COMMODITY CALLS FOR 06.02.2014

GOLD

Positional Suggestions:

Gold has achived our target of 30400 but it is tough to catch it since it achived in spike trade. Normally spike trade near highs or resistance shows its weakness.  If it able to trade above 29900 then we can expect it to touch 30400. On other hand if it not able to break 29900 then we can expect it to godown till  29350. Positional traders can sell near  29900 with double sl at 29950 for the target of 29600 and 29350.

Intraday Suggessions:

Buy above  29800 Target  29880,28920 SL 29760
Sell below 29730   Target  29690,29640 SL 29760

SILVER

Positonal Suggestions:

Silver is trading in a range market. It has to close above 45900 or close below 42200 for clear directions. Agressive traders can buy near 44000 with Tight SL at 43600 for the target of  44800 and 45200.

Intraday Suggessions:

Buy above  44400 Target  44740,44905  SL 44100
Sell below 44100   Target  43800,43620 SL 44400

CRUDEOIL

Positional Suggestions:

Crude oil have given good profit for buy calls and facing stiff resistance at 6170.  We believe that it will come down to 5990 then take some support.  Positional traders should wait for a close above 6170 or below 5990 to get a clear direction.

Intraday Suggestions:

Buy above 6115 Target  6133,6148 SL 6093

Sell below 6043 Target  6005,5990 SL 6080

NATURAL GAS

Positional Suggestions:

Natural gas is trading in clear bullish mode and will become nightmare for sell traders. We believe that it is in last phase of upmove and we can expect a free down fall from any moment. This will comfirmed by  a close below 311.2.  Agressive positional traders can wait and sell near  340 with closing sl at 360 for the target of  293 and 260.

Intraday Suggestions:

Buy above 324.8 Target  328.5 330.5 SL  322.4
Sell below  322.4 Target  318.8,315.5 SL 324.8

NICKEL

Positional Suggestions:
Nickel has given excellent profit on our sell call at 905 and reached all our targets. Now there is good support between  830 to 860 levels.  Positional traders should wait for clear signals.

Intraday Suggestions:

Buy above 868 Target  875,879.5  SL 861.5
Sell below  861.5 Target  853.3,842.5 SL 868

COPPER

Positional Suggestions:
Copper is having good support near 438 to  440. We can expect a smart recover upto 452 and 460 from this levels. Buy near 440 with Closing sl at 436 for the target of 452 and460.

Intraday Suggestions:

Buy above 442.4 Target  444.8,447.5 SL 441
Sell below 441     Target 438.5,436.5  SL 442.4


Note:  Please be strict on SL.