Money Mantra Commodity Tips
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nenn MONEY MANTRA COMMODITY |
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SEP 03 , 2010 |
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Perfomance of 02 Sep 2010 |
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DATE |
SCRIPT |
TREND |
REC. PRICE |
TGT1 |
TGT2 |
TGT3 |
STOP LOSS |
BOOKDAT |
PROFIT/LOSS |
REMARK |
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02/9/2010 |
COPPER |
BUY |
358.4 |
361.5 |
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356.5 |
358.3 |
-100 |
CLOSE @ 58.3 |
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02/9/2010 |
GOLD |
BUY |
19020 |
19055 |
19090 |
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19055 |
3500 |
1st TGT ACHIVED |
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02/9/2010 |
SILVER |
SELL |
31130 |
30990 |
30840 |
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31398 |
30990 |
4200 |
1st TGT ACHIVED |
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02/9/2010 |
GOLD |
SELL |
19055 |
19025 |
19002 |
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19025 |
3000 |
1st TGT ACHIVED |
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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 |
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GOLD |
5-Oct-10 |
19086.67 |
19130.33 |
19172.67 |
19044.33 |
19000.67 |
18958.33 |
18914.67 |
Sell Signal |
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SILVER |
4-Dec-10 |
31234.00 |
31412.00 |
31669.00 |
30977.00 |
30799.00 |
30542.00 |
30364.00 |
Buy Signal |
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LEAD |
30-Sep-10 |
101.38 |
102.47 |
103.53 |
100.32 |
99.23 |
98.17 |
97.08 |
Sell Signal |
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COPPER |
30-Nov-10 |
360.22 |
362.18 |
363.97 |
358.43 |
356.47 |
354.68 |
352.72 |
Sell Signal |
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NICKEL |
30-Sep-10 |
1025.67 |
1034.83 |
1050.07 |
1010.43 |
1001.27 |
986.03 |
976.87 |
Buy Signal |
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CRUDEOIL |
20-Sep-10 |
3514.33 |
3537.67 |
3576.33 |
3475.67 |
3452.33 |
3413.67 |
3390.33 |
Buy Signal |
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ZINC |
30-Sep-10 |
101.97 |
103.18 |
104.17 |
100.98 |
99.77 |
98.78 |
97.57 |
Sell Signal |
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NATURALGAS |
27-Sep-10 |
181.10 |
184.30 |
187.70 |
177.70 |
174.50 |
171.10 |
167.90 |
Buy Signal |
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MENTHAOIL |
30-Sep-10 |
787.47 |
793.33 |
797.37 |
783.43 |
777.57 |
773.53 |
767.67 |
Sell Signal |
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ALUMINIUM |
30-Sep-10 |
100.50 |
101.25 |
102.45 |
99.30 |
98.55 |
97.35 |
96.60 |
Buy Signal |
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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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Disclaimer:-This report is not for public distribution and is only for private circulation and use. The Report should not be reproduced or redistributed to any other person or person(s) in any form. No action is solicited on the basis of the contents of this report. This material is for the general information of the authorized recipient, and we are not soliciting any action based upon it. This report is not to be considered as an offer to sell or the solicitation of an offer to buy any commodity or commodity derivative in any jurisdiction where such an offer or solicitation would be illegal. It is for the general information for individuals investors in. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. You are advised to independently evaluate the investments and strategies discussed herein and also seek the advice of your financial adviser. Past performance is not a guide for future performance. The value of, and income from investments may vary because of changes in the macro and micro economic conditions. Past performance is not necessarily a guide to future performance. This report is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such. Any opinions expressed here in reflect judgments at this date and are subject to change without notice. Money Mantra (www.moneymantrastock.com) and any/all of its group companies or directors or employees reserves its right to suspend the publication of this Report and are not under any obligation to tell you when opinions or information in this report change. In addition, Money Mantra has no obligation to continue to publish reports on all the commodities currently under its coverage or to notify you in the event it terminates its coverage. Neither Money Mantra nor any of its affiliates, associates, directors or employees shall in any way be responsible for any loss or damage that may arise to any person from any error in the information contained in this report. The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject commodity and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report. No part of this material may be duplicated in any form and/or redistributed without Money Mantra prior written consent. The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. We recommend that investors independently evaluate particular investments and strategies, and encourage investors to seek the advice of a financial adviser. We shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of Multi Commodity Exchange of India Limited or National Commodity & Derivatives Exchange Limited. |








