Sunday, 10 June 2012

MCX Commodities levels 11thjune2012

Legend
Commodity Buy Above/Sell Below

Silver 56387/52765
Breakouts till 56000levels, were eroded in a day, leading to high volatility in prices. Average Volatility is at Rs.950

Lead 108.95/103.35
Sloss will be Rs 1.3 either side. Trgts 1.6Rs either side.

Zinc   106.9/102.9
sloss will be Rs.1.1 either side. Trgts 1.4rs either side.

Crudeoil 5098/4522
Average volatility and range has increased greatly over the past 12 days. Intraday movements of Rs.90 being the average of past 10 days. Ideally, closer to 4550-4580, it can be brought, with sloss at 4522. Below which we will go short.

NaturaGas 144.1/124.5
Sloss will be rs.6 either side of breakouts. Trgts 7.2rs either side.

Cardmom June 1360/1161
Sloss will be Rs55 either side of breakouts. Trgts Rs.66 either side
Has been in downtrend since 1280 levels. Might have taken a breather. Track spot prices closely, posted on MCX twice daily.

Aluminium 112.45/106.55
Sloss will be Rs.1.10 either side of the breakouts. Trgts: 1.40Rs either side

Menthajune: 1441/1156.9
the volatility is too high even in intraday, as well as it is corrupting the trends. Best to ignore menthaoil completely for trading or positions.

CPO:593.7/538.7
The trend has been down since 568 levels. The bigwigs of the industry have openly spoken about possible corrections going forward in edible oil prices. pressure to be on CPO

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