COMMODITY UP DATED :  11th july 2018


COMMODITY UP DATED :  11th july 2018

Gold  : August

Strong bullish  and any sharp decline to buy side. Down side decent support observed at 30200-30100 whereas to buying opportunity for target 31000  and above in coming days.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  30737 30244 30560 30959 30163

Silver : Sept –

As it was mentioned that  buy any decline  and we are long last week from the level of 39000  and above 40000  more added for target 40500  and stop loss 40000  mark for short term traders.  Now time to book and  any sharp decline to go long side.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  40050 38560 39766 39847 39147

 

Crude Oil 19th July 

Overall trend is extremely bullish and likely to test 5500 mark in coming days with consider decent support 4600-4700  range, however, short term resistance made at 5150-5200 watch out, do not try to short side and any dip to go long.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  5173 4971 5075 4691 4072

 

Copper August 

Ove all trend is extremely bearish and remain short side  on pull back.  As long as remain below 450-455 range down side open towards 400-410 range in coming days.

Some Technical Indicators:

Last Week High Low Close 50 DMA 200 DMA
  453 428 432 461 451

 

Nickel July

We are bearish below 1000  and still holding short position.    Avoid further short side.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  1021 954 959 995 859

 

Natural Gas 26th July

Below 200 bear  favour, consider support 190 and once break likely more down side towards 185   180 mark.   Sell on rise strategy.

 

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  200.80 194.70 196.70 195.65 188

 

Aluminum July

Consider major resistance zone 145 to 147  and any rise to sell side with tight stop loss.  Short term top out.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  147.50 143.10 143.85 153.20 142.60

 

ZINC –  July  144.70

We are bearish below 200 and our target 185   180  mark mentioned and yesterday it has been achieved and enjoy, now advised to book full profit in opening trade  and avoid further trade.

Some Technical Indicators :

Last Week High Low Close 50 DMA 200 DMA
  199.85 185.35 190.60 206.70 211.85

 

LEAD July

Break down in trading range looks more down side with consider resistance 163    164 range, break down 160   more panic likely in this commodity.

Some Technical Indicators:

Last Week High Low Close 50 DMA 200 DMA
  166.75 159.08 161.55 162.85 16135

 

 

 

For Feedback/clarification/querry, simply drop us a mail at : backoffice.3mteam@gmail.com. Cell No.  9630466296 (also available on whatasapp

With Regards

3M TEAM Research

+919630466296 /  9301302732 

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