Welcome to the Traders Laboratory.

Trading and the Markets General trading forum. Anything related to trading and the markets goes here.

Reply
Old 12-22-2011, 02:40 AM   #1

Join Date: Dec 2011
Posts: 8
Ignore this user

Thanks: 0
Thanked 0 Times in 0 Posts

Commodity Tips

Gold prices rose Wednesday, as investors ditched the metal's traditional hedge, the dollar, and set out in search for riskier assets, including stocks, currencies and precious metals.

Silver has been unable to go upside and cross 57500-58500 in last few week, and we have seen big fall. It made a base of 52160 but some short covering resulted in it closing at 53458. Now in this week, we may consider resistance at 56500-57000, downside support exit at 53200-52500, break and trade below, it will further downside target at 50000-495000-48500. Close above 58500, it will show real move but chances are very remote.
pawancarrot is offline  
Reply With Quote
Old 12-29-2011, 03:11 AM   #2

Join Date: Dec 2011
Posts: 8
Ignore this user

Thanks: 0
Thanked 0 Times in 0 Posts

Re: Commodity Tips

February contract was trading at Rs 27646.00 down Rs 4, or 0.01%. It touched an intraday high of Rs 27654.00 and an intraday low of Rs 27605.00.

Crude oil futures rose above USD100-a-barrel in thin year-end trading volumes on Tuesday, as market sentiment improved after data showed U.S. consumer confidence rose to an eight-month high in December.

In Silver sell off continued at higher levels. Last week it was unable to cross 54000 and made a low of 52544, which indicates small trading range and traders are not comfortable in either side. Strength of rupee will decide the trend of this commodity.
pawancarrot is offline  
Reply With Quote
Old 01-03-2012, 03:30 AM   #3

Join Date: Dec 2011
Posts: 8
Ignore this user

Thanks: 0
Thanked 0 Times in 0 Posts

Re: Commodity Tips

January contract was trading at Rs 21878.00 up Rs 39.00, or 0.17%. It touched an intraday high of Rs 21893.00 and an intraday low of Rs 21803.00.
MCX GOLDGUINEA March contract was trading at Rs 22249.00 up Rs 39.00, or 0.17%. It touched an intraday high of Rs 22299.00 and an intraday low of Rs 22210.00.
pawancarrot is offline  
Reply With Quote

Reply

Thread Tools
Display Modes Help Others By Rating This Thread
Help Others By Rating This Thread:

Similar Threads
Thread Thread Starter Forum Replies Last Post
Intraday Trading Tips for Commodity Market vishal23 Day Trading and Scalping 2 12-22-2011 12:52 AM
World Commodity Map ? bvb Beginners Forum 0 01-09-2011 02:57 PM
Commodity Long Term Prices dla133 Trading and the Markets 2 05-02-2010 07:59 PM
Viewpoints of a Commodity Trader wsam29 Books 5 01-25-2007 05:10 PM

All times are GMT -4. The time now is 07:12 AM.
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
CS to VB integration by DeskLancer
2006-2011 Traders Laboratory, All Rights Reserved.