Chart Pattern Signals 10.10.2012

Gold

MCX Gold December Contract is looking slightly negative for the day. Market may find support near 31270 & 31080; intraday resistance can be seen near 31380 & 31460. Day traders are advised to sell intraday on rise.  (Sell around 31380 with SL above 31460, for the target of 31270 & 31080.)

Silver

MCX Silver December Contract is looking slightly negative for the day. Market may find support near 61300 & 60800; intraday resistance can be seen near 61800 & 62300. Day traders are advised to sell intraday on rise  (Sell around 61800 with SL 62300, for the target of 61300 & 60800.)

Natural Gas

MCX Natural Gas October contract is looking positive for the day. Market may find support near 183 & 180 intraday resistance can be seen near 187 & 189 Day traders are advised to buy intraday on dips.  (Buy around 183 with SL 180 for the target of 187 & 189.) 

Crude Oil

MCX Crude oil October contract is looking positive for the day. Market may find support near 4860 & 4800; intraday resistance can be seen near 4930 & 4990. Day traders are advised to buy intraday on dips.  (Buy around 4860 with SL 4800, for the target of 4930 & 4990.) 

Copper
MCX Copper November contract is looking slightly negative for the day. Market may find support near 433 & 430; intraday resistance can be seen near 437 & 440. Day traders are advised to sell intraday on rise.  (Sell around 437 with SL 440, for the target of 433 & 430.)


Nickel
MCX Nickel October contract is looking slightly negative for the day. Market may find support near 942, 932; intraday resistance can be seen near 955 & 964. Day traders are advised to sell intraday on rise.  (Sell around 955 with SL 964, for the target of 942 & 932.)