As expected all commodities retraced on friday....Now where to buy??? For any query call.....
Further retracement in Gold, Silver and base metals can not be ruled out....These metals have tested their supports on friday 18 July 2014 and showing reversal candlestick patterns.....But since the momentum is still strong, this pattern may fail ( my opinion it will fail ) and there MAY not be further retracement....so watch out breakdown below Friday's low ....any trades below Friday's low with volume can take base metals to their next support.......Fresh buyers wait for right levels to buy again.(Paid customers are already informed) .......Positional buys can maintain their trailing SL and wait ...but our Up targets are still intact.....FURTHER UPDATES AFTER SEEING MONDAY"S OPENING / CLOSING.....
Positionally - We are still positive on Gold, Silver and Base Metals
NG may bounce back and test 246-249-253.20 levels again and then may again drop down....
Crude with SL below 6150 maintain long positions ....Crude heading towards big TGT ......
Further retracement in Gold, Silver and base metals can not be ruled out....These metals have tested their supports on friday 18 July 2014 and showing reversal candlestick patterns.....But since the momentum is still strong, this pattern may fail ( my opinion it will fail ) and there MAY not be further retracement....so watch out breakdown below Friday's low ....any trades below Friday's low with volume can take base metals to their next support.......Fresh buyers wait for right levels to buy again.(Paid customers are already informed) .......Positional buys can maintain their trailing SL and wait ...but our Up targets are still intact.....FURTHER UPDATES AFTER SEEING MONDAY"S OPENING / CLOSING.....
Positionally - We are still positive on Gold, Silver and Base Metals
NG may bounce back and test 246-249-253.20 levels again and then may again drop down....
Crude with SL below 6150 maintain long positions ....Crude heading towards big TGT ......