Commodities Daily Technical Report
Thursday | October 20, 2011
Content
Morning Technical Levels
Strategy/Recommendations
Pasam Samson – Sr. Technical Analyst
samsonp@angelbroking.com
(022) 2921 2000 Extn. 6129
Angel Commodities Broking Pvt. Ltd.
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Commodities Daily Technical Report
Thursday | October 20, 2011
Morning Technical Levels for Metals and Energy
Commodity Exchange Contract Trend S2 S1 LTP R1 R2
Bullions
Gold MCX Dec Down 26,246 26,352 26,458 26,627 26,796
Spot Gold Down 1611 1624 1642.15 1649 1658
Silver MCX Dec Down 51,310 51,770 52,228 52,570 53,028
Spot Silver Down 30.80 31.56 32.03 32.80 33.55
Base Metals
LME Copper Down 6974 7077 7180 7275 7376
Copper MCX Nov Down 347 351.25 355.55 359.40 363.70
Zinc MCX Oct Down 88.30 89.10 89.85 90.50 91.30
Lead MCX Oct Down 88.80 90.25 91.70 92.85 94.30
Aluminium MCX Oct Down 105.50 106.10 106.75 107.25 107.90
Nickel MCX Oct Down 901 910.80 920.50 928 938
Energy
Crude MCX Nov Down 4,297 4,327 4,357 4,371 4,401
Crude NYMEX Dec Down 83.65 84.95 86.21 87.30 88.60
Natural Gas MCX Oct Sideways 175.80 177.60 179.40 180.30 182
Recommendations
Gold MCX December Contract Zinc MCX October Contract
Intraday Strategy: Sell MCX Gold December between 26500-26540, Intraday Strategy: Sell MCX Zinc October between 90.20-90.40, SL-
SL-26655, Target -26255. 91.45, Target -88.40
Silver MCX December Contract
Crude MCX November Contract
Intraday Strategy: Sell MCX Silver December between 52400- Intraday Strategy: Sell MCX Crude November between 4370-4380,
52450, SL-53055, Target -51420 SL- 4416, Target -4298.
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