Commodity Overview - 30 Nov 2015

Gold :

Key Level is 25168....I have short positions partly covered at 25990 and moved SL on Hourly closing basis at 25200.... ( 25168 is key level so just above it)....Expecting price my go till 24700 levels where I will cover all my short positions.....

Gold is still in Deep oversold and I am expecting bounce back any time.....Down there is support zone between 24818 to 24450....We may see bounce back / reversal from this Zone....

If not then I will see if it breaks out 25450 level with Good volumes.....Then I will go for sell for TGT below 23000....

Silver :

I have booked all my sell positions in Silver as I don't expect silver to fall much....I will wait for buy signal....I believe Buying Silver is much Profitable than Gold.....

Key levels are 34800,34000  and 33400 , 32800...Silver may not cross 32000. I might start buying from 32800 and accumulate for TGT 35000+

Base Metals :

I have covered all sell positions in Base metals at the closing. I was expecting that base metals will fall more on Friday but it did not happen...Indicators have not turned negative ( which may or may not turn Negative)....I will wait to see it they break key levels to again shot it....or I might take a risky Buy call with SL below 23rd Nov. 2015 low.....If it gets hit then I will still look to buy at bottom.....depending on what Indicators turn out at break at Stop loss.....

I am buying small lots and accumulating.....

Crude : Already written at previous post...

NG : I have already maintained buy positions at 138 as It filled the gap created by new contract opening....I am waiting for break above 152 again.....my SL is moved to 147 on 30 min closing basis...

NG may go till 140-141 again....where I will add more buy positions TGT 152-156 and 162+....Long term objective for TGT 173+ and break above 181 will get to 195-202 levels

Crude - 28 November 2015

Crude has shown intent to go higher but failed to cross 2900 ( High 2902)...

Crude still is in Bullish trend and is in retracement mode.....Crude may / or may not fall till 2774-2747 level and then may move up again....

I will look for buy signal at these or near these level with SL placed at 2700 on daily closing basis....expecting crude to go till 3000+ levels may be till 3300+

If crude trade below 2700 on daily closing basis then I will switch to selling levels....

As told before I am selling on rise....

Example : Gold below 25300 as daily closing basis SL....I will keep selling on rise....

Booked Sell Gold at 26170...now waiting for a breakout for sell or buy

Commodity Overview 25 Nov 2015

Gold Silver Looking bearish....I will look for sell signal
Base Metals : With some upside pending I will look for sell signal....( till Zinc is trading below 105.95 on daily closing basis, I will sell around 105.80 with SL 107.20 for TGT 94-95)..

Crude above 2840 can go till 3020-3024....Below 2820 I will sell for much lower targets
NG Now since NG has filled the gap, above 135 I will buy on dips and below 132 I will sell on rise

Commodity Overview 22 Nov 2015

I will take following trades :

All base metals have tested their resistance and closed near support.....

I will buy all base metals above friday's high with SL just below Friday's low....

 or Sell below Thursday's low with SL just above Friday's closing....

Gold and Silver

Gold has support at 25160-25200....

Both are showing Positive Divergence and closed near Support....I will have same approach as Base Metals in Gold and Silver...

Crude is expected to remain bearish and will look for selling signal....or Break above 2947-2978 on daily closing basis to buy

NG : I will wait to see if it fills the Gap and then will look for buying Signal....

If daily closing of Gold above 25900 then hold for TGT near 26200-26400 region

Today I will Sell Crude and Buy Gold and Silver

Gold Update 3 November 2015 Midningt

As my Stoploss Hit @ 26200 I reversed my position in sell side and covered  my loss by selling double lotsand booked all sell positions @ 26900....and Bought double lots.....I will add more till 25700.....

Having said this 25700-25900 is also a reversal Zone......So expecting a Bounce back from these levels tomorrow......

I will keep a tight SL of 25700 on Daily closing basis......

I hope this time SL will not Hit and I will hold all buying positions for a much Bigger Targets....
 

As I see Wolf Wave pattern developed ....also had given trend line breakout with a retest of trend line before.....and Price is inside Price Reversal Zone....If it breaks 25700 with volume then next TGT is RED Line.......Otherwise Yellow line is Target Line for next move up.....Positional traders can hold Long for LONG time ....TGT near 32000+++++

Gold Overview 1 November 2015

Gold Dec contract


Gold now still looking bearish for TGT near 26200....

Gold may bounce back till   26900+ levels and then again might drop for final bottom ....Near 26200

Then It will give a nasty bounce back for 27000+ levels ( I am still of view that Gold will eventually will go till 28000+)

But Now Gold seems to be in consolidation phase for much higher TGT in 2016....

Till Dec 2015 end we will see only Sell on rise and Buy on dips ....No major moment is expected till Dec 2015 end...

I will play it to sell on rise and buy on dips....TGT 28000 in 2016 only.....

Small Traders should keep on side lines or keep booking small profits .....Positional traders may opt for buy on dips ....But waiting time is till next year 1st quarter.....

BASE METALS AND CRUDE IS EXPECTED TO FOLLOW GOLD MOMENTS...

OVERALL TILL DECEMBER END SMALL TRADERS MAY ENJOY HOLIDAY RATHER THAN RISKING THEIR HARD EARNED MONEY