Weekly Report Commodity 04th Oct 2010 to 09th

Posted by Bhupendra Adhav on Tuesday, October 5, 2010

Technical Analysis SILVER

Weekly Pivots                                                                                                        

SCRIPT         R4        R3        R2         R1         P           S1        S2        S3         S4

SILVER       2509     2398      2287   2246     2176      2135    2065     1954     1843   

Weekly Chart



Market Overview

COMEX Silver is in an upward phase. Last week COMEX Silver sustained and closed near to its high of 2206$ an ounce. For the upcoming week 2150$ and 2100$ are the crucial supports and 2250$ and 2300$ is a crucial resistance in COMEX Silver.

Strategy

For the next week traders can use buy on lower level strategy if Silver sustains above the level of 2150$ an ounce, and above 2225$ an ounce it can further go upward. Trade by keeping the proper stop losses.


MCX Tips for Today

Here we daily post MCX Tips for Today for Bullion Commodity Gold Silver, Energy Crude Oil and Natural Gas and Base Metals - Copper, Zinc, Aluminum, Lead and Nickel Tips trend and trading levels for today.
*
*
+91
*
Base Metals
MCX Energy
Bullion - MCX
Agri Tips