COMMODITES CALLS FOR 20.02.2014

GOLD

Positional Suggestions:

Gold is giving good profits for Long traders and will cointinue to be in the bullish mode till it trades above 29550 on the medium term that is for another two three weeks. There may be some intraday declines please avoid Positional Sell trades till it trades above 29550. Buy on dips with closing sl at 29550 for the target of  30480 and 30900  (  Holding period  3 Weeks)

Intraday Suggestions

Buy above 30035 Target 30095,30130 SL 29975

Sell below  29975 Target 29915,29840  SL 30035

SILVER

Positional Suggestions

Silver also giving good profit for long traders and  will go up to  49150. But this will happen only if it trades above 47400. Any decline below 47300 will put it to 46700 and 45700. Positional  Long Traders  should keep tight SL at 47400 for their existing positions.  Buy on dips with tight closing SL at 47400 for the target of  49150.

Intraday Suggestions:

Buy above 47900 Targert 48050,48180 SL 47750

Sell below 47750 Target 47540, 47400 SL 47900

CRUDEOIL

Positional Suggestions:

Crude oil will trade in bullish mode and we can expect it to continue till 6480 and 6535.  It is having good support at 6270.  Buy on disps with closing sl at 6270.

Intraday Suggestions:

Buy above 6418  Target 6470,6490 SL 6385

Sell below  6385 Target 6345,6320 SL 6418

NATURAL GAS

Positional Suggestions:

Natural gas is travelling in a rocket and has become darling for long traders and nightmare for sell traders. But  long traders should understand  that a ball thrown on air will not be on the sky for ever.  We believe that it  will face good resistance at  400-420 levels.  We may expect it to come down till  311 and 290 from these levels. Long traders should keep strict sl at 360 levels. Agressive traders can sell near 405 with closing sl at 420 and wait for good profits.


Intraday Suggestions:

Buy above 381.5 Target 385.5, 391.5  SL 379.2

Sell below 379.20  Target 374.4,370.5 SL 381.5

NICKEL

Positional Suggestions

Nickel is trading in range market and yet to find its trend. It has to break 915 with good volume for any further upmove. Othewise we can expect it touch  860 again. Agressive traders can Sell near 910 with closing sl at 915 for the target of 890 and 860.

Intraday Suggesstions:

Buy above 904 Target  909.8,912.8  SL 899.5

Sell below 899.5 Target  892.8,889.5 SL 904

COPPER

Positonal Suggstions

Copper has given profit for our buy calls and reached our Target 452.  We beieve that it will trade in the range between  440 to 460 for another two weeks.  Positional traders  can sell near 455 with closing sl at 460 or buy near 442 with closing sl at 438.

Intraday Suggestions:

Buy above 453.5 Target  456.4,458.1 SL 451.5

Sell Below 450.2 Target  447.4,445.2 SL 451.5


Note: Please be strict on SL