Daily report commodity 05.11.14
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Transcript of Daily report commodity 05.11.14
Wednesday 05th November, 2014 www.3mteam.in
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STOCK /COMMODITY/FOREX/PMS/WEALTH MANAGEMENT
Technical based Trading and investment call Entry- Exit Trend Reversal+ Proper Stop loss
MCX GOLD (Dec.) 25963
TREND DECIDER THIS WEEK 26429
CANDELSTICK DAILY CHART OF MCX GOLD (DEC.)
S2 25743 S1 25853 PIVOT 26020 R1 26130 R2 26297
JUSTIFICATION
Gold in the COMEX market continuously going down and further gold may
remain down. If gold in MCX goes below 25881 selling pressure may
increase. Today ADP nonfarm and some other data may affect gold prices. It
is recommended to sell gold on rise around 26000 for the target of 25700
with stop loss of 26200.
EQUITY DAILY NEWSLETTER
11th FEB. 2013
MCX DAILY NEWSLETTER
04thNOVEMBER, 2014
Wednesday 05th November, 2014 www.3mteam.in
MCX SILVER (Dec) @ 35495
TREND DECIDER THIS WEEK 36462
CANDELSTICK DAILY CHART OF MCX SILVER (DEC.)
S2 35078 S1 35287 PIVOT 35548 R1 35757 R2 36018
JUSTIFICATION
Silver has given break out down side further it may remains down. Silver in
COMEX trading below 16 $ which is good resistance. If silver in MXC goes
below 35100, selling may intensify. Silver immediate support is 35300 and
resistance is 35800. It is recommended to sell silver on rise around 35800
for the target of 35000 with stop loss of 36000.
Wednesday 05th November, 2014 www.3mteam.in
MCX CRUDE OIL (NOV.) @ 4721
TREND DECIDER THIS WEEK 4975
CANDELSTICK DAILY CHART OF MCX CRUDE OIL (NOV)
S2 - 4528 S1 - 4624 PIVOT - 4787 R1 - 4884 R2 - 5048
JUSTIFICATION
Crude oil trend is weak there is no buying opportunity in crude currently.
Yesterday crude oil fell down 5%. As the production is increasing we should
remain on selling side on every rise in crude oil. It is recommended to sell
crude oil on rise around 4800 for the target of 4700 with stop loss of 4850.
Wednesday 05th November, 2014 www.3mteam.in
MCX NATURAL GAS (NOV.) @ 255.60
TREND DECIDER THIS WEEK 233.70
CANDELSTICK DAILY CHART OF MCX NATURAL GAS (NOV.)
S2 - 244 S1 - 250 PIVOT - 253 R1 - 259 R2 - 262
JUSTIFICATION
Natural gas has shown buying strength above 250 level and fundamentally
winter session set in US. As the technical chart is showing strength in natural
gas remaining on buying side will be wise decision. It is recommended to buy
natural gas on dip around 253 for the target of 260 with stop loss of 248.