Gold
Gold has some what sustained around 25500 ( previous low)....I have bought Gold at 25480 with SL 25460....If Gold breaks 25460 then I will sell for much lower targets 25350, 25270....or more down...
I feel that Gold has bottomed out ( Not very sure) and now will start uptrend for TGT near 29000-29120 and may be ( Not sure) near 30300....But 25800-25900 levels are very crucial for this ...Gold has to break above these levels for these targets.....
But Gold will then fall heavily after topping out at 29120-30333 ( or any levels above 28500)....Gold then can fall till 20000 minus levels (but not essentially 18000 and below.....Never it will go till these levels).....This will be again very good buying levels for Much Much higher levels which will break all time High of Gold 35074....
Base Metals:
Zinc and Lead showing uptrend .....But on Friday - Zinc failed to break above 132 and Lead failed to break above 117 is a bit of worry.....Zinc may reverse from 129.10-129.20 or 128.20-128.40 levels for upside targets near 150 and break of 154 can take it to 170+ levels....
But It might show down trend in case of no reversal....trade with strict SL if on buy side.....
On Monday if it breaks Friday's low then we may see down trend continuation for new low....
Safe traders buy above 134.50.......or sell below 126
Lead may reverse from 115.10 levels for upside targets near 121.70 and then break above will take it to 133.80-141.25.....But if no reversal is shown at these levels it may fall down.....
Safe traders should buy above 117.20.....or sell below 112.50
On Monday if it breaks Friday's low then we may see down trend continuation for new low....
Aluminium also failed to break above 107 on Friday.....Buy only above 107.....and watch 105-104 support zone for reversal or breakdown level .....Above 107 target is 111-112 and below 104 TGT near 99
On Monday if it breaks Friday's low then we may see down trend continuation for new low....
Copper is in down trend and heading for much lower target near 278-280.....( again it will take few months)... I am selling on rise....Copper now may not go above 354-358-362 levels.....I will keep SL 358 and add some more selling positions at 354 again if it comes....
Crude:
Crude has ( Hopefully) given a break below 3200 and so now below 3275 as SL sell on rise for short term TGT near 3100-3030 and long term TGT 2550 or may be more down...
NG: NG is weak and remains sell on rise....NG is heading for targets near 152 minus ( 147)....but in between it will take supports at 170-171 and then 155-154-147
DO NOT TRADE WITH PROPER STOPLOSS.....ABOVE ARE SIMPLY MY VIEWS AND MARKET MAY BEHAVE DIFFERENTLY....
( For any queries please call for free advice)
Gold has some what sustained around 25500 ( previous low)....I have bought Gold at 25480 with SL 25460....If Gold breaks 25460 then I will sell for much lower targets 25350, 25270....or more down...
I feel that Gold has bottomed out ( Not very sure) and now will start uptrend for TGT near 29000-29120 and may be ( Not sure) near 30300....But 25800-25900 levels are very crucial for this ...Gold has to break above these levels for these targets.....
But Gold will then fall heavily after topping out at 29120-30333 ( or any levels above 28500)....Gold then can fall till 20000 minus levels (but not essentially 18000 and below.....Never it will go till these levels).....This will be again very good buying levels for Much Much higher levels which will break all time High of Gold 35074....
Base Metals:
Zinc and Lead showing uptrend .....But on Friday - Zinc failed to break above 132 and Lead failed to break above 117 is a bit of worry.....Zinc may reverse from 129.10-129.20 or 128.20-128.40 levels for upside targets near 150 and break of 154 can take it to 170+ levels....
But It might show down trend in case of no reversal....trade with strict SL if on buy side.....
On Monday if it breaks Friday's low then we may see down trend continuation for new low....
Safe traders buy above 134.50.......or sell below 126
Lead may reverse from 115.10 levels for upside targets near 121.70 and then break above will take it to 133.80-141.25.....But if no reversal is shown at these levels it may fall down.....
Safe traders should buy above 117.20.....or sell below 112.50
On Monday if it breaks Friday's low then we may see down trend continuation for new low....
Aluminium also failed to break above 107 on Friday.....Buy only above 107.....and watch 105-104 support zone for reversal or breakdown level .....Above 107 target is 111-112 and below 104 TGT near 99
On Monday if it breaks Friday's low then we may see down trend continuation for new low....
Copper is in down trend and heading for much lower target near 278-280.....( again it will take few months)... I am selling on rise....Copper now may not go above 354-358-362 levels.....I will keep SL 358 and add some more selling positions at 354 again if it comes....
Crude:
Crude has ( Hopefully) given a break below 3200 and so now below 3275 as SL sell on rise for short term TGT near 3100-3030 and long term TGT 2550 or may be more down...
NG: NG is weak and remains sell on rise....NG is heading for targets near 152 minus ( 147)....but in between it will take supports at 170-171 and then 155-154-147
DO NOT TRADE WITH PROPER STOPLOSS.....ABOVE ARE SIMPLY MY VIEWS AND MARKET MAY BEHAVE DIFFERENTLY....
( For any queries please call for free advice)