Gold has dropped since beginning of last week and on Friday showed a positive movement....
As told before Gold is weak below 26200 if trade more than 1 hr.....
Now shift trailing sl to 26400 ( Below 26400 if Gold trade for more than 1 Hr then only be on selling side)....Gold has resistance at 26775.....look for break above this with volume.....
Gold seems to rise further to go more high in coming days......Stay on buy side above 26400 as trailing SL ....
Base Metals
Overall trend is still down....trade with trailing SL if on buy side...
As told earlier this week base metals traded both ways .....and given good profits on break on both sides ....
Hope all have made good profits....
On Friday, base metals ( New Contract) had already given a breakout on upside and shown good intent of achieving upside targets....
But now they have taken a resistance at key level and break of Friday's high is needed ....
There may be some retracement and then upside movement may continue..... wait for some retracement and then buy.....
Energy
Overall trend is still down for Crude....trade with trailing SL if on buy side...
Crude as expected has bounced back ....bounce back may continue for some more days.....buy on dips...
But Crude is strong only if sustain above 3121
As told before Gold is weak below 26200 if trade more than 1 hr.....
Now shift trailing sl to 26400 ( Below 26400 if Gold trade for more than 1 Hr then only be on selling side)....Gold has resistance at 26775.....look for break above this with volume.....
Gold seems to rise further to go more high in coming days......Stay on buy side above 26400 as trailing SL ....
Base Metals
Overall trend is still down....trade with trailing SL if on buy side...
As told earlier this week base metals traded both ways .....and given good profits on break on both sides ....
Hope all have made good profits....
On Friday, base metals ( New Contract) had already given a breakout on upside and shown good intent of achieving upside targets....
But now they have taken a resistance at key level and break of Friday's high is needed ....
There may be some retracement and then upside movement may continue..... wait for some retracement and then buy.....
Energy
Overall trend is still down for Crude....trade with trailing SL if on buy side...
Crude as expected has bounced back ....bounce back may continue for some more days.....buy on dips...
But Crude is strong only if sustain above 3121