Archive for February 9th, 2010
CRUDE VIEW
BUY CRUDE ABOVE 3384 TGT 3412-3430 S/L 3365
REGARDS,
TRADING ADVISOR
Will Copper Become the “New Gold?”
By Peter Krauth, Contributing Editor, Money Morning
The Statue of Liberty is one of the most recognizable American icons in the world.
Gold view
BUY GOLD IN DIPS ARD 16180-16200 SL 16100 TRG 16350-16450-16550
Why gold price will plunge to $800 per ounce
In the last few months, we have been reading predictions and forecasts from bullion analysts who insisted and argued that gold price is booming to touch $2,000, $3,000, $5,000, $10,000 per ounce in the coming years.
Aluminum may fall, selling recommended
Alcoa Inc. will continue discussing ways to resolve energy costs at its aluminum smelters in Italy and will not curtail its two plants there on Feb. 6 as previously announced.
Commodity prices to shoot up: Jim Rogers
Globally renowned commodities expert and investor Jim Rogers says world’s focus in the coming years is going to be on agricultural commodities and food prices.
Support for crude at Rs 3334-3303/bbl: Hem Sec
Hem Securities has come out with its report on commodity. According to research report the support for Crude remains at Rs 3334-3303 per barrel while it has resistance at Rs 3391-3417 per barrel.
TODAY MARKET CALLS FOR COMMODITIES (9Feb2010) : Ventura Commodities
Buy gold 16310, SL 16210, TARGET 16440
Buy silver 24250, SL 24000, TARGET 24590
SELL COPPER:Kedia Commodities
Copper closed higher when the euro got a reprieve from some of the recent worries about European debt, prompting some squaring of recent bearish copper positions.
Buy Jeera: kedia Commodities
Jeera ended slightly up yesterday but looks to trade lower on pressure from fresh arrivals and higher output estimates. Rising arrivals in the spot market will keep jeera under pressure. Spot jeera fell by 77 rupees to end at 12,086 rupees per 100 kg in Unjha.
TODAY MARKET CALLS FOR COMMODITIES (9Feb2010) : Religare Commodities
MCX Buy Crude oil Feb at 3350 – 3360, S/l – 3318, T1 – 3410 & T2 – 3420
TODAY MARKET CALLS FOR COMMODITIES (9Feb2010) : Kedia Commodities
SELL SILVER @ 24200-240 SL 24340 TGT 24155-24120-24070-24022. MCX
SELL MENTHA OIL FEB @ 564-566 SL 569.80 TGT 561.50-558.60-555.20.MCX
MCX-TODAY TREND, SUPPORT & RESISTANCE (9TH FEB 2010)
GOLD PCP 16276
TREND-STRONG
R1 16343, R2 16410, R3 16471
MIDLEVEL 16285
S1 16215, S2 16154, S3 16087
BELOW 16150 WEAK
Current gold price is a good buying opportunity
The debt crisis hitting southern Europe may present the US dollar with an opportunity to strengthen, but that does not mean its time to sell Gold Investments.
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