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Saturday, September 3, 2011

Crude Oil and Copper Weekly Technical and fundamental Report 5th sep To 10th 2011

Crude  MARKET OVERVIEW
NYMEX Crude is in consolidation phase. Last week Crude Oil was not able to sustain on higher levels. For the coming week 75$ and 70 $ will act as major supports and 95$ and 101.50$ a barrel will be a major resistance in NYMEX Crude. In MCX Crude Oil major resistance is found at 4250 and 4380 and major supports will be 3750 and 3550.
STRATEGY
For the next week traders can use buy on lower level strategy, if NYMEX Crude sustains above the level of 82.80 $ a barrel then can slightly come up and touch the level of 88.90/91 $ a barrel and in MCX if Crude sustains above 3800 then above 4065 it can test the level of 4130/4190 in this week. Trade by keeping the proper stop loss.
Copper MARKET OVERVIEW
Copper is in a consolidation phase and traders should use the strategy of buy on lower levels. Last week COMEX Copper was consolidating for most part of the week. If next week COMEX Copper sustains above the level of 402 then above the level of 413.6 Copper can test the level of 419/424. In MCX Copper sustains above 412 then it can test the level of 425/428 if it does not break the level of 409.50 on the downside.
Copper STRATEGY

For the upcoming week 436 and 445 will act as major resistance and 385 and 370 will act as major supports in COMEX Copper. For MCX Copper major resistance would be 430 and 440 and supports would be found at 400 and 385.



MCX Bullion Weekly Technical Report/Strategy 5th Sep to 10th Sep 2011

Gold MARKET OVERVIEW
COMEX Gold is in an upward phase. Last week COMEX Gold was consolidating for most part of the week and on last day it come up and closes near to its week high. In the coming week 1750$ will act as a major support in COMEX Gold. If COMEX Gold sustains above 1800$ an ounce then above 1900$ an ounce it can touch the level of 1930/1960$ an ounce and if COMEX Gold sustains below 1750$ then it can go slightly down and test the level of 1730/1705$ an ounce
STRATEGY
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1800 $ an ounce, then above 1900$ it can test the level of 1930/1960$ an ounce and above 1965$ it can further move upward. And in MCX Gold above 28300 it can test the level of 28550/28750/28900.Trade by keeping the strict stop losses. Major support for COMEX Gold in the coming week is 1750$ and 1680$.
Major resistance for COMEX Gold in the coming week is 1950$ and 1995$
Major support in MCX Gold is 26500 and 25200
Major resistance in MCX Gold is 28500 and 28900

Silver MARKET OVERVIEW

COMEX Silver is in an upward consolidation phase. Last week COMEX Silver closed near to its week high. For the upcoming week 4000 $ and 3850$ are the crucial supports and 4450$ and 4550$ are crucial resistance in COMEX Silver. In MCX Silver 68000 and 70000 will act as major resistance and 62500 and 60500 will act as major supports.
STRATEGY
Technically COMEX Silver is bullish on charts. For the next week traders can use buy on lower level strategy if Silver sustains above the level of 4000$ an ounce, then above 4360$ COMEX Silver can test the level of 4420/4490an ounce and above 4500$ it can move further upwards and test the level of 4550/4590$ an ounce. And in MCX Silver sustains above 62000 above it can test the level of 66500/67500/68500 and above 69000 it can test the level of 70500. Trade by keeping the proper stop losses.

MCX Bullion Weekly Techncal report 5 Sep To 10 Sep 2011

MCX Bullion Commodity Weekly Report Free Subscription
Note:- Here also Updated Soon .

MCX Bullion Commodity Technical Report for today 3 Sep 2011

Because of concern over U.S. economy continued to decline in crude oil. Crude oil with 2.5 percent of weakness is trading below 87 dollars a barrel. On Friday, crude oil also closed lower by 3 per cent.

The U.S. market has risen from a fall in gold Buying. With the rapid pace of 3 percent gold is trading at $ 1882. 1876 ​​dollars per ounce on Friday, gold closed at COMEX. MCX gold at 1.5 percent with strength came close to Rs 28,000.

 
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