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
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