TECHNICALS FOR NYMEX TRADE FOR MAY 29 2009

MAY 29 FRIDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 3090 , S2 RS 3033, S3 RS 2960

R1 RS 3160 , R2 RS 3200 , R3 RS 3260

WAIT FOR CONFIRMATION.

UPDATES

MARKET ALERT AT 11AM MAY 29

MCX JUNE CRUDE IS BULLISH ABOVE 31OO

AND CLD TEST 3130/ 3150 LEVELS,SUPPORTS AT

3077/ 3060.

UPDATES

TECHNICALS FORMAY 29

MCX JUNE CRUDE

SUPP: 3065/ 3033/3010


RES:3105/3136/3168

PREFER LONGS AT SUPPORTS

MARKET ALERT AT 9 PM MAY 28.

JUNE CRUDE NEXT RESISTANCE ABOVE 3085 IS

AT 3108, AND SUPPORT 3040.

MARKET ALERT ON MAY 28 THURSDAY 8.30 PM IST

Update: US C.oil inventories: Down: 5.4 mbrls

N.Gas Storage data: up 106 bcf.

TECHNICALS FOR NYMEX TRADE FOR MAY 28 2009

MAY 28 THURSDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 2990 , S2 RS 2930 , S3 RS 2890

R1 RS 2040 , R2 RS 3100 , R3 RS 3140

wait for confirmation.

MARKET ALERT AT 4 PM MAY 28

OPEC DECIDES TO KEEP OUTPUT UNCHANGED.

UPDATES

TECHNICALS FOR MAY 28

MCX JUNE CRUDE OIL

SUPP: 2995/ 2960/2926

RES; 3045/3080/3125

PREFER LONGS AT SUPPORTS

MARKET ALERT ON MAY 27 WEDNESDAY 8.50 PM IST

MCX June crude looks weak below Rs 3000, support is

seen at Rs 2970 / 2950 , Res above Rs 3020.

Could test support.

MARKET ALERT ON MAY 27 WEDNESDAY 7.00 PM IST

Mcx June Crude oil low risk traders book profits up to

Rs 3017 , others hold for given targets with same sl .

Buy was initiated at Rs 2895 to 2899.

MARKET ALERT AT 6 PM MAY 27

RISK CALL; BUY JUNE CRUDE BETWEEN 2995 TO 2999,

SL 2970 TGTS 3035/ 3060.

UPDATES

TECHNICALS FOR MAY 27

MCX JUNE CRUDE

SUPP; 2980/ 2910/2860

RES: 3020/ 3070/ 3120

PREFER LONGS AT SUPPORTS

MARKET ALERT AT 3.30 PM MAY 27

TECHNICAL LEVELS FOR CRUDE; RESISTANCE

$ 64.50, ( APPROX RS. 3065) SUPPORT $ 62,

( APPROX RS. 2940 ) MORE LIKELY TO TEST RESISTANCE.

UPDATES

TECHNICALS FOR MAY 27


MCX JUNE COPPER

SUPP: 2915/2890/2860

RES:2962/2988/3013

WAIT FOR CALLS

UPDATES

TECHNICALS FOR NYMEX TRADE MAY 26

MCX JUNE CRUDE OIL

SUPP; 2850/ 2780/ 2710

RES; 2890/ 2945/ 2980

WAIT FOR CALLS

MARKET ALERT AT 2.35 PM MAY 26

MCX JUNE CRUDE : BOOK PART PROFITS UPTO 2862

, OTHERS HOLD FOR TARGETS GIVEN.(SELL CALL AT 2888 TO 2893)

MCX JUNE CRUD E WEAK BELOW 2893 CLD TEST 2850

RES 2911

UPDATES FOR MAY 26 2009

MAY 26 TUESDAY

S1 RS 2875 , S2 RS 2840 , S3 RS 2805

R1 RS 2915 , R2 RS 2945 , R3 RS 2980

WAIT FOR CONFIRMATION.

TECHNICALS FOR NYMEX TRADE FOR MAY 22 2009

MAY 22 FRIDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 2880 , S2 RS 2830 , S3 RS 2780

R1 RS 2920 , R2 RS 2980 , R3 RS 3020

WAIT FOR CONFIRMATION.

MARKET ALERT AT 2.30 PM MAY 22

HIGH RISK CALL; BUY JUNE CRUDE 2915 TO 2920

SL 2890 TGTS 2940/ 2958.

UPDATES

TECHNICALS FOR MAY22

MCX JUNE CRUDE

SUPP; 2878/2856/ 2835

RES;2908/2937/ 2960

WAIT FOR CALLS

MARKET ALERT ON MAY 21 THURSDAY 9.15 PM IST

June crude oil has Res above Rs 2907 ,

support is seen at Rs 2850.

UPDATES

TECHNICALS FOR NYMEX TRADING MAY 21

MCX JUNE CRUDE

SUPP: 2878/ 2856/2835

RES: 2908/ 2937/ 2960

WAIT FOR CALLS

MARKET ALERT ON MAY 21 THURSDAY 2.45 PM IST

MCX June crude oil has support at Rs 2880 / 2856 .Res

is seen above Rs 2937.

MARKET ALERT ON MAY 21 THURSDAY 2.40 PM IST

Exit in crude oil up to Rs 2905 to 2910. as unable

to sustain at higher levels.

MARKET ALERT AT 1.30 PM MAY 21

Buy Crudeoil Jun betwn 2920 - 2925 SL

2895 T1 2950 T2 2980

MARKET UPDATES ON MAY 21 THURSDAY

Crude for July delivery, the new front-month contract, gained

$1.94, or 3.2%, to end $62.04 a barrel on


the New York Mercantile Exchange, the highest closing level

for a front-month contract since Nov. 10.


The commodity for trade under the MCX India last traded at

2932 levels by gaining 48 points.

Crude oil clambered above $60 a barrel Wednesday, as glutted U.S.

crude stockpiles receded and gasoline


markets firmed up. Crude-oil inventories in the week ended

May 15 fell for the second week in a row


decreasing by 2.1 million barrels. Despite the decline, crude

inventories, at 368.5 million barrels, were


still above the upper boundary of the average range for

this time of year.


Crude Oil for trade under the NYMEX might see supports at $932

levels while the resistance for the same

might be seen at $945 levels respectively.

UPDATES

TECHNICALS FOR MAY 21

MCX JUNE CRUDE

SUPP: 2905/ 2878/2855

RES:2956/2980/3018

PREFER LONGS AT SUPPORTS

MARKET ALERT ON MAY 20 8.00 PM IST

Update: US C.oil inventories data:

Down:2.1 Mbrls (Exp: Down:1.3 mbrls)

MARKET ALERT ON MAY 20 WEDNESDAY 7.40 PM IST

MCX June crude book final profits upto Rs 2937.

Buy was initiated at Rs 2890 to 2895.

MARKET ALERT ON MAY 20 WEDNESDAY 6.55 PM IST

MCX June crude T1 Achieved at Rs 2925.

Buy was initiated at Rs 2890 to 2895.

UPDATES

TECHNICALS FOR NYMEX TRADING MAY 20

MCX JUNE CRUDE

SUPPORTS ; 2880/ 2840/ 2790

RES; 2915/ 2950. 2990

WAIT FOR CALLS

UPDATES

MARKET ALERTA T10.25AM MAY 20

MCX JUNE CRUDE IS BULLISH ABOVE 2895

AND CLD TEST 2925/ 2950;SUPPORTS AT 2870;

update

TECHNICALS FOR MAY 20

MCX JUNE CRUDE

SUPP 2835/ 2805/2780

RES 2920/ 2980/ 3030

PREFER LONGS AT SUPPORTS

MARKET ALERT ON MAY 19 8.30 PM IST

MCX June Crude oil as forecasted tested support Rs 2836 ,

It could further test Rs 2820.

MARKET ALERT ON MAY 19 TUESDAY 7.00 PM IST

June Crude oil immediete Res is seen above Rs 2898,

It could test Rs 2856/2836. (levels only)

MARKET ALERT AT 3 PM MAY 19

TRADERS HOLDING LONGS IN JUNE CRUDE REVISE

STOPLOSS TO BELOW 2870.

MARKET ALERT ON MAY 19 TUESDAY 2.30 PM IST

Book partial proift at cmp Rs 2904 , in our buy

call above Rs 2880.

MARKET ALERT ON MAY 19 TUESDAY 10.45 AM IST

MCX May Crude looks strong above Rs 2880

it could test Rs 2945/2960

Support is seen at Rs 2845.

UPDATES

TECHNICALS FOR MAY 19

MCX JUNE CRUDE

SUPP: 2835/ 2805/ 2775

RES:2880/ 2918/2956

PREFER LONGS AT SUPPORTS

TECHNICALS FOR NYMEX TRADE FOR MAY 18 2009

MAY 18 MONDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 2760 , S2 RS 2710 , S3 RS 2660

R1 RS 2820 , R2 RS 2885 , R3 RS 2930

WAIT FOR CONFIRMATION.

MCX JUNE CRUDE IS BULLISH ABOVE 2795 WITH SUPPORT

AT 2770 AND RESISTANCES 2820.(

UPDATES ON MAY 18 2009

MAY 18 MONDAY

S1 RS 2790 , S2 RS 2745 , S3 RS 2705

R1 RS 2856 , R2 RS 2885 , R3 RS 2918

WAIT FOR CONFIRMATION.

MARKET ALERT ON MAY 15 FRIDAY 8.00 PM IST

MCX June Crude cld test Rs 2960

if it sustains above Rs 2880

CMP Rs 2915.

TECHNICALS FOR NYMEX TRADE FOR MAY 15 2009

MAY 15 FRIDAY

TRADING LEVE;S FOR NYMEX TRADE

S1 RS 2905 , S2 RS 2878 , S3 RS 2845

R1 RS 2956 , R2 RS 2985 , R3 RS 3018

WAIT FOR CONFIRMATION.

update at 2 pm may15

june crude faces critical resistance at 2960 to 2965.

UPDATES

TECHNICALS FOR MAY 15

MCX JUNE CRUDE

SUPP:2903/2878/2845

RES:2945/2970/ 3018

PREFER LONGS AT SUPPORTS

MARKET UPDATE AT 7 PM MAY 14

MCX JUNE CRUDE ; BOOK FINAL PROFITS UPTO

2921.BUY AT 2905.

MARKET ALERT AT 6.30 PM MAY 14

Buy Mcx June C.oil abv:2905 SL: below:

2875 TGT: 2934/2956 Cmp: 2900.

TECHNICALS FOR NYMEX TRADE FOR MAY 14 2009

MAY 14 THURSDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 2870 , S2 RS 2810 , S3 RS 2760

R1 RS 2920, R2 RS 2980 , R3 RS 3045

WAIT FOR CONFIRMATION.

MARKET ALERT AT 2 PM MAY 14

UPDATE AT 2 PM MAY 14

MCX JUNE CRUDE:; BOOK PART PROFITS UPTO 2880

IN OUR SELL AT 2910.

MARKET ALERT ON MAY 14 THURSDAY 1.45 PM IST

MCX June crude looks weak below Rs 2910

it could test Rs 2860 / 2830

res is seen at Rs 2945.

updates

TECHNICALS FORMAY14

MCX JUNE CRUDE

SUPP; 2932/2905/ 2870

RES: 2985/ 3018/ 3045

WAIT FOR CALLS

UPDATES

MARKET ALERT AT 9.30 PM MAY 13

MCX JUNE CRUDE; BUY AT 2980 SL 2952 TGT 3025.

MARKET ALERT ON MAY 13 WEDNESDAY 8.00 PM IST

MCX May crude cmp Rs 2970 , T1 A chieved in our

buy crude at Rs 2935 to 2940.

MARKET ALERT ON MAY 13 WEDNESDAY 6 PM IST

MCX May Crude could test Rs 2860

if it sustains below Rs 2952.

Initial support is seen at Rs 2920 levels.

TECHNICALS FOR NYMEX TRADE FOR MAY 13 2009

MAY 13 WEDNESDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 2975 , S2 RS 2920 , S3 RS 2860

R1 RS 3026 , R2 RS 3075 , R3 RS 3120

WAIT FOR CONFIRMATION.

MARKET ALERT ON MAY 13 WEDNESDAY 11.40 AM IST

MCX May Crude cld test Rs 2975 / 3000

if it sustains above Rs 2905

Buy is recommended around Rs 2935 to 2940 levels.

UPDATES

TECHNICALS FOR MAY 13

MCX MAY CRUDE

SUPP; 2875/ 2845/ 2810

RES; 2945/ 2988/ 3024

PREFER LONGS AT SUPPORTS

market alert at 8 pm may12

mcx may crude likely to go down and

test 2850 levels res 2930.

TECHNICALS FOR NYMEX TRADE FOR MAY 12 2009

MAY 12 TUESDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 2900 , S2 RS 2840 , S3 RS 2785

R1 RS 2960 , R2 RS 3000 , R3 RS 3060

WAIT FOR CONFIRMATION.

market alert at 4.45 pm may 12

mcx may crude cmp 2940 t1 achieved.

( buy at 2900 to 2905.)

UPDATES

TECHNICALS FOR MAY 12

MCX MAY CRUDE

SUPP: 2856/ 2818/2785

RES:2900/2945/ 2986

PREFER LONGS AT SUPPORTS

TECHNICALS FOR NYMX TRADE FOR MAY 11 2009

MAY 11 MONDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 2810 , S2 RS 2760 , S3 RS 2700

R1 RS 2880 , R2 RS 2940 , R3 RS 2970

WAIT FOR CONFIRMATION.

UPDATES

MARKET ALERT AT 11 AM MAY 11

MCX MAY CRUDE IS BULLISH ABOVE 2880,

SUPPORT 2840 AND LIKELY TO TEST 2930/2960.

updates

TECHNICALS FOR MAY 11

MCX MAY CRUDE

SUPP: 2810/2760/ 2720

RES ; 2890/ 2940/2970

WAIT FOR CALLS

MAY CRUDE SUPP 2830 RES 2918 CLD TST RES.

UPDATES

TECHNICALS FOR MAY 8

MCX MAY CRUDE

SUPP: 2740/ 2695/2630

RES ;2810/ 2875/2918

WAIT FOR CALLS

MARKET ALERT AT 6.30 PM MAY 7

mcx may crude t1 achieved at 2870 in our

buy at 2805 this morning.

market alert 6.45 pm may 7

fresh longs can be added in may nickel upto

651 for tgt 665/ 674, sl 643.

TECHNICALS FOR NYMEX TRADE FOR MAY 7 2009

MAY 7 THURSDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 2830 , S2 RS 2760 , S3 RS 2700

R1 RS 2880 , R2 RS 2930 ,R3 RS 2960

WAIT FOR CONFIRMATION.

MARKET ALERT

MARKET ALERT AT 1.45 PM MAY 7

MCX MAY CRUDE HIGH 2868, BOOK PROFITS

IN OUR BUY GIVEN AT 2800 TO 2805, OTHERS HOLD FOR

TARGETS GIVEN,

MARKET ALERT AT .45 PM MAY 7MCX MAY

MARKET ALERT AT 1.45 PM, MAY 7MCX MAY

MARKET ALERT ON MAY 7 THURSDAY 11.15 AM IST

MCX May crude looks bullish above Rs 2800d

it could test Rs 2870 and Rs 2920 ,

support is seen at Rs 2760.

UPDATES

TECHNICALS FOR MAY 7

MCX MAY CRUDE

SUPP: 2745/2710/ 2675

RES :2800/2854/ 2885

PREFER LONGS AT SUPPORTS

market alert at 8 pm may 6

Update: US C.oi inventories data:Actual:

+0.6 Mbrls (Exp:+2.6) Gasoline: - 0.2, Distillate: +2.4

TECHNICALS FOR NYMEX TRADE FOR MAY 6 2009

MAY 6 WEDNESDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 2660 , S2 RS 2595 , S3 RS 2535

R1 RS 2710 , R2 RS 2760 , R3 RS 2830

WAIT FOR CONFIRMATION.

UPDATES

TECHNICALS FOR MAY 6

MCX MAY CRUDE

SUPP: 2630/ 2595/ 2530

RES: 2710/ 2760/ 2810

WAIT FOR CALLS.

UPDATES

TECHNICALS FOR NYMEX TRADING MAY 5

MCX MAY CRUDE

SUPP; 2660/ 2580/ 2530

RES ; 2710/ 2760/ 2830

PREFER LONGS AT SUPPORTS

MARKET ALERT ON MAY 5 TUESDAY 4.00 PM IST

MCX May crude looks bullish above Rs 2705 ,

it could test Rs 2740 and then Rs 2790

Support is seen at Rs 2670.

UPDATES

TECHNICALS FOR MAY 5

MCX MAY CRUDE

SUPPORTS: 2650/2580/2510

RES: 2690/2740/2800

HOLD LONGS AT SUPPORTS

TECNICALS FOR NYMEX TRADE FOR MAY 4 2009

MAY 4 MONDAY

TRADING LEVELS FOR NYMEX TRADE

S1 RS 2630 , S2 RS 2580 , S3 RS 2530

R1 RS 2660 , R2 RS 2740 , R3 RS 2795

WAIT FOR CONFIRMATION.

UPDATES

TECHNICALS FOR MAY 4

MCX MAY CRUDE

SUPP: 2580/ 2530/ 2480

RES : 2680/ 2740/2795

WAIT FOR CALLS

MARKET ALERT ON MAY 1 FRIDAY

Crude May looks bullish above Rs 2585

it cld test Rs 2615 / 2640

supports are seen at Rs 2560.

UPDATES ON MAY 1 FRIDAY

May Crude has support at Rs 2540

and resistance can be seen at Rs 2625.