As mentioned

We may see deep corrections in base metals ( Most probably after seeing upside movement tomorrow metals will start retracing or from Monday)....long term upside TGT are intact.....

Zinc hit 150...hold till 160+
Copper 404+...hold till 415+ and then 437+...( Copper has support at 397-398 level)
Lead 135+ Hold till 138+
NG 174+ hold for 181+
Crude 3800+..Hold till 4200+


Target pending

Gold 27600+27800+ ( 27600-26425 for possible reversal)
Silver 39000+ ( Watch 36000 - 35800-35600 for possible reversal)

I feel correction in Gold and Silver is over and now again it will continue upside movement....But if Gold stay below 26600 then it may fall till 26480-26250...

As told may times....Buy Gold on Dips...don't panic....

FOR 30 APRIL ....KEEP BUYING GOLD ON DIPS

Gold May open near 27000 or 26800....watch for reversal....

Remember my target for longt erm is still intact.....

SMALL TRADERS KEEP AWAY FOR TODAY NOW....MARKET WILL BE VERY VOLATILE

Gold booked at 27165 Bought at 27070......Now sold again at 27165 with SL 27200

SL hit

Bought at 27130 SL 27060....Booked at 27220 ( This is only for small traders....we are still holding Positional Long positions for more upside target)

Gold may reverse from 27060 .....but if it breaks 27050 then 26800

One can try buying near 27060-27065 with SL below 27050 .....Then if goes above 27130 in 1 hr then stay on buy side and change your SL to Cost....otherwise exit......Gold may see reversal from 27165 again for down TGT 26800.....so once  book between 27135-27165

If SL hit then wait for 26800 levels

Booked Gold @ 27200.....

Tomorrow we may see some sell off/ retracement in Gold till 26853-26800....

Watch this level for possible reversal again for upside target.....

But if stay above 27133 then we may see 27300+

If Gold close above 27150 then???

Gold closed below 27150....whats next???? call for free advice....

This what happened today...

 

THIS WEEK IS CRUCIAL FOR COMMODITY MARKET

THIS WEEK WE MIGHT GET CLEAR DIRECTION IN ALL COMMODITIES....

I FEEL TILL WEDNESDAY , MARKET WILL MOVE SIDEWAYS....SMALL TRADERS SHOULD WAIT TILL WEDNESDAY.....OTHERS WHO CAN TAKE RISK SHOULD TRADE WITH VERY STRICT STOPLOSS DEPENDING ON THEIR CAPACITY

Crude: Watch 3580-3578 level for reversal for TGT 3810+

OR WE MAY SEE BREAK OF 3570 FOR POSSIBLE SHORT TERM DOWN TREND......


NG : watch 159 level for possible down target or wait till break of 164 level for up trend......till then NG is trading sideways between these levels.......

Zinc: Keep buying on dips.....It is heading for TGT 160.90....

Once it breaks 144-146.......It may retrace in between but keep buy positions.....

Wat for retracement to initiate new buying levels......don't buy now

GOLD : UPDATED ON 26 APRIL, 2015

 Above is 4 HR chart for Gold....

It is trading in Ascending triangle.....On 24 April it has respected bottom trendline support and reversed....

Now we may expect a breakout above the top line at 26900....but then we have resistance at 26960-26967 level and then 26095.....break of 26097 can see Gold at TGT 27127-27145 and then 26300-26900-28500 in coming week...( Sorry I mean 27300-2700-28500)

But it push through down below 26600 then TGT 26425-26200....

I don't think the breakout will come down side as yet....but still trade with strict SL...

SMALL TRADERS SHOULD BE ON SIDELINE TILL THE CLEAR PICTURE COMES OUT.....

Copper

Watch 378.35 level.....buy above it if sustain for 1 hr.....we may see reversal from 378.35 for TGT 370-368-352

Gold : Gold has failed to reach 27000 today and has been resisted at 26917

 Break of 26917 will take gold to 27030-27095 and break of 27095 can take it to 27200+ levels



In my view following possibility is very less ....but can't say.....

If Gold don't break 26917 tomorrow , again we may see sell off in gold today...... if it break 26720 level again......

Watch out 26720-26710 zone for possible reversal....but if it break that zone with volume then we can see Gold going down till 26417-26350......break below 26350 can see TGT near 26200-26100

But break out of 26917 can open up TGT 26200+


followers had booked all long positions at 26870.....Now we will take fresh positions tomorrow depending on market conditions....

Crude and NG - Updated 24 April @ 10.am

Crude.....Watch 3719 and watch 3627-3604 level for possible reversal......for TGT 3810+, 4100+

Below 3600 we may see big drop in Crude for possible TGT near 3000......

But break of 3719 with volume can see possible TGT near 4200+ levels....

NG

As suggested before stay long above 159 for TGT 175, 187+

Gold : Gold can go till 26797-26870......

If sustain above 26930 for 1 Hr. then maintain your buying positions....for possible TGT 27200-27353...keep traling your SL.....

Gold may REVERSE from 26797 or 26850-26870 levels.....Watchout these levels......if so then  TGT 26350

Copper above 371 may bounce bacck till 377+ levels.....sell at that level with SL above 378 for TGT 369, 352

Crude : Below 3580 Crude may test 3326

Gold and silver hit the target....

Now if Gold close above 26780 tomorrow  then maintain buy positions..

Gold is trading near Channel low.....bounce back from here may test again 26890 and break it for upside movement.... But still there is no Confirmed sell signal....so as told before maintain SL 26350 and stay on buy side....

If Gold can hold 26568 for 1 Hr tomorrow then it may show break of upside channel....which is more possibility....Buy above 26568 with SL below 26500 for positional TGT 27291 and then 27600

But if Gold go till 26400 then we may see deep down movements....( but I feel Chances are very low...)

Trade with strict SL

Zinc May retrace till 134.50....Lead May retrace till 125-123

Gold

Gold has closed below 26950 and could not break it.....

Now buy above 26950.....Gold may reverse from 27024 .......Keep SL above 27100 and be on sell side.....

Or

Stay on sell side with SL above 27100....

Similarly Silver could not break 36550....and sustained below it.....Below 36300 Silver may go till 35800-35700....break below 35700 can take silver to 35100-35069 levels.....

Trade with strict SL 

Since copper is trading below 375 now....It is weak ....below 375 sell on rise for TGT 365.....

We may see reversal from 365 .....if not then break of 365 can see TGT 358 ...break below tis 352

Commodity Predictions : 20 April - 24 April 2015.......UPDATED on 20 April 2015 Midnight

OVERALL MARKET IS LOOKING BULLISH IN MAXIMUM COMMODITIES

Gold & Silver : Gold has resistance at 26840-26850....Next resistance at 27095....It is quite possible that market will open above 26850 on Monday....If it is so then we we will see big rally upwards on Monday......

IF NOT GOLD MAY RETRACE TILL NEAR 26650 LEVEL AGAIN....WATCH THIS LEVEL FOR REVERSAL

Gold may face resistance at 26890, 27095, 27353 while going for target 27682......expecting retracements at any of these levels.....

Buyers can maintain SL below 26350 for TGT  26890-27095 and break of 27095 can take Gold to 27353 and then 27658-27680

(Please remember, as told many times here long term/ mid term  target  still remains around 30000+ ( 30360 and then 33360 and may be more till 41000+ to 42000+)).......it may change depending how Gold reacts to 26682 and 28500 level....( We can expect retracement at 28582 levels) Gold still showing strong bullish signals.....

Silver is not making much movement upwards, limiting 36890 resistance level .....next resistance is at 39039....Once we see breakout at 36900 ( Most likely we can see this happening next week)

SILVER MAY RETRACE BACK TILL 36100-35900 LEVEL AGAIN.....WATCH FOR REVERSAL AT OR BELOW THESE LEVELS

Positional Traders who had bought at lower levels can trail their stop loss to 35490 and hold for upside target 39090 and then 40197, 4100- 41605 ( Or maintain SL of 35900 )

But buyers can maintain SL of 35800 and expect to break 36890 next week for TGT near 37500 and then 37900+....

Base Metals : Base metals may retrace next week and then go up again.....Safe traders should buy at right retracement levels or buy above Friday's high only......

Copper may show upwards movement above 375 as SL till 387, 391 (Copper may retrace from 391 to 380 nd then move upto 405-410+ may by next week)..... For now buy Copper on dips till 377-375.....I will update targets as and when it hits....

Zinc with SL below 137.50 maintain buy positions/ or keep buying on dips for TGT near 145.40-146.20-146.55...Positional  TGT 150+

Lead is heading for 132.20-136.50, 139.40 Positional TGT 142.90

Energy: Crude, though it is poised for big upwards target, may or ( may not) retrace possibly till 3415 and break below 3415 then 3365-3342-3315 levels .....Buy near that levels....I will not advice positional traders to wait for that retracement.....Positional traders can buy on every dips as per their risk apatite.....

Crude next target above 3560 is 3724 and then 4301.....but it will not go strait to 4301 from 3724 ....we may ( or may not see ) retacement at 3724.....so book your profits at this level and wait for confirmed break out at 3724.....POSITIONAL traders can keep their buy positions till 4301-4350

NG above 156 as SL is looking very strong for TGT 171, 175+ break above 175 (close of 1 day) can take NG to 187 levels....NG may retarce till 160-163 Buy till near 160.....

Sell Gold at 26760 SL 26830 TGT ????

Watchout for break / reversal below 26460


Booked @ 26750....Now waiting for break on either side

We may see break on upside.... 

Copper: Above 379 stay on Long Side....TGT 390+

Crude may test 3363-3350 level again....

Risky traders Keep buying gold on dips....safe traders buy above 26850

Just to remind ....As told before GOLD has resistance at 26810-26850......If sustain above this for 1 hr then only buy....otherwise sell....with SL above 26850

Look for reversal again at 26570 level....If gold stay below 26460 for 1 hr then be on sell side,,,,,

Sell Copper on rise Positional TGT 335

SL hit @ 379.....Wait for next call


Buy above 379.10...TGT 382.10-382.50

My overall Positional view....

Long in Gold for TGT near 27600+ ( In spot Gold (Comex) 1280-1300+.....Comex will not sustain below 1180....) keep buying on dips....Silver keep buying on dips too....

Now if you get ....buy more again near 26550-26570 .....For TGT near 27020+


.....Crude - 4110-4600+......

Stay Short in Copper TGT near 335 minus

Crude has hit our positinal TGT 3500....Now 2nd Positional Target 4110...and 3Rd TGT 4645 ......Keep buying on dips

Buy Gold near 26470 with Sl 26470

Stay long in Silver above 36000.....If Silver close below 36000 on daily basis then Silver is weak....maintain Strict SL 36000 for silver buy call

Crude : buy on dips today for TGT 3500+ ( Positional)

Expect a bounce back in NG today

NG above 156 may bounce back till 164-166+ levels....maintain traling SL

Watchout 26650 level in Gold.....Buy above it ......or....sell below this level

Gold is consolidating and moving sideways.....safe traders should wait for confirmed break out on either side.....

Confirmed break out means Gold should trade 3 days below support or above resistance.....

Intraday traders should book profits quickly and maintain strict stoploss....we may see too much volatility before any major move....

Gold may hold 26550-26520 level....Upside range 26810-26866 maximum....

Gold will trade between these range today.....If break 26550 then next support 26480.....

My view today is buy on dips and sell the rally

Gold buy only if 1 hr candle close above 26810 and sell only if candle close below 26650

Wait for breakout above or  below....

Stay Short in Copper and Long in Crude

Buy Gold Only above 26650......wait for that level......

Gold and Silver : Updated 10 April 2015

Since Gold and Silver has not shown upward movement today.....watch out for break below yesterday's ( ( April) low....

Gold and Silver may fall more......Trade with strict Stoploss

But If sustain yesterday's low then we may see big reversal......

Check my post of 6 April....Gold Silver will rise today.....But still maintain strict stop loss

Thank you all followers who followed my opinion.....Enjoy profits.....Gold and Silver falling as I thought.....read my post of 6th April

Gold & Silver: Updated on 6 April 2015

Buy Gold above 26600....TGT 26900 +, 27600+......

As I always had told many times....above 24800 GOLD remains strong but in between we can see retracements.....but long term Gold is positive and maximum of it will come during April.....( April 6 Gold will rise and then fall (retrace)....April 9 Gold will rise again .....April 14 Gold will retrace again......and so on....)....

Till Gold and silver give a confirm breakouts, both will trade range bound.....Strategy to trade will still remain Buy on dips and sell the upward rally......

Gold may test 26000 and 25650 levels again if it break 26000 level......
Silver below 37000 may test 36600 and break below 36600 can test 35400-35300 levels.....

Maintain Long positions in Crude for more upside targets for short term.....Crude may consolidate next week and will trade range bound between 3450-2800 levels

If Gold fail to break 26600 then it will surge to new high

Gold and Silver may retrace today and then go up again....watchout levels previously mentioned

Gold May retrace till 26560,26500,26433,26325.....watch out for possible reversal at these levels

All Metals, Gold, Silver are now in up trend and have finished bottoming out....

As today new contract started....these commodities are showing uptrend now...

gOLD WILL REMAIN SIDEWAYS....BUY ON DIPS AND SELL ON RISE

Silver

Silver below 37000 may drop till 36300-36050 levels.....watch this zone for possible reversal.....