GOLD
Friday, 28 February 2014
CNBC AWAAZ EVENING 28 FEB 2014
Natural Gas
NG below 280 is weak , one can go for a sell but downside is limited , can go to 272 levels if seen there then book profit and then can for a long side. Play with strict Sl
Crude Oil
Can go till 6380 but resistance at 6400 .One can go for pair trade
BUY CRUDE & SHORT NG
Gold
we can see 1320 levels soon in 2-3 days , Below 30000 can go till 29800
COPPER
It is still bearish , very soon in the next contract we can see 435 levels
intraday sl of 450 and long term sl 453 , wait will get 435 very soon
NICKEL
Short in the next contract around 905 with sl 918 target is 875 very soon
Source: CNBC AWAAZ
NG below 280 is weak , one can go for a sell but downside is limited , can go to 272 levels if seen there then book profit and then can for a long side. Play with strict Sl
Crude Oil
Can go till 6380 but resistance at 6400 .One can go for pair trade
BUY CRUDE & SHORT NG
Gold
we can see 1320 levels soon in 2-3 days , Below 30000 can go till 29800
COPPER
It is still bearish , very soon in the next contract we can see 435 levels
intraday sl of 450 and long term sl 453 , wait will get 435 very soon
NICKEL
Short in the next contract around 905 with sl 918 target is 875 very soon
Source: CNBC AWAAZ
CNBC AWAAZ VIEW 28 FEB 2014
A guest on CNBC AWAAZ suggests following :
NATURAL GAS
Ng has been very volatile these days but has come under pressure .But overall now to sell at current levels would be risky , however on dips one can
BUY NG around 270 levels for target of 286 in the coming sessions.
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CRUDE OIL
There are no supply concerns. Also the prices are not able to sustain above 103 $. So we can see some more pressure in the coming days. One can sell on rise and we can see the prices drifting down to 98 $ in the coming days.Sell on bounce is suggested.
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GOLD & SILVER
Now there was a rumour in the market few days back that gold is gaining its position of safe heaven, due to various economic concerns.Economic concerns were in the news due to Bad data from US. But one has to understand that the bad numbers were due to bad weather conditions because of which many things were closed or had slower down. But now the weather is improving , so we can see the data also improving which in turn will strengthen the economy. So we might witness some pressure on the bullions in the coming days. Unless and until any worst news hits the economy, we can see. pressure in the coming days
NATURAL GAS
Ng has been very volatile these days but has come under pressure .But overall now to sell at current levels would be risky , however on dips one can
BUY NG around 270 levels for target of 286 in the coming sessions.
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CRUDE OIL
There are no supply concerns. Also the prices are not able to sustain above 103 $. So we can see some more pressure in the coming days. One can sell on rise and we can see the prices drifting down to 98 $ in the coming days.Sell on bounce is suggested.
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GOLD & SILVER
Now there was a rumour in the market few days back that gold is gaining its position of safe heaven, due to various economic concerns.Economic concerns were in the news due to Bad data from US. But one has to understand that the bad numbers were due to bad weather conditions because of which many things were closed or had slower down. But now the weather is improving , so we can see the data also improving which in turn will strengthen the economy. So we might witness some pressure on the bullions in the coming days. Unless and until any worst news hits the economy, we can see. pressure in the coming days
Thursday, 27 February 2014
MCX CLOSING PRICES 27 FEB 2014
At the time of MCX closing , following were the international prices 11:58 pm
Gold : 1332.60 $ 30089
Silver : 21.348 $ 46505
Crude Oil : 102.14 $ 6348
Copper : 3.200 $ 443.10
Natural Gas 4.559 $ 283.20
Gold : 1332.60 $ 30089
Silver : 21.348 $ 46505
Crude Oil : 102.14 $ 6348
Copper : 3.200 $ 443.10
Natural Gas 4.559 $ 283.20
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