Buy Gold on Dips

Gold! Buy Gold

Buy gold around 1320-1335

Target: 1400-1500

Its Buy Call Today, from my Side

Today: Its Buy call from my side.
Copper: Heading toward $ 400
Silver: Heading toward $ 30
Gold: Heading toward $ 1400
Crude Oil: Heading toward $ 90-100

Risky Trader my buy Gold around 1380 for 1390-1400

Us Data came Negative. Jobless claim rose by Initial Jobless Claims in U.S. Rose 13,000 Last Week to 462,000.

Psychological support for Gold, and Gold may test 1400. Risky trader may buy gold around 1380 for 1390-1400

Happy Trading

Buy Call for Copper

Copper turned 180 Degree. Yester we predicted that if copper broke the upper range it will test for 4.0 -4.28. It is not too late to take long position on copper. Now we close Sell Call & Open buy Call

Is copper going back to home?

Normally copper go with gold. Today, copper is in struggle of opening range. Neither it has broke the upper range nor broke the lower range while gold has topped sessions high of $ 1374.

So its final call from commoditynp.blogspot.com for copper selling. Remember, if copper breaks the upper range it will touch 3.90 otherwise it may go back to home till 3.48

Happy trading!

Copper Sell is Open from Ourside

Copper Sell is open form commoditynpb.blogspot.com. Before place your order please considers today's US Session. If us session break up yesterday's high, then wait for while otherwise us session will remain under yesterday's high.

In this scenario short for the copper will be beneficial. Copper may test 3.62-3.48! Happy Trading

Buy Call for Gold, Silver, Crude Oil & Copper

Buy gold(Dec) around $1344 for $1354 N $1358 stop loss below $1336 CMP $1346.95

Silver Dec: Buy silver around $23.00 for $23.10 N $23.20 stop loss below $22.85 CMP$22.99

Crude oil Nov.. Buy crude around $81.40 stop loss below $80.30 for $82.65 N $83.05 CMP $81.42

Copper Dec: Buy copper above $374.00 for $377.00 N $379.00 stop loss below $372.00 CMP$. 373.89

Copper Indicating Short for a While

After a long rally now copper is indicating for some pull back. If gold remains in the present scenario 1330-1366, copper may test 3.62 and If gold fails to hold above 1330, copper may test 3.48. Selling near by 3.78 - 3.75 is safer.
Click on Image to Enlarge

Crude Oil: Buying Signal

Since long time crude is not getting push up. Wait till Monday-Tuesday, how market will react.  Indicators are guiding to buy crude oil. But what do I suggest is buying near by $78-80 is more safer. If gold break the latest high, then buying near by $ 85 may be second option.

Click on Image to enlarge

Gold Chart! No Technical Clue for Selling

Gold is getting good support on 13 day's moving average. In some cases, its getting support at 21 days moving average. Its seems gold is in extreme bullish. As per technical trading it may test $1300. If it couldn't hold over there gold's next target will be 1250. Buying in between $ 1250 - $ 1300 is less risky. Over all indicators are guiding gold toward $ 1400.
Click on Image to Enlarge

Market Matching with Us Job Data

Gold: Bounce Back ^

Silver: Bounce Back ^

Copper: Bounce Back ^

Crude: Bounce Back ^ (But not clear technical clue for such rising – my comment: wait n see)

Wait for Us Job Data till 12:30 GMT before enter or exit from market

Oil prices slipped below $ 81 a barrel Friday in Asia as investors looked to a key monthly jobs report for clues about the strength of the U.S. economy.

Buyer & Sell both wait till 12:30 GMT

Comments:

Positive News: Support for Crude

Negative News : Support for Gold

Copper Selling ~ Wait for a While

Are you planning to be short on Copper? Wait for a while. There is not technical clue till now, for further have read the following chart:
Click on Image to Enlarge

It seemed sell call for Copper n Silver

It seemed sell call of Silver & Copper

Rest let see what does market do?

Visit this blog time to time for the latest alerts

Today’s Comment for Gold, Silver & Crude 3:14 AM GMT

Gold: Short for a while ($1310-1300-1280)

Silver: Short for a while ($21-20)

Crude: Short for a while ($80-78)

Visit this blog time to time for latest comments, updates and calls

Sell Gold: Sell Call

Sell Gold: around $1357-1358

Target: $ 1352-1338

Visit this blog time to time for the latest buy sell call

Buy Crude Oil 1:40 PM GMT

Buy Crude: around $ 83.60- 84.0

Target: $ 84.60-87

Visit this blog time to time for the latest buy sell call

Today’s Technical Outlook

METALS:

December gold futures closed up $5.90 at $1,346.20 today. Prices today closed near mid-range and hit another fresh contract and all-time record high. A weaker U.S. dollar index and strong investor demand continue to boost the gold market bulls. While gold bulls still have the solid overall near-term technical advantage and there are still no significant early technical clues that a market top is close at hand, the market is now a bit over-extended on a near-term basis and due for a corrective pullback soon. Prices are still in a nine-week-old uptrend on the daily bar chart. Bulls' next near-term upside technical objective is to produce a close above psychological resistance at $1,375.00. Bears' next near-term downside price objective is closing prices below solid technical support at this week's low of $1,313.30. First resistance is seen at today's all-time high of $1,351.00 and then at $1,360.00. Support is seen at today's low of $1,340.00 and then at $1,330.00.

December silver futures closed up 32.3 cents at $23.06 an ounce today. Prices closed near the session high today and hit another fresh 30-year high. The key "outside markets" were in a mostly bullish posture for silver today as the U.S. dollar index was lower and crude oil prices were higher. Silver bulls still have the solid near-term technical advantage. While there are still no early clues that a market top is close at hand, the market is overdone on the upside on a short-term technical basis and due for a corrective pullback soon. Prices are in a steep six-week-old uptrend on the daily bar chart. The next downside price objective for the bears is closing prices below solid technical support at this week's low of $21.81. Bulls' next upside price objective is producing a close above psychological resistance at $24.00 an ounce. First resistance is seen at today's high of $23.09 and then at $23.25. Next support is seen at today's low of $22.76 and then at $22.50.

December N.Y. copper closed up 280 points at 375.45 cents today. Prices closed near mid-range today and hit another fresh two-plus year high. The key "outside markets" were in a mostly bullish posture for copper today as the U.S. dollar index was lower and crude oil prices were higher. The copper bulls still have the solid overall near-term technical advantage. Prices are in a four-month-old uptrend on the daily bar chart. Bulls' next upside objective is pushing and closing prices above solid technical resistance at 385.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 350.00 cents. First resistance is seen at today's high of 378.95 cents and then at 380.00 cents. First support is seen at today's low of 372.30 cents and then at 370.00 cents.

*. ENERGIES:

November crude oil closed up $0.41 at $83.23 a barrel today. Prices closed near mid-range today and hit a fresh nearly five-month high. Bulls have the solid near-term technical advantage in crude. Prices are in an accelerating six-week-old uptrend on the daily bar chart. The next near-term upside price objective for the bulls is producing a close above solid technical resistance at $86.00 a barrel. The next near-term downside price objective for the crude oil bears is to produce a close below solid technical support at the September high of $78.86. First resistance is seen at today's high of $84.09 and then at $84.50. First support is seen at $82.50 and then at $82.00.

November natural gas closed down 6.8 cents at $3.729 today. Prices closed near mid-range today and hit a fresh contract low. The bears have the solid overall near-term technical advantage and have gained more downside power recently. The next upside price objective for the bulls is closing prices above solid technical resistance at $4.00. The next downside price objective for the bears is closing prices below solid technical support at $3.50. First resistance is seen at today's high of $3.788 and then at $3.90. First support is seen at today's contract low of $3.686 and then at $3.60.

Sell Copper 10:38 GMT

Sell Copper around $370-369

Target: $ 365-356

Visit this blog regularly for the latest updates.

Buy Crude 7:56 AM GMT

Buy Crude around $ 81.50

Target: $ 82.10-82.60

Stop Loss: Below$ 81.10

Visit this blog regularly for the latest updates

Today’s Technical Outlook for Gold, Silver, Copper, Crude Oil, Natural Gas, Heating Oil 12:55 AM ET

METALS:

December gold futures closed down $1.30 at $1,316.50 today. Prices today closed near mid-range and did some consolidation after scoring another fresh record high on Friday. Mild profit-taking pressure was featured amid a firmer U.S. dollar index today. Gold bulls still have the solid overall near-term technical advantage. There are no early technical clues that a market top is close at hand. Prices are in a nine-week-old uptrend on the daily bar chart. Bulls' next near-term upside technical objective is to produce a close above psychological resistance at $1,350.00. Bears' next near- term downside price objective is closing prices below solid technical support at $1,300.00. First resistance is seen at Friday's all-time high of $1,322.00 and then at $1,325.00. Support is seen at today's low of $1,313.40 and then at $1,307.30.

 

December silver futures closed down 2.5 cents at $22.035 an ounce today. Prices closed near mid-range today and did hit another fresh 30-year high early on. Mild profit- taking pressure was seen today, amid a firmer U.S. dollar index. Silver bulls still have the solid near-term technical advantage. There are no early clues that a market top is close at hand. Prices are in a steep six- week-old uptrend on the daily bar chart. The next downside price objective for the bears is closing prices below solid technical support at $21.50. Bulls' next upside price objective is producing a close above solid technical resistance at $22.50 an ounce. First resistance is seen at today's high of $22.235 and then at $22.30. Next support is seen at today's low of $21.90 and then at $21.725.

 

December N.Y. copper closed down 290 points at 366.15 cents today. Prices closed near the session low today. A firmer U.S. dollar limited buying interest and prompted some profit-taking pressure in copper today. The copper bulls still have the solid overall near-term technical advantage. Prices are in a four-month-old uptrend on the daily bar chart. Bulls' next upside objective is pushing and closing prices above solid technical resistance at 380.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 350.00 cents. First resistance is seen at 370.00 cents and then at Friday's contract high of 372.20 cents. First support is seen at 365.00 cents and then at 362.00 cents.

 

*. ENERGIES:

November crude oil closed up $0.03 at $81.61 a barrel today. Prices closed near mid-range today and hit a fresh two-month high. Bulls still have the near- term technical advantage in crude and have good upside near-term technical momentum. Prices are in a six-week- old uptrend on the daily bar chart. The next near-term upside price objective for the bulls is producing a close above solid technical resistance at the August high of $83.91 a barrel. The next near-term downside price objective for the crude oil bears is to produce a close below solid technical support at the September high of $78.86. First resistance is seen at $82.00 and then at today's high of $82.38. First support is seen at $81.00 and then at today's low of $80.77..

 

November natural gas closed down 6.8 cents at $3.729 today. Prices closed near mid-range today and hit a fresh contract low. The bears have the solid overall near-term technical advantage and have gained more downside power recently. The next upside price objective for the bulls is closing prices above solid technical resistance at $4.00. The next downside price objective for the bears is closing prices below solid technical support at $3.50. First resistance is seen at today's high of $3.788 and then at $3.90. First support is seen at today's contract low of $3.686 and then at $3.60.

Copper Buyers Wait 11:33 ET

Most of the people thinking that copper is cheap and need to buy,,,,,yes it is true that it is cheaper than yesterday but its technical movement through out the day suggests it can fall further. The long red candle in hourly trade suggests that it is now moving below the 9 days moving average,,,,,,,,until and unless it crosses 9 days moving price , price cannot break 370$ ........so we don't suggest you to buy copper...

Even if rises don't worry we have chance of sell,,,,,,,,,,,,,,,,,anyway make profit

Market Topping Out

ALL commodities price are are topping out it recent highs. All price are below pivot points now on today's trading range.

There are can be two cases either market is taking profit and will gain further from tomorrow or it is the first day of down fall and it has not show real downward movement ,,,,,,,,,,which is the true ?

We believe that it depends on currency value,

Buy traders need to justify themselves the correct buy price !!! If you want to buy why buy when market is falling once,,,,,,,,,look at the ground of movement......

Sell Coffee 3:17 PM NST

Sell coffee around: $ 180.50-181

Target: $178-175

Visit this blog regularly for the latest updates

Sell Crude: 1:27 PM NST

Sell Crude around $ 81.50-81.30

Target: $ 80.50-79.60

Latest Outlook for 10/1/2010

India's HSBC PMI index slowed in Sept with compare to August, economic activities in India is growing slowly but speed has calm down than before. In case of China, China government PMI index has rose than before this news support commodity prices higher this morning..

 

Germain Retails Sales has come negative , which may push to sustain Dollar.

 

Todaynight from 6:15pm to 7:45 pm lots of US reports which will be released,, overall positive data from US regions will create buying pressure for USD which may trigger down the price of Gold and Silver. Copper and OIL will have pressure with expensive Dollar.........On the other hand, positive data will help demand for OIL and support for rise of Copper.

 

But our sentiment is that due to Friday and end of month profit booking pressure will be there if not it need to assume that they are holding for next month activities too

Technical Outlook of Gold, Silver, Copper, Crude Oil, Natural Gas, Heating Oil for 10/1/2010

*. METALS:

December gold futures closed down $3.50 at $1,306.80 today. Prices today closed near mid-range after scoring another fresh record high. Profit-taking pressure and end-of-the-month and end-of-the-quarter book-squaring were featured today. Price action today did score a mildly bearish "outside day" down on the daily bar chart, whereby the high was higher and the low was lower than the previous session's trading range, with a lower close. If there is solid follow-through selling pressure on Friday, then a bearish "key reversal" down could be confirmed, which would be one early technical clue that a near-term market top is in place. A firmer U.S. dollar index also limited buying interest in gold today. Gold bulls have the solid overall near-term technical advantage. Prices are in a two-month-old uptrend on the daily bar chart. Bulls' next near-term upside technical objective is to produce a close above psychological resistance at $1,325.00. Bears' next near-term downside price objective is closing prices below solid technical support at this week's low of $1,276.20. First resistance is seen at today's all-time high of $1,317.50 and then at $1,320.00. Support is seen at $1,300.00 and then at today's low of $1,297.00.

 

December silver futures closed down 22.2 cents at $21.73 an ounce today. Prices closed nearer the session low after scoring another fresh 30-year high early on. Profit-taking pressure and end-of-the-month and end-of-the-quarter book-squaring were also featured in silver today. Price action today did score a mildly bearish "outside day" down on the daily bar chart, whereby the high was higher and the low was lower than the previous session's trading range, with a lower close. If there is solid follow-through selling pressure on Friday, then a bearish "key reversal" down could be confirmed, which would be one early technical clue that a near-term market top is in place. A firmer U.S. dollar index also limited buying interest in silver today. Silver bulls still have the solid near-term technical advantage. Prices are in a steep five-week-old uptrend on the daily bar chart. The next downside price objective for the bears is closing prices below solid technical support at $21.00. Bulls' next upside price objective is producing a close above solid technical resistance at $22.50 an ounce. First resistance is seen at $22.00 and then at today's high of $22.125. Next support is seen at today's low of $21.565 and then at $21.50.

 

December N.Y. copper closed down 65 points at 365.50 cents today. Prices closed nearer the session high today. A firmer U.S. dollar limited buying interest in copper today. The copper bulls still have the solid overall near-term technical advantage. Prices are in a four- month-old uptrend on the daily bar chart. Bulls' next upside objective is pushing and closing prices above solid technical resistance at 375.00 cents. The next downside price objective for the bears is closing prices below solid technical support at 350.00 cents. First resistance is seen at Wednesday's contract high of 367.35 cents and then at 370.00 cents. First support is seen at today's low of 362.00 cents and then at 360.00 cents.

 

*. ENERGIES:

November crude oil closed up $2.15 at $80.03 a barrel today. Prices closed nearer the session high today, hit a fresh seven-week high and closed at a bullish monthly high close. Bulls have the near-term technical advantage in crude. Prices are in a five-week- old uptrend on the daily bar chart. The next near-term upside price objective for the bulls is producing a close above solid technical resistance at the August high of $83.91 a barrel. The next near-term downside price objective for the crude oil bears is to produce a close below solid technical support at $75.00. First resistance is seen at today's high of $80.18 and then at $80.50. First support is seen at $79.50 and then at $79.00.

 

November heating oil closed up 582 points at $2.2695 today. Prices closed near the session high today and hit a fresh 4.5-month high. Prices also closed at a bullish monthly and quarterly high close. Bulls have the solid near-term technical advantage and gained more power today. Prices are in a five-week-old uptrend on the daily bar chart. The bulls' next upside price objective is closing prices above solid technical resistance at $2.3500. Bears' next downside price objective is producing a close below solid technical support at $2.1750. First resistance lies at today's high of $2.2707 and then at $2.3000. First support is seen at $2.2500 and then at $2.2250.

 

November natural gas closed down 9.2 cents at $3.87 today. Prices closed near the session low today, scored a bearish "outside day" down on the daily bar chart, hit a fresh contract low and closed at a bearish monthly and quarterly low close. A bearish weekly gas storage report fueled the sellers today. The bears have the solid overall near-term technical advantage and gained more downside power today. The next upside price objective for the bulls is closing prices above solid technical resistance at $4.20. The next downside price objective for the bears is closing prices below solid technical support at $3.65. First resistance is seen at today's high of $4.012 and then at $4.10. First support is seen at today's contract low of $3.78 and then at $3.75.