Precious metal Technical Report 17 August,2015 - Emkay Commotrade-Shanghai Metals Market

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Precious metal Technical Report 17 August,2015 - Emkay Commotrade

Industry News 10:49:00AM Aug 18, 2015 Source:SMM

By  Paul Ploumis 17 Aug 2015  Last updated at  07:52:40 GMT

Trade Strategies


Commodity Trading Strategies for the day

CommodityStrategyLevelsTargetStop-Loss
Silver – SepSell35780—358503536036010


Daily Commodity Technical

Gold –Daily Chart

gold 17.jpg

Gold: Gold prices are trading with a gain of 0.66% currently. Sustenance above 25850 will see prices move higher towards 26050126140 levels. A break below 25850 will see prices correct towards 25750 levels. Selling can be seen at higher levels if prices rally towards 26100 areas. Major support for the counter is seen around 25600-25550 zones.

Silver –Daily Chart

silver 17.jpg

Silver: Silver prices witnessed a sharp fall from its highs at 36290 levels during the previous session. The intraday outlook for the counter will remain negative until prices stay below 35850 levels The correction will extend further only if prices break below 35300 levels decisively. The counter can extend the fall towards 34800 levels in that case.

Courtesy : Emkay Commotrade

Emkay Commotrade Ltd.

7th Floor, The Ruby, Senapati Bapat Marg, Dadar - West, Mumbai - 400028. 

India Tel: +91 22 66121212 Fax: +91 22 66121299


Precious metal Technical Report 17 August,2015 - Emkay Commotrade

Industry News 10:49:00AM Aug 18, 2015 Source:SMM

By  Paul Ploumis 17 Aug 2015  Last updated at  07:52:40 GMT

Trade Strategies


Commodity Trading Strategies for the day

CommodityStrategyLevelsTargetStop-Loss
Silver – SepSell35780—358503536036010


Daily Commodity Technical

Gold –Daily Chart

gold 17.jpg

Gold: Gold prices are trading with a gain of 0.66% currently. Sustenance above 25850 will see prices move higher towards 26050126140 levels. A break below 25850 will see prices correct towards 25750 levels. Selling can be seen at higher levels if prices rally towards 26100 areas. Major support for the counter is seen around 25600-25550 zones.

Silver –Daily Chart

silver 17.jpg

Silver: Silver prices witnessed a sharp fall from its highs at 36290 levels during the previous session. The intraday outlook for the counter will remain negative until prices stay below 35850 levels The correction will extend further only if prices break below 35300 levels decisively. The counter can extend the fall towards 34800 levels in that case.

Courtesy : Emkay Commotrade

Emkay Commotrade Ltd.

7th Floor, The Ruby, Senapati Bapat Marg, Dadar - West, Mumbai - 400028. 

India Tel: +91 22 66121212 Fax: +91 22 66121299