Daily Trading Bites Commodities Report - Sep 04, 2015 : Way2Wealth-Shanghai Metals Market

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Daily Trading Bites Commodities Report - Sep 04, 2015 : Way2Wealth

Industry News 12:00:44PM Sep 06, 2015 Source:SMM

By  Paul Ploumis 04 Sep 2015  Last updated at  02:19:26 GMT

As anticipated, MCX Oct Gold prices extended the fall and broken its primary trend-line support at 26580 levels. This signifies that the near-term bearish trend remains intact and further fall can be seen towards 26243 & 26075levels.

Daily trading Bites | Commodities |

MCX Oct Gold

mcx golg 04.jpg

As anticipated, MCX Oct Gold prices extended the fall and broken its primary trend-line support at 26580 levels. This signifies that the near-term bearish trend remains intact and further fall can be seen towards 26243 & 26075levels. Hence, any rise can be utilized to create shorts at 26477 levels.

ActionEntryTargetStop
SELLAround 2647726243/2607526611

 MCX Sep Lead

mcx led 04.jpg

MCX Sep Lead futures traded higher in the first half and made a high of 115.25 levels. But failed to extend the gains and fell back into negative zone by forming a “hanging man” on daily charts. Overall view remains weak and is likely to extend the fall towards 112 & 110.70 levels.


ActionEntryTargetStop
SELLAround 963945/933977

 

 MCX Sep Lead futures traded higher in the first half and made a high of 115.25 levels. But failed to extend the gains and fell back into negative zone by forming a “hanging man” on daily charts. Overall view remains weak and is likely to extend the fall towards 112 & 110.70 levels.


Outlook & Intraday Strategy

CommodityExpiryS1S2Last Trade R1R2IntradayRecommendation
Gold05'Oct2624326075263942647726611BearishSell at R1 TGT S1 SL 26611
Silver05'Dec3483034460354003560036065BearishSell at R1 TGT S1 SL 36065
Copper30'Nov352.20349.00352.60357.00360.00BullishBuy at S1 TGT R1 SL 349
Nickel30'Sep658649661.30674.0684.00BullishBuy at S1 TGT R1 SL 649
Zinc30'Sep119.55118.30120.35121.00122.15BearishSell at R1 TGT S1 SL 112.15
Lead30'Sep112.00110.70113.25114.00115.15BearishSell at R1 TGT S1 SL 115.15
Aluminum30'Sep106.70105.55107.80108.80110.00SidewaysWait for call
Crude Oil21'Sep31073066308631893235BullishBuy at S1 TGT R1 SL 3066
Natural Gas25'Sep179.8177.2180.9184.0187.00BullishBuy at S1 TGT R1 SL 177.20

 Courtesy :Way2Wealth


WAY2WEALTH Brokers Private Ltd., CIN U67120KA2000PTC027628 - Email: research@way2wealth.com website: www.way2wealth.com No. 14, Frontline Granduer, Walton Road, Bangalore-560001 Way2wealth Research is also available on Bloomberg WTWL


Daily Trading Bites Commodities Report - Sep 04, 2015 : Way2Wealth

Industry News 12:00:44PM Sep 06, 2015 Source:SMM

By  Paul Ploumis 04 Sep 2015  Last updated at  02:19:26 GMT

As anticipated, MCX Oct Gold prices extended the fall and broken its primary trend-line support at 26580 levels. This signifies that the near-term bearish trend remains intact and further fall can be seen towards 26243 & 26075levels.

Daily trading Bites | Commodities |

MCX Oct Gold

mcx golg 04.jpg

As anticipated, MCX Oct Gold prices extended the fall and broken its primary trend-line support at 26580 levels. This signifies that the near-term bearish trend remains intact and further fall can be seen towards 26243 & 26075levels. Hence, any rise can be utilized to create shorts at 26477 levels.

ActionEntryTargetStop
SELLAround 2647726243/2607526611

 MCX Sep Lead

mcx led 04.jpg

MCX Sep Lead futures traded higher in the first half and made a high of 115.25 levels. But failed to extend the gains and fell back into negative zone by forming a “hanging man” on daily charts. Overall view remains weak and is likely to extend the fall towards 112 & 110.70 levels.


ActionEntryTargetStop
SELLAround 963945/933977

 

 MCX Sep Lead futures traded higher in the first half and made a high of 115.25 levels. But failed to extend the gains and fell back into negative zone by forming a “hanging man” on daily charts. Overall view remains weak and is likely to extend the fall towards 112 & 110.70 levels.


Outlook & Intraday Strategy

CommodityExpiryS1S2Last Trade R1R2IntradayRecommendation
Gold05'Oct2624326075263942647726611BearishSell at R1 TGT S1 SL 26611
Silver05'Dec3483034460354003560036065BearishSell at R1 TGT S1 SL 36065
Copper30'Nov352.20349.00352.60357.00360.00BullishBuy at S1 TGT R1 SL 349
Nickel30'Sep658649661.30674.0684.00BullishBuy at S1 TGT R1 SL 649
Zinc30'Sep119.55118.30120.35121.00122.15BearishSell at R1 TGT S1 SL 112.15
Lead30'Sep112.00110.70113.25114.00115.15BearishSell at R1 TGT S1 SL 115.15
Aluminum30'Sep106.70105.55107.80108.80110.00SidewaysWait for call
Crude Oil21'Sep31073066308631893235BullishBuy at S1 TGT R1 SL 3066
Natural Gas25'Sep179.8177.2180.9184.0187.00BullishBuy at S1 TGT R1 SL 177.20

 Courtesy :Way2Wealth


WAY2WEALTH Brokers Private Ltd., CIN U67120KA2000PTC027628 - Email: research@way2wealth.com website: www.way2wealth.com No. 14, Frontline Granduer, Walton Road, Bangalore-560001 Way2wealth Research is also available on Bloomberg WTWL