Base Metals....

Base metals are expected to drop more now ....But I feel it might consolidate and then drop......so look for selling opportunities in Base metals

Crude and NG

NG Sell call is booked and now we will look to buy NG for pull back for TGT 183+....But NG is weak so Buying may be dangerous....

Crude Sell call is still running for Downside TGTs to be achieved.....But If Crude break 3900 then we will have different view.....

Gold Intraday Buy @ 26778 SL ??? TGT 27940-27100

Booked Zinc @ CMP 143.20....Wait for next call

GOLD UPDATE - For POSITIONAL TRADERS - 29 MAY 2015

Gold has shown a bounce back today......

If it is not reversal then Gold can go maximum down till 26650-26660 levels ......confirmed break of 26600 can take gold maximum down to 26490 levels.....

Gold might reverse otherwise from either 26660-26650 or 26490 levels.....for much higher targets ....1st TGT 28500+ and 2nd TGT above 30000 ( Around 30300-30400)

So Buy at Current level plus buy at 26650 and 26490....SL below 26400......

Positional Traders Hold Zinc till 144+....Buy Call given yesterday

Trail SL to 141

Buy Gold on Dips...TGT ???

Positional traders Buy call will be activated soon activated.....ACTIVATED.....

Now we can see 500-800 Points upside move....Hold all buy positions.....

Safe Trades buy above 26920.....SL below 26800...Hold till 27600+.....TGT 2 - 28XXX ???

Tomorrow Copper Sell Below 393 Tomorrow.....TGT 387 ( Intraday) positional traders hold till 368 and the may be 332....will see after 368

Buy Gold after 5.30 Pm.....SL today's low.....TGT 27100+ (Intraday)....Positional buyers hold

Safe traders buy above 26975

Buy Zinc for TGT 143+....SL???

Gold may drop further till 26953....or more till 26400

But still long term Bullish....

I will wait for buying level and will not prefer to sell

Gold is likely to find support at 26800-26960 area.....Hold all Long Positions....

Gold is not willing to go to anybody's party ....Neither Bulls nor Bears.....It is jumping up and down.....Its getting simple to trade .....Sell the rally and buy in dips.....

Gold  had not recovered much on Friday from it's fall to 27053....Immediate supprt area is 27000-27054....Now trading above support area.....It has resistance at 27150-27165-27184- 27220, and then 27350.....Watch out all these levels ( Not exactly but near these levels) we might see downwards movement......

Gold below 27000 has Support are between 26953-26800.....

If Gold Break/Close below 26800 then it may continue Short term Down trend.....

Safe Traders wait for break of 27350 for fresh buying.....If Gold go below 26800 then we may see TGT near 26400....Break of 26400-26200 area will bring TGT near 25600....

My advice is hold Long positions with Trailing SL 27900.....and book positions at 27165 ( Wait for Next call then)......If SL hit then wait for next call.....

For Positional traders......Keep buying as per your capacity till 25600.......( If it comes).....

Hold Gold and Silver Buy position..

Gold is weak bellow 26990 on daily closing basis....For Positional call running from long time

Crude is weak only below 3850....Above 3850 stsy long

Stay long in Gold and Silver today.....Look for buying signal....

We may see new low and then Gold and silver will rise...

27055...watch this level...if it comes then we MAY see reversal there....

Buy Silver above 38180 SL much below 39000 TGT 40120+

BUY GOLD ABOVE 27300 SL 27200 TGT 27550+

or buy gold on every dip till 27800 max....sl 27750...tgt 28000+ positional

Buy Zinc above 138,50 SL below 138 TGT 142.50

Booked full profit @ 139.60

If break 139.60 then 141.50-142.50....otherwise it may fall till 137.50....But below 141.50 Zinc may reverse for 137.50 any time

SELL ZINC @ 139.60 SL ABOVE 141.50 TGT 137.50- MAY BE MORE DEEP TILL 137

Booked Partial profit in Crude buy call @ 3815

If Break 3820 ....nxt TGT 3850....Trail SL to 3800

Today Buy Crude before inventory with SL below 3700

Wednesday and Thursday will see upside movement in Gold and Silver....

Watch out 27800-27950 Levels for possible reversal.....Or Break out at this levels......

WATCH 27200 for break down.... 

Gold seems to have taken solid support at 27200 level....Trend will change only after closing below 27200.....

Book all your shorts near 27350 ....stay long....

Check 27200 level...if broken with volume 27070, 26950, 26800 on cards....keep booking profits....

As expected Gold and Silver is retracing....cheers....take profit and wait for reversal...

Gold may retrace and then go up again....look for buying opportunity only....Change your Trailing SL....

Watch 27550-27570 Zone.....Gold may retrace from these levels to up to 26850-26800 levels......Buy at these levels if it comes or Buy only above 27600+

Commodity Update 16 May 2015.....More final updates on 17 May 2015 to follow....keep visiting

Gold

Gold below support 27200  may retrace further near 26800 ( there is a gap which need to be filled)....Watch 27200 level......Break of 26800 can take Gold till 26650 level....( Another gap to be filled)

As of now watch 27520-27600 resistance zone....Gold may see resistance again in this area.....and reverse...so unless this zone is crossed with volume for ( TGT 27850+)....don't initiate fresh buying.....hold your buying positions with trailing SL below 27400 levels....

But still my short/long term view is Bullish and we my see Gold making new highs in coming months....I would be looking for buying opportunities and I will not opt for selling for retracement....

Silver:

Silver below support 39200 may retrace till 37800-37500 zone......further break down can take silver to 36700-36400 zone...

Silver has resistance near 40100-40200 zone....If this is crossed with volume then more upside can be seen.....

Still my long term target on upside remains same......

I would take these down runs as retracements for more up side to come....both these commodities are in overbought area and retracement is expected soon.....

Copper

Copper has shown consolidation in between 420-410-409 area.....it has failed to break 410 on daily closing basis....

Now till 410 is broken on daily closing basis, stay long for TGT above 422.....

Below 410 on daily closing basis , copper has potential to fall down till 399-370 levels....which is most likely to happen......

My view after breaking 410 on daily closing basis - Stay short for long term ....Copper will break its previous low and show much more lower targets.....

Zinc:

Zinc has failed to break 144....Watch 144 support area for a bounce back for TGT above 153 or more....

Breakout of 143 with volume can show tgt 137-135......

Buy above 146.50 with SL below 144.....

But for now my view is sell on rise below 154.35......Zinc seems to have topped out at 154.35.....Zinc may fall and break previous levels also....1 st TGT 124.35....once that is broken will see market movement ....but I can see zinc going much deeper than 100 ...somewhere around 93-97 levels...

Crude :

As expected crude is in retracement process but it has a strong support at 3700 level which it failed 2 times to break.....

Crude has resistance at 3807 level ....if it is broken we may see crude testing 3900+ zone again.....but till it is trading below 4000, sell on rise....

I am expecting atleast 400-600 points correction below 3700 level.......

But in my view since Crude has failed to break 4000 and might have revered to continue its fall below 2500 levels till 2000-1800-1600 levels.....Yet to be confirmed .....only next week movement can decide....If crude close below 3700 next week then we can confirm that down trend will continue.....

My advice will be to close all Long positions and stay on short side....fresh buying is only above 4000.....keep SL 4000 for crude short positions .....

NG

Below 194 keep sell on rise view......NG may retrace/ down trend is expected any time......

Buy only above 194 on daily closing basis.....

NG will also continue down trend but I feel it may not cross 194 .....Yet top of down trend is not confirmed but as of now 194.....Stay short to see new lows in NG in coming weeks....

FOR ANY QUERIES OR DOUBTS ANYONE CAN CALL .....NO CHARGES .....FREE ADVICE....

TRADE SAFELY WITH STRICT STOP LOSS....

Gold : Gold may drop till 27300 ......Look for reversal at 27300 level for TGT 27600, 27700, 27750+

Don't sell for this level ....it may not come as Gold is very strong....

Keep buying ....

Crude & NG - Updated 17 May 2015

As told before stay on sell side in both commodities....Crude already showing down trend ( Short term)...Now NG also will start dropping....

Crude and NG seems topped out and May drop down......

I had covered all long position as told before and now at selling side in both.......NG if goes more up I will term it as selling opportunity.....

It will be interesting to see if Crude break 3300 level in coming weeks......If it breaks 3300 and can sustin below 3300 then we may see biggg sell off again in crude......Please be carefull with all long positions.....We may see crude going very deep then till 2200-1600 or more......

Zinc/Lead/Copper : We may see buying coming in base mentals tomorrow ....

After a little fall I expect a buying opportunity in base metals tomorrow....

Gold: We may see retracement below 27485 first till 27308 and then 27173-27133 levels

It may not also....but watch out 27393 level also.....Gold need to close this week above 27393 for more upside movement....

If week close below 27200 then we might see sell off in Gold again.....

In my view, Gold is still not topped out yet....it still has long way upside remaining...... So don't sell as of now but look for buying opportunities....

Trade safely with Stop loss

Gold below 27485 can retrace first till 27308 and then 27173-27133 levels .....Buy at these levels for TGT 27700-27885-28056-28500

But don't sell for these levels....buy if these levels come or maintain your buying positions.....or when price come down below 27485 substantially and rise again above 27485 then buy....

Gold and Silver as expected are heading for TGT.....Thanks to all who called today ....enjoy profits....

All callers have been advised the next levels/SL....( Free of cost)

Copper will fall sooner or later.....Stay on sell side in copper....sell on rise....TGT 399-370-368

Above 415 ( SL 410) copper may go till 423-425....

But we may see correction soon....Sell below 410...

Crude failed to cross 4000......Now be on sell side and enjoy profit...minimum 400 -600 points fall

TGT 3300

CRUDE : STAY BUY SIDE TODAY ABOVE 3900....IF BREAK 4000 AND CLOSE ABOVE 4000 THEN STAY ON BUY SIDE TGT 4100, 4200+

Sell below 3900

Crude below 4000 is weak....4000 on closing basis is SL for sell call initiated @ 3950 before

NG Closing basis SL 190 for Sell call @ 181.....for TGT 150 -

NG is strong above 190 onle...if close above 190

HOPE ALL FOLLOWERS ENJOYING PROFITS......

Gold and Silver are expected to remain sideways TO UPSIDE during next week....

Gold and Silver are finding new supports and resistance .....they will remain sideways....Sell on rise and buy on dips....TILL GOLD IS HOLDING 26800......IT IS BULLISH....UPSIDE BREAKOUT OF 27054 WILL OPEN UP TARGETS 27100+, 27200....OUR SHORT TERM TARGET IS 27700+ (27800).....

Unless Gold and Silver give a confirmed breakout, Down or Up....Trade with strict SL and book profits quickly.....

Overall my view is still Bullish on these commodities......Even though Comex market is falling MCX still remains Bullish as USD/INR rates are supporting the price from big fall.....

Positional buyers - Above 26000 on closing basis ....remains bullish trend.....

Copper UPDATED 10 MAY 2015

Copper is taking support near 411 area....Once broken it will fall down.....BUT IF COPPER SUSTAIN 410.85 LEVEL THEN IT MAY GO LONG WAY UP.....418 LEVEL IS A KEY.

PRESENTLY COPPER IS TRADING SIDEWAYS BETWEEN 411 AND 420...I AM NOT SURE WHERE THE BREAKOUT WILL COME....DOWN OR UP...BUT IF USD/INR SUPPORT THE PRICE ( AS THE CASE IS) WE MAY SEE UPSIDE BREAK OUT.....

I ADVICE TO WAIT FOR BREAKOUT ON EITHER SIDE .....TILL THEN WAIT AND WATCH ....

SIMILARLY ZINC AND LEAD ALSO TRADING SIDEWAYS .....WAIT FOR BREAKOUT ON EITHER SIDE.....BUT I AM VERY BULLISH ON THESE 2 METALS AS I SAID BEFORE.....

CRUDE : Expecting drop till 3300 levels.....UPDATED 10 MAY 2015

Crude had strong support at 3730 .....once broken ( I expect it will be broken on Monday).....Crude will head towards 3300 (Positional).....IF SUSTAINED ABOVE 3730 ON DAILY CLOSING BASIS THEN CRUDE IS SHOWING SIGNS TO BOUNCE BACK FROM CURRENT LEVELS....ONLY TIME WILL TELL....FOR ME SHORT TERM CRUDE IS WEAK.....TRADE WITH STRICT SL.....

BUT LONG TERM VIEW ON CRUDE IS STILL BULLISH....POSITIONAL TRADERS SHOULD BUY ON DIPS FOR TGT 4200+

NG : Hold selling positions in NG.....Sell on rise

Crude....Crude is heading for correction minimum 300-500 points

NG : Call activated Sell at 181.....much lower targets coming in few days.....read my previous post on NG

Positional Traders - As suggeted before , keep buying Gold on dips.....

Those who did not sell Copper ....here is a chance to sell again

KEEP SELLING ON RISE....SL ON CLOSING BASIS 418

Gold : Look for 26800 Level for reversal upside...Booked Profit at 26850

Base metals giving correction......as expected.....Those who have noticed my calls/ levels carefully are making huge profits....

CRUDE UPDATE : 6 MAY 2015

CRUDE SELL ONLY BELOW 3880......OTHERWISE CRUDE SEEMS STRONG BUYING ABOVE 3880

GOLD HIT 27050 .....NOW WAIT FOR REVERSAL/RETRACEMENT...

Gold buy above 26860 with SL 26860 TGT 27050- 27100+

Gold may reverse back down from any of these levels.....sell below 27020 when it comes down from these levels fot TGT near 26600-26500-26400.....

We may see again upside movement from these levels again....but we will see that time how the price behaves there

Crude - For 6 May 2015

Sell on rise ....expecting correction of at least 200-300 points during this week....Also Inventory Might be negative for Crude...so sell on rise....

But over all Crude is in positive trend....so this will be only retracement....

Positional Buy call for TGT 4200+ is already given before....

Buy all Base metals....big rally again this month.....but correction is expected soon before rally

BUY COPPER ONLY ABOVE 417....BE ON SELLING SIDE BELOW 417....417 ON CLOSING BASIS.....COPPER MAY SHOW CORRECTION UP TO 365 LEVELS OR MAY BE UP TO 325 LEVELS....AND MAY BE MORE DOWN

Gold : Watch 26470 level....

Gold may move sideways till Friday evening

If gold sustain above 26470 on daily closing basis then we are not far off from a big rally in GOLD in this month.....Similarly Silver will also rally....

Even if Gold break 26470 level then next support 26200-26100 zone......

Maximum down Gold can go is till 25800-25600+ zone ( to fill the gap on Daily chart) .....but I hope it will not fall so much and we might see rally from current level till 27830......That's why 26470 level is very important........But still there is lot more to come for upside rally.....

Let's see the Gold opening and daily movement on Monday......It will give more precise picture.

Small traders / day traders should keep strict SL of 26470 for any of their buy positions.....Positional trades can keep SL below 25500- and add more near 25600-25500 zone if it goes there

Sell NG between 181-188 or near 189.50...for TGT 169...Positional TGT Near 145

Gold update 1 May 2015

Gold is still respecting 26600 level....

Now watch 26893-26967-27040 levels.....If Gold sustain above 27040 then it can go till 27800+ levels....

But if Gold reverse from any of these levels then it can drop till 26480-26265 levels....

Safe traders shold but above 27300 ....or keep booking profits at above levels and wait for further clear movement......

My trades are long in Gold...I hope now Gold will not fall more and continue its upside movement....I will keep trailing Stop Loss...to protect my profit