Thursday, February 16, 2017

Commodity Market out look for 16th Feb.

Gold (April)
Up
29143
Momentum looks correction till price are trading below 29250 with consider support 28900.    Trend Reversal 28475
Silver (March)
Up
42651
Trends looks positive as long as holding above 42000-42200 range .  Trend Reversal 40964. – T
Crude(March)
Up
3596
Momentum looks sideways with consider support 3500-3525 range.
Trend reversal 3475
Copper(Feb)
Up
404
Trend looks positive till holding above 399, while up side may test 410-415 range -   Tend Reversal  386.
Natural Gas(Feb)
Down
196.60
Near to support level of 200 DMA.  HOlding above 194 likely some pull back  - Trend Reversal 215.60
Aluminum(FEB)
Up
127.35
Trend is positive as remain above 122. Trend Reversal 122.10
Lead (FEB)
Up
155
As long as hold 151.50  buy on dip strategy. Trend Reversal 151.50
Zinc (FEB)
Up
191.60
Bullish trend with consider support 184.50 – till that buy on dip strategy, crossover 199, read for big move.  Trend Reversal 184.
Nickel (FEB)
Side
Way
728
Momentum remains positive till prices are trading above 710 while up side cap 730, thereafter …. Trend Reversal 676


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