COMMODITY MARKET TRENDS FOR TODAY 17-JUNE 2013
COMMODITY MARKET TRENDS FOR TODAY 17-JUN
GOLD (5 AUG.) TREND: CONSOLIDATE
RES 1: 28000
RES 2: 28200
SUPP 1: 27700
SUPP 2: 27575
STRATEGY: BUY ON DIPS
SILVER (5 JULY) TREND: CONSOLIDATE
RES 1:44500
RES 2:45000
SUPP 1:43000
SUPP 2:42700
STRATEGY : BUY ON DIPS
COPPER (28 JUNE) TREND: BEARISH
RES 1: 410
RES 2: 414
SUPP 1: 405
SUPP 2: 400
STRATEGY: SELL ON HIGHS
CRUDEOIL (19 JUNE) TREND: BULLISH
RES 1: 5700
RES 2: 5740
SUPP 1: 5630
SUPP 2: 5600
STRATEGY: BUY ON DIPS
LEAD (28 JUNE) TREND: BEARISH
RES 1: 123.90,
RES 2: 125.00,
SUPP 1:120.40,
SUPP 2: 118.00,
STRATEGY: SELL ON HIGHS
ZINC (28 JUNE) TREND: BEARISH
RES 1: 108.20,
RES 2: 110.30,
SUPP 1: 105.10,
SUPP 2: 103.40,
STRATEGY: SELL ON HIGHS
ALUMINUM (28 JUNE) TREND: BEARISH
RES 1: 108.00,
RES 2: 109.40,
SUPP 1: 102.40,
SUPP 2: 100.70,
STRATEGY: SELL ON HIGHS
NICKEL (28 JUNE) TREND: BEARISH
RES 1: 838.90,
RES 2: 855.00,
SUPP 1: 817.10,
SUPP 2: 787.70,
STRATEGY: SELL ON HIGHS
RES 1: 28000
RES 2: 28200
SUPP 1: 27700
SUPP 2: 27575
STRATEGY: BUY ON DIPS
SILVER (5 JULY) TREND: CONSOLIDATE
RES 1:44500
RES 2:45000
SUPP 1:43000
SUPP 2:42700
STRATEGY : BUY ON DIPS
COPPER (28 JUNE) TREND: BEARISH
RES 1: 410
RES 2: 414
SUPP 1: 405
SUPP 2: 400
STRATEGY: SELL ON HIGHS
CRUDEOIL (19 JUNE) TREND: BULLISH
RES 1: 5700
RES 2: 5740
SUPP 1: 5630
SUPP 2: 5600
STRATEGY: BUY ON DIPS
LEAD (28 JUNE) TREND: BEARISH
RES 1: 123.90,
RES 2: 125.00,
SUPP 1:120.40,
SUPP 2: 118.00,
STRATEGY: SELL ON HIGHS
ZINC (28 JUNE) TREND: BEARISH
RES 1: 108.20,
RES 2: 110.30,
SUPP 1: 105.10,
SUPP 2: 103.40,
STRATEGY: SELL ON HIGHS
ALUMINUM (28 JUNE) TREND: BEARISH
RES 1: 108.00,
RES 2: 109.40,
SUPP 1: 102.40,
SUPP 2: 100.70,
STRATEGY: SELL ON HIGHS
NICKEL (28 JUNE) TREND: BEARISH
RES 1: 838.90,
RES 2: 855.00,
SUPP 1: 817.10,
SUPP 2: 787.70,
STRATEGY: SELL ON HIGHS
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Domestic benchmark indices opened flat today taking cues from weak Asian equity markets and US equities overnight. Nifty IT, Nifty Auto and Nifty FMCG were the only sectoral indices trading in green.
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