DAILY COMMODITY TECHNICAL TRACKER

January 09,2012 Bullions, Metals& Energy

Commentary Gold is trading now above 7 and 21 SDMAs . If gold sustains above I then we may expext upawrd move upto the level of 28000 where it may face resistance if get suceed in breaking it may go again to the levels of 28700-28900.But it has also resistance of fibbonaci 50% retracement at the level of 28000. So It is more likely to get correct arround level of 28000. TECHNICALS FOR THE DAY MCX EXCHANGE COMMODITY GOLD CONTRACT FEB RSI MACD ST VOL OI $ # $ $ $ 48.14 N 55677 12270 S3 27330
Write us at:

Commentary
Silver is trading below 7 & 21 SDMAs for last two weeks and also made a double bottom formation recently at the level arround 48500 which is sign of positive reversal and can go upto the level of 55000 in near term .In recent week it is trading in the range of fibbonaci retracements of 50% and 38.2% that is rate level between 51900 to 52850.If 51800 breaks again it is expected to go downward up to 49000.

TREND #

TECHNICALS FOR THE DAY EXCHANGE MCX COMMODITY SIVER CONTRACT MAR RSI MACD ST VOL OI $ # $ $ # 42.41 N 82734 18143 S3 50148 S2 50848 S1 51358 R1 52568 R2 53268

TREND #

S2 27491

S1 27623

R1 27916

R2 28077

R3 28209

R3 53778

research@rmoneyindia.com, shailendra.vashistha@rmoneyindia.com, naresh.sharma@rmoneyindia.com,akhilesh.upadhayay@rmoneyindia.com

DAILY COMMODITY TECHNICAL TRACKER

January 09,2012 Bullions, Metals& Energy

Commentary
Crude was in overall uptrend which is cleared by upward trendline channel .Recently it has crossed its double topformation hurdle. As supply concerns from Iran it is expected to go more upside. It may face some resistance at the level of 5500 and two days Doji formation is showing some signs of reversal . On can trade sell arround 5500 for a correction of 100-150 points and can again buy arround 5250-30 for a upmove again.

Commentary Copper has recently completed its doublel top formation and it was trading near upper band in bolinger bands, but now it has crossed its 21 and 7 DEMAs and is expected to trade near its lower band . So it is expected to go in downtrend and I recommend to sell on every rally with sl of 415 in upside for targets of 390-385. TECHNICALS FOR THE DAY MCX EXCHANGE COPPER COMMODITY FEB CONTRACT RSI MACD ST VOL OI $ $ $ $ $ 49.91 P 121208 25354 S3 393.9 S2 396.3 S1 399.3 R1 404.6 R2 407.0

TECHNICALS FOR THE DAY MCX EXCHANGE COMMODITY CRUDE JAN CONTRACT RSI MACD ST VOL OI $ $ $ # $ 57.69 P 212281 23647

TREND $1

TREND $

S3 S2 S1 R1 R2 R3 5190.3 5257.7 5301.3 5412.3 5479.7 5523.3

Write us at:

R3 410.0

research@rmoneyindia.com, shailendra.vashistha@rmoneyindia.com, naresh.sharma@rmoneyindia.com,akhilesh.upadhayay@rmoneyindia.com

Prep. By: Shailendra Vashishth shailendra.vashistha@rmoneyindia.com

Disclaimer: The information and opinions contained in the document have been compiled from sources believed to be reliable. The company does not warrant its accuracy,completeness and correctness. This analysis is based on historical price movements & there is risk of loss in trading.This document is not, and should not be onstrued as, an offer to sell or solicitation to buy any commodities. Always trade with strict stop loss. This document may not be reproduced, distributed or published, in whole or in part, by any recipient hereof for any purpose without prior permission from "Raghunandan Money". Your feedback is appreciated on research@rmoneyindia.com