Gold and Silver : 31 March 2015

Gold and silver are moving sideways to down side......

But still it is hard to say where it will head to.....Upside now limited to 26980 .....
Volumes are not supporting down side.....but can't say, it may pick up any time......This week seems sideways movement....

TRADE WITH TIGHT SL.....

wait for good buying levels in gold, silver, crude, base metals

Copper, Crude and NG : 28 March 2015.....UPDATED ON 29 MARCH 2015

IT IS QUITE POSSIBLE THAT GOLD AND SILVER MAY NOT BREAK FRIDAY'S LOW......
SAFE TRADERS MAY BUY ABOVE FRIDAY'S HIGH.....ANOTHER UPSIDE RALLY IS ON ITS WAY....BUT STILL WATCH OUT FOLLOWING LEVELS TOO....KEEP BUYING ON DIPS.........

ALL BASE METALS WILL FIND NEW HIGHS IN COMING WEEKS......

Copper:

Copper has support at 382 level ....break below 382 can take copper to 375-376 level .....or 357-358 level.....below that copper may test 342....

But failure to break 382 on daily closing basis can take copper to 402-408-411 levels.....

Crude:

Crude has support at 3090 .....below this crude may test 3050-3026 levels.....If break below 3000 then crude may test previous lows.....

Failure to break 3090 crude can go till 3450+ and then may be 3530+ levels.....

Safe Traders can buy above 3225....TGT 3415 and above

NG :

NG is looking WEAK at the moment .........

NG has support at 165....below 165 , 163 and 161.50 is another strong support.....if it is broken then NG may see 155-142 levels.....

watch out above levels for any pull back .....

If fail to break 165 then Break above 171 will resume up run for NG.....

Gold & Silver : 28 March 2015......UPDATED ON 29 MARCH 2015

IT IS QUITE POSSIBLE THAT GOLD AND SILVER MAY NOT BREAK FRIDAY'S LOW......
SAFE TRADERS MAY BUY ABOVE FRIDAY'S HIGH.....ANOTHER UPSIDE RALLY IS ON ITS WAY....BUT STILL WATCHOUT FOLLOWING LEVELS TOO....

KEEP BUYING ON DIPS......WE WILL SEE NEW HIGH IN COMING WEEKS....

Gold :

Gold has retraced and tested 26380 levels on Friday and pull back from there till 26600 level.....Till gold is surviving below 26635-26640 level Gold below 26380 may pull back till near 26200-26080-25800-25600 levels....

Keep booking profits at these levels with TIGHT STOPLOSS ....use Trailing Stoploss......

Gold has a potential to again retest 25580-25600 levels.....Gold may bounce back from any of these levels.....or may continue its up run from present levels for TGT 27600+ levels

BUT keep a watch on 26640 level....if it is broken with volume then Gold can surge to 27200+ and more upside levels till 27600-27700.....
 
So wait for breakout either above 26640 or 26380......Gold may move sideways for some sessions between these levels before break out on either side.....

SMALL TRADERS SHOULD BOOK PROFITS AT REGULAR INTERVAL TILL GOLD CROSS 27100




SILVER:

Below 38200 Silver can test 37535 level again.....watch out 37535 level for either pull back or breakout with volume.....or may continue its up run from present levels for TGT 38380+- 39850+ levels

Breakout below these level can test 37060 and below this 36580 levels.....

Pullback from 37535 levels can take silver to new High around 39070 which is strong support....Silver may break this with volume to show 39700-41000 levels next week.....

TRADE WITH STRICT STOPLOSS........

I AM STILL BULLISH AND WILL WAIT FOR RIGHT LEVELS TO ENTER IN LONG POSITIONS....

Watchout GOLD at 26956-26957 level....It may pull back from there to 26530-26550 level....

Safe traders buy Gold above 27080 only

MARKET HAS OPENED AT TRICKY LEVELS....TRADE WITH STRICT SL....

IT IS SHOWING NO DIRECTION AT THE MOMENT....WAIT FOR CONFIRMATION ON EITHER SIDE

Trade with strict SL.......or wait for breakout above yesterday's High or Low.....

Gold and Silver - 27 March 2015

In the evening session on 26 March, 2015....It looked like Gold and silver might have reversed and thats why all other commodities also......

But all commodities has not crossed the support to show that it has reversed.....

Check out yesterday's High or low.....Trade with breakout on either side with volume.....I feel - we may see break out on higher side.....TRADE WITH STRICT SL

SO STILL ALL COMMODITIES ARE IN BUYING ZONE.....SO NOW TOMORROW LOOK FOR BUYING OPPORTUNITY.....

Buy gold at 26700 add more around/ above 26670-26650 fot TGT 27300-27400-27668+
Buy silver at 38510 add more around/above 38340-38360 for TGT 39280-39500-39868+

Long term target for Gold 28300+ and Silver 42130+

Copper TGT 402-405....
Lead TGT 118-120
Crude TGT 3550
NG TGT 184-197-220

For other commodities please call ....NO charges...its freee....

All Commodities MAY retrace tomorrow.....trade with strict SL......

In my opinion all commodities may retrace again .......except Crude and NG, we will have to see the opening of crude and NG, then we can see whether it will retrace or not....

But Gold and Silver may fall again.....It may be continuation of down trend....

Base metals may have reversed for upside movement but bullion down movement may pull back base metals ( retracement).....and that may pull back crude and NG too.....

Lets see tomorrow what happens.....

Keep visiting this space for updates....

Dont buy any Commodity today.....market might have reversed to make new lows....

Sell Gold and Silver.......It is heading for new low

Gold: Gold can go till 26600-26700 ....It may retrace from there till 26200-26100 levels ...

Lead : Buy Above 116 TGT 118.6-118.90

NG: Maintain SL 167 for TGT1 180.70 , TGT2 197+

Stay Long in crude for TGT 3540 .....Positional

Sell Gold @ 26344 SL above 26500 TGT 25800 and more

Buy NG @ 170 SL 167 TGT 175

Sell below Copper @ 386.70 SL 388 TGT 380

Gold Update : 22 March 2015

Gold now is showing short term up trend....Below 26224 Gold can retrace till  NEAR 25941, 25870, 25774.....Buy near these areas ( mostly between 25774-25870) for the target near 26400-26600

Gold can maximum go till 26800 ( or may not).....from there it will again come down to retest 25480-25600 area..... watch for break below 25400 for much lower TGT ....

Crude : 22 March 2015

Crude may retrace to 2909-2887 BELOW THIS 2868-2846....Buy between these levels for TGT 1 - 3103, TGT 2 - 3303 - TGT 3 - 3500+

But break below 2780 can take Crude to much more lower levels

NG may test 167.40 level....reversal is possible from 167 or 161 level

Crude may test 2650-2640 level again....buy near that with SL below 2600.....( it might just test 2580...)

Buy copper only above 374 .....copper may reverse from 373.80-374 levels....or before that

Copper may test 364-366 zone again....if it break 364 then go for sell again.....

Selling SL remains above 376 as suggested earlier

Gold Update :

Gold may got till 25070-26140 ......watch out these levels we may see reversal from these levels to 25650....

For further updates read following link of 14 March 2015

http://suprememcx.blogspot.in/2015/03/gold-and-silver-update-14-march-2015.html

Today's calls

Sell Copper near 363.80-364 TGT 352......Positional
Sell NG
Buy Crude near 2700-2695

TODAY'S CALL : SELL ng BUY cRUDE

COPPER : STAY SHORT WITH SL ABOVE 376...TGT 356-354....POSITIONAL

GOLD: MAINTAIN SHORT POSITIONS WITH SL ABOVE 26100

Keep Selling Gold and Silver on rise....

Copper:

Wait for breakout ( Daily closing ) above 376 or 368....

Now Copper may retrace below 376 till minimum 370-368.....

Crude

Stay long above 2700 for TGT 3300+

GOLD

Wait for break out above 26070 or down 25550.....

Breakout above 26070 will open out for TGT 26129, 26360+

Breakout below 25500 will openout TGT 25200, 24800+

SMALL TRADERS SHOULD STAY AWAY FROM MARKET TILL THURDAY .....ALL COMMODITIES WILL HAVE CLEAR DIRECTION FROM THURSDAY MORNING

Copper : 14 March 2015

Copper has closed above 375....Above 375 stay long for 380-382....

If closing above 382 then Copper will see much above TGT....TGT 1 = 405

Crude and NG update : 14 March 2015

Crude: As expected Crude hit our TGT 2846.....Now above 2800 stay on Long side for TGT 3302.....

NG : NG above 168 stay on Long side for TGT 197, 202, 220...Sell only below 163.....

Gold and Silver Update : 14 March 2015 .....Will keep updating this post till Monday Opening

Gold and Silver has bounced a little and showing signs of reversal.....But it will be only for very short term basis.....

Please remember Friday's High and Low for these commodities....a break on either of these (Up or Down) will tell you which side Gold and Silver are moving.....But it seems, UP SIDE MOVEMENT IS ONLY FOR SHORT TERM ......IT WILL REVERSE QUICKLY ......BOTH ARE NOT YET BOTTOMED OUT????????????...We will know the answer in coming 1-2 weeks....

We will cover all Long positions Early Monday....I don't expect any major movement till Wednesday as Federal Minutes of meeting will come at 11.30 pm India time on Wednesday ......Thursday and Friday we can see major movements ( Mostly Upside)......small Traders should keep booking profits quickly OR stay away till Thursday.....

In my opinion Gold can go up Maximum 26129 with outer limit to 26366... ( Break of 26366 with volume can take Gold to 26664 level, we will have to watch the movement next week carefully to analyse the direction of Gold in coming months) and then Gold may reverse to see 25650 and break below 25650 can take Gold to 25500-25367-25148-24875.....and break of 24800 if hold then Gold may drop to much lower targets....trade with Strict SL....

But if Fail to break 25650 on its reversal then we may see strong upside movement to reach new High of this year......

My Long term view is still Bullish above 24800....

For any query please feel free to call.....( No charges...Free of cost.)


 

Crude: Stay short ...sell on rise for TGT 2850.....buy at 2846-2842-2850 for TGT 3302

MEANTIME WATCHOUT FOR 2900-2960 LEVEL FOR POSSIBLE REVERSAL......

Silver TGT for 13 March 2015 is 35750+

BUT TRADE WITH CAUTION AND SL......ANOTHER DROP ON GOLD AND SILVER IS EXPECTED TODAY

Copper : Buy above 375 or sell below 368....

NG update: Above 171 Keep buy on dips for TGT 197+.....Sell Below 168 only

Copper Update: 8 March 2015

Copper has failed to survive above 375 and currently trading below 370....

Stay short below 370 for TGT near 348-342.....

Buy above 372 only for TGT 380-382....copper may reverse from 380-382 for much lower TGT....

Gold and Silver update : 8 March 2015

Gold and silver are not yet bottomed out.....

Gold and silver may find new low in coming days.....WATCH FOR 24850 LEVEL FOR SHORT TERM UPRUN......till 26270-26340 watch these levels for break above it or reversal from these levels and then down moment again......but if survive above 26380 then possible maximum upside is 26600+ levels.....

It is quite tricky but maintain strict SL and watch for break up/down / from above mentioned levels.....

For further update read following post which was posted on 2 March 2015

http://suprememcx.blogspot.in/2015/02/gold-may-go-till-26680-26770-26780.html

Crude NG Update : 7 March 2015

Crude below 3200 may fall down till 2980...book profits at this level....( and then it will retrace to some extent and then may fall till 2852 .)....buy at these level for TGT 3302......

NG - above 174 keep buy on dips view for TGT 190-197-202-208

Gold and Silver : wait for today's opening, then will give you direction...

NG : Stay long above 175 as SL....book at 180.30- 181.90.....From there we may see reversal.....( 197 will come but will take time)

Crude update : Crude hit SL @ 3252....Crude maximum upside during the month is 3302-3305....if sustain these levels then 3500

Buy Copper @ 366 SL below 364 TGT 380-382 Positional

Copper :As updated earlier copper is heading for 2nd TGT 380-382....buy on dips

NG update: NG will drop at the time of Inventory......Buy after the drop comes....TGT 197 positional.....

Crude update : Crude will move sideways with upside momentum during the month.....So buy on dips.....maintain strict SL

Gold and Silver - Now on look for buying on dips.....buy buy buy

BUT maintain strict SL always....both are very volatile

Copper may pull back from 371 to 366-364 ...

Evening call - Sell Crude SL above 3250 TGT 2950....Hold till 2950

Book Gold sell calls @ 26232-26280.....and wait for next call

Gold and Silver for the week will trade sideways....so buy on dips and sell on rise.....quickly book profits......

Both will need to give breakout on either way to decide the trend.....so dont wait for targets .....keep booking profits and maintain strict SL

Todays Calls

Sell Gold and Silver on rise....
Sell Crude on Rise
Buy NG on Dips
Buy Copper and Base metals on Dips

Crude TGT (3198 ) almost hit....we covered buy call at 3160......now sell crude on rise tomorrow and hold....we may see drop on Wednesday....

Copper Hit TGT 375.....buy given at 355 .....Capacity traders hold for next TGT 380 ......

CRUDE UPDATE - 1 MARCH 2015

CRUDE TILL SURVIVING ABOVE 3010 STAY LONG FOR TGT 3193....IF BREAK 3200 THEN TGT 3458, 3690, 3760 IN COMING WEEKS.....WITH SL3000

BUT IF CRUDE BREAK AND SURVIVE BELOW 3000  FOR 1 HR THEN GO FOR SELL SIDE FOR SHORT TERM ONLY.....

OVERALL FOR LONG TERM MY VIEW IS STILL POSITIVE BUT BELOW 2700 CRUDE WILL BE VERY BEARISH.....

CAPACITY TRADERS CAN BUY TILL 2756 WITH SL BELOW 2700 FOR TGT 4800+ LEVELS AND MAY BE MORE AS SUGGESTED BEFORE......THEN ONE MAY NOT SEE 2700 FOR LONG TIME.....