Commodity Tips Free Trial

CRUDE (FEB) - As expected, the easing tension between USA and Iran resulted in some selling pressure or profit booking in this commodity. Last week, it made a high of 5360 and low of 5102. Short-term trend is bearish as long as below 5265-5400... Once break...?...free fall on the card. Today: Now consider resistance at 5180 and support at 5100; higher-level, some profit booking to continue. COPPER (FEB. 2012) - Last week some buying was seen due to fresh demand by China and made a high of 430 after initial week's low of 397. We expect prices to remain volatile but in bull favour in this week. Downside support nearly at 407-404 and resistance at 427-441. Below 394, bear phase likely to start. GOLD: (Feb 2012) - Last week it was mentioned that major resistance 28100-28200, and a reversal was seen from the high of 27700, made a low of 27290, and finally closed at weekly low. Now in this week, crucial resistance is seen at 28000. If prices are sustained above the resistance level, then it may trade up till 28200. Whereas the support level is seen at 27150-27100 for the coming week. We expect gold prices to remain volatile but higher-level to sell side and big fall cannot be ruled out in coming days. NATURAL GAS - As mentioned earlier, we were bearish below 176 And our target 138, which was achieved... Now sell on rise strategy.