Showing posts with label Commodity Market Overview for the Week. Show all posts
Showing posts with label Commodity Market Overview for the Week. Show all posts
Commodity Market Forecast for Coming Week (18th – 22nd July ’11)
For the next week in commodities nickel can be bullish. As we saw last week nickel was the only metal sustaining at higher levels so for the next week in nickel one should go for buy on lower level strategy if it sustains above 1085 then above 1092 it can touch the level of 1112.
In agri commodities jeera can be bullish. Jeera is forming reverse h&s pattern on charts jeera so one should go for buy on lower level strategy if it sustains above 14450 then above the level 14550 it can touch the level of 14850.
Commodity Market Forecast for the Week (4th – 8th July ’11)
Copper:
For the next week in bullion commodities copper can be bullish above the level of 430, as we saw last week when other base metals were bearish copper was not sustaining at lower levels. So for the next week we would recommend traders to take long position in copper above the level of 430 for the target of 435 if it sustains above the level of 426.
Pepper:
For the next week in agri commodities pepper can be bearish below the level of 26800. As we saw last week pepper is in a continous downtrend and prices are not able to sustain at higher levels. So for the next week if pepper sustains below 27100 then below 26800 it can touch the level of 26300.
Commodity Market Forecast for the Coming Week (27th June - 1st July '11)
The commodity which we recommend for the next week are GOLD and SILVER.
Gold is looking technically weak on charts. So i would suggest traders to go for sell on higher level strategy if gold sustains below 22400 then it can test the level of 21900. And the next commodity which i recommend is silver. I would suggest traders to go for sell on higher level strategy if silver sustains below 53000 then above 51500 it can test the level of 49500.
Commodity Markets Forecast for the Coming Week (13th – 17th June ’11)
MCX Commodity:
Nickel
In MCX Commodities Nickel could be bullish, as we saw, last week nickel was consolidating around lower levels. So, in the coming week we could expect some short covering in it around lower levels. So, for the next week in nickel one should go for buy on lower levels strategy. If it sustains above the level of 1035 then above the level of 1041 it could reach around the level of 1058.
NCDEX commodity:
Soybean
In NCDEX Agri Soyabean could be bearish. Last week it was not sustaining at higher levels. So, for the coming week in soybean, one should go for sell on higher levels strategy. If it sustains below the level of 2340 then below the level of 2325 it could reach around the level of 2300.
Commodity Market Overview for the Week (30th May – 3rd June ’11)
CRUDE OIL:
For the next week in bullion commodities crude oil can be bullish above the level of 4625, as we saw last week NYMEX crude oil was not able to sustain at lower levels. If next week NYMEX crude oil sustains above $100.50 then above $101.90 it can touch the level of 103. In MCX crude oil i would recommend traders to take long position above 4625 for the target of 4675 if it sustains above 4570.
JEERA:
For the next week in Agri commodities jeera can be bullish above the level of 14800. After a continuous downtrend in jeera we can expect some short covering coming at lower levels next week. So for the next week if jeera sustains above 14650 then above 14800 it can touch the level of 15100.
Commodity Market Update for the Week (23rd – 28th May ’11)
Commodity which I picked for the next week is Gold. Gold is in consolidation phase so traders should use the strategy of buying on lower levels If MCX Gold above the level of 22225 it can test the level of 22315 if it does not break the level of 22000 on the downside. The next commodity which I picked is silver, silver is also in a consolidation phase So traders can use the strategy of buying on lower level if silver sustains above the level of 54300 then it can test the level of 54500.
Commodity Market Forecast for the Week (16th – 20th May ’11)
Zinc could be bullish. As we saw last week, zinc was in uptrend. For the next week, if it sustains above the level of 98.45 then above the level of 99.05 it could reach around the level of 100.65. So, in zinc one should go for buy on lower level strategy.
In Agri Chana could be bullish. Last week also Chana showed an uptrend. For the next week if it sustains above the level of 2465 then above the level of 2477 it could reach around the level of 2520. So, also in Chana one should go for buy on lower level strategy.
In Agri Chana could be bullish. Last week also Chana showed an uptrend. For the next week if it sustains above the level of 2465 then above the level of 2477 it could reach around the level of 2520. So, also in Chana one should go for buy on lower level strategy.
Commodity Market Forcast for the Week (9th - 13th May '11)
For the next week in commodities copper can be bullish. As we saw last week copper was in continuous downtrend so for the coming week we can see some short covering. For the next week in copper one should go for buy on lower level strategy if it sustains above 403 then above 406 it can touch the level of 412.
In agri commodities pepper can be bullish. As we saw last week pepper was sustaining at higher levels. So for the next week in pepper one should go for buy on lower level strategy if it sustains above 28750 then above the level 28900 it can touch the level of 29400.
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