MCX Trading calls 23 april

Free trading calls provided By CommodityView yahoo group

Mcx trading calls

1. Gold

Buy Gold -june @ 9450-9470 , Target - 9541,9563 , stoploss - 9445

2.Crude oil

Buy Crude may @ 2670-2688 , Target-2715, 2732 ,Stop loss- 2667

3.Natural Gas

buy n.gas May @ 304- 309 , Tgt - 313, 315.5 , Stop loss- 302.7


Cheers ..................

Keep checking the blog for more updates on daily basis .

Iran tussle cooling

Crude has fallen 3 % as there are talks between Uk and Iran over the issue ,

So watch out , the iran premium is around $5-6 dollars

if sailors are released unharmed ,then crude can slip to $62 ......

Be over cautious in trading Crude .


Cheers

Crude updates 2 april

Nymex crude -may 2007 - $65.96

Trading range for near term (next 5-7 days) - $ 61-68 .

Crude is posied to test $78 , once summer sets in ...........

As of now , trends look bullish .

the risk : if opec increases output , crude may fall ,still the demand will be good going ahead .

Cheers
Srinivasan

Gold

Gold trading range for next 7 days

Gold - $663 - cmp

Trading range - $ 648-672

very narrow trading range is expected

Factors to watch out for :

1. Iran issue

2. Dollar weakness

3. global stock market meltdown

So, better watch these factors carefully

cheers

Srinivasan

MCX trading calls from april 17,2007 ( after tamil new year )

Gold - Trading Range

Gold :

Gold is expected to be rangebound

Trading Range (next 7 days ) - $630-662

More calls specific to MCX will be given shortly .

Cheers

gold - all supports broken

Gold

The huge sell off in Gold has surprised all , it is expected to bounce back to 652 levels this week, if sustained , can see 672 in short term

its expected to have a mild bounce back on monday .

Trading range - $625-652 for next 5 days

Cheers

Gold bearish trends

Gold - updates

Cmp- $658.4

support @ $ 656 , if broken , can fall to $648 in short term

cheers
Srinivasan

Gold

GOLD

Its struck in narrow range , after rising to $689

Trading range for next 3 days is seen at $656-680 .

Gold closely follows crude price now ,,,,,,,,,,,,

Cheers