Technical View for 19th August 2011

#1
MCX Gold October: Buy above 27,220 levels with a stop loss placed below 26,990 levels for targets of 27,500 levels.

MCX Silver September: Buy above 61,800 levels with a stop loss placed below 60,800 levels for targets of 63,000 / 64,000 levels. (short term)

MCX Crude Oil September: Sell below 3,795 levels with a stop loss placed above 3,860 levels for targets of 3,700 / 3,600 levels. (short term)

MCX Natural Gas August: Likely to trade in the range of 175-185 levels.

MCX Copper August: Sell below 400 levels with a stop loss placed above 404.25 levels for targets of 395 / 392 levels.

MCX Nickel August: Sell below 970 levels with a stop loss placed above 984 levels for targets of 950 levels.

MCX Lead August: Sell below 106 levels with a stop loss placed above 107.60 levels for targets of 104 / 103 levels.

MCX Zinc August: Sell below 97.80 levels with a stop loss placed above 99.40 levels for targets of 96 / 95 levels.
 

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