Crude update

 It seems crude has changed short term trend. It will move more upside to USD 90 and USD 100 and even more....Monday low will be stoploss....I will buy on dips...

Natural gas too will move up....I will buy on dips....

Commodity View for week of 24 to 28 January 2022

Crude Oil 

Crude is short term brearish and Long term bullish....Short term target near 6000. However Crude can move up till 6490-6556 zone and then fall from there for target of 6000...... 

and long term target near previous high. I will look to buy near 6000 or below 6000 depending on price action confirmation.

 Hello

I was not writting for a long time now. But now I hope I will get some time to write about commodity market.

I will post some of my trades here but dont take it right away. Please consult your advisor or do your own analysis. This will be just a view. 

Gold and silver update 25 April 2017

Covered all sell positions in sell at closing price today night and now started buying on dips ....

26 April 2017

Gold is not showing any signs of good bounce back.....Gold maximum upside will remain till 29050 levels....Now I will keep SL below 29500 for my buy positions and if it hits I will remain on sell side for long term.....Below 29500 Gold will fall much more in coming month.....Similarly for Silver

Commodity Update 23 April 2017

I am still holding my Sell positions in Gold and Silver....Though Silver has given me much good profit and Gold has moved slightly upside ...I have added more sell in Gold at 29446 ( 4 hr resistance at 29446)....it made exact high at 29447.....cheers....I will add sell till 29588 if it goes there.....

My stoploss for Gold will remain at 29802 and Target will be 28815.....I will buy Gold at 28815 or only if it breaks 29800....

Silver may or may not see 41800 level where I will short more silver with SL above 42100....Break of 41000 will see silver at 40800 and break of 40600 will take silver again to test 2016 lows....I will try guying at 40800 with small SL of 40700 for more upside movement and break of previous high.....

Lets see.....BUT YOU GUYS TRADE WITH PROPER SL AS PER YOUR EQUITY....DONT OVERTRADE.....

Base metals as told before I am adding more long positions....

Crude - I have booked profit on Sell positions and now I have no positions in Crude....

Gold Update

As I told before I am selling Gold on rise......But now I will hold my sell till 29040 and then I will start buying on dips till 27790 for big targets upside.....

Silver I will hold sell till 41400 and will keep buying on dips till 41000....for TGt beyond 45000 in this contract I hope...

Base metals as I said I am buying on dips and adding buy at each drop .....

Crude as did not cross 3520 I sold at 3400 and making good profit and will sell on rise for TGT 1800 minus....

No positions in NG

Commodity Update 13 April 2017

I have cleared all my Buy positions in GOLD and SILVER today at Opening.....

Now I think GOLD and SILVER will drop drastically.....Lets see.....

I will sell Gold and Silver on Rise.....I have sold GOLD and SILVER today morning and will sell on rise....

I am adding Buy on Base metals on dips and now I think they have reversed big time for upside targets.....

Commodity Update 10 April 2017

Hummmm.....

I am still holding all buy positions and will add more buy in Base metals......It is quite possible that base metals may go down some more but I will maintain my buy positions as still my equity is good.....

I still have Gold buy from 28000.....Base metals I have buy from higher levels ( Zinc bought at 180 and 173.5.....)

You guys trade safe with SL to reduce your losses.....Manage your funds and dont over trade....

I have been maintaining my buys at Base metals since I have managed to get Profit from Gold and Silver buy at lower levels....

Crude I will sell later after break down....No positions in Crude and NG....

Base Metals Update 3 April 2017

I have cleared all my buy positions as my Stop Loss hit....For past few days base metals have de-linked itself from Silver and its a matter of time when it will move together with Silver again....

I will take new positions tomorrow....I will decide on Price action...... I will buy again....I am still bullish on Base metals and I think it will surely break all time high....

I am still bullish on base metals because it has good risk reward ratio....I am sure I will cover all my loss due to SL hit by this week end....

I will buy Zinc near 173.50-173.60  or above today's high whichever is first.....

Commodity Update 2 April 2017

I was not expecting commodities to retrace and show some downside more than last friday.....

Yes indeed it did not break last friday low except Gold....

Anyways but I am buying Base metals and bullions on dips as positional trader ......As these commodities are moving sideways and consolidating there is nothing much on day trading ......

My targets still remain Intact.....as I am waiting and waiting for breakout to happen upside.....

For gold there are few small resistances in between till it break 30480 .....it will keep going up down.....But Still I have buys taken from 28000 in profit so not worried till it cross 28000 again as I have modified my sl to 28100....

Overall I am still bullish and keep buying on dips....

Crude oil I think may visit 3309 and then fall if not 3384 and fall....So adding sell on rise at these levels.............