Friday, January 18, 2008

Crude Oil
Market may trade in the range of 3500 to 3550. The trend continues to be weak on lowered demand due to a slowing US economy. A break of support below 3500 may cause a downard rally towards 3460 levels. Natural Gas
Natural Gas seems rangebound between 319 to 323. Overall trend seems bearish as inventories are ample for sufficing current demand. A break of support below 319 may cause prices to plummet towards 316 levels.
Natural Gas seems rangebound between 319 to 323. Overall trend seems bearish as inventories are ample for sufficing current demand. A break of support below 319 may cause prices to plummet towards 316 levels.

Trading Strategies for Gold and Silver (Intra day).

Gold seems to be bullish, Can initiate a buy position around 11030 levels with a stop loss around 10980 levels with a profit target of 11100, and next target 11150.

Silver
seems to be bullish can initiate a buy position around 20300 levels with a stop loss around 20200 levels and the profit target 20500 , next target 20600

Spread Strategies.

Gold
The spreads between Gold Feb and Gold Apr are hovering between 70 and 80 at present.
If the spread comes down to 65 the strategy would be Buy Apr and Sell Feb and reverse your position if the spread increases to 75
Silver
The spreads between Silver March and Silver May are hovering around 300 and 320 If the spread comes down to 290 the strategy would be to sell Mar and buy May and reverse your position if the spread increases to 310 If the spread goes higher to 380 then can do vise a versa also.

Arbitrage.
Gold Regular vs. Gold Mini

The spread between Gold Regular and Gold Mini is hovering around 0-3 Rs. If the spread increases to 10, then sell 10 gold mini and buy 1 gold regular and reverse your position when the spread
decreases to 2/4.

Silver Regular vs. Silver Mini
The spread between Silver Regular and Silver Mini normally is between the range of 3 to 10 Rs. If difference is around 15-20 the strategy here would be sell silver mini 6 lots and buy silver regular 1 lot and reverse your position whenever the difference minimizes.

Ref Soy Oil
Feb : Sell Feb contract at around Rs. 593.5 for the profit target of Rs. 590.2, stop loss - 595.2
Mar : Sell Mar contract at around Rs. 598.5 for the profit target of Rs. 595.0, Stop Loss - 600.0.

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