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Friday, May 20, 2016

Technical pick of the day (Commodity) 20 May 2016





Short Term Delivery Call



Sell Silver (July) : Entry below 39600 

Lot Size - 30 

Add more lots on rise.

We clearly indicated the bearish trend in Bullion's.

Symmetrical triangle breakout.

Close below 39600 will take it to 39000-38800 marks in days to come.

Further more and more downside panic will be seen if closes below 38800.

Immediate hurdle at 39480.

Weekly close below 38800 , we will see free fall in silver.


In Comex Division , 

Support at $16.00 close below $16.00 will take it to 15.20-15.00 marks in days to come.









More will update soon.!!