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Market newsletter

MARKET ANALYSIS
SEPTEMBER 11 , 2009,


1. Gold

Gold at present has met 1003 high after a rally from 982 till 1003. We expect a support test at 987 $ again as Newyork traders can exit their long positions before weekend.
MAJOR LEVELS ::
SUPPORT 993-988-982
RESISTANCE 1003-1005-1008
BUYER :: Hold with stoploss 982 (medium term) , 988 (short term)
SELLER:: Hold with stoploss 1011(medium term), 1004 (short term)

2. Silver

Sliver has Out performed gold and made a new high on september 10th.Every dip is a buy opportunity as we expect a cross above 17 $.Buying is possible in 16.3-16.5 $ spread with a stoploss below 16.00$.
MAJOR LEVELS ::
SUPPORT 16. 51-16. 33-16. 05 $
RESISTANCE 16. 9-17. 12- 17. 6 $
BUYER :: Hold with stoploss 16.00 $(medium term) , 16.33 (short term)
SELLER:: Hold with stoploss 17.00 $(medium term), 17.8 (short term)


* AUD/USD

If 8605 is broken down,we can expect a fall till 8570 . Only a strong break with momentum below 8550 can signal a major trend change to bearish.Currently positive and a break above 8670 can give another spike to up side.
MAJOR LEVELS ::
SUPPORT 8600-8568-8520
RESISTANCE 8670-8745-8790
BUYER :: Hold with stoploss 8550(medium term) ,8585 (short term)
SELLER:: Hold with stoploss 8670(medium term),8770 (short term)

* GBP/USD

Still in search of a top. A new trade is NOT adviced as prices are really up and buying here can be suicidal. Selling cant be a assured bet since top is not confirmed yet.
MAJOR LEVELS ::
SUPPORT 16650 - 16582 - 16450
RESISTANCE 16750- 16822-16900
BUYER :: Hold with stoploss 16523(medium term) ,16640 (short term)
SELLER:: Hold with stoploss 16750(medium term),16800 (short term)

* EUR/USD

Eur/usd has been rallying from 14350 non stop. top is nearing. Avoid new buy .While selling is not advised since TOP is not yet confirmed.
MAJOR LEVELS ::
SUPPORT 14500-14380-14270
RESISTANCE 14655-14710
BUYER :: Hold with stoploss 14380(medium term) ,14450 (short term)
SELLER:: Hold with stoploss 14690(medium term),14635 (short term)

* EUR/GBP

Anytime a spike to 890 will occur.Stay in buy mode unless 8700 is not broken below.
MAJOR LEVELS ::
SUPPORT 8710-8685
RESISTANCE 8770-8790-8820
BUYER :: Hold with stoploss 8710(medium term) ,8710(short term)
SELLER:: Hold with stoploss 8840(medium term),8810 (short term)

* EUR/JPY

Standing on support at 13250. A correction of 50 % is likely on upside. Short on rise is recommended.
MAJOR LEVELS ::
SUPPORT 13250-13175
RESISTANCE 13345-13385
BUYER :: Hold with stoploss 13120(medium term) ,13230(short term)
SELLER:: Hold with stoploss 13450(medium term),13380 (short term

* USD/JPY

Start booking shorts. Only a break above 9233 can take it higher.else still we can see below 9000 levels.
MAJOR LEVELS ::
SUPPORT 9000
RESISTANCE 9180-9245
BUYER :: Hold with stoploss 9000(medium term) ,9035(short term)
SELLER:: Hold with stoploss 9250(medium term),9150 (short term

* USD/CAD

A furthur continuation of drop is seen on charts.Only a break above 10880 can give chances for bulls.Sell on rise is the strategy.
MAJOR LEVELS ::
SUPPORT 10700-10650
RESISTANCE 10850-10900
BUYER :: Hold with stoploss 10671(medium term) ,10716(short term)
SELLER:: Hold with stoploss 10880(medium term),10880 (short term
 
finally eur/gbp met 1st tgt. this was the call sent on wednesday >> buy eur/gbp at 8747 sl 8717 tgt 8797-8838 (low on thursday was 8720,now its 8796)
 
MARKET ANALYSIS

SEPTEMBER 14 , 2009​

PRECIOUS METALS REPORT

1. Gold

Gold hit high of 1012 $ on friday ny session. On monday early session,1009 popped up.This indicates a short term top at 1012 in gold. Major trend reversal will occur once 980 $ is broken below.Sell on rise for the day
MAJOR LEVELS ::
SUPPORT 993-988-982
RESISTANCE 1003-1005-1008
BUYER :: Hold with stoploss 982 (medium term) , 988 (short term)
SELLER:: Hold with stoploss 1012(medium term), 1008 (short term)


2. Silver

Sliver has Out performed gold and made a new high on september 10th.Every dip is a buy opportunity as we expect a cross above 17 $.Buying is possible in 16.3-16.5 $ spread with a stoploss below 16.00$.
MAJOR LEVELS ::
SUPPORT 16.51-16.33-16.05 $

RESISTANCE 16.9-17.12-17.6 $
BUYER :: Hold with stoploss 16.00 $(medium term) , 16.33 (short term)
SELLER:: Hold with stoploss 17.00 $(medium term), 17.8 (short term)

FOREX REPORT​

* AUD/USD

Yesterday's Report>>"If 8605 is broken down,we can expect a fall till 8570 . Only a strong break with momentum below 8550 can signal a major trend change to bearish.Currently positive and a break above 8670 can give another spike to up side."
Today 8550 is holding this pair from big crash. Inorder to take out all sell stoploss 8600 can come once. After taking all sellers out,aud can plunge till 8500 levels. Sell on rise
MAJOR LEVELS ::
SUPPORT 8540-8515
RESISTANCE 8600-8668
BUYER :: Hold with stoploss 8500(medium term) ,8535 (short term)
SELLER:: Hold with stoploss 8670(medium term),8630 (short term)

* GBP/USD

For bullish case to hold, 16480 should hold. We are likely to see a correction towards upside till 16600 or even 16640 area.Sell on rise with safe stoploss at 16700
MAJOR LEVELS ::
SUPPORT 16542-16500-16453
RESISTANCE 16600-16650
BUYER :: Hold with stoploss 16500(medium term) ,16450 (short term)
SELLER:: Hold with stoploss 16700(medium term),16650 (short term)

* EUR/USD


!4500 is a huge support.Buy on dip with stoploss below support of 14500..
MAJOR LEVELS ::
SUPPORT 14500-14380-14270
RESISTANCE 14655-14710
BUYER :: Hold with stoploss 14380(medium term) ,14450 (short term)
SELLER:: Hold with stoploss 14690(medium term),14635 (short term)

* EUR/GBP


Yesterday's Report>>Anytime a spike to 8890 will occur.Stay in buy mode unless 8700 is not broken below.
Today 8790 came and ourclients booked profit in their buy position.8830 is a big resistance. eur/gbp will be staying below the resistance
MAJOR LEVELS ::
SUPPORT 8750-8720
RESISTANCE 8820-8855
BUYER :: Hold with stoploss 8710(medium term) ,8750(short term)
SELLER:: Hold with stoploss 8840(medium term),8810 (short term)

* EUR/JPY

13150 was support. Sell on rise with sl above 13300 .Support is around 13200.
MAJOR LEVELS ::
SUPPORT 13200-13175
RESISTANCE 13300-13385
BUYER :: Hold with stoploss 13120(medium term) ,13230(short term)
SELLER:: Hold with stoploss 13450(medium term),13380 (short term

* USD/JPY

Correction tp upside can be till 9180. Buy on dip with safe sl 9020.
MAJOR LEVELS ::
SUPPORT 9000-9090
RESISTANCE 9180-9245
BUYER :: Hold with stoploss 9000(medium term) ,9080(short term)
SELLER:: Hold with stoploss 9250(medium term),9150 (short term

* USD/CAD


A furthur continuation of drop is seen on charts.Only a break above 10880 can give chances for bulls.Sell on rise is the strategy.
MAJOR LEVELS ::
SUPPORT 10700-10650
RESISTANCE 10850-10900
BUYER :: Hold with stoploss 10671(medium term) ,10716(short term)
SELLER:: Hold with stoploss 10880(medium term),10880 (short term
 
Copper

Copper has a crucial support at 296.80 and 294.80 if not break than we may expect 320+ in short term however a break below supports may cause till 287 and more so watch these levels and trade accordingly

Major Levels to watch are following

Resistance: 304.20-307.60
Supports: 296.80-294.80

Lead

Lead has a good at 97.50 if not break than we may see 110-131 again while a break below 97.40 can drive till 90

Resistance: 105.80-110.10
Supports: 97.40-94



Zinc
Zinc broke major support at 89.40 however it has recovered from morning gapdown threat now if trade above 90.80 and 92.10 we may expect 100+ in short term

Major Levels to watch are following

Resistance: 90.80-92
Supports: 89.20-87


Gold

Gold has a good support at 15670 if not break than can show till 16000+ however resistance are 15926-16110
Resistance: 15926-16110
Supports: 15680-15520


Silver

Silver has a resistance at 26660 if cross than It may hit 26900-27100 again however a sustain below 26450 can drive till 25800 as well so keep a watch as levels are quite far

Major Levels to watch are following

Resistance :26660-26910
Supports: 26450-26180


Crude

Crude has a strong support 3275 if not break and sustain above 3380 than it can hit 3500+ mark before inventory however a break below 3275 can drive till 3200-3170

Major Levels to watch are following

Resistance: 3380-3433
Supports: 3275-3251

Natural Gas

Natural gas has a strong support at 147 if not cross than again can hit 170-190 however we has given a buy view at 120 in newsletter if anyone holding than please book 90% profits

Major Levels to watch are following

Resistance: 166.10-171.20
Supports: 156.20-152.10
 
FREE call >>sell usd/jpy at 9128 sl 9145 tgt 9091-9066

sep 14th performance


sell gold at 1004 sl 1008 tgt 993>>missed entry
sell silver at 16.65 sl 16.86 tgt 16.42-15.46 (2nd tgt positional)>>1st tgt met,287.5 usd

sell aud/usd at 8600 sl 8632 tgt 8569-8514>>sl hit loss 320 usd
buy eur/usd at 14530 sl 14500 tgt 14558-14587>>entry missed
buy eur/jpy at 13200 sl 13180 tgt 13238-13268>>entry missed
sell usd/cad at 10911 sl 10940 tgt 10865-10831>>all tgt met profit 800 usd
buy eur/gbp at 8747 sl 8717 tgt 8797-8838>>all tgts met ,profit 910 usd

over all =1677usd
 
These are my S and R for Silver Hourly chart
Comments welcome
 

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Heres my daily chart for silver :

comments welcome
 

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