Wednesday, 26 February 2014

Call Success- CRUDEOIL and GOLD COMEX

GOLD COMEX Almost Achieved Targets Click Here to Read Report

CRUDE-OIL MCX Achieved Targets Click here to Read Report

Saturday, 22 February 2014

Is GOLD COMEX Poised for Upside.....??

SHORT TERM TECHNICAL OUTLOOK:

GOLD COMEX made a double bottom pattern  on weekly Charts, found a Strong Support @1180$ and has retraced towards higher levels @1325$, Fibonacci levels of 23.6% comes out to be 1350$. After a Hefty correction from 1920$ to 1180$ which comes out to be approx. 740$ correction per ounce in last 2.5 years, Now we may see some bounce towards higher levels. Currently Trading @1310- 1315$ which is a strong weekly support zone. In August 2010 from these levels @1310 GOLD saw a strong rally towards 1920$.

Hence we Recommend buy GOLD COMEX till 1310$ (CMP: 1324) with SL of 1285$ and targets of 1350$.

More Upside Can be Seen Till 1350$

PREVIOUS WEEK DATA IMPACT ON US ECONOMY:

SLOW DOWN IN HOUSING SECTOR:
The extreme cold of January took a heavy toll on the housing sector including housing starts which plunged 16.0 percent, Which is Negative Signal for the US Economy and hence we may see Buying resuming in Precious Metals
JOBLESS CLAIMS SLIGHTLY LOWER:
Jobless claims are steady and point to intend readings for the February employment report. Initial claims for the February 15 week, which is also the sample week for the monthly employment report, edged 3,000 lower to 336,000. Which does not proves any Major improvement in US economy.







Friday, 21 February 2014

CRUDEOIL NYMEX and CRUDEOIL MCX Short Term View..!!

Technical Outlook: 

Trading in a Classical Channel Pattern, On Daily Charts There is Stiff Resistance around 103.50$. Since its a Channel top and There is Resistance on Daily Charts, (i.e. Horizontal Resistance on daily chart and Channel Patter Resistance both Coincide)  it would be feasible to take a Short Position in CRUDE OIL. Relative Strength Index looks overbought on 4 hourly charts and momentum Indicator is also Overbought. Its a confirmation for Selling. Hence We Recommend to Sell WTI CRUDE OIL till 103.50 (CMP: 102.80) keep an stop loss of 104.50 and Targets of 100 $. Risk and Reward Ratio is also favorable in taking short position.

For MCX CRUDE OIL According to International Markets We suggest Sell As after a bull run after a breakout above 6280 has seen no correction in the Rally. Hence We suggest short CRUDE OIL MCX with Stoploss of 6470 for Targets of 6320, Current Market Price 6413 (Closing of 20-Feb-2014)

If trades and Sustains above 104.50 $ Fresh buying may Resume, And Hence Stop loss of 104.50$ would be strongly recommended.


Economic Outlook:

Petroleum inventory data are little changed in the February 14 week with oil inventories up 1.0 million barrels to 362.3 million. Which Suggests Week Demand of Crude oil and Hence we may see some Correction in Prices of Crude oil.



Wednesday, 12 February 2014

SILVER Bottomed Out....?? Its Time to Buy...??

Technical View:
(FOR INVESTORS and LONG TERM TRADERS)

Comments and Strategy:

SILVER COMEX after a hefty correction from 49$, Now SILVER is trading Near to 18$ - 20$. There seems to be Strong Accumulation in Silver before a fresh Rally towards Higher Levels from here.

Before a Rally it might be Possible that we see a trap breakdown. Silver COMEX bottom seem to be there.
Even Physical buyers and Investors can bet on SILVER and buy 50% quantity. Any major Correction will be just buying opportunity, buy Rest 50% quantity on a major dip around 16$ levels

Since November 2013 SILVER is trading in a Range of 2$ and Any Breakout after Such an long consolidation is always Bigger and better.

USD-INR can Correct from these Levels @62- 63 and Rupee can Head towards 55/ dollar  in this year. Hence Keep a close watch on currency movement, Stronger Rupee may stop SILVER MCX to head towards Higher levels.


Calls Success by Profit Play

Here We are:
Calls with Good Risk and Reward Ratios, Which can mint Money, Our Main Focus is on Profits not just Accuracy. Just Have a look on our Past Predictions:

1. NATURAL GAS NYMEX (11-DEC-2014) Click here to see NG call

2. CRUDEOIL NYMEX (18-JAN-2014) Click here to See Crudeoil Call

3. GOLD COMEX (18-JAN-2014) Click here to See GOLD Comex Call