Monday, 24 November 2014

Commodity View 24 Nov 2014

As I was busy during week end I could not update detailed analysis...but following is general view....if any one have any queries , please call.....

Gold : Watch 26350-26270 levels, If broken Gold may retrace further down below 26270 to 26196.....if break 26190 then TGT 25980-25950 levels .....Can expect bounce back from these levels to continue till 26600+ levels....if break 26850 level on daily/weekly closing basis then TGT 27300+ and  long term TGT near 32000 levels is possible....

Keep buy on dips view in Gold.....

Silver : Silver may retrace down till 35615-35500 levels.....we can expect bounce back from these levels....If broken 36660 on daily/weekly closing basis then TGT 38290-38246 and  long term TGT near 48000-50000 is possible....

Above 35500 levels....Keep buy on dips view in Silver.....

Aluminium : Keep long positions....buy on dips for TGT near 129+

Lead : Keep long positions....buy on dips for TGT near 128.50+

Zinc: Keep long positions....buy on dips for TGT 143-145

Nickel : Keep long positions above 980 .....buy on dips for TGT 1140-1147

Copper : Above 409 keep long view ...buy on dips and expect breakout on daily closing basis above 416 for TGT 424+

Crude: Buy near 4650-4680 .....buy on dips for much higher TGTs

NG : Buy between 252-254...or above 254 keep buy on dips view for TGT near 301.....Keep long positions with SL below 250