SILVER COMEX Weekly Outlook...!! (20-Jan-2014)

SILVER COMEX:

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Looks Strong on Weekly Charts, took support @19.00$ previously in July August 2010 Silver has a strong bull run form there levels @19.00$ hence its an very crucial levels. We have a positive outlook on SILVER and we suggest to go long on SILVER COMEX if sustains above immediate levels @20.70$, alternatively one may Go short if Breaks 19$ on Closing basis. A Sharp Correction may be seen if we see a weekly Close below 19$.

Profit Play's Take on SILVER:

1.       Buy SILVER ABOVE 20.70$ For Targets 22.50$ and Stoploss of 20.00$

2.       Sell SILVER only Below 18.80$ For Targets of 17$ and Stoploss of 19.50$

GOLD Weekly View...!!! 2014

GOLD COMEX:

VIEW:

In International Markets GOLD took a strong Support @1175- 1180$ and is now trading near to stiff Resistance @1265-1270$. New Bull Phase can be seen in Gold, if weekly close above 1270$. And if unable to sustain @1265- 1270$ Resistance then we may see GOLD again heading towards 1180$,

"Daily Closing Below 1180$" We may see Sharp Correction and Gold may continue its bearish Trend. GOLD is Trading near to very Important and Crucial levels and one may initiate Long GOLD if sustains above 1270$ and If Strong Reversal seen from Those levels then initiate Short Position below 1230$

Profit Play's Take on GOLD:

1.       Buy GOLD ABOVE 1280$ For Targets 1325$ and Stoploss  of 1250$

2.       Sell GOLD BEOW 1230$ For Targets 1180$ and Stoploss of 1245$

Profit Play Wishes all the Viewers- HAPPY NEW YEAR 2014

NATURAL GAS OUTLOOK (11-DEC-2013)

Fundamentals of Natural Gas NYMEX:
With the traditional pre-winter rally in natural gas underway, bullish predictions of much higher prices are starting to emerge. But is the natural gas market - which has been burdened with oversupply for quite some time - finally ready to break out?

The latest supply and demand data from the Energy Information Administration may offer some clues. On the supply side, little has changed. Output continues to boom and there are no signs of an imminent decline in production, as many analysts have predicted time and time again.
In July, gross natural gas production in the U.S. jumped to 74.52 bcf/d, a record high. That was up 1.8 bcf/d, or 2.5 percent, from a year ago.

Technicals of Natural Gas NYMEX:
NATURAL GAS is on the verge of Breakout. On Weekly Charts of Natural Gas a Breakout level of Classical Head and Shoulder Pattern Can be Seen. Short Position Should be Reversed and Long Position Should be Initiated "if" NGAS Sustains Above $4.3500 It can Head towards $4.4800

Unable to Cross Immediate Resistance @4.3200 and Closed Below 3.9900 Can Head towards Lower Levels as Fundamentals Also Suggests.

MCX CRUDEOIL Strategy For Investors And Swing Players....!!!!

MCX CRUDEOIL Strategy For Investors And Swing Players

MCX CRUDEOIL is Trading Near to Support Levels @5850-5950. And A Fresh Long position Can be Initiated by Commodity Investors and Swing players. Immediate Resistance on Charts is @6175 and Hence Buy Crudeoil @5950 and 5850 with Stoploss of 5780 For Targets of 6175 and More.

1. WTI- CRUDEOIL is Consolidating Between Classical Channel Pattern And Trading Near to the Support of Channel @92-94 $.

2. We Recommend investors and Swing Player to buy Crudeoil.  As at Support Levels Risk and Reward Ratio is Favourable.

3.  If it Breaks Channel Support and Trades below 91$ Reverse your Long Positions and initiate Fresh Position.