COMMODITIES LETTER 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 < 315 | Copper | February | 05/02/2010 | Long | Up | | | Sell < 313 | Crude Oil | December | 16/12/2009 | Short | Down | 3640 | 13/11/2009 | Buy > 3660 | Crude Oil | January | 16/01/2010 | Short | Down | 3681 | 06/11/2009 | Buy > 3700 | 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 < 106 | Lead | December | 31/12/2009 | Long | Up | | | Sell < 106 | Nickel | November | 30/11/2009 | Short | Down | 862.90 | 30/10/2009 | Buy > 800 | Nickel | December | 31/12/2009 | Short | Down | | | Buy > 800 | 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 | Long | Up | 105.45 | 25/11/2009 | Sell < 102 | Zinc | December | 31/12/2009 | Long | Up | 105.90 | 25/11/2009 | Sell < 102 | Natural Gas | December | 29/12/2009 | Long | Up | 236.30 | 25/11/2009 | Sell < 222 | Natural Gas | January | 23/01/2010 | Long | Up | 240.80 | 25/11/2009 | Sell < 227 | 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 | December | 20/01/2009 | Long | Up | | | Sell < 3000 | Channa | December | 18/12/2009 | Long | Up | 2681 | 18/11/2009 | Sell < 2600 | Channa | January | 20/01/2010 | Long | Up | 2536 | 21/10/2009 | Sell < 2700 | Chilli | December | 18/12/2009 | Short | Down | 6187 | 23/11/2009 | Buy > 6350 | Chilli | February | 20/02/2010 | Long | Up | | | Sell < 5700 | Guar Seed | December | 18/12/2009 | Long | Up | 2444 | 20/09/2009 | Sell < 2620 | Guar Seed | January | 20/01/2010 | Long | Up | | | Sell < 2760 | Guar Gum | December | 18/12/2009 | Long | Up | 4774 | 29/09/2009 | Sell < 5600 | Guar Gum | January | 20/01/2010 | Long | Up | | | Sell < 5620 | Gur | December | 18/12/2009 | Long | Up | 1082.60 | 03/11/2009 | Sell < 1090 | Gur | January | 20/01/2010 | Long | Up | | | Sell < 1150 | Jeera | December | 20/12/2009 | Long | Up | | | Sell < 14300 | Jeera | January | 20/02/2009 | Long | Up | | | Sell < 14500 | Pepper | December | 18/12/2009 | Long | Up | 15710 | 23/11/2009 | Sell < 14900 | Pepper | January | 20/01/2010 | Long | Up | 14585 | 22/10/2009 | Sell < 15200 | 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 | December | 18/12/2009 | Short | Down | 10937 | 18/09/2009 | Buy > 11600 | Turmeric | April | 20/04/2010 | Short | Down | | | Buy > 7240 | 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 < 824 | Mentha | November | 30/11/2009 | Long | Up | 535.20 | 04/11/2009 | Sell < 580 | Mentha | December | 31/12/2009 | Long | Up | 541.60 | 04/11/2009 | Sell < 590 | 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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