ALUMINIUM TREND FOR TODAY- 20-April-2013

 Aluminium is bearish for medium-long term .Currently Aluminium is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the Aluminium above 104 or buy with strict stop at 98. The oscillator is showing BUY signal For short term Aluminium is in HOLD SHORT position.Positionally Immediate support for Aluminium is 98.Resistance for the Aluminium is 102-103-105-107-108-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD LONG position Aluminium is moving sideways so short term investor better to buy only above 102.95 with stop at 98.05 The Aluminium is now trading is approaching overbought level. The oscillator is on SELL signal and Aluminium is coming down from overbought level
Intraday Trend- Buy is advised above 102.3 with a stop at 99.7 Below 98.9 go for sell
Intraday Resistance of ALUMINIUM are 101.4/102/105.8/108.7/113.8/116.6/122.1/127.6
Intraday Support of ALUMINIUM are 99.8/99.2/96.2/93.5/88.9/86.5/81.9/77.4

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SILVER TREND FOR TODAY- 20-April-2013

Silver is bearish for medium-long term .Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 42240.Resistance for the Silver is 47424-48746-50795-52630-54472-55508-

Short term and Intraday Level of SILVER

Last few days Silver is moving down and the trend looks weakCurrently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 44006.0 Selling pressure seems to be deceasing so Short term investor with risk aptitude can enter again if it close above 44265.0 but caution- close Below low5 fresh selling can occur The Silver is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 43770.7 with a stop at 42459.2 Below 42080.3 go for sell
Intraday Resistance of SILVER are 43303.7/43683.4/44313.6/43454.9/43559.2
Intraday Support of SILVER are 42544.3/42164.6/41534.4/42625.1/42521.9

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GOLD TREND FOR TODAY- 20-April-2013

Gold is bearish for medium-long term .Currently Gold is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 25169.Resistance for the Gold is 27384-28086-28714-29201-29648-29971-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is moving sideways with low volatality so short term investor better to buy if close above 27450.0 close below 25270.0 Sell will happen. The Gold is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend-Intraday better to buy above 26736.6 and Sell if below24875
Intraday Resistance of GOLD are 25995.5/26154.5/26169.5/26250.5
Intraday Support of GOLD are 25612.5/25453.5/25526.5/25446.6

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LEAD TREND FOR TODAY-18-April-2013

Lead is bearish for medium-long term .Currently Lead is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The oscillator is on BUY Signal and Lead is recovering from oversold level For short term Lead is in HOLD SHORTposition.Positionally Immediate support for Lead is 108.Resistance for the Lead is 112-114-118-122-123-

Short term and Intraday Level of LEAD

Currently Lead is in HOLD SHORT position Lead is in down trend so buy above 111.0 The sell will again come if below 108.0 The Lead is now trading is approaching oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 110.8 with a stop at 107.5 Below 106.6 go for sell
Intraday Resistance of LEAD are 109.5/110.3/111.7/114.4/117.4/122.6/125.5/131.2/137
Intraday Support of LEAD are 107.9/107.1/105.7/104.3/101.5/96.8/94.2/89.4/84.7

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CRUDE OIL TREND FOR TODAY-18-April-2013

Crudeoil is bearish for medium-long term .Currently Crudeoil is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Crudeoil is in SELL position.Positionally Immediate support for Crudeoil is 4647.Resistance for the Crudeoil is 5006-5075-5098-5106-5124-5133-

Short term and Intraday Level of CRUDEOIL

Currently Crudeoil is in HOLD SHORT position The Crudeoil is in downtrend For short term buy only if close above 4855.0 The Crudeoil is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 4785.9 with a stop at 4654 Below 4616.4 go for sell
Intraday Resistance of CRUDEOIL are 4737.1/4773.1/4833/4859.8/4894.7
Intraday Support of CRUDEOIL are 4664.9/4628.9/4569/4584.9/4551.1

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COPPER TREND FOR TODAY-18-April-2013

Copper is bearish for medium-long term .Currently Copper is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Copper. The oscillator is showing SELL signal For short term Copper is in SELL position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Copper is 378.Resistance for the Copper is 405-407-411-420-428-432-

Short term and Intraday Level of COPPER

Copper and closed below 1 week low with volume signals down breakoutCurrently Copper is in HOLD SHORT position The Copper is in downtrend For short term buy only if close above 398.0 The Copper is now trading is approaching oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 390.4 with a stop at 376.6 Below 372.5 go for sell
Intraday Resistance of COPPER are 385.2/389.1/395.5/400/409.6/414.9/425.2/435.5
Intraday Support of COPPER are 377.6/373.7/367.3/361.1/356.1/346.7/337.4

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ALUMINIUM TREND FOR TODAY- 18-April-2013

 Aluminium is bearish for medium-long term .Currently Aluminium is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing BUY signal For short term Aluminium is in HOLD SHORTposition.Positionally Immediate support for Aluminium is 98.Resistance for the Aluminium is 103-105-107-109-

Short term and Intraday Level of ALUMINIUM

Currently Aluminium is in HOLD SHORT position Aluminium is moving sideways so short term investor better to buy only above 102.95 or hold with stop at 98.05 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 103.1 with a stop at 100.7 Below 100.1 go for sell
Intraday Resistance of ALUMINIUM are 102.2/102.8/103.7/106.5/109.4/114.4/117.2/122.7/128.3
Intraday Support of ALUMINIUM are 101/100.4/99.5/96.8/94.1/89.5/87/82.4/77.9

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SILVER TREND FOR TODAY- 18-April-2013

Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend .. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 42582.Resistance for the Silver is 49088-49950-51712-53136-54908-55817-

Short term and Intraday Level of SILVER

Last few days Silver is moving down and the trend looks weakCurrently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 45828.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 44514.1 with a stop at 43147.4 Below 42751.1 go for sell
Intraday Resistance of SILVER are 44028.1/44425.2/45084.4/43996.5/44101.4
Intraday Support of SILVER are 43233.9/42836.8/42177.6/43161.5/43057.7

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GOLD TREND FOR TODAY- 18-April-2013

Gold is bearish for medium-long term .Currently Gold is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days volume based selling happened in the Gold. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 25169.Resistance for the Gold is 28167-28564-29037-29377-29778-30070-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 26494.0 The Gold is now trading in highly oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 26209.4 with a stop at 25389.1 Below 25150.5 go for sell and put stop at 25969.9
Intraday Resistance of GOLD are 25935.5/26148.5/25992.8/26073.5
Intraday Support of GOLD are 25422.5/25209.5/25351.9/25272.3

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HOW LOW WILL GOLD GO ??

Gold was THE place to be for nearly 12 years, moving from $250 per ounce to over $1900 per ounce while the stock market gyrated on its seesaw ride. You could not go wrong. Many pundits made an entire career over that stretch. Then something happened. 

No sooner did Gold break 1900, with calls for a brazillion dollar target, than it went flat line. It just seemed tired of running higher. 

Instead of going up forever, Gold entered a a sideways channel between 1550 and 1800, where it stayed for 18 months. Until Friday. My readers have been hearing about the channel for a long time with the warning that a move under 1550 would change things from neutral to bearish. Well that warning was accentuated Friday with the first breach of the channel. And the follow through Monday left no time to sit around and ask your friends what to do. 

This yellow rock is no longer in fashion. It has the plague, aids or leprosy. It is radioactive. People cannot get rid of it fast enough. It may bounce as the daring onlookers touch it, but this has been a very long run higher. It is unlikely that 2 days is all it takes. So just how low can it go? Lets look at a few different perspectives. 

Gold, Fibonacci Retracement

The Fibonacci levels show that the 38.2% retracement of the long trend higher stands at 1283.27. With the recent moves it could reach that by today. If it fails, 1086 and then 890 are up next. It's hard to believe calls for over $2000 recently with the current backdrop.

Gold, Andrew’s Pitchfork

 GOLD 1

The Andrew’s Pitchfork applied to Gold shows a breach of the Lower Median Line. That in itself does not mean a continued move lower as it will continue to attract it back higher. A break of the dotted line though, the Hagopian Trigger Line, at about 1225 would trigger a bearish long term entry. Good news and bad news. We're not there yet, but the metal could also fall a lot more before any need to reverse.

Gold, Trend 

 gold-trend

The final view, straight trend analysis with support and resistance, shows a break of the rising trend support and the 50 month SMA. There looks to be some support at 1200 but the 100 month SMA is lower at 1038 and the RSI and MACD are falling like they just discovered gravity. This run lower is not over. 

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