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Commodity Analysis- Daily 19 Jan
Commodity Analysis- Daily 19 Jan
January 19, 2012 Finance news in Ahmedabad,Gujarat, India, Republic of
Oil prices continue to trace macro sentiment despite rising geopolitical tensions as heavy selling in LME aluminum leaves it vulnerable to short covering rally.
FOR IMMEDIATE RELEASE
Ahmedabad,
Gujarat,
India, Republic of
(Free-Press-Release.com) January 19, 2012 --
MARKET NEWS
Saudi comments on oil have bullish implications for gold.
Precious metals edge higher on weak US dollar.
Oil prices continue to trace macro sentiment despite rising geopolitical tensions.
Heavy selling in LME aluminum leaves it vulnerable to short covering rally.
Copper strength could recede as Chinese New Year approaches.
Lead gains on industrial demand.
Norilsk warns 10% of global nickel production losing money at current prices.
Today’s Tips
Silver near to break its consolidate breakout thus commodity move upside. We recommended “Buy on Dips” for trading but strictly follow our support and resistance levels while trading.
THE EQUICOM CALL:
BUY SILVER (MAR.) ABOVE 53500
TARGET-53650/53850/54050
FOR MORE TIPS CALL US 09200009266
DAILY TRENDS
GOLD
TREND : CONSOLIDATE
RESISTANCE 1 : 27600
RESISTANCE 2 : 27820
SUPPORT 1 : 27300
SUPPORT 2 : 27180
STRATEGY : BUY ON DIPS
SILVER
TREND : CONSOLIDATE
RESISTANCE 1 : 54200
RESISTANCE 2 : 55100
SUPPORT 1 : 52500
SUPPORT 2 : 51500
STRATEGY : BUY ON DIPS
FOR REST OF THE TRENDS JUST VISIT
http://www.theequicom.com/images/stories/REPORTS/Commodity%20Analysis-%20Daily.pdf
THEEQUICOM FINANCIAL SERVICES IS A RESEARCH HOUSE THAT PROVIDES TIPS WITH TECHNICAL AND FUNDAMENTAL ANALYSIS WHICH ARE DONE ON STRICT STUDY BASE. THE TIPS AND RECOMMENDATIONS ARE MOST ACCURATE AND ARE SURE TO HIT THE TARGETS.
FOR CONTACTING US JUST DIAL 09200009266 OR 0731-6458808 , OR VISIT www.theequicom.com
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