DAILY COMMODITY TECHNICAL TRACKER

January 06,2012 Bullions, Metals& Energy

Commentary Gold is trading now above 7 and 21 SDMAs . If gold sustains above I then we may expext upawrd move upto the level of 28000 where it may face resistance if get suceed in breaking it may go again to the levels of 28700-28900.But it has also resistance of fibbonaci 50% retracement at the level of 28000. So It is more likely to get correct arround level of 28000. TECHNICALS FOR THE DAY MCX EXCHANGE COMMODITY GOLD CONTRACT FEB RSI MACD ST VOL OI $ # # # $ 49.27 N 64060 12342 S3 27281
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Commentary Silver is trading below 7 & 21 SDMAs for last two weeks and also made a double bottom formation recently at the level arround 48500 which is sign of positive reversal and can go upto the level of 55000 in near term .In recent week it is trading in the range of fibbonaci retracements of 50% and 38.2% that is rate level between 51900 to 52850. TECHNICALS FOR THE DAY EXCHANGE MCX COMMODITY SIVER CONTRACT MAR RSI MACD ST VOL OI $ # # $ # 47 N 91538 15718 S3 50944 S2 51403 S1 52071 R1 53198 R2 53657

TREND #

TREND #

S2 27410

S1 27616

R1 27951

R2 28080

R3 28286

R3 54325

research@rmoneyindia.com, shailendra.vashistha@rmoneyindia.com, naresh.sharma@rmoneyindia.com,akhilesh.upadhayay@rmoneyindia.com

DAILY COMMODITY TECHNICAL TRACKER

January 06,2012 Bullions, Metals& Energy

Commentary
Crude was in overall uptrend which is cleared by upward trendline channel .Recently it has crossed its double topformation hurdle. As supply concerns from Iran it is expected to go more upside. It may face some resistance at the level of 5500 and two days Doji formation is showing some signs of reversal . On can trade sell arround 5500 for a correction of 100-150 points and can again buy arround 5250-30 for a upmove again.

Commentary Copper is initially up trend , but it is trying to form double top formation and is expected to correct at the levels of 415 and above. It is also forming triangle which is a sign of uncertinity.So strategy can be sell on rise with strict stoploss of 412-15 for a correction up to the levels of 395-390. TECHNICALS FOR THE DAY EXCHANGE MCX COMMODITY COPPER CONTRACT FEB RSI MACD ST VOL OI $ $ $ # $ 50.47 P 179759 27115 S3 390 S2 394 S1 398 R1 407 R2 411

TECHNICALS FOR THE DAY EXCHANGE MCX COMMODITY CRUDE CONTRACT JAN RSI MACD ST VOL OI $ # # $ $ 64.8 P 203697 30619 S3 5345
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TREND $1

TREND $2

S2 5374

S1 5408

R1 5471

R2 5500

R3 5534

R3 415

research@rmoneyindia.com, shailendra.vashistha@rmoneyindia.com, naresh.sharma@rmoneyindia.com,akhilesh.upadhayay@rmoneyindia.com

Prep. By: Shailendra Vashishth shailendra.vashistha@rmoneyindia.com

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