Buy SilverM Feb

Buy SilverM Feb above 58700 SL below 58400 T1 59000 T2 59300

Trading levels for silver

TRADING LEVELS FOR MORNING SESSION
MCX MARCH SILVER

S1 RS 56650 , S2 RS 55900 , S3 RS 55100


R1 RS 57700 , R2 RS 58300 , R3 RS 58750

TRADING LEVELS FOR MORNING SESSION

THURSDAY

TRADING LEVELS FOR MORNING SESSION
MCX APRIL GOLD
S1 RS 28450 , S2 RS 28340 , S3 RS 28210
R1 RS 28760 , R2 RS 28880 , R3 RS 28960

MARKET UPDATE

FEB 23: GOLD$1775 HIGH LAST NIGHT $1781..BREAK OUT ON WEEKLY CLOSE ABOVE$1780-85, MCX RES 28800 SUPP 28500/SILVER$34.32 HIGH LAST NIGHT $34.50 ..NEXT BREAK OUT CLOSE ABV $34.50 MCX RES STRONG ABV 58000,CURRENT SUPP 56500 LTP 57250/CRUDE$105.80 MCX RES 5280-5310 SUPP 5220-5180 OPENS FLAT/COPPER OPENS FLAT RES 418.50 SUPP 413/US DOLLAR INDEX 79.20/

SELL SILVER @ 57122

SELL SILVER @ 57122 -57150 SL 57500 TGT updated later

TRADING LEVELS FOR MORNING SESSION GOLD AND SILVERTRADING LEVELS FOR MORNING SESSION

WEDNESDAY 22/2/12

TRADING LEVELS FOR MORNING SESSION
MCX APRIL GOLD
S1 RS 28250 , S2 RS 28110 , S3 RS 27980
R1 RS 28450 , R2 RS 28550 , R3 RS 28670


MCX MARCH SILVER
S1 RS 56400 , S2 RS 55800 , S3 RS 55130
R1 RS 57800 , R2 RS 55400 , R3 RS 58980

METAL UPDATES 22/2/12

GOLD $1755 BUY CALL GOLDM LAST EVEING RUNNING FOR TGT 28230/ SILVER$34.22 T2 ACH LAST NIGHT AT 57100 HIGH 57250, SUPP NOW 56500 RES 57500-57850/CRUDE T1 ACH LAST NIGHT AT 5230 HIGH 5240 BUYS AT 5200 CRUDE CMP $105.79 LAST NIGHT HIGH $106.20/COPPER OPENS FLAT SUPP 412 RES 418-421/

Silver in Descending Triangle

Silver in Descending Triangle on Weekly Chart After Reaching Record Last Year

February 20th, 2012

The descending triangle pattern has formed on the weekly chart of silver after the price has attempted to rally several times, but each time it has failed as each successive high was lower than a previous one. This pattern shows a bearish trend. This particular case is interesting because the bearish move has started immediately after silver reach the record last year. The yellow lines show the the borders of the pattern, while the cyan lines are +/-10% off the borders and indicate entry points in case a breakout would occur. The green lines are the target levels and are +/-100% off the borders of the pattern.Click the image to enlarge it to a full-size screenshot

technical chart and pivot levels for today 20/2/12

 

 

Pivot Points (Time Frame: 1 Day)

Name	S3	S2	S1	Pivot	R1	R2	R3
Classic	1695.77	1706.28	1714.67	1725.18	1733.57	1744.08	1752.47
Fibonacci	1706.28	1713.50	1717.96	1725.18	1732.40	1736.86	1744.08
Camarilla	1717.85	1719.59	1721.32	1725.18	1724.78	1726.52	1728.25
Woodie's	-	1705.75	1713.60	1724.65	1732.50	1743.55	-
DeMark's	-	-	1729.38	1723.09	1710.48	-	-

The technical analysis for COMMODITIES February 18th, 2012

February 18th, 2012

The technical analysis, that includes the indicators’ data and major pivot points for Brent Oil, Gold, Silver and Copper as traded on spot market as of February 18th, 2012:

Indicators
	Moving Averages	RSI	Parabolic SAR	CCI
Oil	Long	Overbought	Long	Neutral
Gold	Long	Neutral	Short	Neutral
Silver	Long	Overbought	Long	Long
Copper	Long	Neutral	Short	Short

Floor Pivot Points
	3rd Sup	2nd Sup	1st Sup	Pivot	1st Res	2nd Res	3rd Res
Oil	114.47	115.73	118.10	119.36	121.73	122.99	125.36
Gold	1685.90	1696.80	1715.20	1726.10	1744.50	1755.40	1773.80
Copper	355.65	364.20	373.05	381.60	390.45	399.00	407.85

Woodie’s Pivot Points
	2nd Sup	1st Sup	Pivot	1st Res	2nd Res
Oil	116.01	118.65	119.64	122.28	123.27
Gold	1698.68	1718.95	1727.98	1748.25	1757.28
Copper	364.28	373.20	381.68	390.60	399.08

Camarilla Pivot Points
	4th Sup	3rd Sup	2nd Sup	1st Sup	1st Res	2nd Res	3rd Res	4th Res
Oil	118.46	119.46	119.79	120.13	120.79	121.13	121.46	122.46
Gold	1717.49	1725.54	1728.23	1730.91	1736.29	1738.97	1741.66	1749.72
Copper	372.33	377.12	378.71	380.31	383.50	385.09	386.69	391.47

Fibonacci Retracement Levels
	Oil	Gold	Copper
100.0%	120.63	1737.00	390.15
61.8%	119.24	1725.81	383.50
50.0%	118.82	1722.35	381.45
38.2%	118.39	1718.89	379.40
23.6%	117.86	1714.61	376.86
0.0%	117.00	1707.70	372.75

gold levels

FRIDAY

TRADING LEVELS FOR EVENING SESSION

S1 RS 28050 , S2 RS 27940 , S3 RS 27800


R1 RS 28290 , R2 RS 28410 , R3 RS 28550

gm feb 17: gold $1732,next upmove on close abv $1720/silver$33.56 rebounded sharply after testing supports supp 55800 res 56500-850/crude$102.40 res 5090 supp 5005 ,next positional upmove close abv $104/nat gas sideways/copper weekly strong support 409 res 416-418/leadm zincm alum mild weakness seen/