COMMODITY CALLS FOR THE DAY 24.01.2014

GOLD

Positional Suggestions:

Gold is trading in the same expected range but able to have good come back and have a highest close in recent trading sessions. We still believe that it has to trade and close above 29550 and 29620 to confirm directions. Aggressive  positional traders  can sell near 29500 with Double  SL at 29620 for the target of  29120 and 28850.

Intraday Suggestions:

Buy above 29380 Target 29460,29520 SL 29350
Sell Below 29350 Target 29285,29242 SL 29380

SILVER

Positional suggestions:

Silver traded in expected direction but able to make smart recovery from the said small support level of  44140 which is against our expectation. We can expect that this will trade only in the range of  45800 to 43600. Aggressive traders can buy sell near 45500 with SL  at 45800 and wait for better targets.

Intraday Suggestions:

Buy above 45200 Target  45420,45520 SL 45000
Sell below 44880 Target  44740,44680 SL 45000

CRUDEOIL

Positional Suggestions:
Crudeoil is trading very much in line of our prediction and moving towards our target of 6170 and 6270. We can expect some profitbooking  at these levels. Long traders can book profit at 6170 and wait for better highs to sell.

Intraday Suggestions:

Buy above 6112  Target  6142,6160 SL 6094
Sell below 6094 Target  6055,6030 SL 6112

NATURAL GAS:

Positional Suggestions:
Natural Gas is trading exactly as per our prediction and given reasonable profits for our buy call. This trend may get reversed any moment between  315 to  320. Long traders should book profit and use trailing stops at 300. Agressive traders can wait and sell near 311 with closing Sl at 320 and wait for better targets.

Intraday Suggestions:

Buy above 306.2 Target 309.4,311.8 SL 304.2
Sell Below 291 Target  287.2,285.8 SL 294.2

COPPER

Positional Suggestions:

Copper has broken its near term support of 452 able to close little above 452.  But we believe if  it not breaking 460 with good volume then it  will godown to 440.5 and 428.Sell at every high with Closing sl at 460.

Intraday suggestions:

Buy above 454.65  Target  457.85,459.2 SL  451.90
Sell below  451.90  Target  447.85,445.85 Sl 454.95

NICKEL

Positional Suggestions:

Nickel is trading exactly as per our prediction and facing stiff resistance 915.  Sell traders can hold their short with closing sl at 915 for the target of  882 and 860.

Intraday Suggestions:

Buy above 908.5 Target 911.5,914.5 SL  905.3
Sell below  905.3 Target  901.2,896.5 SL 908.5

Note: Please be Strict on Stop Loss.