tag:blogger.com,1999:blog-49947618614013596892011-11-28T06:07:13.645+05:30Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.comBlogger1391100tag:blogger.com,1999:blog-4994761861401359689.post-57911810029885771012009-08-12T09:12:00.001+05:302009-08-12T09:13:33.404+05:30

Yes we can see a price reversal in some of the base metals now however volume and open interest are still not supporting strongly. Trade accordingly.crude behavior is still same. Highly volatile. After making day's high yesterday it made a new day low. Looks somewhat on negative side.Gold & Silver are also showing the same behavior. No change at all.Same is the case with Natural Gas. Weak but

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-14287525578125238222009-08-11T09:15:00.001+05:302009-08-11T09:15:42.209+05:30

After yesterday's sessions some sort of weakness is witnessed in all the base metals except Nickel. It could be a possible reversal but not confirmed yet. One thing is sure that sentiments are changing, more sellers are coming and buyers are exiting & booking profits. Confirmation of reversal is yet to come.Crude also shows some sort of change in behavior. Still highly volatile & non directional

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-72628116852382200172009-08-10T09:08:00.000+05:302009-08-10T09:09:11.447+05:30

Base metals have shown some correction & again went up swiftly. As I said they are in a very strong uptrend so any correction in them can be used to enter longs with strict SL. We had initiated shorts and booked some profits but later trailing SL got hit as there was a sharp bounce.Crude has been extremely volatile in last few sessions. Its behaving like a wild cat which cant be controlled. As I

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-71501856471753758962009-08-06T10:57:00.000+05:302009-08-06T10:58:30.498+05:30

Base metals as mentioned are making new highs everyday and killing bears badly. I am sure most of the small investors who have initiated shorts when metals started rising must have booked huge losses by now & some may be about to book. The interesting part in this rally is that open interest is not getting increased which means that new positions are not building up so it can be a fake rally and

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com2tag:blogger.com,1999:blog-4994761861401359689.post-37085066834401894712009-08-05T09:51:00.000+05:302009-08-05T09:52:43.894+05:30

Base metals are still going strong. Although all of them are in the overbought zone but so far there is no sign of reversal. Also the very important part is trend is getting stronger so until trend gets change we should remain long. All efforts to pick up the top would go in vain. So be with the trend and enjoy !!!!Crude still looks good and is in positive zone. 3327 is the support and 3482 is

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-73228678527305256802009-08-04T09:59:00.000+05:302009-08-04T10:00:46.732+05:30

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

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com4tag:blogger.com,1999:blog-4994761861401359689.post-55307499939358955012009-08-03T11:01:00.001+05:302009-08-03T11:01:50.157+05:30

Base metals still looks good & all of them are in super uptrend. They are buy on dips items.Crude also looks good for longs and can be bought on dips.Gold & Silver would remain volatile so trade accordingly.Natural Gas looks negative and can be a short on rise.

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-34738113207866583102009-07-31T11:09:00.001+05:302009-07-31T11:09:52.455+05:30

Yesterday base metals have shown a decent recovery. The volatile move was expected but it was for both the sides however we have seen it only for upside. It tells that they are still in a decent uptrend and weakness is not visible soon. Every dip should be used to buy until some long term supports are broken. Let the expiry day go by and we will start fresh positions from tomorrow.Crude was also

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-87947074485209903132009-07-30T11:58:00.001+05:302009-07-30T11:58:59.712+05:30

We have seen more some correction yesterday in base metals. Book partial profits as well. We can see some more downside from here. Being the expiry tomorrow we can see some volatility today and tomorrow.Crude Oil as expected fell badly and even it broke the important support of 3115. We have booked profits in Crude as well. It is still weak and we can see more downfall. Exact levels only for

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-1795948801253966262009-07-29T11:03:00.001+05:302009-07-29T11:03:45.578+05:30

As I said that its time to stay cautious in base metals because all of them were in overbought zone and a correction was due. We have seen some sign of correction/profit booking yesterday in all the counters. We can still see more downside now. Also expiry is coming near so we may see some volatile moves so trade cautiously.Crude also can show some more short term selling. We may see it coming

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-11262792090630243202009-07-27T09:20:00.001+05:302009-07-27T09:20:21.743+05:30

Base metals still looks good. Copper is taking stiff resistance in 270 zone & Aluminium is doing wonders as expected. Rest 3 have also joined the rally but I would say its time to stay cautious and not to be trapped. We have already taken maximum profits from them by entering timely into them. Trade accordindly.Crude is still looking nice to go long and can be bought on dips.In Gold & Silver also

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-60525179458898291312009-07-24T10:33:00.002+05:302009-07-24T10:33:55.057+05:30

Base metals stil looks strong and Copper & Aluminium are still rocking. Aluminium has made a new high yesterday. Zinc also inching up slowly & catching the pace...Buy on dips..Crude has achieved my target of 3257 given to the clients yesterday. Sometime back also I have written here that above 3194 it will head for 3268 however the actual target was 3257 which is met yesterday.Gold & Silver both

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-64915412619900503462009-07-23T11:35:00.001+05:302009-07-23T11:35:36.901+05:30

Base metals specially Copper was so strong that it didnt correct much & went up like a rocket & pulled mostly all others along with it. I have informed my client well in advance that its heading for 270.80 the moment it broke 249 on closing basis. Yesterday it could not break that level and fell few points. Above 270.80 what level it can show..ask me...Apart from Copper Aluminium was strong & is

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-9497807565255369092009-07-22T12:12:00.000+05:302009-07-22T12:13:15.489+05:30

Base metals are still prone to show some sort of correction. Yesterday also all of them struggled to made new highs and were unable to do so. We should see similar behaviour today as well before they can shoot up. Crude still looks good to buy on dips for target of 3268. What level to buy & what should be SL??? Only for clients...Gold is still in strong uptrend & can show us some more gains..

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-26925094073169164072009-07-21T09:52:00.002+05:302009-07-21T09:54:34.926+05:30

Base metals still looks positive however some of them have entered overbot zone and might show some small correction but overall they are positive. Yesterday Copper has made its new recent high & others are trying to break those recent highs. Lets see if they can!!!Crude is almost reached its next level of resistance on an upside. 3194 is the resistance for it. Above this it can show you 3268.

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-90981356482282359652009-07-20T09:20:00.000+05:302009-07-20T09:21:14.251+05:30

Base metals are looking positive as the king of metals Copper is dragging others up. As mentioned Copper and ALuminium are looking very strong so they have risen well and other metals like Lead and Zinc followed them like a baby. The equation still seems to be the same. After a minor correction we are still going to see an upside.Crude also seems to be good to go longs on dips. 3030-3065 range

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-75698158753464506932009-07-18T13:06:00.002+05:302009-07-18T13:12:18.696+05:30

If you check my older posts you will see that I had clearly mentioned that there was a nice support at 189 zone and below that 185.3 and 178 were clearly seen. But it was just for blog viewers. For clients the moment 189 was breached I had clearly mentioned the target of 159-160 range and expected a sharp bounce from there & same thing has happened. Attached is the chart for your review....Its

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-42380221030628782502009-07-17T09:58:00.000+05:302009-07-17T09:59:20.571+05:30

Last few days were pretty hectic so I didnt get time to update the blog..here is today's view -Base metals especially Copper and Aluminium looks good to buy. Nickel also seems to be ok but Lead & Zinc still doesnt have much strength. Trade accordingly.Crude Oil there is no trend but the recovery was fast. Initially it took a very strong resistance at 3016 level as mentioned earlier and once its

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-31127083898658035692009-07-13T10:28:00.000+05:302009-07-13T10:29:27.218+05:30

No change in base metals view. Please refer view for 10th July.Crude Oil is still weak however a technical bounce can be seen till 2993-3016 levels and it should again fall from there.Same view is maintained in Gold & Silver. No change at all.Natural Gas as mentioned earlier is heading for 159-160. Although the trend is still down but we might see some recovery from these levels. Keep an eye..

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com3tag:blogger.com,1999:blog-4994761861401359689.post-26216607287359337712009-07-10T12:16:00.001+05:302009-07-10T12:19:19.491+05:30

Base metals appears to lose momentum for upside and are ready to fall down. However some important support levels are still intact. Nickel seems weakest...The moment those levels will be broken they will fall badly. Watch out for those levels....Crude as I said has entered a new downtrend and is going to fall more.Gold & Silver are still weak and going weaker day by day. Especially Gold has

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com2tag:blogger.com,1999:blog-4994761861401359689.post-17137433080837022702009-07-09T10:38:00.001+05:302009-07-09T10:38:42.130+05:30

Whatever happened yesterday and day before yesterday in base metals refers to a beginning of a new downtrend. Day before yesterday they rose but fell down and closed almost at days low and yesterday that selling continued and it has dragged all of them down further. As I said on 7th July that short positions are building up you can see their effect clearly now. Now what should be the next

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-44129891929801434472009-07-07T11:46:00.001+05:302009-07-07T11:46:33.056+05:30

All the base metals are on the verge of some new happening. May be good may be bad. Yesterday most of them fell due to the weakness but they smartly bounced back from their good support levels. However there is no change in sentiment. Still short positions are building up. Lets see which side move we see in coming days. My call is to avoid them for the time being.Crude also has taken nice support

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-28856053362336727012009-07-06T09:22:00.001+05:302009-07-06T09:22:57.948+05:30

Base metals are still non trending so I would advise to wait until trend become clearer. Although the direction seems to be on a little -ve side but still I would not initiate any trade. Yes only risky trades with strict SLs can be picked.Crude is still falling ever since it was unable to breach 3510. It has given almost 350 points so far..The next very recent support is 3135-3141 and after that

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com2tag:blogger.com,1999:blog-4994761861401359689.post-7129214316188734582009-07-03T09:48:00.004+05:302009-07-03T22:16:21.148+05:30

The same way Silver has broken its long term trendline and price is closed below it. It might be an expiry affect but technically it looks very weak and is prone to more fall in coming days.Have a look at the chart....

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com1tag:blogger.com,1999:blog-4994761861401359689.post-82591693363038815292009-07-03T09:45:00.003+05:302009-07-03T22:19:26.214+05:30

Hello Viewers, As mentioned in my posts Gold has taken a very nice support at its trendline which is 14385-90 range. Attached is the chart for the same for your review. Once it will break this range its prone to fall to 14115-14145 range.

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-68173435133061869822009-07-03T09:34:00.004+05:302009-07-03T09:36:15.658+05:30

As mentioned Lead and Nickel were strong yesterday whereas other base metals could not match them. They are still non trending and yet to find a proper directional move. Yesterday short positions are built up in every base metal except Nickel. Infact huge number of long positions were built in Nickel but its also approaching its resistance area. Lets see if it wud be able to sustain and break

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-48148925504114170292009-07-02T09:52:00.000+05:302009-07-02T09:53:05.887+05:30

All base metals are although non trending however still trading with positive bias. Most of them are trading with high volatility. Among all Lead and Nickel seems to be better than all others to go long.Crude is losing its momentum and as I said its due for correction, it fell yesterday. What is the next support from where it should bounce? check it out!!!As I said Gold & Silver are weak however

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com2tag:blogger.com,1999:blog-4994761861401359689.post-15136845090037075962009-07-01T08:48:00.001+05:302009-07-01T09:06:09.548+05:30

As expected base metals have shown huge volatility. In initial session they were trading flat to little up & in evening session they fell like a knife. June is over now we got to look out for July. I am yet to analyze the July month data. Will post this during daytime today.Wow...Crude behaved exactly how I predicted. 3500-3508 was resistance zone thats why I had mentioned that Crude should touch

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com3tag:blogger.com,1999:blog-4994761861401359689.post-82385222470488870462009-06-30T08:59:00.001+05:302009-06-30T08:59:49.413+05:30

Today is Base metals expiry so we might see volatility due to settlement so please avoid trading today in metals. Will see tomorrow how to move forward in them.Crude still looks good for targets of 3475/3500 and above 3510 it will become more stronger.Gold and Silver are consolidating for quite sometime and a clear directional movement is yet to come. Till then just sell on rise and buy back at

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com1tag:blogger.com,1999:blog-4994761861401359689.post-71150640670490473292009-06-26T15:49:00.003+05:302009-06-26T15:57:28.118+05:30

Hi All,On one of the viewers request I am hereby attaching the chart of Gold in $ in which H&S pattern is clearly visible. See the neckline breach which is marked in yellow colour. After breaching the neckline how it went up to kiss the neckline again and fell badly till $911.

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com1tag:blogger.com,1999:blog-4994761861401359689.post-28520473869367725622009-06-26T08:12:00.002+05:302009-06-26T08:15:40.491+05:30

Yesterday again we have seen a decent buying seen in all base metals which indicates that some more upside is on the cards. Although volume is increasing but open interest is being split within this month and next month due to expiry approaching. That might be the reason why we dont see the OI bumping up for this month. As mentioned yesterday Lead data was strong so it rose well, also suggested

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-58249239325333260232009-06-25T08:41:00.002+05:302009-06-25T08:44:56.051+05:30

This is where all technicals fail when something rises or falls without any reason. Till yesterday there was no strength at all in any of these base metals data and even today after such an unexpected rise the strength in terms of volume along with open interest is still not there in any of these except Lead. Honestly I have no clue why base metals have risen yesterday. I myself dont see any

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com2tag:blogger.com,1999:blog-4994761861401359689.post-19830853618142617242009-06-24T08:21:00.001+05:302009-06-24T08:21:24.727+05:30

Base metals have seen some recovery however they are still weak and should fall again. But what should be the final level to hold your shorts and what should be the SL???? Exact levels and SL only for clients.Crude is still weak and should fall again. My 3rd target of 3232 is missed by few points. Now 3366-3392 will act as a resistance wall before it can move up. It should retest the yesterday's

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-77850409275267397292009-06-23T08:54:00.002+05:302009-06-23T08:57:17.276+05:30

You can clearly see that Natural Gas has a decent support around 194 levels. If it closes below 194 then it should invite bears to rule it and they will drive it for 186/178.

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-80126848182340365882009-06-23T08:44:00.000+05:302009-06-23T08:45:03.897+05:30

As expected base metals crashed yesterday but weakness was seen in the entire pack. Copper was leading the fall and it has breached its long term trendline intraday only so advised clients to go short for targets of 223/217. More fall to come in all of them. Momentum is shifting from +ve to -ve and Copper & Zinc looks weakest.Crude also gone weak and fell badly below 3360 so advised clients to go

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com2tag:blogger.com,1999:blog-4994761861401359689.post-3934426457629716852009-06-21T20:44:00.001+05:302009-06-21T20:44:46.984+05:30

Base metals are still looking in uptrend although a short term downside is expected. Those dips should be used for long term buying. Most of them are trading above their long term trend line which is acting as a very important support. As long as that long term trendline is intact we can use it for buying.Crude Oil is also in uptrend but is prone to a correction. 3360 is a nice support. Below

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-38669732187655316592009-06-18T10:02:00.002+05:302009-06-18T10:05:07.615+05:30

Hello All,On Monday 15th June I am blessed with a sweet little baby girl so I am on break for few days. Will be back to the business starting 22nd June.ThanksAbhinav

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com3tag:blogger.com,1999:blog-4994761861401359689.post-74274544052302318792009-06-12T08:56:00.001+05:302009-06-12T08:56:59.011+05:30

Base metals as mentioned earlier are rocking and daily making new highs. First Aluminium started the rally, then Copper & Lead joined the party and now Nickel and Zinc also came in form. Overall a decent run has seen and so far everything still looks good for more gains.Gold & Silver are taking extreme support at lower levels & are bouncing back sharply from there. Now Gold can show more weakness

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-86204613264310608322009-06-11T09:54:00.000+05:302009-06-11T09:55:30.959+05:30

No change from yesterday in any of these counters.Base metals still positive. Buy on dips.Crude Oil still in positive trend but overbought so prone to a correction. Above 3320 next target was 3400 which it has achieved yesterday. Now 3419-3449 is very major resistance for this. If it has to crack it will take stiff resistance there otherwise above 3450 it will head for 3764. Watch out....Natural

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-8389894925331216052009-06-10T09:42:00.000+05:302009-06-10T09:43:20.698+05:30

In Base metals only Copper & Lead has risen with full strength & rest others just followed them. These 2 counters looks very strong now. Buy on dips. Nickel & Zinc also positive but not as promising as Copper & lead.Crude still looks overbought & has taken stiff resistance at 3320 yesterday. In international market $71.75 is huge resistance. Keep an eye on this level. A close above this will take

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-34448550570541606352009-06-09T09:28:00.001+05:302009-06-09T09:28:48.664+05:30

Base metals mix mood continues. As mentioned earlier that something is cooking in Aluminium thats why it rising consistently. What is its next resistance...ask me?The same way Copper, Lead has similar behavior as neutral and Nickel, Zinc has similar behavior towards bearish...check it out for exact levels for short or long...Crude is still overbought & can crash badly from here. But at which

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-73679706480940310022009-06-08T09:34:00.001+05:302009-06-08T09:35:44.809+05:30

Base metals after being highly volatile last week still shows sign of indecision. A mix mood is seen in them. Better to avoid.Crude has risen much is last few days. Now it seems to be overbought and should take some correction from here. Till what level it should come? Ask me......Gold & Silver also seems to be on neutral to negative side.Natural Gas is also non trending & is on a volatile

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-21067298644711424332009-06-05T09:27:00.000+05:302009-06-05T09:28:25.030+05:30

Base metals seems to be very volatile. Something was cooking in Aluminium that is why when entire base metal pack was down day before yesterday Aluminium was standing as it is. Yesterday when other metals rose some Aluminium rose handsomely 5+ points. Overall I wud say the picture is still not clear so wait until it becomes clearer.Gold expiry was done yesterday & as I said day before we have

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-1559776713661952312009-06-03T09:37:00.001+05:302009-06-03T09:37:56.570+05:30

Yesterday some profit booking was seen in base metals which pulled them down & almost all of them except Nickel and Lead closed around their days low. Although there is no change in the trend but need to see if the same behaviour is seen today as well.Crude is still positive and consistently moving up. Heading for 3400????? or will it crack from here?Gold expiry is near so some unexpected moves

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-28215621009040566122009-06-02T09:02:00.000+05:302009-06-02T09:03:34.535+05:30

Another wonderful day. As I mentioned that base metals are looking strong and specially Copper, Lead & Nickel so all 3 base metals rose very well with good volumes. The best part is even Aluminium & Zinc have joined the party. Now entire pack looks good and can be bought on dips.Gold & Silver made new highs yesterday & they might see a little consolidation now. Although both the counters looks

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-1154841656843608542009-06-01T09:49:00.002+05:302009-06-01T09:51:23.705+05:30

Some base metals like Copper, Lead & Nickel are moving into positive zone whereas Aluminium & Zinc are not yet so strong to buy. We can buy Copper, Lead & Nickel with strict SL because the real strength is still yet to come.Gold & Silver are still bullish and can be bought on dips.Crude is also bullish & might test 3175 soon.Natural Gas looks weak & can be shorted on rise. Strength will be only

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-53970436298744063052009-05-30T10:17:00.003+05:302009-05-30T10:21:36.261+05:30

Base metals expiry was done yesterday so we will start trading in them from Monday depending on the trend.Crude reverse position against the trend was initiated to short between 3132-3142 for intraday targets of 3100/3070 & low made 3075 after that.Natural Gas resistance was 192.7 so Natural Gas fresh shorts were made at 192.6 SL 195 for intraday targets till 186 and all target met intraday only.

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-6841658256803357492009-05-29T09:39:00.000+05:302009-05-29T09:40:59.454+05:30

Base metals expiry game is on thats why we are seeing both side movements. So avoid trading today being the last day of expiry. Will have the clear picture on coming Monday.Crude Oil still rocking & is heading for 3145/3176 in coming days.As mentioned yesterday I clearly said avoid shorts in Natural Gas at these levels, see what has happened. Natural Gas has bounced rose sharply with good volumes

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-89809755310400503612009-05-28T09:34:00.001+05:302009-05-28T09:34:45.183+05:30

See what happened yesterday. Exactly the same as I mentioned that base metals are not very strong from a technical point of view. Just because of the expiry effect huge short covering was seen and due to which they have risen. As I said that out of all base metals Aluminium was the weakest you can see that Aluminium has given full Rs. 3 from its days high and closed almost at its days low. The

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-47648455145927727762009-05-27T10:46:00.001+05:302009-05-27T10:46:31.518+05:30

Yesterday some momentum shift was seen in the base metals and it could possibly be the expiry effect. Some counters like Nickel rose unexpectedly high whereas some were bounced from their days low. I would again say that the real strength is still not there so we may see them falling again. Right now the condition is wait & watch.Crude seems positive now to go long so one can initiate long

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-75435903778102970522009-05-26T10:15:00.002+05:302009-05-26T10:16:02.224+05:30

Market view on all the commodities remains the same today as well because US was off yesterday and markets were flat without movement. Nothing got changed.

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-9131949753544529412009-05-25T09:26:00.002+05:302009-05-25T09:29:27.096+05:30

Crude is trading in a rising wedge now so a trading band is getting developed. Buy near its support & sell near its trendline resistance. Break of the lower trendline will invite bears to rule it. Watch out !!!!

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-78853745278364199132009-05-25T09:09:00.001+05:302009-05-25T09:09:41.205+05:30

Base metals fell badly last week & recovered some from their extreme supports. Some bounced from their long term trendline & some made double bottom hence taken support at previous support area. However there is no strength in the bounce back & trend is still down. We might see some retracement but overall trend is still down. Although all are weak but Aluminium seems weakest.Although Gold &

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-44022740669453366002009-05-22T09:18:00.002+05:302009-05-22T09:33:14.777+05:30

See how beautifully base metals crashed as expected. This is the power of trend analysis. Always trade with the trend and be on the right side of the markets. I have clearly mentioned on 19th May that base metals have entered a bear trend and we will only look for short opportunities. All my targets have met in base metals. Ever since we picked up the trend (19th May) see the gains in points in

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-89289828388879068012009-05-21T09:22:00.000+05:302009-05-21T09:23:10.462+05:30

Base metals as mentioned very clearly on 19th May are falling since then. They are still in downtrend and can be shorted on rise.Crude seems to be positive & long positions can be build into it. Exact entry and exit levels are for clients.Gold & Silver are still weak & should fall more. Gold upside resistance is limited to 14400/14546 & Silver resistance 22535/22716.Natural Gas seems to have

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-3563381141808475272009-05-19T09:29:00.000+05:302009-05-19T09:30:25.836+05:30

As we were waiting for any trend to develop in base metals and finally after yesterday's selling now I can say that base metals have entered into a weak zone & looks like a bear trend has started. Now we would look for short opportunities.Gold & Silver also also witnessed the same selling due to rupee getting stronger as mentioned yesterday. Although the downtrend is not confirmed but some

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-25204949230876033572009-05-18T08:57:00.000+05:302009-05-18T08:58:45.786+05:30

ALUMINIUM 74.4COPPER 224.3CRUDEOIL 2890GOLD 14723LEAD 72.2NATURALGAS 211NICKEL 627SILVER 22699ZINC 73.7

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-33658734901638261522009-05-18T08:43:00.001+05:302009-05-20T18:54:21.431+05:30

As I said earlier that not all base metals are weak. Some are still strong. Although all base metals fell but the weakest fell the most & the strongest didnt fell much. Amongst all Lead & Nickel are strongest. The trend is still not clear so we will trade in them. We will buy near support & sell near resistances. Exact levels to buy or short are only for clients.Crude oil after giving a nice

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-79821137338661862592009-05-15T09:32:00.001+05:302009-05-15T09:32:54.269+05:30

Base metals started melting from day before yesterday but they were non trending so advised clients not to buy any fresh positions in them. Yesterday gave them so nice support levels of base metals and all base metals bounced back sharply from those levels.In Crude Oil first we picked up the breakout from the bottom above 2585 levels. I had written clearly on 29th April market view that until

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-33591280771387508672009-05-13T22:25:00.003+05:302009-05-13T22:32:41.788+05:30

Natural Gas hit my final target of 226 & there I have asked to initiate shorts at 226.5 SL 229.5 TGT 222/218/212 => 2 targets met & then trailing SL hit. Booked full profits in longs already. Gold & Silver as expected broke out badly...Made huge money in them...Were long in Gold above 14600 & in silver above 22855 for targets of 14800 in gold and 23680 in silver...watch out... Crude intraday

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-12932437183825344332009-05-13T09:21:00.001+05:302009-05-13T09:21:47.510+05:30

Wow...What an excellent day..Gold & Silver much awaited Breakout happened yesterday. I was shouting since long that a breakout is on the cards & it happened yesterday. Now get ready for some decent gains in coming days...Natural Gas has made a new high yesterday and my positional buy 3rd target of 218 is also achieved & 4th target is just 5 Rs. away..After that whether to initiate shorts or stay

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-46299979284375040892009-05-12T09:18:00.003+05:302009-05-12T09:20:29.528+05:30

No change in anything except Copper looks a little weaker. Please follow the same rules mentioned yesterday.....Hope you are enjoying !!!!

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-65272111870444013172009-05-11T09:04:00.001+05:302009-05-11T09:04:39.916+05:30

Although the bias is positive I would say the real trend is not there in some of the metals. Out of all Nickel seems to be the best to go long followed by Zinc & Lead. Keep strict SL for all the trades.Crude Oil as expected has risen a lot in last one week ever since it broke out above 2585. Clients have enjoyed the early entry & booked the profits on time. It is still strong but where to get the

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com2tag:blogger.com,1999:blog-4994761861401359689.post-63245024450475364982009-05-10T17:25:00.002+05:302009-05-10T17:27:55.559+05:30

I hope you all have enjoyed last week's levels. Here are the important support & resistance levels for this week.ALUMINIUM 75.4COPPER 234.0CRUDEOIL 2789GOLD 14479LEAD 71.8NATURALGAS 198.2NICKEL 629.4SILVER 22027ZINC 76.4

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-15632943007679399032009-05-08T09:25:00.003+05:302009-05-08T09:27:30.029+05:30

Silver has already given a big breakout on the breach of upper trendline. As I said earlier that 21800 (if you see) would be a nice level to enter fresh longs. Keep an eye...more fireworks in coming days...

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-50665701158202067322009-05-08T09:21:00.002+05:302009-05-08T09:24:59.350+05:30

Gold has been consolidating in a triangle for quite sometime now & is ready to blast most probably on the upside. Bulls are taking control slowly & a close above 14495 will take it to higher levels convincingly. Yesterday it breached intraday but heavy selling was seen after that but as it was strong it bounced back sharply from its weekly support of 14430.

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-26356209716829999202009-05-08T09:09:00.000+05:302009-05-08T09:10:05.217+05:30

All base metals looks positive. Zinc & Nickel made new highs..But a solid trend is yet to develop..Nickel looks more promising amongst all..As I said Crude was positive & ready for a blast above 2585 levels & ever since it didnt see back & daily touching new highs. Yesterday made a new high of 2880. My target was 2849 & 2913 which is missed by Rs. 33. Although it is still positive but profit

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-11418276868614520442009-05-07T08:48:00.000+05:302009-05-07T08:49:55.115+05:30

As mentioned on 5th May base metals bounced back swiftly from their recent low & are all set to make new highs. Buy on dips.Crude also moving as per the expectations..yesterday my positional buy target of 2800 almost achieved. high made 2795. Now 2849/2913 are on the cards...Natural Gas is also doing wonders..Remember we have picked Natural Gas from the bottom...So far going good but real buy

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-77551248563075742252009-05-06T08:20:00.004+05:302009-05-06T08:23:50.550+05:30

Buy Zinc on fall above 72.50 SL 71.80 TGT 73/73.5/74/74.5 CMP 73.9 => Didnt trigger but all target metCrude positional buy 2nd target of 2700 also met.....

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-66008186682217591692009-05-06T08:18:00.003+05:302009-05-06T08:20:37.686+05:30

Nothing got changed except some heavy selling seen in the base metals & huge volatility witnessed in precious metals. All these are moving in trading range and a nice trend is yet to form....Will see some good breakouts in coming days...

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-75719580375035695502009-05-05T09:28:00.002+05:302009-05-05T09:31:32.265+05:30

Buy Natural Gas above 174.4 SL 171 TGT 177.3/181.8/184.2 => All target met intradayBuy Crude intraday above 2625 SL 2590 TGT 2670/2700/2730 => 2nd target of 2700 missed. High made 2693. Still trailing at cost.Short Silver below 20950 SL 21050 TGT 20875/800/700 => 1st target met & then trailing SL at cost hit.

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-66704236994035149072009-05-05T09:26:00.001+05:302009-05-05T09:27:21.948+05:30

Base metals momentum has turned positive and looks like they are all set to make new highs now. Zinc seems more attractive amongst all.Crude as expected showed great momentum & still looks good for longs. Yesterday missed my 2nd target of 2700 by 7 rs and made a high of 2693. More to come...Natural Gas blasted once again..If you remember we are long since 170+ levels. I have placed my support of

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-65784579461595406262009-05-04T09:16:00.002+05:302009-05-04T09:16:51.053+05:30

ALUMINIUM 72.9COPPER 227.45CRUDEOIL 2587GOLD 14430LEAD 68.55NATURALGAS 174.4NICKEL 574.1SILVER 20953ZINC 72.3

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-57125024879787370222009-05-04T09:14:00.001+05:302009-05-04T09:16:00.333+05:30

Base metals are bounced back sharply from their previous breakout ranges. We will see some trading range being developed before we can see the next round of trend. Till then trade as per day levels....Crude as expected showed great bullishness above 2585 levels & is still in the positive zone..More to come...keep an eye...Natural Gas also as expected bounced back sharply from the levels given &

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-83611867844711510832009-05-01T21:18:00.003+05:302009-05-01T21:22:58.575+05:30

Got 100 Rs. in Crude long and 8 Rs. in Natural Gas long intraday trades....As per my message for 29th April we bought -Buy Crude above 2585 SL 2540 TGT 2620/2660/2695 => 2 target met intraday & 3rd missed by 8 Rs......Now we are trailing with 2600 as SLBuy Natural Gas above 171.20 SL 168 TGT 174/176.4/179.1 => All target met.....

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-81100018929661306292009-04-29T09:22:00.002+05:302009-04-29T09:31:51.888+05:30

Base metals showed some more weakness yesterday. Lead & Zinc were already very weak and yesterday Copper & Nickel also participated. I had given hint & asked a simple question on 21st April -"Now the question arises is it a retracement or correction???? Is it time to build shorts or buy on dips??? Guess !!!!!"We have picked up this reversal on its initial phase......Remember we have expiry of

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-9511678442944625552009-04-28T08:31:00.004+05:302009-04-28T09:08:39.725+05:30

As mentioned yesterday we have seen heavy selling in few metals like Lead, Zinc but Copper & Nickel didnt fall much and Aluminium was neutral. Thats why I said that we have mixed behavior in base metals...Gold & Silver also risen as per the expectations...Some profit booking is expected today so stay cautious...Natural Gas also fallen more & made a life time low of 165.5Crude didnt cross the

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-9502941036733040102009-04-26T21:07:00.004+05:302009-04-27T09:41:47.852+05:30

First of all I would like to apologize guys as I was not able to update the blog regularly in the last week as I was not getting enough time to update.....Few other very important things kept me busy last week....I am back now...As mentioned on 21st April regarding base metals whether the fall was retracement or correction? Some more fall after that you all have seen but now as far as trend is

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-17475214804389557142009-04-21T09:22:00.003+05:302009-04-21T09:26:40.635+05:30

Base metals after running up for quite sometime has shown some decent selling yesterday. Now the question arises is it a retracement or correction???? Is it time to build shorts or buy on dips??? Guess !!!!! Crude as mentioned earlier had broken the lower trendline last week and was unable to break 2670 which was a huge resistance hence fell badly yesterday. Already given 150+ from the trendline

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-63632670200008012182009-04-19T14:22:00.002+05:302009-04-19T14:25:43.434+05:30

Short Crude below 2644 SL 2670 TGT 2615/2590 => TGT1 met intrday and exited there at 2622 before closingShort Natural Gas between 181.3-182 SL 184.4 TGT 180/178/176/174 => In the morning it opened down so didnt trigger & after making a low of 176.8 it bounced back sharply & SL hit.After that made a high of 188.4 & closed at 187.8

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-9726530871880208412009-04-17T09:21:00.005+05:302009-04-19T14:26:03.882+05:30

Short Crude between 2615-2625 SL 2660 TGT 2590/2555/2540 => TGT1 met & trailing SL hit. Then again shorted at 2640 with same SL & booked at 2611.Buy Copper above 238 SL 235.5 TGT 239.5/241.5/243 => TGT1 & TGT2 met & then trailing SL hitShort Zinc at 76.2 SL 77.2 TGT 75.4/74.6/74 => All target met intradayShort Gold below 14230 SL 14285 TGT 14180/14130 => Both target met intraday.

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-82569386263389631892009-04-17T09:21:00.001+05:302009-04-17T09:21:49.974+05:30

Profit booking is seen in base metals on higher levels. A little sentiment is also changed in some of them. Time to be a little more cautious for bulls & bears both. Is it a retracement or a new trend is forming? Ask me !!!!Gold & Silver trend is changing now & its heading down...more to come in coming days...Natural Gas also looks more weak & should fall more.No change in Crude Oil formation.

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-86175620125113047352009-04-16T09:24:00.000+05:302009-04-16T09:25:08.767+05:30

All base metals as per the expectation are rocking..As I said stay cautious and buy on dips so its working the same way...In Copper short at 238 the target was 228 and it made a low of 229.4 so missed the final target with 1.4 Rs. and on the upmove we are long above 235.35 once it has broken the 14th April high.Zinc finally broke out with huge volumes & my positional target of 74 met yesterday.

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-56059122707509127352009-04-14T13:34:00.000+05:302009-04-14T13:35:08.329+05:30

Base metals are still positive but as mentioned stay cautious & keep booking profits on important levels. They have been running for so long so might take some rest before starting again. Trade with strict SL.Gold & Silver showed nice recovery. As long as we are holding levels mentioned yesterday we are good.Crude again showed huge volatility and from days high fell down to days low and then

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-63554225621573794202009-04-14T13:27:00.000+05:302009-04-14T13:28:13.885+05:30

Short Copper at 238 SL 239.60 TGT 236/234/232/230/228 => TGT1 and TGT2 met intraday only. Holding overnight shorts. Next support at 227.1Buy Zinc above 69.7 SL 68.6 TGT 70.2/70.7/71.4 => TGT1 and TGT2 met intraday & then trailing SL hitBuy GOLD above 14280 SL 14225 TGT 14350/14410/14465 => All target met

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-35535046616523485132009-04-13T10:12:00.001+05:302009-04-13T10:13:58.724+05:30

My final target of 237 in Copper buy also achieved today. Now 238.1-239.2 is resistance zone. Watch out !!!

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-44045233783001843382009-04-13T09:06:00.002+05:302009-04-13T10:19:59.573+05:30

All base metals seems to be in strong uptrend & can be bought on dips. But at the same time we need to be a little cautious so trade with strict SL.Crude Oil is consolidating in a triangle and can breakout in either direction depending on which side TL is breached.Natural Gas is still weak and can be shorted on rise.Gold & Silver although are in downtrend but for Gold 14017 & Silver 19794 levels

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-34359625677763582122009-04-12T21:17:00.002+05:302009-04-12T21:20:02.249+05:30

Hi All,Crude oil after being highly volatile in last couple of weeks is now consolidating in a triangle. So a breakout is expected on either side break of the TL. So keep an eye.

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-61573158839036881912009-04-11T11:58:00.003+05:302009-04-11T12:00:15.190+05:30

Hello Viewers,I have given the positional buy call in Copper (kindly see below under the heading 3rd April calls) on 3rd April -==========================================3rd April CallsPositional Buy Copper abv 211.50 SL 204 TGT 216/221/226/232/237 => TGT1 and TGT2 met intraday only.=======================================Its 3rd target of 232 met today and high made 234.80 ...... Final target

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-53508939867106603162009-04-11T10:49:00.004+05:302009-04-11T15:09:59.049+05:30

Hello Viewers,On 6th April I have posted the chart of Zinc which had given Cup n Handle BO. This week it had taken support on its long term Trendline as mentioned earlier and shot up like a rocket. Touched today 69.4 as high..Another wonderful pick...Right on time !!! Attached is the updated chart....

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-33752468509064072672009-04-11T10:43:00.006+05:302009-04-12T21:46:09.405+05:30

Hello Viewers, On 6th April I have posted the chart of Aluminium which had given Flag n Pole BO. This week it had retraced back to MA20 and shot up like anything. Touched today high of 77.35. Wow what a wonderful pick...Right on time !!! Here is the updated chart .............

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-83220893533301778422009-04-08T12:21:00.001+05:302009-04-08T12:22:50.208+05:30

Final target of 2525 also met in Crude overnight short. Hope all enjoyed!!!

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com2tag:blogger.com,1999:blog-4994761861401359689.post-67106333740945792182009-04-08T10:30:00.001+05:302009-04-08T10:30:38.734+05:30

Gold & Silver are still weak but after some consistent selling in last few days they might show slight recovery. They are still sell on rise.Crude heading down. We shorted yesterday at 2525 and carried shorts overnight & booked today around 2448 levels. Still holding with trailing SL.Base metals specially Zinc & Copper have slight change in sentiment. Exact levels & direction are for clients :)I

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-43447753469829496902009-04-08T07:40:00.002+05:302009-04-08T07:46:27.662+05:30

Short Natural Gas below 187 SL 189.25 TGT 185.3/183.1/181.4 => All target met intraday only.Short Crude at 2525 SL 2554 TGT 2500/2475/2450/2425 => TGT1 met intraday and carried shorts overnight for more gains. Expecting a gap down.

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-48772397184364648542009-04-07T09:09:00.001+05:302009-04-07T09:09:39.872+05:30

Base metals are still positive but some profit booking was seen at higher levels in them.Nothing to worry so far. Bulls are still in control.Gold & Silver are cracking badly as predicted and they are trying to find support at lower levels but so far unable to find and breaching all supports.Oh God crude again showed its volatility & bulls were unable to hold at higher levels and was unable to

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-75650661304062109102009-04-06T11:39:00.003+05:302009-04-06T11:55:30.223+05:30

Please find attached the Flag n Pole Breakout on Aluminium.It was a BO above 71.5 and today we have seen 74.05 ..more to come...

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-33861177471247222642009-04-06T11:33:00.003+05:302009-04-06T11:38:01.522+05:30

Here is the chart of Zinc Cup & Handle Breakout. What a beautiful formation has happened & after the BO it has taken the support at the Handle trendline & blasted as expected. I had given the hint long time back that this BO has happened and it can blast anytime. Already got 3+ Rs in it and more to come..Blue line is the long term TL and some selling can be seen only on the breach of this on

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-48556287047207623532009-04-06T11:16:00.001+05:302009-04-06T11:17:46.209+05:30

All base metals looks bullish. Can be bought on dips. We are long in positional buy in Copper & Zinc. 2 targets in Copper & 3 targets in Zinc already met. More to come.Gold & Silver have entered weak zone and should be sold on every rise.Crude also after being highly volatile last week looks good to buy now.Natural Gas so far still looks weak and can be short on rise.

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-22063424188454528702009-04-04T14:10:00.002+05:302009-04-04T14:11:22.574+05:30

Positional Buy Copper abv 211.50 SL 204 TGT 216/221/226/232/237 => TGT1 and TGT2 met intraday only.Short Crude below 2680 SL 2710 TGT 2650/2620/2590 => All target metBuy Nickel abv 530.45 SL 522.2 TGT 536/542/548 => TGT3 missed with 10 paisa

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0tag:blogger.com,1999:blog-4994761861401359689.post-29588825057695959382009-04-03T12:32:00.003+05:302009-04-03T12:41:38.516+05:30

Read my comments on 30th March on Gold & Silver -"Gold & Silver are still weak and can show some more selling this week. Watch out 22250 for Silver and 15200 for Gold as immediate resistances"They only went above these levels once and ever since they are falling below these levels. Yesterday witnessed huge selling in both these counters.Nickel after consolidating for long time in a narrow range

Abhinavhttp://www.blogger.com/profile/00330985007578250448noreply@blogger.com0