Daily Technical Outlook: Metals and Energy

 (MCX/DGCX/COMEX) 26th Nov 2010
Commodity Contract Month LTP S2 S1 R1 R2 Trading Call
BULLIONS(Rs.)

Gold Dec 20361 20150 20320 20558 20725 Buy at 20360 stop
below 20310
target-20425-20480
ranges.
Silver Dec 41790 40650 41200 42220 42640 Buy around 41500-
580 stop loss at
41200 target-
42250-42500
ranges.
ENERGY
Crude Oil Dec. 3852 3735 3790 3866
3920 No trade
Natural Gas Dec. 201.9 188 196 208 214 Buy around 201 stop
below 197 target-205 -
207 ranges.
BASE
METALS
Copper
Nov 380.10 368 374 381 386 Buy at open market
stop loss below 377.5
target-383-385 ranges.
Zinc Nov 99.05 93 97 99.6 103 Buy around 98.5 stop
loss below 97.2 target--
100.4-101 ranges.
Lead Nov 104.85 97 101.8 105.1 109 Buy at open market
stop at 103 tgt-105.7-
106.2 ranges
Nickel Nov 1030.6 962 990 1037 1054 No trade
DGCX/COMEX
($)
Gold Dec 1372.6 1330 1355 1383 1398 Buy around 1369-
70 stop below 1366
tgt-1378-1382/sell
below 1355 stop at
1358 tgt-1348-1344
Crude oil Jan 83.8 79 80.80 83.6 85.4 Sell at 83.6 stop at
84.2 target-82.4


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positions in the securities/commodity mentioned.