COMMOTRENDZ SILVER VIEW FOR THE DAY

COMMOTRENDZ SILVER VIEW FOR THE DAY  ::: SILVER IN RANGED MODE HAVING SUP IN MCX AT 52000 LVL. GOOD ENTRY ZONE AS UPSIDE MARKET IS CAPPED AT 53222 LVL. EITHER SIDE BREAK MORE DIRECTION EXPECTED. TILL THEN RANGED MKT SEEN 4 NOW.

SILVER AUG MCX TRADING RANGE 52000-53222 EITHER SIDE BREAK MORE DIRECTION ON CLOSING BASIS.
COMEX TRADING RANGE 26.68-27.76 EITHER SIDE BREAK ON CLOSING BASIS MORE DIRECTION.
SILVER LBMA FIXES AT 27.45 UP BY 42 CENTS .
SILVER ISHARE HOLDINGS STANDS AT 9696.71 UNCHANGED .TREND STILL LOOKS WEAK BUT NEAR SUPORT LVL. AVOID SHORT AT LOWER LVLS.
GOLD SILVER RATIO STANDS AT 58.13 WILL WAIT FOR CONFIRMATION. for more please visit www.commotrendz.com

COMMOTRENDZ GOLD VIEW 4 THE DAY :::

GOLD COMEX NEED TO CUT 1590 LVL  CAN SEE SOME UPSIDE STRONG RES SEEN AT 1602 LVL. ANY BREAK N CLOSE ABV THIS LVL WILL SEE SOME POSITIVE OUTLOOK. RUPEE IS VOLATILE AND NEAR STRONG RES IN MCX AT 56.38 ON CLOSING BASIS. ONCE WE SEE CLOSE ABV THIS LVL MORE UPSIDE CAN BE SEEN. WILL SUPPORT IN NEAR TERM.

GOLD COMEX INTRA TRADING RANGE 1573-1592 BIAS WEAK AT HIGHER LVL.
GOLD MCX INTRA TRDING RANGE 29388-29828 EITHER SIDE BREAK MORE DIRECTION.
GOLD SPDR HOLDINGS STANDS AT 1275.46 DOWN BY 3.62 MT .
GOLD LBMA FIXES AT 1585 DOWN  BY USD 2
RUPEE TRADING RANGE 55.64-56.44 EITHER SIDE BREAK MORE TREND ON CLOSING BASIS. RUPEE AGAIN FALLEN SHARPLY. TODAY CLOSE WILL BE IMPORTANT FOR THE WEEK TO SEE FURTHER OUTLOOK IN COMING DAYS.

COMMOTRENDZ SILVER VIEW FOR THE DAY :::

SILVER NEAR SUPPORT LVL IN MCX AT 53277 BREAK N HOLD BLW THIS LVL FOR 15 MIN WILL CALL FOR FURTHER SHARP FALL. TREND REMAIN WEAK 4 THE DAY. SELL ON RALLY FOR THE DAY. STRONG RES SEEN NEAR 53800-53880 LVL GOOD SELLING ZONE.

SILVER AUG MCX TRADING RANGE 53000-54222 EITHER SIDE BREAK MORE DIRECTION ON CLOSING BASIS.
COMEX TRADING RANGE 27.40-28.12 EITHER SIDE BREAK ON CLOSING BASIS MORE DIRECTION. SELL ON RALLY 4 THE DAY NEAR RES LVL.
SILVER LBMA FIXES AT 28.33 UP BY 22 CENTS.
SILVER ISHARE HOLDINGS STANDS AT 9681.63 UNCHANGED.TREND STILL LOOKS WEAK BUT NEAR SUPORT LVL. AVOID SHORT AT LOWER LVLS.
GOLD SILVER RATIO STANDS AT 58.09 FAVORING GOLD.WILL WAIT FOR CONFIRMATION OR BRAKE UP OF 28.12 IN COMEX LVL ON CLOSING BASIS FOR LONG OTHER WISE TREND REMAIN WEAK 4 THE DAY.... for more please visit www.commotrendz.com

COMMOTRENDZ GOLD VIEW 4 THE DAY :::

GOLD MADE SMART RECOVERY IN COMEX BUT IN MCX ITS LAGGING DUE TO RUPEE FACTOR. IMP RES IN COMEX AT 1608-1612 LVL. GOOD STRONG SELLING ZONE N RESISTENCE. HOLD ABV THIS LVL ON HOURLY BASIS CAN SEE SOME FURTHER UP MOVE ELSE CAN SEE COOL OFF FROM HERE. BUT EYEING BOE AND ECB RATE CUT DUE ON 5TH JULY METAL LOOKS STRONG FOR THE WEEK ATLEAST IN COMEX 4 NOW. MCX SELLING AT HIGHER LVL WILL BE SAFE 4 THE DAY.

GOLD COMEX INTRA TRADING RANGE 1582-1612 BIAS WEAK AT HIGHER LVL. CAN TAKE LONG IN COMEX NEAR SUPPORT LVL.
GOLD MCX INTRA TRDING RANGE 29444-29922 EITHER SIDE BREAK MORE DIRECTION.
GOLD SPDR HOLDINGS STANDS AT 1279.51 FLAT .
GOLD LBMA FIXES AT 1592 DOWN BY USD 6.
RUPEE TRADING RANGE 55-56.12 EITHER SIDE BREAK  MORE TREND. WE ARE SEEING VERTICLE RECOVERY IN RUPEE. CAUTIOUS OF SHORT IN USD INR AT LOWER LVL SUGGESTED. ANY CLOSE BLW 54.26 LVL WE WILL SEE TREND REVERSAL 4 NOW. ELSE CAN SEE RECOVERY FROM THIS LVL. for more please visit www. commotrendz.com