Friday, June 4, 2010

COMMODITY CALLS ON JUNE 03, 2010 (THURSDAY)

" Failures are divided into two classes - those who thought and never did, and those who did and never thought"    

1. (MONTHLY TREND) - MCX SILVER JULY - LAST FOUR MONTHS IT HAS NOT BREACHED LOWS OF LAST MONTH FEB(23610)MAR(25420)APR(26806)MAY(26855) SO SUPPORTS FOR THIS MONTH WILL BE IN THE RANGE OF 28200-28500. FACING RESISTANCE IN THE RANGE OF 29750 - 29850. CLOSING ABOVE THIS FOR TWO DAYS WOULD TAKE SILVER TO NEW HIGHS. MONTHLY TREND IS BULLISH.
2. (MONTHLY TREND) - MCX COPPER - VERY STRONG RESISTANCE IS AT ROUND 324 - 325. SUPPORTS ARE NEAR 310 LEVEL BUT CLOSING BELOW THIS WILL COULD TAKE

3. (MONTHLY TREND) MCX CRUDE OIL - LAST 7 MONTHS THIS COMMODITY IS FACING STRONG SELLING FROM AROUND 3750 LEVEL. OUR ANALYSIS IS, IN COMING MONTHS ALSO PRICES
4. (INTRADAY TREND)MCX GOLD AUGUST -AROUND 18480 - 18500 LEVELS ARE IMPORTANT SUPPORT. PRICES BELOW THIS COULD TAKE IT TO 18200. TREND BEARISH BELOW 18480
5. MCX NICKEL JUNE - BUY AT CMP - 945. STOPLOSS 936. TARGET 960 AND ABOVE.
6. (INTRDAY TREND) MCX CRUDE OIL - LAST FIVE DAYS IT IN RANGE OF 3400 - 3520. HOWEVER INTRADAY BIAS REMAINS NEUTRAL FOR THE MOMENT. BUYING AT 3430 IS RECOMMENDED
7. (MONTHLY TREND)MCX LEAD - TREND IS HIGHLY BEARISH FOR THIS MONTH ALSO, AS WE WERE SAYING FROM LAST TWO MONTHS. IT COULD TAKE SUPPORT
8. MCX GOLD AUGUST - SELL IN RANGE OF 18560 - 18570. STOPLOSS 18595. TARGET 18510 / 18438.
9. MCX GOLD CALL- FIRST TARGET ALMOST COMPLETED AT 18516. TARGET WAS 18510. SELL GIVEN AT 18568.
10. MCX NICKEL CALL - STOPLOSS TRIGGERED AT 336. BUY GIVEN AT 345.
11. MCX ALUMINIUM JUNE - SELL AT CMP - 92.80. WITH A STOPLOSS OF 93.30. TARGET 92.10 / 91.40.
12. MCX ALUMINIUM CALL - FIRST TARGET COMPLETED AT 92.10. SELL GIVEN AT 92.80.
13. MCX COPPER JUNE - SELL IN THE RANGE OF 312 - 313. STOPLOSS 316. TARGET 309.80 / 307.1.. CMP -311.70.
14. MCX CRUDE OIL - PLEASE BOOK FULL PROFIT IN CRUDE OIL AT 3442 AND EXIT. BUYING ON 3430 LEVEL WERE RECOMMENDED. WAIT FOR A FRESH CALL.
15. MCX COPPER JUNE - FIRST TARGET COMPLETED AT 309.80. SELL GIVEN AT 312. RANGE DIDN'T COME NOW DON'T EXECUTE.
16. MCX GOLD CALL UPDATE - TRAIL STOPLOSS IN GOLD SELL CALL AT 18533. AND WAIT FOR SECOND TARGET.
17. MCX SILVER JULY - SELL IN THE RANGE OF 29070 - 29110. STOPLOSS 29190. TARGET 28844 / 28710. CMP - 29040
18. (UPDATE) MCX COPPER CALL - BEARISH BELOW 310.50 WAS TOLD BY IN MORNING.SELL WAS ADVISABLE BELOW IT. NOW MADE A NEW LOW OF 307.35.
19. MCX ALUMINIUM JUNE - SECOND TARGET COMPLETED AT 91.40. SELL GIVEN AT 92.80.
20. MCX NICKEL JUNE - BUY IN THE RANGE OF 870 - 880. STOPLOSS 854. TARGET WILL BE INITIATED LATER. CMP - 890
21. MCX SILVER CALL - BOOK PARTIAL PROFIT AT 28980. SELL GIVEN AT 29110.
22.MCX SILVER CALL - BOOK FULL PROFIT AT 28890. SELL GIVEN AT 29220.
23. (ALERT)MCX NATURAL GAS- AS WE TOLD ON MONDAY THAT TREND IS VERY BULLISH AND IT COULD TOULD 215 LEVEL THIS WEEK. TODAY MADE A HIGH OF 214.80.
24.MCX NICKEL CALL - TARGETS ARE 888 / 901. BUY CALL ACTIVATED AT 879. CMP - 886.50


DO NOT MISS ZONE- STRONG PREDICTIONS BY INVESTMENT KING ADVISOR