SILVER COMEX and SILVER MCX Trading Near to SUPPORT

SILVER MCX (2-April-2013) on daily charts seems to be trading near to Strong support zone 51300-51100, As SILVER today has a faced major Correction, Some Relief Rally is likely and Risk and Reward Ration on initiating a Long Position at current Levels will be favorable.

From Current Levels (51350) we recommend to Initiate a long position on SILVER MCX with stoploss as 50800 on Closing Basis.

SILVER COMEX is Also Trading Near to channel support around 27.20 - 27.25$ and there can be some relief rally in coming days for short term. Immediate Resistance is around 28.20$ and Risk Reward Ratio on while initiating a Long position is always high near to supports.

From Current Levels 27.22$ we Recommend to initiate a Fresh long position.
If Breaks 27$ on closing Basis then SILVER COMEX may head towards lower support levels around 26- 25.90 $

COPPER & LEAD COMEX FRESH BREAK DOWN

COPPER COMEX BREAKDOWN WEEKLY CHARTS

COPPER COMEX (27-March-2013) recently on weekly charts gave a breakdown of a classical symmetrical Triangle Pattern and Next Support is @3.20 $ Selling Opportunity Lies at current Levels. Major Profit Booking has been Seen in Commodities including Precious Metals and Base Metals.

Now Trading Near to levels around 3.4200 $. Here the Breakout on the weekly charts we suggest one can Initiate a Short Position on Copper MCX also following the Levels at COPPER COMEX. 

LEAD COMEX BREAKDOWN ON DAILY CHARTS

Fresh Breakout on The Charts of LEAD COMEX. Broke a Strong Trend line support Levels on Daily Charts. Next Support @1920 $ One Can Initiate a Short Position and Any bounce back towards higher level will be a selling opportunity.

Now Trading Near to Levels around 2115$ and further correction can can take LEAD COMEX around next Support @1920$. Based on the Breakdown on Daily charts Trend line support we suggest to Initiate Short Position at current levels and any any bounce back at higher levels will be a opportunity to take a short position. 

SILVER MCX AND COMEX

HOURLY CHARTS OF SILVER MCX AND SILVER COMEX

SILVER MCX may face stiff resistance around 55300- 55400 levels. One can Initiate a short position around these levels.

SILVER COMEX may Face stiff Resistance around 29.50$- 29.45$ Levels. One can Initiate a short position around these levels.

GOLD MCX

GOLD MCX May face Stiff Resistance Around 29950- 29970. Sell Around 29950 with SL 30050
If GOLD MCX Closes Above 29970 it May head Towards 30400.

Silver COMEX

Hourly Chart Of Silver at COMEX

Silver COMEX can bounce Back from Current Levels Keep SL @28.50$ and Stay Long.

Reverse Position if Breaks 28.50$ levels and Sustain below these levels. Initiate Short Position if Silver Comex Trades Below 28.50$ Levels.