GOLD FUTURE
(Last traded Price 16638)
The counter after gap down opening yesterday failed to move higher on weak global advice and remained range bound for the major part of the session except earlier to closing hours when it surged to day’s high at 16705, which however, remained short lived and the gold slipped back in closing minutes. The counter may remain volatile today taking cues from the world markets. The gold as appears on charts may slip further to 16574/16534 once it trades and remains below 16609. Strong resistance for the gold exists at 16678 which if crossed with volumes then the gold may move up to 16707/16726.
DOW JONES (LAST CLOSE 10548)
LONG ON DOW @10410 ON 21-12-09. NOW SL IS 10515. SELL IT BELOW 10515
COPPER (LAST CLOSE 344.65)
SELL COPPER BELOW 341 WITH SL OF 348.
CRUDE OIL
LONG ON @ 3290 ON 15-12-09. NOW SL IS 3685 . SELL IT BELOW 3685
GOLD
(LAST CLOSE 16652 )
SHORT ON GOLD @17070 ON 17-12-09 . NOW HOLD SHORT WITH SL OF 16725.
NATURAL GAS JANUARY
(LAST CLOSE 271.80)
LONG ON NG @274 ON 28-12-09. HOLD NG LONG WITH SL OF 266.
SILVER
(LAST CLOSE 26657 )
SHORT ON SILVER @27290 ON 29-12-09. NOW HOLD SHORT WITH SL OF 27005.
