COMMODITY CALLS ONMARCH 02, 2010 (TUESDAY)

Thought for the Day

 Life is full of ups and downs. The trick is to enjoy the ups and have courage during the downs - Profit King wishes you a PROFITABLE DAY

1. (09:43) : ALERT - Chile (Country) is a leader in COPPER mining and it has several GOLD mines also. Quake in CHILE is the reason of BULLISHNESS in COPPER AND GOLD.


2. (09:49) : GOLD - Trend is bullish. Near term resistance are 1136, but real bull move only above 1165. Down side strong support 1080, below this bear will come in action.


3. (12:30) : Sell SILVER at CMP - 25560. TGT 25432. STOPLOSS 25640.


4. (12:48) : ALERT - SILVER (MAY) Target is 25819. STOPLOSS 26048 .SELLING RANGE 25950 - 25970. For those who are trading in SILVER MAY CONTRACT.CMP - 25920.


5. (02:00) : ALERT - STOPLOSS TRIGGERED IN SILVER SELL call.


6. (05:27) : ALERT - GOLD prices are expected to move in the band of 16750-16870 levels. Either side break out would confirm the trend.


7. (05:39) : ALERT -Economic data support for the CRUDE OIL is at 3602. OPEC output rose 125,000 barrels a day, to an average 29.17 million barrels a day.


8. (05:40) : BUY LEAD between 99.40 - 99.50 for the TGT of 99.90 / 100.30. CMP - 99.60. STOPLOSS 99. CMP - 99.55.


9. (06:15) : 1st TGT completed in LEAD at 99.90. Buy call initiated at 99.40.


10. (06:22) : ALERT - ZINC may face strong RESISTANCE at 102.30, if ZINC stays above this level for some time than INTRADAY TREND will turn BULLISH for the level of 103.30.


11. (06:25) : BUY SILVER at 26150 for the TGT of 26240. CMP - 26170. STOPLOSS 26127.


12. (06:46) : BUY NATURAL GAS at 214. CMP - 216. STOPLOSS 212.80. TGT will be initiated in NEXT MSG.


13. (06:50) : ALERT - LEAD may face strong RESISTANCE at 100.60, once it crosses this level TREND will TURN BULLISH for tomorrow. LEAD TREND will be BEARISH only below 98.70.


14. (07:11) : WEEKLY ALERT - This week CRUDE OIL SUPPORTs are at 3590 / 3557 / 3503. Over all TREND will remain BULLISH till the time it HOLDS 3503 level.


15. (07:12) : Any dip this week is a GOOD BUY. BEST BUY CRUDE OIL 3530-3550.


16. (07:30) : SELL GOLD for the TGT of 16810 and below. CMP - 16635. STOPLOSS 16850.


17. (07:43) : ALERT - TGT completed in GOLD at 16810.


18. (07:47) : ALERT - LEAD 2nd TGT completed at 100.30. Risky Players can still HOLD positions for the TGT of 100.50 / 101.20. TRAIL STOPLOSS to 99.


19. (07.50) : SELL SILVER at 26210. STOPLOSS 26242. TGT 26099. Maintain STOPLOSS STRICTLY.


20. (07:54) : ALERT - LEAD 3rd TGT completed at 100.50.


21. (08:04) : ALERT - ZINC BUY CALL activated at 102.30. TGT 103.30.


22. (08:21) : BUY SILVER at CMP - 26300 for the TGT 26400. STOPLOSS 26370.


23. (08:24) : CORRECTION MSG - BUY SILVER at CMP - 26300 for the TGT 26400. STOPLOSS 26240.


24. (08:26) : ALERT - Silver TGT completed at 26400.


25. (08:30) : ALERT - As we said LEAD is facing RESISTANCE at 100.60, but once it crosses this levels and HOLD for some time TREND will TURN BULLISH for tomorrow.


26. (09:19) : ALERT - TGT complete in ZINC at 103.30.


27. (09:19) : Risky Players BUY SILVER in small quantityat CMP for the TGT of 26528. STOPLOSS 263372. CMP - 26428.


28. (09:38) : BUY COPPER 1 lot at CMP for the TGT 342.90. CMP - 341.80. STOPLOSS 340.40.


29. (09:41) : BUY LEAD at CMP - 100.90. TGT 101.30. STOPLOSS 101.40.


30. (10:13) : ALERT - TGT completed in LEAD / SILVER / COPPER call.


31. (11:03) : BUY CRUDE OIL between 3660 - 3670 for tomorrow. TGT 3720. STOPLOSS 3547. Buy only in RANGE . CMP - 3681.


32. (11:44) : ALERT- RISKY BUY ZINC at CMP - 102.75 for tomorrow.TGT is above 104.10/ 105.10 / 106.60. STRONG SUPPORT at 102. If ZINC HOLDs this level than BULLISH.


33. (11:51) : ALERT - CRUDE OIL amke STRONG BASE at 3590. Now till the time this level HOLDs CRUDE OIL could TOUCH 3778 / 3850 levels.

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