Saturday, January 5, 2013

Book partial Profits in Natural Gas....

Natural Gas trading > Rs. 181....

On a conservative basis one can book full profits...... or can trail stop losses closely after part profit booking....

Silver too as expected had bounced back from the bottoms of 56900.....


Cheers 

Hrishi

Friday, January 4, 2013

Silver, Copper and Natural Gas ....

Silver has been hammered down very badly.....

Silver Micro Feb has broken the basing area support of 57000, and now 56500 becomes the last hope for bulls... Some +ve divergence can be seen on daily charts but still not confirmed... 56500-56000 remains crucial to watch out for



Copper Mini Feb, bias would be bearish with resistance above 455...

With supports near 446.5-442-438







 

Natural Gas on daily charts looks positive @ CMP 178-178.25

with supports below 173 and targets near 180-184-190.

To be on a conservative side buying on dips can be advisable.





Regards

Hrishi