WEEKLY OUTLOOK FOR MAJOR COMMODITY FUTURE

GOLD COMEX GCZ15

Gold comex traded between 1150 and 1191.30 and finally closed at 1183.10 last week on Firday.  I am still expecting GCZ15 (Dec Gold) should trade above $ 1200-1222 before expiry and Silver above $ 17.40 receptively.

TECHNICALLY

GOLD SUPPORT AT 1169-71 AND RESISTENCE 1187
Gold if break support 1169-71 seems to hit 1150-44 within 1-2 days, where buying is advisable for a target of minimum $ 1200. Also An aggressive short entry can work below 1170 with small stop 1176 for target price 1155.    

SILVER SUPPORT AT 15.55 RESISTENCE 16.22

BUY ON DIP 

CRUDE

Seems to making base to move higher may be above $ 52 within week one or two. Lower support at 45.85 closing.

COPPER

Between range 2.375 to 2.44

Recommended sell one higher ..buy near support.

Happy trading



Rahul Kumar
CTA, HFBC
write me : bestech30@gmail.com

(I am also offering Intraday Trade recommendation through emails in Comex/MCX market with a very nominal cost following very samll stop and highly accurate.)

DAY TRADE LEVEL FOR 16/10/2015

GOLD GCZ15

RESISTANCE 2 : 1202
RESISTANCE 1 : 1194
PIVOT                : 1184
SUPPORT          : 1177
SUPPORT          : 1169

RECOMMENDED SELL AT HIGHER

SILVER SIZ15

RESISTANCE 2 : 16.44
RESISTANCE 1 : 16.22
PIVOT                : 15.96
SUPPORT          : 15.79
SUPPORT          : 15.55

RECOMMENDED SELL AT HIGHER

CRUDE CLX15

CRUDE MAJOR RESISTANCE 47.60 AND SUPPORT 45.85 CLOSING BASE

BUY NEAR SUPPORT OR AGGRESSIVE TRADE ABOVE 47.60 WITH STOP 46.70

COPPER HGZ15

CONTINUE SHORT WITH SL 2.445    

Happy Trading

Rahul Kumar

Bullion Expert, CTA
HFBC

Call me : +91 819-3003-476
write me : bestech30@gmail.com

TRADE LEVEL & VIEW FOR MAJOR COMMODITY FUTURE

GOLD COMEX CLOSE YESTERDAY TRADING @ 1179.80
TRADE RANGE BETWEEN $ 1163 TO 1184.60

SILVER CLOSE YESTERDAY  $ 16.11
TRADE RANGE $ 15.79 TO 16.16

As the both of precious metals close above weekly & monthly resistance, I am expecting more high in near future.  My view for Gold is $ 1200-1222 and Silver $ 17.4-18 before any major downtrend.

INTRA TRADE LEVEL

GOLD (GCZ15)

 RESISTANCE 2 :  1205
 RESISTANCE 1 :  1191
 PIVOT                :  1178
 SUPPORT 1        :  1169
 SUPPORT 2        :  1159 

RECOMMENDED BUY

SILVER (SIZ15)

 RESISTANCE 2 : 16.44
 RESISTANCE 1 : 16.22
 PIVOT                : 15.97
 SUPPORT 1        : 15.77
 SUPPORT 2        : 15.55

RECOMMENDED BUY





CRUDE OIL

Crude oil lower support at 45.85 and first resistance at 47.25

Waiting for inventory numbers. (AGGRESSIVE TRADE MAY BE A GOOD IDEA WITH PROPER STOP)

COPPER

As I wrote in my last report, copper could not move below our support level 2.25 and trading  now 2.42 near our major resistance 2.445. Any trade above this resistance level will open door for 2.52 till that looking for short with proper stop.

Any free entry in my trading room for the period of one week write me bestech30@gmail.com

Intraday trade is very differ from the level given above as I use very small stop with my each trade.

Happy trading

Rahul Kumar
Bullion Expert
CTA
HFBC

+91 819-3003-476