Sensex

Thursday, November 19, 2009

[indianstockmarket] Newsletter for Commodity based on Trend - from crnindia.com

 


  COMMODITIES LETTER

                  For 20th November 2009

Commodity letter is prepared on the basis of the technical study of the daily charts. During the analysis, we do not refer to the intraday charts at all.

  • The closing rate of the commodity at the end of the trading day is seen while analyzing the trend of that commodity.
  • All the below mentioned commodities are categorized in four. Metals traded at MCX , Commodities traded at NCDEX, Commodities traded at  MCX and Metals traded in Comex. 
  • We are mentioning the most active futures and the next month futures for most of the commodities


                Find below the technical levels for the Metal Commodities traded at MCX.

Commodity Name  Month Expiry Date  Position TREND Rate Changed at Trend Changed Reversal
Copper November 30/11/2009 Long Up 314.50 16/11/2009 Sell < 303 
Crude Oil  December 16/12/2009 Short Down 3640 13/11/2009    Buy > 3710 
Gold December 14/12/2009 Long Up 14012 21/08/2009 Sell < 16600 
Gold February 05/02/2009 Long Up 15666 30/09/2009 Sell < 16800 
Lead November 30/11/2009 Long Up 109.45 18/11/2009     Sell < 104 
Lead December 31/12/2009 Long Up     Sell < 105 
Nickel November 30/11/2009 Short Down 862.90 30/10/2009 Buy > 820 
Nickel December 31/12/2009  Short Down     Buy > 830 
Silver December 05/12/2009 Long Up 27899 16/11/2009 Sell < 26800 
Silver March 15/03/2009 Long Up 28057 16/11/2009 Sell < 27100 
Zinc November 30/11/2009 Short Down 101.85 06/11/2009 Buy > 104 
Zinc December 31/12/2009 Short Down 100.90 09/11/2009     Buy > 105 
Natural Gas November 30/11/2009 Short Down 238.50 29/10/2009 Buy > 215 
Natural Gas December  29/12/2009 Short Down         Buy > 230 

 


                  Find below the technical level for Commodities traded at  NCDEX.
 

Commodity Name      Month Expiry Date  Position Trend Rate Changed at  Trend Changed Reversal
Castor Seed November 20/11/2009 Long Up         Sell < 2800 
Channa November 20/11/2009 Short Down 2495 13/11/2009 Buy > 2560 
Channa December 18/12/2009 Long Up 2681 18/11/2009 Sell < 2570 
Channa January 20/01/2010 Long Up 2536 21/10/2009 Sell < 2680 
Chilli December 18/12/2009 Long  Up 5540 22/09/2009 Sell < 6200 
Chilli February 20/02/2010  Long  Up           Sell < 5700 
Gaur Seed November 20/11/2009 Long Up 2217 29/09/2009 Sell < 2450 
Guar Seed December 18/12/2009 Long Up 2444 20/09/2009 Sell < 2520 
Guar Gum November  20/11/2009 Long Up 4707 29/09/2009 Sell < 5180 
Guar Gum December 18/12/2009 Long Up 4774 29/09/2009 Sell < 5270 
Gur November 20/11/2009 Short Down 1015 14/11/2009 Buy > 1070 
Gur December  18/12/2009 Long Up 1082.60 03/11/2009 Sell < 1090 
Jeera November  20/11/2009 Long Up 11335 22/09/2009 Sell < 13300 
Jeera December 20/12/2009 Long Up           Sell < 13700 
Pepper November 20/11/2009 Short Down 14799 06/11/2009   Buy > 15100 
Pepper December 18/12/2009 Short Down 14996 06/11/2009    Buy > 15300 
Pepper January 20/01/2010 Long Up 14585 22/10/2009 Sell < 15100 
Soyabean November 20/11/2009 Long Up 2020 25/09/2009 Sell < 2250 
Soyabean December 18/12/2009 Long Up 2046 25/09/2009 Sell < 2290 
Soyabean January 20/01/2009 Long Up 2065 25/09/2009 Sell < 2240 
Turmeric November 20/11/2009 Long Up 7425 22/09/2009 Sell < 12500 
Turmeric December 18/12/2009  Short Down 10937 18/09/2009        Buy <11600 

               


             Find below the technical level for Agro commodities traded at  MCX. 

Commodity Name Month Expiry Date Position Trend Rate Change Trend Changed Reversal
Cardmom December 15/12/2009 Long Up         Sell < 780  
Mentha November 30/11/2009 Long Up 535.20 04/11/2009 Sell < 560 
Mentha December 31/12/2009 Long Up 541.60 04/11/2009 Sell < 565 

                  


               Find below the technical levels for the Metal Commodities traded at COMEX.

Commodity Name   Position TREND Rate Changed at Trend Changed Reversal
Gold Long Up 1019.95 05/10/2009 Sell < 1100 
Silver Long Up 17.69 11/11/2009 Sell < 17 

 

 


 Clarification:
* Means the level has changed since the last trading day.
** Means the trend has changed since the last trading day.
BOLD means that the commodity contract is added on the present day.
Some places might be empty which indicates that the trend continues since the onset of the commodity
Reversal of trend has to be see as per the closing of the respective commodity
 

Disclaimer : Trading in Commodity market is very risky and there are every chances of making losses.
For quick reply email to neera@crnindia.com 

 

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Disclaimer:Stock Market trading is risky and this email does not warrant or make any representations regarding the use or the results of the materials posted on this group or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. This group does not guarantee the accuracy or completeness of any information and is not responsible for any omissions.
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