Daily View

COMMODITIES (MCX)

	GOLD	SILVER	COPPER
EOD Price	INR 30726	INR 49680	INR 470.05
Minor Trend
·   Trend Direction	Up	Up	Up
·   Nature	Cyclic	Cyclic	Cyclic
o If Cyclic – cycle direction	Rising	Rising	Rising
·   Current position	Rising from bottom	Price is correcting	Rising from bottom
·   Expected duration	Uptrend may last 2 w, current prices may fall 1-2 days	Correction– 1-2 w
·   Expected Range
o Downside	30540 – 30300 – 30000 – 29800 – 29500	48000 – 47700 – 45000 – 43000	465/66 – 460 – 455
o Upside	31000 – 31400 – 31800	50800 – 52000 – 55000	478 – 481 – 483
·   Threat	Uptrend can weaken below 30540 – 29800 – 29500	correction may convert to a down trend
TRADING
New Signal	-	-	-
Open Position	-	-	-
Analysis	Price is at cycle bottom which started in July, and if it fails to rise, it will start trending down. It must remain above 30500 to maintain uptrend. If it closes below 29500, it will indicate further fall.	Price is near cycle bottom and if it fails to rise, it will start trending down. It must go above 50800 to maintain uptrend. If it closes below 49150, it will indicate further fall. If today it remains above 49500, it will be bullish	Price is near cycle bottom and if it fails to rise, it will start trending down. If it closes below 457, it will indicate end of uptrend.

CURRENCIES

	DX	EURUSD	CADUSD	USDJPY	EURCHF
EOD Value	80.377
Minor Trend
Direction of trend	Down
Nature of trend	Down
Current position	Near bottom
Expected duration	Up- 5-10 days
Expected Range
Downside	80 – 79
Upside	80.7 – 81.15 – 81.7 – 82.3
TRADING
New Signal	Buy
Open Position	-

 All buy/sell signals are based on EOD prices

Review: Gold, Silver, copper all bounced from support levels. Gold short cycle finished as expected. Copper touched exact top level as mentioned. DX long exited at 80.5 on TSL (trailing stop loss)

Signals on 19 Sep 2013

Nifty short signal would have given huge returns but prices did not match condition so that signal is unfortunately not triggered. Similarly, signals in gold, silver and copper on same day gave excellent returns, but since we did not gave any trailing stop loss, those profits came down to almost nil. So we are not considering any of these calls.
There is a change in way of recommendations, plus there is analysis for long term investors also. Suggestions are welcomed to make this free public service a better one.

Daily View

COMMODITIES (MCX)

	GOLD	SILVER	COPPER
EOD Price	INR 29865	INR 48639	INR 458.3
Minor Trend
·   Trend Direction	Up	Up	Up
·   Nature	Cyclic	Cyclic	Cyclic
o If Cyclic – cycle direction	Rising	Rising	Rising
·   Current position	Short cycle that peaked yesterday is almost over.	Exhaustion of current rise, price is pulling back	Price is pulling back
·   Expected duration	Down – 1-2 days	?	Pullback – 1-2 days
·   Expected Range
o Downside	29700 – 29500 – 28800 – 26000 – 23000	49150 – 45000 – 43000	457 – 454 – 440
o Upside	30000 – 30500 – 31800	50700 – 52000 – 55000	460 – 471 – 478
·   Threat	pullback may convert to a down trend	pullback may convert to a down trend	pullback may convert to a down trend
TRADING
New Signal	-	-	-
Open Position	Exit	-	-
Analysis	Price is at cycle bottom which started in July, and if it fails to rise, it will start trending down. It must go above 30600 to maintain uptrend. If it closes below 29500, it will indicate further fall.	Price is near cycle bottom and if it fails to rise, it will start trending down. It must go above 50800 to maintain uptrend. If it closes below 49150, it will indicate further fall.	Price is near cycle bottom and if it fails to rise, it will start trending down. It must go above 464 to maintain uptrend. If it closes below 454, it will indicate further fall.

CURRENCIES

	DX	EURUSD	CADUSD	USDJPY	EURCHF
EOD Value	80.638
Minor Trend
Direction of trend	Down
Nature of trend	Down
Current position	Near bottom
Expected duration	Up- 5-10 days
Expected Range
Downside	80.15 – 79
Upside	81 – 81.7 – 82.3
TRADING
New Signal	-
Open Position	Hold, SL 50.5

 Remarks:

All buy/sell signals are based on EOD prices