Daily report commodity 05.11.14

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Wednesday 05 th November, 2014 www.3mteam.in 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. MCX DAILY NEWSLETTER 04 th NOVEMBER, 2014

Transcript of Daily report commodity 05.11.14

Page 1: 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

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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.

Page 3: Daily report commodity 05.11.14

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.

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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.