I have put trailing SL at 150
Tuesday, 29 December 2015
Monday, 28 December 2015
My Fresh Trade Opened
I bought Zinc @ 100.45 Will add buy at 99.70 and 98.70 if it comes.....
Lead @ 114.25 will add more at 113.35 if it comes
Copper @ 308.50 will add more @ 302.50 if it comes
Bought Gold @ 25148 SL 25120 If hits I will sell below 25000 For TGT 24920-24870 Will add more buy at 24870-24850
Silver @ 33800....SL 33700....If hit I will wait for 33300-33400 levels to add more buy.....
Lead @ 114.25 will add more at 113.35 if it comes
Copper @ 308.50 will add more @ 302.50 if it comes
Bought Gold @ 25148 SL 25120 If hits I will sell below 25000 For TGT 24920-24870 Will add more buy at 24870-24850
Silver @ 33800....SL 33700....If hit I will wait for 33300-33400 levels to add more buy.....
Sunday, 27 December 2015
My View - 27 Dec 2015
Gold to remain range bound between 25990-26000 to 24900 during next few days....Sell on rise and buy on dips will be my strategy till it break out on either side.....I hope Gold will break out on upside for TGT 28500 during next few weeks...Long term TGT i am looking at 32800+........
My first TGT 1 is 25340.....If not broken convincingly then Gold may drop till 24860.....Now it will be interesting to see which side Gold will breakout.....If broken upside then it will open up upside targets of 25500-25700-25900 etc...
Silver will follow Gold....
Base metals....As told before I am buying on every dips.....Zinc TGT 107.7-135+ ....I will buy more in next contract for TGT 135+
Lead TGT 122.4 - 144+ ( 144 in next contract)
Copper TGT 326 -333
Crude and NG may retrace a bit and then continue upward movement.....I have buy positions in both and will add more on retracement......for more upside targets....
Crude t may retrace till 2440-2407-2376 and continue upwards till 2700+- 2950+ levels......But daily closing below 2430 can take crude to below 2200....
My first TGT 1 is 25340.....If not broken convincingly then Gold may drop till 24860.....Now it will be interesting to see which side Gold will breakout.....If broken upside then it will open up upside targets of 25500-25700-25900 etc...
Silver will follow Gold....
Base metals....As told before I am buying on every dips.....Zinc TGT 107.7-135+ ....I will buy more in next contract for TGT 135+
Lead TGT 122.4 - 144+ ( 144 in next contract)
Copper TGT 326 -333
Crude and NG may retrace a bit and then continue upward movement.....I have buy positions in both and will add more on retracement......for more upside targets....
Crude t may retrace till 2440-2407-2376 and continue upwards till 2700+- 2950+ levels......But daily closing below 2430 can take crude to below 2200....
Tuesday, 22 December 2015
I booked Gold buy positions at 25370....
Next I will buy if break 25435....and sustain above 25450....Otherwise I will sell Only below 24800
I will watch 25250 and 25100 level.....If it bounce back from there for upside target....
I booked all Base metals buy positions also.....Expecting to fall and looking for proper levels to buy again.....
I will watch 25250 and 25100 level.....If it bounce back from there for upside target....
I booked all Base metals buy positions also.....Expecting to fall and looking for proper levels to buy again.....
Saturday, 19 December 2015
Commodity - My view - 19 Dec 2015
There are 2 possibilities....
1... Gold and Silver may or may not ,pierce Friday's high and start falling...Gold then may fall till near 24200 levels where we can see again bounce back for 25000+ levels....
2.....Gold may trade above 25250 levels then upside TGT 25600+ or may be more....
I am looking forward to see possibility 2 to take place....I will buy above 24900 on dips with trailing sl 24810 TGT 26630-26650.....If 24810 is hit then I will reverse my positions on selling side....
Similarly With Silver with trailing SL below 33800 I will keep buying till TGT 37500-37650
I have some buying positions in Gold with SL below 24400 and Silver with SL below 32600....If I get weekly closing below this SL then I will reverse my position ....
Base metals are then expected to fall if don't sustain above friday's high....a little upside can be seen though....example...Lead if sustain above 113 -114 then it can go till 122-123-127+ ( Long term Target 143+-155 and if cross 156 then 175) otherwise the target will be around 99 down
Crude lower TGT is still pending ...I am expecting Bounce back from levels 2250-2213....I will wait for some buying levels in Crude and NG
1... Gold and Silver may or may not ,pierce Friday's high and start falling...Gold then may fall till near 24200 levels where we can see again bounce back for 25000+ levels....
2.....Gold may trade above 25250 levels then upside TGT 25600+ or may be more....
I am looking forward to see possibility 2 to take place....I will buy above 24900 on dips with trailing sl 24810 TGT 26630-26650.....If 24810 is hit then I will reverse my positions on selling side....
Similarly With Silver with trailing SL below 33800 I will keep buying till TGT 37500-37650
I have some buying positions in Gold with SL below 24400 and Silver with SL below 32600....If I get weekly closing below this SL then I will reverse my position ....
Base metals are then expected to fall if don't sustain above friday's high....a little upside can be seen though....example...Lead if sustain above 113 -114 then it can go till 122-123-127+ ( Long term Target 143+-155 and if cross 156 then 175) otherwise the target will be around 99 down
Crude lower TGT is still pending ...I am expecting Bounce back from levels 2250-2213....I will wait for some buying levels in Crude and NG
Thursday, 17 December 2015
Crude and NG....
Positive divergence in NG and Crude is spotted and I think big reversal of trend is possible....
I am buying NG and Crude on each drop.....NG 119.40 seems good buying level....
As expected Gold and Silver heading upwards...
Cheers......
I am buying NG and Crude on each drop.....NG 119.40 seems good buying level....
As expected Gold and Silver heading upwards...
Cheers......
Saturday, 12 December 2015
Commodity Overview - 12 December 2015
Gold and Silver
Both are showing positive divergence and may continue upward movement for mid term at least....But I will not put much bet on it and trade Intraday till Federal Statement on interest rate hike on Wednesday.....
Gold and Silver has history of surprising everyone when all are expecting one side movement.....Lets wait and watch.....I think we have seen bottom of 25930 as this year's bottom and Gold above 25200 is heading for TGT 25800-26040-26200 and then 27700+.....
I will sell Gold Below 24900 only for TGT 22700....
If Federal hike interest rates then we will see some down side continuation .....But technical indicators are showing upward movement continuation....I will not take any positional call till Wednesday.....
Base metals:
Base metals have shown positive intent and may go further up.....So next week I will look for buying levels and keep it for some weeks to come....We may see some previous high tested again.....But I will wait for some down levels to buy again depending on indicators .....at the moment base metals are showing Bearish divergence on daily, 4 hr and 1 hr chart....so some down ward movement is expected....
Crude and NG
I am holding some sell positions , but I am not sure where is the bottom ....with trailing stop loss I will protect my profit.....Crude and NG can bounce back big time anytime and rally is expected.....
Overall I will watch RSI and MACD for reversing my positions....
Both are showing positive divergence and may continue upward movement for mid term at least....But I will not put much bet on it and trade Intraday till Federal Statement on interest rate hike on Wednesday.....
Gold and Silver has history of surprising everyone when all are expecting one side movement.....Lets wait and watch.....I think we have seen bottom of 25930 as this year's bottom and Gold above 25200 is heading for TGT 25800-26040-26200 and then 27700+.....
I will sell Gold Below 24900 only for TGT 22700....
If Federal hike interest rates then we will see some down side continuation .....But technical indicators are showing upward movement continuation....I will not take any positional call till Wednesday.....
Base metals:
Base metals have shown positive intent and may go further up.....So next week I will look for buying levels and keep it for some weeks to come....We may see some previous high tested again.....But I will wait for some down levels to buy again depending on indicators .....at the moment base metals are showing Bearish divergence on daily, 4 hr and 1 hr chart....so some down ward movement is expected....
Crude and NG
I am holding some sell positions , but I am not sure where is the bottom ....with trailing stop loss I will protect my profit.....Crude and NG can bounce back big time anytime and rally is expected.....
Overall I will watch RSI and MACD for reversing my positions....
My View On Crude
I will start Buying Crude from 2500 ( CMP 2411) and Below 2206 if it goes....
In monthly chart Crude RSI is showing Bullish divergence and I expect it can reverse any time....although I expect 2206 levels can be reached ( Comex below USD 35.....) If I get that level then it will be good buy for me....In very long term Crude can fall (After a rise ....) to 1700+ levels....but it is worth buying from 2250-2500 zone ........for mid term I will buy for retracement for levels 4000+......Risk rewards is more than 1 : 2 for positional trade.....
In monthly chart Crude RSI is showing Bullish divergence and I expect it can reverse any time....although I expect 2206 levels can be reached ( Comex below USD 35.....) If I get that level then it will be good buy for me....In very long term Crude can fall (After a rise ....) to 1700+ levels....but it is worth buying from 2250-2500 zone ........for mid term I will buy for retracement for levels 4000+......Risk rewards is more than 1 : 2 for positional trade.....
Friday, 11 December 2015
Gold
As expected Gold closed below 25480.....I hope it will break soon 25380 ( I will keep trailing SL so if it dont break 25380 then I can still be in profit) and will head towards 25200-25000 zone, where I will put buy orders if RSI is in oversold region in 4 hour chart for TGT 25400+ TGT 2 25600+
Wednesday, 9 December 2015
I was Long in gold silver and Crude and Sell Base metals
Updated Mid Night
Gold above 25380 TGT 25880.....There is another possibility....Gold Closed below 25640....Now watch 25380....If closed below this on 4 Hr chart then Gold may go till 24950-24920 levels again and bounce back from there to take out 27000+ levels again....
Silver Above 34100 TGT 35350....Silver closed below 34700 ....Now Buy from 4 hr chart if candle close above 34750 tgt 35000+.... if 4 hr candle close below 34100 ( safe below 34000 ) then I will sell for 33400...
Crude Above 2450 TGT 2680-2700+.........NG may test 135 level again
Sell from these levels
Zinc TGT 100.30
Lead 111.40
Copper 307
Gold above 25380 TGT 25880.....There is another possibility....Gold Closed below 25640....Now watch 25380....If closed below this on 4 Hr chart then Gold may go till 24950-24920 levels again and bounce back from there to take out 27000+ levels again....
Silver Above 34100 TGT 35350....Silver closed below 34700 ....Now Buy from 4 hr chart if candle close above 34750 tgt 35000+.... if 4 hr candle close below 34100 ( safe below 34000 ) then I will sell for 33400...
Crude Above 2450 TGT 2680-2700+.........NG may test 135 level again
Sell from these levels
Zinc TGT 100.30
Lead 111.40
Copper 307
Saturday, 5 December 2015
Overview of Gold movement in Gold and Silver- 5 Dec 2015
Gold was trading in deep oversold area and bounce back was expected, though no one could have expected such a drastic upside movement. Basically it has triggered all short stop loss.
Also looking at the FED rate hike decision pending this month, investors don't want bullions to trade at lower levels. No one knows what will be decision....Hence If FED rise rates then Investors can sell and book profit in their long positions and short it again....secondly If no rate hike then they still have long positions which are in profit.....
Gold being Gold always expect unexpected surprise movement.....It has been seen many a times when everyone is expecting one side movement it will have a surprise movement.....
having said that key levels in Long positions are 26040-48, 26188.....Gold if close above 26220-26260 zone on daily closing basis can take gold to much higher levels till 26580-27052 ( Comex 1098-1102 is rejection zone, colsing above it can take gold to 1120 then 1140, 1180+ levels )......But Gold may reverse from any of these levels. Gold is still bearish.....I expect 24930 will be broken in next down movement for TGT near 23000 and below may be till 22700-22800 levels.....( Comex 960)....
My view in Comex for Long term is Gold will remain under 1120 levels and can take out 960-870 levels from where we can see jump towards 1450-1500 ( MCX 30000-32000) and then again a big drop till levels near 780 ( MCX 18000) and then rise for lifetime high above 2000 levels......In between we will have big spikes, drops etc etc.....I will buy physical Gold at level 780 and keep it for my Grand children............:-)
Also looking at the FED rate hike decision pending this month, investors don't want bullions to trade at lower levels. No one knows what will be decision....Hence If FED rise rates then Investors can sell and book profit in their long positions and short it again....secondly If no rate hike then they still have long positions which are in profit.....
Gold being Gold always expect unexpected surprise movement.....It has been seen many a times when everyone is expecting one side movement it will have a surprise movement.....
having said that key levels in Long positions are 26040-48, 26188.....Gold if close above 26220-26260 zone on daily closing basis can take gold to much higher levels till 26580-27052 ( Comex 1098-1102 is rejection zone, colsing above it can take gold to 1120 then 1140, 1180+ levels )......But Gold may reverse from any of these levels. Gold is still bearish.....I expect 24930 will be broken in next down movement for TGT near 23000 and below may be till 22700-22800 levels.....( Comex 960)....
My view in Comex for Long term is Gold will remain under 1120 levels and can take out 960-870 levels from where we can see jump towards 1450-1500 ( MCX 30000-32000) and then again a big drop till levels near 780 ( MCX 18000) and then rise for lifetime high above 2000 levels......In between we will have big spikes, drops etc etc.....I will buy physical Gold at level 780 and keep it for my Grand children............:-)
Revised Commodity Overview 6 Dec 2015
One more upside movement is pending in Bullion after a retracement.....
Gold:
Hummm quite a good upturn , is't it?? Anyway my SL triggered and I have no positions in Gold now. Had booked loss in Gold but since I was accumulating silver and it hit my TGT 35000+ ( 35200) as told in previous posts....I have covered my loss in Gold....Plus I have quite a good profit in accumulating base metals for upside TGT pending....Watch 25580-25480-25400-25300 levels for upside movement....Gold may bounce back from these levels again.....
Now I will sell in small lots Gold at 26040 till 26188 with a daily closing basis stop loss 26260.......I don't expect Gold to survive above 26048 on daily closing basis and Gold initially may fall till 25500 and then after we might see some upward momentum coming back for upside tgt....But any upside TGT can be good chance to short it again .....this will be last upside movement......
But there is possibility of Gold going further up than 26260.....Lets take step by step.....
Silver
The above position I am expecting from taking a clue from Silver movement as Silver has not closed above 35200 on weekly closing basis I expect Silver to fall back again to 34000 levels and then last upside movement and then to continue downside towards 32000 ( which earlier I said will not cross ) now will cross and go till 31000+ levels .....
With further possibility of rise above 35200 for TGT near 36000 I will sell at key levels and accumulate for down side targets..
I will explain further in my next post.....
Base Metals:
As told before I am accumulating on each dip for higher TGT.....(Example Copper TGT 326-332.70....Zinc above 104.30 TGT 105, 108....will add more at 100.20)
Crude :
Now since crude is trading below 2690, my bias is on down side continuation....Crude has stron support at 2660 once broken then crude is expected to fall till 2552, 2452, 2352 levels.may be more till 1700....so I am holding selling positions in Crude
NG
I have buy positions since 138 and holding ....will add more at 140-141 ...TGT 162 and long term 174+
Gold:
Hummm quite a good upturn , is't it?? Anyway my SL triggered and I have no positions in Gold now. Had booked loss in Gold but since I was accumulating silver and it hit my TGT 35000+ ( 35200) as told in previous posts....I have covered my loss in Gold....Plus I have quite a good profit in accumulating base metals for upside TGT pending....Watch 25580-25480-25400-25300 levels for upside movement....Gold may bounce back from these levels again.....
Now I will sell in small lots Gold at 26040 till 26188 with a daily closing basis stop loss 26260.......I don't expect Gold to survive above 26048 on daily closing basis and Gold initially may fall till 25500 and then after we might see some upward momentum coming back for upside tgt....But any upside TGT can be good chance to short it again .....this will be last upside movement......
But there is possibility of Gold going further up than 26260.....Lets take step by step.....
Silver
The above position I am expecting from taking a clue from Silver movement as Silver has not closed above 35200 on weekly closing basis I expect Silver to fall back again to 34000 levels and then last upside movement and then to continue downside towards 32000 ( which earlier I said will not cross ) now will cross and go till 31000+ levels .....
With further possibility of rise above 35200 for TGT near 36000 I will sell at key levels and accumulate for down side targets..
I will explain further in my next post.....
Base Metals:
As told before I am accumulating on each dip for higher TGT.....(Example Copper TGT 326-332.70....Zinc above 104.30 TGT 105, 108....will add more at 100.20)
Crude :
Now since crude is trading below 2690, my bias is on down side continuation....Crude has stron support at 2660 once broken then crude is expected to fall till 2552, 2452, 2352 levels.may be more till 1700....so I am holding selling positions in Crude
NG
I have buy positions since 138 and holding ....will add more at 140-141 ...TGT 162 and long term 174+
Friday, 4 December 2015
Gold Overview....
I sold at 25170 and I will keep selling till 25381 with SL above 25445 on Hourly closing basis for TGT 24752, 24659, 24540
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