COMMODITY CALLS FOR 23.01.2014

GOLD

Positional Suggestions:

Gold is trading in the same range. We maintain our sideways view and suggest to avoid any open positions till it closes above 29550 or below 28720.

Intraday Suggestions:

Buy above 29208 Target 29260,29285,29310  SL  29150
Sell below 29120 Target 29060,28990  SL  29150

SILVER

Positional Suggestions:

Silver is trading exactly trading as per our prediction and giving profit on our sell call. Our intraday Sell target is the low of the day. There is a small support at 44140. We manitain our sell call for the target of 43600.

Intraday Suggestions:

Sell below 44330 Target 44200,44150  SL  44480
Buy above 44480 Target  44600, 44720 SL 44330

CRUDEOIL

Positional Suggestions:

Crudeoil  is trading as per our bullish prediction and  moving towards 6170 and 6270.  This will continue till it trades above 5910. So we advise not sell but to buy on dips with closing sl at 5910 for the target of  6170 and 6270.

Intraday Suggestions:

Buy above 6025 Target 6063,6105 SL  6001
Sell below 5980 Target 5940,5920 Sl 6001

NATURAL GAS

Positional Suggestions:

Natural gas is in clear bullish mode and we can expect it to travel 320.  This trend will continue till  it trades above 280.  We suggest by on dips with closing sl at 277.5

Intraday Suggestions:

Buy above 290.5 Target 294.2,297.8 SL 289.30

Sell below 280 Target 277.5,274.5 Sl 282.5

COPPER

Positional Suggestions:

Copper is trading in range between  462 to 452. Any break below 452 will take it to  428 levels. Its medium term trend is turning towards negative we suggest not to buy at this point but to wait and sell near  460 with closing sl at 463 and wait for better targets.

Intraday suggestions:

Buy above 462.2 Target  466.8,468.5 Sl  457.7

Sell below 456 Target  453.2,449.8 Sl 457.7

NICKEL

Positional Suggestions:

Nickel is trading with bullish mode and we believe that it needs to break and close 915 with good volume. We expect some profit booking and  to touch 885. Sell with the closing sl at 915 for the target of  885 and wait for better lows like 860.

Intraday Suggestions:

Sell below 912 Target  905.8,899.2 SL  915

Buy above 915 Target  919.8,922.5 SL 912

Note : Please  strictly  maintain  SL.