Monday, 14 July 2014

Commodity Alert: 14 July 2014

WE WILL UPDATE MORE ONCE MARKET OPENS AND SETTLES DOWN TILL 11.30 AM

Commodities are expected to give some corrections to following levels where new buying positions can be initiated.....As commodities have given a good upside run for past few weeks ......it may retrace to their 50% Fibbo levels where we expect (May) to find the support ....OVERALL METALS AND BULLIONS ARE POSITIVE .....LONG TIME BUYERS CAN STILL BE ON BUYING SIDE AND BUY MORE AT THESE LEVELS IF THEY COME....

Gold : 27100 - 26800
Silver : 43902 - 43790
Copper : 425.10-426
Aluminium : 113.80 - 112.50
Lead : 127.25-126.90
Zinc :1136.80-137.05
Nickel : ONLY PAID CUSTOMERS
Crude : Crude may show some correction at 5960 levels buy fresh buying can be initiated only above 6103 levels ( if day close above 6103)

NG : Below 255 stay sell on rise for TGT 222 - 218

PLEASE NOTE OUR LONG TERM TARGETS ARE STILL SAME....BUT RETRACEMENTS IN COMMODITIES CAN NOT BE RULED OUT...


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