Morning Report for June 23, 2011

Morning Report
Commodity		Opinion		Target	Stop Loss
Gold		Buying around 1545		1556-1564	Below 1537
Silver		Selling around 36.35		35-34.35-33.90	Above 37
Crude Oil		Selling around 95		93.20-91.60	Above 95.50

Risk Disclaimer: The information provided reflects the writers' opinions that deemed reliable but is not guaranteed as to accuracy or completeness. FWfutures is not liable for any losses or damages, monetary or otherwise that result. 

First Opinion for June 22

Morning Report
Commodity		Targeting	Opinion		Target	Stop Loss
Gold		1600	Buying around 1537		1549-1556-1564	Below 1522
Crude Oil		87	Selling around 94.30		93-91	Above 95
Silver		26.65	Selling around 36.35		35-34.35-33.90	Above 37

Disclaimer: The information provided reflects the writers' opinions that deemed reliable but is not guaranteed as to accuracy or completeness. FWfutures is not liable for any losses or damages, monetary or otherwise that result. 

Daily Outlook for June 20, 2011

Crude Oil

Our opinion is buying oil with four-hour candle closing above 92.80 targeting 94.50. Stop loss with four-hour closing below 92.50

 

Gold

Our opinion is buying gold around 1532.00 and take profit in stages at 1549.00, 1556.00 and 1564.00 and stop loss with daily closing below 1520.00 might be appropriate this week

 

Silver 

Our opinion is selling silver around 35.85 and take profit in stages at 35.00, 34.35, 33.90 and stop loss with daily closing above 37.40 might be appropriate this week

Buy Crude Oil CMP

Farwest Futures (Dhangadhi): Buy Crude Oil August at CMP SL below $ 100 Target $101.50-$102

No Trade is Recommended

Fwfutures.com (Dhangadhi) Major Markets are on confused move. We strongly recommend to stay aside for few days. If there good opportunities, we will inform you.

Trade Recommendation for June 8, 2011

Gold:

Support: 1537.00, 1532.00, 1523.00, 1519.00, 1513.00
Resistance: 1549.00, 1556.00, 1562.00, 1575.00, 1580.00

Our opinion is, buying gold around 1537.00 gradually targeting 1556.00,1560.00 and 1581.00, while the stop loss is a daily closing below 1523.00 might be appropriate.

Silver:

Support: 36.35, 36.15, 35.65, 35.00, 34.80
Resistance: 37.00, 37.45, 37.75, 38.00, 38.40

Our opinion is, selling silver around 37.00 gradually targeting 35.65, 34.80 and 33.90 , while the stop loss is a daily closing above 38.00 might be appropriate.

Crude Oil:

Support: 98.00, 97.70, 96.60, 96.30, 95.05
Resistance: 99.05, 100.70, 101.05, 101.80, 102.20

Our opinion is selling crude around 99.05, and take profit in stages at 98.00 and 96, 60. Stop loss with daily closing above 100.70 might be appropriate for today

Wait till US DATA

Dhangadhi (www.fwfutures.com) Market is in very narrow range since Asian Session. We recommend to wait till US Job Data, Crude Oil Inventory Report.

Data	Time
Unemployment Claims	6:15 PM NST
Crude Oil Inventory	8:45 PM NST