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COMMODITY

                                                                                                               SEP 03 , 2010

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Perfomance of 02 Sep 2010

 

 

 

DATE

SCRIPT

TREND

REC. PRICE

TGT1

TGT2

TGT3

STOP

LOSS

BOOKDAT

PROFIT/LOSS

REMARK

02/9/2010

COPPER

BUY

358.4

361.5

 

 

356.5

358.3

-100

CLOSE @ 58.3

02/9/2010

GOLD

BUY

19020

19055

19090

 

 

19055

3500

1st TGT ACHIVED

02/9/2010

SILVER

SELL

31130

30990

30840

 

31398

30990

4200

1st TGT ACHIVED

02/9/2010

GOLD

SELL

19055

19025

19002

 

 

19025

3000

1st TGT ACHIVED

 

Technical Levels for 03 SEP , 2010

 

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Symbol

Expiry

RES 1

RES 2

RES 3

Pivot Level

Support 1

Support 2

Support 3

Trading Signal

GOLD

5-Oct-10

19086.67

19130.33

19172.67

19044.33

19000.67

18958.33

18914.67

Sell Signal

SILVER

4-Dec-10

31234.00

31412.00

31669.00

30977.00

30799.00

30542.00

30364.00

Buy Signal

LEAD

30-Sep-10

101.38

102.47

103.53

100.32

99.23

98.17

97.08

Sell Signal

COPPER

30-Nov-10

360.22

362.18

363.97

358.43

356.47

354.68

352.72

Sell Signal

NICKEL

30-Sep-10

1025.67

1034.83

1050.07

1010.43

1001.27

986.03

976.87

Buy Signal

CRUDEOIL

20-Sep-10

3514.33

3537.67

3576.33

3475.67

3452.33

3413.67

3390.33

Buy Signal

ZINC

30-Sep-10

101.97

103.18

104.17

100.98

99.77

98.78

97.57

Sell Signal

NATURALGAS

27-Sep-10

181.10

184.30

187.70

177.70

174.50

171.10

167.90

Buy Signal

MENTHAOIL

30-Sep-10

787.47

793.33

797.37

783.43

777.57

773.53

767.67

Sell Signal

ALUMINIUM

30-Sep-10

100.50

101.25

102.45

99.30

98.55

97.35

96.60

Buy Signal

REFSOYOIL

20-Sep-10

483.33

486.07

487.73

481.67

478.93

477.27

474.53

Sell Signal

 

 

 

 

 

 



 

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COMEX GOLD (DEC): A crossover down in the daily stochastics is a bearish signal. Momentum studies are trending lower from high levels which should accelerate a move lower on a break below the 1st swing support. The market's short-term trend is positive on the close above the 9-day moving average. The downside closing price reversal on the daily chart is somewhat negative. The market's close below the pivot swing number is a mildly negative setup. The next downside target is 1235.8. The market is becoming somewhat overbought now that the RSI is over 70. The next area of resistance is around 1252.3 and 1260.7, while 1st support hits today at 1239.9 and below there at 1235.8.

.

 

 

COMEX SILVER (DEC): Momentum studies are trending higher but have entered overbought levels. The close above the 9-day moving average is a positive short-term indicator for trend. The daily closing price reversal down is a negative indicator for prices. The market has a slightly positive tilt with the close over the swing pivot. The next upside target is 1961.8. With a reading over 70, the 9-day RSI is approaching overbought levels. The next area of resistance is around 1948.7 and 1961.8, while 1st support hits today at 1927.3 and below there at 1918.9.

 

 

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