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Daily Report 05.01
Daily Report 05.01
40 AM
GOLD
COMMOTRENDZ GOLD VIEW 4 THE DAY >>> GOLD MELTED YESTERDAY ON SPECULATION
THAT CHINA WILL RAISE RESERVE RATIO TO CONTROL INFLATION, AS SUCH ALL
COMMODITY CORRECTED. DOLLAR INDEX ALSO GAINED HENCE GAVE PRESSURE TO GOLD
N OTHER COMMODITIES TO CORRECT. NOW IMP SUP STANDS AT 1367. ANY BRAKE N
CLOSE BLW THIS LVL WILL BE TREND CHANGER FOR GOLD 4 NOW. UPSIDE STRONG RES
1402 LVL. TO GO UP GOLD NEED TO BREAK THIS LVL. ELSE VIEW WILL BE SELL ON RALLY.
SELLING IS GOOD ONLY AROUND RES LVL AS IT WILL BE SAFE. MID LVL SELLING WILL BE
RISKY.
OPEN HIGH LOW CLOSE RES 1 RES 2 RES 3 P. P SUP 1 SUP 2 SUP 3
20765 20798 20423 20449 20620 20810 20990 20550 20430 20260 20060
COMMOTRENDZ SILVER VIEW 4 THE DAY >>> SILVER MELTED ALONG WITH GOLD. AS
PRICES ARE TOO HIGH N TOO MUCH. INTL STRONG RES IS AT 30.28 LVL. CAN SELL
AROUND 30.20 LVL WITH SL JUST ABV 30.34. AS MID RANGE TRDING IS RISKY 4 ENTRY.
VIEW RITE NOW SELL TILL ABV LVL BROKEN 4 NOW.
OPEN HIGH LOW CLOSE RES 1 RES 2 RES 3 P. P SUP 1 SUP 2 SUP 3
46494 46494 44850 45066 45780 46640 47300 45450 44958 44130 43333
COMMOTRENDZ ENERGY VIEW 4 THE DAY >>> CRUDE ALSO BEEN BUMPED OFF IN MCX,
FIRST VICTIM OF HEAT. TODAY INVENTORY EXPECTED TO BE MIXED TO WEAK. STRONG
SUP SEEN AT 4000 LVL. RISKY TRADER CAN ENTER IN DIP WITH SMALL SL FOR TRADE.
NAT GAS VIEW 4 THE DAY >>> NAT GAS BULLISH BUT NEED TO BUY IN DIP. WE CAN SEE
SOME DIP TODAY IN THIS COUNTER.
OPEN HIGH LOW CLOSE RES 1 RES 2 RES 3 P. P SUP 1 SUP 2 SUP 3
4132 4154 4017 4041 4096 4160 4234 4068 4029 3972 3892
209.00 213.10 207.60 210.60 211.85 214.60 217.30 210.45 209.10 206.35 203.60
COMMOTENDZ BASE METAL VIEW 4 THE DAY >>> WILL BE RELEASE LATER…..