Tuesday, August 4, 2009

Market view for 4th Aug

As mentioned base metals are going very strong. Everyday they are making new highs. Any dip in them can be used to go long.


Crude is also looking positive. 3491 seems to be next target in it.


Gold is not showing as good strength as Silver. There is an important level and a close above that would make GOLD strong for longs. Silver looks good for longs..


Natural Gas inspite of being negative has risen with a strong momemtum and volume. Trend is still not clear so we would avoid until it breaks out clearly.

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4 comments:

  1. UnknownAugust 4, 2009 at 10:42 AM

    Copper sold at 237 and spread at 258. Not able to understand where to cut positions. Plz suggest.

    ReplyDelete
  2. mcxpertAugust 4, 2009 at 6:55 PM

    Hello Vidya,

    It is still in a strong uptrend. I dont want to pick the top and get caught. If I do see a reversal I will post here.

    Thanks
    Abhinav

    ReplyDelete
  3. UnknownAugust 4, 2009 at 7:07 PM

    what are your servises an charges

    ReplyDelete
  4. mcxpertAugust 5, 2009 at 9:58 PM

    Mr. Yadla,

    Send me an email and I will send you the details.

    Thanks
    Abhinav

    ReplyDelete

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