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    MCX GOLD OCTOBER (

    MCX SILVER SEPTEMBER ( )

    TECHNICAL UPDATE

    The above 4 hourly chart of Gold suggest that prices have reversed after taking resistance at 30820 levels. RSI is

    losing its strength. We expect prices to correct up to levels of 30640.

    Trading Call: Sell around 30780 levels with a stop loss placed above 30840 levels for targets of 30640

    levels.

    The above 4 hourly chart of Silver suggest that prices have reversed after taking resistance at 57180 levels. RSI

    is in a sell mode. We expect prices to correct up to levels of 56000.

    Trading Call: Sell around 56600 levels with a stop loss placed above 57000 levels for targets of 56000

    levels.

    24 AUGUST 2012

    Daily Commodity Report

    Geojit Comtrade Ltd

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    MCX CRUDE OIL SEPTEMBER ( )

    MCX NATURAL GAS AUGUST ( )

    The above 4 hourly chart of Crude Oil suggest that prices have reversed after taking resistance at 5420 levels.

    RSI is in a sell mode. We expect prices to correct up to levels of 5210.

    The above 4 hourly chart of Natural Gas suggest that prices have reversed after taking support at 150 levels.

    MACD is in a buy mode. We expect prices to go up to levels of 159.

    Trading Call: Buy around 155 levels with a stop loss placed below 152 levels for targets of 159 levels.

    24 AUGUST 2012

    TECHNICAL UPDATE

    Trading Call: Sell around 5310 levels with a stop loss placed above 5370 levels for targets of 5210 levels.

    Geojit Comtrade Ltd

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    MCX COPPER AUGUST (

    MCX NICKEL AUGUST ( )

    Trading Call: Buy around 422 levels with a stop loss placed below 419 levels for targets of 427 levels.

    Trading Call: Buy around 900 levels with a stop loss placed below 890 levels for targets of 917 levels.

    24 AUGUST 2012

    The above 4 hourly chart of Nickel suggest that prices have breached the crucial resistance of 895 levels. MACD

    is in a buy mode. We expect prices to go up to levels of 917.

    TECHNICAL UPDATE

    The above 4 hourly chart of Copper suggest that prices are taking support on the short term averages. MACD is

    in buy mode. We expect prices to go up to levels of 427.

    Geojit Comtrade Ltd

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    MCX LEAD AUGUST (

    MCX ZINC AUGUST ( )

    Trading Call: Buy around 107 levels with a stop loss placed below 106 levels for targets of 108.50 levels.

    The above 4 hourly chart of Lead suggest that prices have breached the crucial resistance of 106 levels. RSI is in

    a buy mode. We expect prices to go up to levels of 108.50.

    The above 4 hourly chart of Zinc suggest that prices have breached the crucial resistance of 101 levels. RSI is in

    a buy mode. We expect prices to go up to levels of 102.50.

    24 AUGUST 2012

    Trading Call: Buy around 101 levels with a stop loss placed below 100 levels for targets of 102.50 levels.

    TECHNICAL UPDATE

    Geojit Comtrade Ltd

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    MCX ALUMINIUM AUGUST ( )

    Research Department - Institutional Desk Geojit Comtrade Ltd.

    [email protected]

    Contact:

    Disclaimer:

    Mumbai - 400058.

    The information contained here was gathered from sources deemed reliable; however, no claim is made as to

    accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or time,

    nor should any examples presented be deemed as such. There is a risk of loss in commodity trading and

    commodity options and you should carefully consider your financial position before making a trade. This is not,

    nor is it intended, to be a complete study of chart patterns or technical analysis and should not be deemed as

    such. Geojit Comtrade Ltd. does not guarantee that such information is accurate or complete and it should not

    be relied upon as such. Any opinions expressed reflect judgements at this date and are subject to change

    without notice. For use at the sole discretion of the investor without any liability on Geojit Comtrade Ltd.

    Nitin Nachnani 805, Dev PlazaOpp. Irla Fire Brigade,

    022-61312127 S.V. Road, Andheri West,

    Trading Call: Buy around 103 levels with a stop loss placed below 102 levels for targets of 105 levels.

    The above 4 hourly chart of Aluminium suggest that prices have breached the crucial resistance of 102.50 levels.

    RSI is in a buy mode. We expect prices to go up to levels of 105.

    24 AUGUST 2012

    TECHNICAL UPDATE

    Geojit Comtrade Ltd

    mailto:[email protected]:[email protected]