GOLD
Positional Suggestions:
Gold traded in expected range and able to close above 29500. Our sell call near 29500 and sl of 29620 got triggered. If it able to trade above 29175then we can expect this upmove will continue till 30300. We suggest buy on dips with closing sl at 29175.
Intraday Suggestions:
Buy above 29550 Target 29615,29640 SL 29515
Sell below 29390 Target 29315,29260 SL 29435
SILVER
Positional Suggestions:
Silver has traded exactly as per our expected range and given good profit on our sell call. Sell traders can book partial profit at this point and keep trailing Stops at cost and wait better targets like 44200 and 43600.
On the other hand if it able to trade above 45800 then we can expect a good upmove upto 46800. So sell traders should maintain still sl.
Intraday Suggestions:
Buy above 45190 Target 45260,45340 SL 45010
Sell below 44650 Target 44420,44140 SL 44780
CRUDEOIL
Positional Suggestions:
Crudeoil is trading in exactly verymuch in line of our expectation and giving good profit on our buy call. We maintain our view that it will face small resisitance at 6170 and some profitbooking will put it to 6005 again. We suggest to book profit near 6150 and wait for further clear directions.
Intraday Suggestions:
Buy above 6135 Target 6165,6195 SL 6108
Sell below 6108 Target 6080,6060 SL 6135
NATURAL GAS
Natural gas has given good profit of our buy call and our sell call has triggered. We strongly believe that this upmove will come to an end between 320 to 325. Sell traders can keep their positions and wait for the target of 288 and 270.
Intraday Suggestions:
Buy above 320.5 Target 323.8, 324.8 SL 318.2
Sell below 311.5 Target 308.2,301.5 SL 313.5
COPPER
Positional suggestions
Copper is trading in the same range. We maintain our sell call with the closing sl at 460 for the target of 441 and 428.5
Intraday Suggestions
Buy above 454.5 Target 457.85, 459.20 SL 451.9
Sell below 451.90 Target 447.85, 445.85 SL 454.5
NICKEL
Posistional Suggestions:
Nickel is finding difficult to break the near term resistance of 915. At the same time it is not falling in the expected speed. So sell traders should keep tight closing sl at 915 and wait for better targets.
Intraday Suggestions:
Buy above 915 Target 919.2,922.5 SL 912.5
Sell below 908.5 Target 903.2, 896.8 SL 912.5