillator is showing weak retracement and may bounce back till 1063 + level.

Above 1090 keep buy on dips view with SL 1090 for TGT 1182 level

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Crude

Crude may retrace till 6040 and then may test 5950 level again and then bounce back for new high.

Above 6040 keep buy and accumulate on dips strategy for big profits with SL 6000 and hold for TGT near 6400 and then 6663 in coming weeks.

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Natural Gas

Natural gas is again trading above all MA and oscillator moving towards overbought zone. It has support at 279 and 278. Keep buy on dips view above this level.

Watch out for breakout above 290.50 level. For next week we may see 310 level soon.

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