Commodity Update 25 Dec 2017

Marry Christmas and Happy New year to all .....

All metals have shown small term down trend and now will soon find the bottom or might have already bottomed out....

On Monthly charts Gold, Silver and all base metals are showing bullish trend....but where they will find the bottom??

I have been trading intraday for last few weeks as my SL hit I sold and covered with small profits since I think Gold and Silver are bottoming out..... I still have some lots bought at 29100 and 29400....though they are in loss I can still manage those.....I have been trading Intraday to cover all those losses.....
As I told earlier I have been bullish on Precious metals and base metals but they have retraced more than expected ....I have started buying from 26700 and silver from 38600.....I am expecting big bounce back any time and break previous high for much higher targets....

Zinc is good buy between 168-174(TYPO ERROR 167-172) , Lead 137.80-139( 135-137)...Copper above 368(367) ....

I have started buying from friday....

Crude is showing negative divergence but in a very strong bullish moves took place to break 3450....I bout at 3450 since my SL (3450) hit and kept covering on daily basis....then Intraday trade to include various buy sell according to 15 min charts....I expect the fall in crude to begin any time.....BREAK OF 3480 ON DAILY CLOSING BASIS WILL CONFIRM THE FALL...

BUT FOR SURE I AM BULLISH IN GOLD/SILVER/BASE METALS/NG(ABOVE 255) AND BREARISH ON CRUDE.......

FOR POSITIONAL NOW ONWARDS I WILL BUY ON DIPS  GOLD/SILVER/BASE METALS/NG( ON BREAK OF 255) AND SELL ON RISE CRUDE....CHEERS FOR NEW YEAR 2017.....

NIFTY....I HAVE SOLD AT 8900 AND WILL STILL KEEP IT TILL 1ST TGT 7500 .....then some profit booking and again I will find Selling levels for TGT 2 - 5500

Crude Update

Wow...its a perfect selling I took at long time near 3400....Now I will add more sell on rise till 3240 if it go there ....I will wait till my target 1800 minus

NG may come down till 221-218 zone where I will add more buy for much higher TGT 1 240...TGT 2....much higher

Commodity Update 27 Nov 2016

Gold and Silver:

I am buying dips for big move upside quickly and fast (I hope).....anyway....I hope the bottom already established in both ....Now the Big move starts.....

Base Metals : As mentioned my SL for sell was hit and did buy small quantity to recover my loss .....Thanx to big run on friday which covered my loss and gave me small profit .....But I will not place Bet in Base metals now....I want to see the next week movement....I am waiting for Sell signal....

Crude : I have no positions as of now and as it is still running sideways....I will wait for breakout/breakdown in Crude.....

NG: My buy positions are in profit and still will keep it for big run in NG......

BASE METALS

I think base metals are making last rally.....My 1st SL hit now Waiting for sell signal....But I will sell base metals anyway...

Gold Silver Update

As I expected Gold did fall....

I closed all short positions at 28700 and started buying Gold and Silver....

Gold I started buying from 28700 and Last full lots buy at 28410 levels.....Silver I closed all short at 38900 and bought full lots at 38900 .....

I am expecting a long journey of gold from today's low (whatever it will make) as my SL and TGT now set to higher than 32780 ( which was my earlier targets) I expect now gold will go till 33000-37000-42000....I will take profits as these levels come.....But will decide the final target as it goes....

Similarly , Base metals I have started taking short positions from today.....

Crude I expect to fall more till it breaks 3404....as SL

NG I am holding buy positions for TGT 240-270

Commodity Update

Gold: As expected some unexpected move happened....But there is nothing to panic about the drop.....

I was expecting some drop ....as I said before Gold is still in ABC correction for which the targets I have set for my self are 32780-33000 zone....then 35000-37500 zone for sure.....then it may extend till 42000++ levels......

For this move the buying zones are 29300 then 28500-28700+ levels......and it may extend till 26400.....But I will not wait till 26400 levels.....There is good fibonacci support of 50% at 28570-28700 zone and also a previous support....which make this level as very strong support....

So my maximum bet I will put in this zone alone....

Now Gold will make a correction move from 29250 (Friday Low ) till max 29900-30000 zone which is selling zone for targets near 28580-28700 levels where I will buy maximum and for targets 37000 minimum....

Base metals have shown a good run as expected ( My long term target for Zinc 174 is achieved....bought at 97 ....Cheeeerrrrss for it) and my strategy of selling on rise has given me chance to recover and make some good profit on this....With the move made on Friday has created a reversal candle for base metals and now Base metals may pull back upwards a little and fall more.....I will be taking profits on dip and sell on rallies.....I will look for selling the rallies...

Crude may go till 3095 and break and if sustain above it again 3260+ levels to reverse back for much lower targets.....I will take it step by step....

Natural Gas....As expected have not broken 169 my stoploss and I will keep buying ti in the zone of 172-170 maximum lots....Now its Natural Gas turn to make big upside move.....

ZINC & LEAD

I am selling Zinc and Lead with every Rs. 1 rise....
Zinc will sell till 174....Lead will sell till 148

Base Metals Update...

My selling stoploss is hit ....so I bought at my stop loss with Stop Loss just below my buying price....Will keep booking quick profits....

Selling loss Rs. 1.30 in each Lead and Zinc

Booked Lead at 143.50 and Zinc at 169.25....Buy positions....recovered some loss....

No more positions 

NG update 5 Nov 2015

As I told before I have bought NG with SL below 182....

In fact I will buy NG on dips.....SL 182 seems good but if gets hit I will not sell.....Since 182 is not broken for past 2 days of trading and it seems to be forming bearish Butterfly for with last leg up is till 238-240+ levels....It can go till 180.....But daily closing below 169 will invalidate my view..

My positional view is to buy till 180 with sl below 169 on daily closing basis for TGT 238++

I think NG is now heading for my previous targets of 238-240++.....I think the risk reward ratio is too good for me.....I will keep buying .......

booked all NG which i sold....now bought NG with SL 182

Commodity Update 3 Nov 2016

Nothing is changed...except Zinc Sl Hit......but I will sell base metals on rise....Risk reward ratio is good for me.....Sell NG as told earlier.....Crude almost hit my TGT 3000...But will srely hit 3000 2995 zone.....

gold 32780+++ sre....Silver 54900+++ sure....exact levels I will tell only to those who wish to call me....please note I dont charge any money ...I give free advice....

I will decide on on Crude after Rs 3000.....

I am making great money after having bad 2 weeks before... but last 2 weeks have been great.....cheers.................

Be careful at present levels of all commodities...US election time will be lot of Volatility....my strategy will be to buy Gold and Silver on dips....
Sell Crude, Ng, Base metals on Rise....

Very simple....


I am sellinh Nifty from 8900...(and future stocks... some in buy and some in sell )for TGT1 8000.....TGT 2 ....call me

WISHING ALL HAPPY AND SAFE DIWALI......

Commodity Update 26 Oct 2016

Still my updates on 9 Oct 2016 hold good....Following the same as yet...except I got hit out in NG ....

Refer to link below

http://suprememcx.blogspot.in/2016/10/commodity-update-9-oct-2016.html

NG Update : 24 Oct 2016

My stoploss hit at 205 bought at 208....now no positions in NG...

My bias was to buy but seems some more downside may be possible...not sure about the direction yet....

Gold Update :

I have covered all sell positions in Gold at 29840 ....Sold at 30050....

Now Bought at 29840 SL below 29750 TGT 30000++

Crude / NG

I will add more sell in crude at 3480-3490 TGT 3000

Ng I bought at 208 SL 205 TGT 230-252

Gold :

Booked all my buy from 29400 at 30050...and sold with SL 30160 for TGT 29400

BUT DOES NOT MEAN MY POSITIONAL TGT 32780+ IS OFF THE CARDS.......I WILL BUY AGAIN AT 29400.....

NOW 29960 IS CRUCIAL....IF GOLD GO ABOVE 29960 THEN I WILL BUY  TGT 30080 AND I WILL SELL AT  30080 WITH SL 30160 TGT 29400......IF GOLD CLOSE ABOVE 30200 THEN AGAIN I WILL BUY .....

Crude Update 19 Oct 2016

I have added more sell positions at 3450  for TGT1 -  3000

Gold and Silver 14 Oct 2016

This what exactly I mentioned ....There will be drop and quick recovery.....I am very happy .....This is a sign of Gold and Silver bottoming out....Now I am very sure Gold and Silver will give me my targets up side.....

SO FAR ALL GOOD GOING IN ALL COMMODITIES I MENTIONED.....

I will Hold all Gold buy for my much bigger up targets now....I will keep cool since I am sure Gold will see 32780+++ targets soon....(29860 to be broken with volume soon...)

Crude and base metal down side so still Holding my sell positions.....

You guys trade safe with Stop loss in proper place....

Commodity Update 9 Oct 2016 Updated Midnight

As I told last week...Something Big is coming ......Which is anyway good that all commodities will be trending and will not be in consolidation any more.....good time to earn good money....

Crude  :Good that I could see the divergence in 4hr chart and I sold Crude at 3380....I will keep it till 3000 or more less than that....Not decided on target yet...May be near 2160-2000???? .......Trend is down in mid term.....For Long term I have taken positions and will keep selling till 3442 with SL above 3442..... TGT 1 = near 1500 and TGT 2 = near 1000

NG : I am on buying side mostly for TGT 220+ and 243 ( would like to add buy on dips  with SL 190....) But now I can see on 3 months chart that NG is very bullish for next few years to come and ready to break 402 levels also.....Up trend for some time.....I will take long term positions at 175 with SL 169 TGT 1 - 402++ and TGT 566....

Base Metals : I am selling on rise.....as Trend will be down for Short Term....I will decide to take Buying positions at some time .....Long Term trend is UP only...I will Sell Zinc Till around 157.30 - 159....( already sold some at 156.50) TGT 1 - 150 TGT 2- 125 -124 with SL above 161....
Lead I have sold at 140 and will add more at 141.30 if it goes there....TGT 127.50....

From the levels mentioned above for zinc and lead I will buy heavily for much much higher targets....

Gold :  I am Bullish But no Confirmation on reversal yet so again maintaining strict stop loss as it is trading at major support and I expect a reversal/ bounce back...1st TGT 30560, 2nd TGT 30800+ and daily closing above 30900 will bring in more upside and 31466 is major resistance has to broken for TGT 32780 and more up....Break of 29860 will give way to all my upside targets....I will then be maintaining SL 29200 for all my big targets upside till 32780+++++

If fall below 29300 on daily closing basis then I revise my strategy.... But as I said before my upper targets are still intact.....as I will initiate buying positions at each support....risk rewards ratio is good for me...

Gold Technicals 8 Oct 2016

Grrrrrrrr........What a bad full week for me in Gold and Silver....

Only Gold and Silver gave me trouble this full week by again and again hitting my stop loss....

But any way I kept  stop loss at support, and once they are taken out my next target is next support and I buy again.....

Other commodities, are exactly going as per my predictions.....

So overall just marginal profit in Gold and silver, instead I could have made huge profit in Gold and Silver.....Through out the week, my bias was bullish even though the 4 Hr chart was showing downward movement.....lesson to learn......

Now what next???

Gold : Overall I am still bullish for bigger targets....

Let me share some technicals with you....

Now Gold has survived 29400 level which is another support and 200 DEMA is right there at 29440....This is technically supposed to be a strong support...Secondly on daily chart it has formed a Dojji candle at this support....Third : it is trading at 38% Fibbo level of Swing Low 24451 to 32455 Swing High....

RSI(6) and MACD are Deep oversold on Daily chart, Weekly Chart : Just entered Oversold territory....Monthly Chart: Trading above 50 level....

There will be some more testing of the bottom, and quick recoveries, like we are seeing for past 2 days....This is a sign of forming a bottom.....So long as every time it is closing above 29550 is crucial........ All these Points put together....Gold will Bounce back for sure at least to 30500+ levels and may be to 30800+, 31000+.....

My strategy will be to start accumulating at these levels.....Come what may be the drop.....Because I think If I am correct this time then my upper targets will be achieved soon....( Even though market  has fallen down so much, my upper target of 32780 is still intact...rather now I have increased my positional target to 33785+....on Comex Gold 1st TGT 1420 and 2nd TGT 1540-1560....

So all in all I have started accumulating Gold from 29400 and will keep accumulating till 27000 if it goes there....Possibility is very less at the movement.....BUT FOR SURE MY TARGETS WILL COME ....

Please remember this strategy is for Positional Targets only.....you guys trade safe as per your risk appetite.....Keep Stop loss in place to reduce losses.....

Gold - Morning Update

COMEX Gold has formed Bullish pattern in 4 Hr chart

I will Stay Long with SL below USD 1250 1st TGT 1310 and second TGT 1370....

In Mcx SL 29530 TGT 30500-30600 and 2nd TGT 31800......I will book partial profits at 30500-600 range since Gold may retrace from that level again...

I will Enter the trade at  29583Big Lots.... Confirmation after braking above 29740 and 4 Hr. candle closing above 29740

Silver TGT 44800 and 48000+...SL 41100

commodity update 7 Oct 2015

It is worst week of my trading in long years....Again Gold Failed to rally above 29750 and fell back to make new low....29550.....

But the charts are showing that something Big is coming....what I don't know....

Again Hit my buying SL and I made money by going to sell side for TGT 29580 which is 200 DEMA....If Gold sustain above 29530 tomorrow then good to buy with SL below 29530.....Gold is still holding above 29530 which is another Major Support.....So those who are long in it can Hold with SL below 29530.....I am still bullish on Gold till it does not close below 29530 on 30 min Closing basis....( But if it breaks with volume then I will be on Selling side)

Now I will look at Comex level USD 1250....If it is taken out then I think Gold will enter Bearish market and Fall will be worst to Take out previous Lows......

Made money in Base Metals by selling and Buying both side....

Base Metals have shown some bounce back but failed to sustain it....So I will sell below today's low tomorrow to catch the fall in base metals....

NG also tried sell at 205 for TGT 190 but it turned up without breaking 199...So covered all sell at 200....Now NG seems bullish only above 206

Crude managed to break 3340 but did not sustain much above 3377....Now Crude may drop from these Levels ....I will sell Crude tomorrow till 3384....with sl 3400 ...If hit then I will buy for target 3800.....

Everything seems changed now .....Trade safe with proper SL....If you have any doubts then call me...

Commodity Update...6 Oct 2016

Wow its Good Gold did not go up as expected but continued down movement and recovered....

I Bought at 29800....With SL below 29700 TGT 30500-30800....In fact I bought Big quantity which I will Partially book at 30400-500 then 30800, then 31000+ and Keep some for again my ultimate target now 33000+

I bought Silver at 42200 with SL 41900....will keep booking at 44300 and remaining at 55000....

Bought Base metals Zinc TGt 164-174
Lead TGT 150+
Copper Tgt 335

Crude Booked all buy at 3300 now will wait for break above 3350

NG Will buy above 208 or Sell below 190 only...But I may  try selling NG at 205-206 SL 208 TGT 190

Trade with Proper SL...

Commodity Update 5 Oct 2016

What a Drop.....

As I told I starts buying from 30500 area with SL 30400 but it got hit and I sold and recovered the losses.....As I was having bias towards buy side , But once it broke its support at 30500 ( and taken out 30432 which was another support down there) it was easy decision to sell off.....But did not expect it to fall this much in 1 day....

Anyway now what I expect is-recovery from the bottom....Gold and silver had hit their support and shown some recovery in the end.....But now I will watch 2 moves....

1. Till what resistance level it recovers...I think 30432-30830 level......then It will drop ( or may be before that)....

2. Then till where it drops ....if it breaks 29940 on his way of dipping then I will sell at 29941 fot TGT 29652....

3. If it does not break 29941 while dipping then I will buy on break of the resistance whichever it will form at that time....

I am still holding small buys taken from bottom way back and expecting it to clear at high 32800....

You guys trade safe with Stop Loss put in place ...It reduces your losses....

I will trade Breakout only now as Market is volatile with Low Volumes as China is closed this week...

Base Metals Have taken support too....Now it is to be seen where they are heading ....If they break yesterday's low thwn we can expect big downside fall ....and if they break yesterday's high then again big upside move...

Similarly if Crude Breaks 2900 then down and if break 3395 upside move till 3400 - 3800....

NG remains Buy above 206 and Sell Below 190.....

Gold Silver Update 3 Oct 2016

I am not selling Gold and Silver , rather buying on dips

Commodity Update 1 Oct 2016 - Updated in Afternoon

Grrrrrrrrrr.............what a week it was.......full of surprises....but something anticipated....

I had taken loss in base metals as they hit my Selling SL.....Gold did not brek above 31380....and so on.....

Anyway but still I made marginal profits as I traded with trailing SL....Base metals hit my SL of Rs. 4 but gave me chance to cover it by adding buys as my SL hit.....

Gold had covered some buy positions at 31230 ( resistance level) and rest hit my SL 30948....where I went for sell and finally got good profit at the end.....

Crude and NG still in profit.....

Now what next???

GOLD : Gold looking more weak now for New contract for TGT near 30500 if break 30950....and Silver targets near 44415.....from where we can have up move.....Both are forming Bullish pattern for which last leg down is in process....I will sell Gold below 30950 and silver below 45051....till then no trades

But there is another possibility......Gold and silver has made a Bottom for their Big Move upside.....I might Open Long with SL for Gold below 30900 ( Just in case it just pierce)...If it hits WITH VOLUME then I will sell otherwise I will add more Buys 

For Silver I will take a small risk of 45600 as SL ....In fact siver is looking very strong and with SL 45000 I will keep adding more buy positions....1st TGT 50000 and 2nd 53200

Crude : I am still bullish on Crude and now maintained trailing SL  2860 ....If hit then I will go for sell....Crude has broken 3173 with average volume and topped at 3233 but failed to brek it again on friday.....so I think Crude can take a dip towards 3030 if it breaks 3130 on downside.....and break and daily closing below 3020 can take it further down to 2925 maximum...But break of 3173 is a clear sign of bullishness for TGT 3350 and then 3800....I will wait for 2925 to add more buys.....or break of 3280...

I think If crude break 2900 then it will fall till 1800 in long run....

NG : I am still short in NG for TGT near 190-192....NG may for bottom near that level....but since it has not crossed 193 on Friday I cut all positions there...I am not sure about NG much ....it is trading in range of 205-194....I will again short near 205 area ....I think it will break 190 this time then after hitting 205....

There is also a possibility of NG going till 210-240+ levels....I am still not sure about NG....I will trade very carefully in it....A break above  208 can see 210 then down or break of 211 will take it to 224 and break of 225 will take it to 247....lets see ....

Base Metals: Looking strong but anytime can fall....have to be very careful....I have some long positions .....though I am overall bullish on base metals o some extent

I think Zinc is in process of forming bullish pattern  "bullish shark" on a weekly chart....If it is true then Zinc will go upto 164+ levels and then fall till 137.20 levels and then go up to 174....So I will start shorting Zinc from 164 to 165 levels with SL 166 for long term target for maximum 3-6 months of 137 ....

Similarly Lead is in process of forming " Bearish Cypher" for which the upside target is near 143.90 to 144.50 maximum and from there it will start falling downside TGT will be 128 , 113 and 104.10....any of these...

Copper can go maximum up to 335-337 levels to fall till 286.50 levels....it is forming "Bullish butterfly"on weekly charts... ..


You guys Trade safe and keep booking profits with trailing stop loss......

Base metals

I am selling base metals from yesterday on rise....I think they will fall bigggggg...Zinc may fall till 142+

Update 24 Sept 2016

Gold again failed to break 31466 last week and trading below 31466 level....but has sustained above 6 week MA....looking at Monthly chart RSI (6) is continuously touching 70 level but failed to break above it....this is not a good sign for Bulls....It has formed double top at 31380 level.....If break 31380 with volume then I will buy heavily.....Or I will buy at 30947 - 30950....

I have covered all my long positions and will see the price action during next week to initiate any fresh positions.....I hope it will come down a little (not much) and then go long on this.....lets see...

Zinc and lead....both are trading at it's support and next week I think there will be good uprun....I have added more long positions on this....

NG: As expected had taken a good fall below 208.....last week my SL was hit so had taken long positions at 192 ( my trailing SL for short positions)....I covered at 207 and was short till 197......

Now it is trading below 197.....193-197 is a reversal zone....Now I have no positions in NG ....I will wait to initiate fresh positions....I might take long positions for TGT 210-211+.....

Crude: I still kept my long positions initiated 2 weeks before.....Now kept a trailing SL 2900....Crude has big support at 2964....and it has bounced back from 2967 levels....I have added more long positions at 2970 for TGT 3400-3800 (long term)....

Commodity Update 18 September 2016

OVERALL TILL WEDNESDAY IT WILL BE SELL ON RISE AND AFTER WEDNESDAY I THINK ALL COMMODITIES WILL BOUNCE BACK AND I WILL GO FOR BUY ON DIPS....

Hummm....Gold and Silver took a nice fall with expectations of Federal Interest Rate hike on Coming Wednesday night.....

My daily closing basis SL got hit and I covered all my Buy positions there....

Still monthly indicators are showing Bullish signals but Weekly and Daily charts are turned to bearish mode....So for short term it looks like selling pressure will be maintained.....Overall long term still bullish....

Both have closed last week at support....I will trade on Sell on rise for next week till Wednesday.....

Silver may tumble till 41800-41900 zone....Gold may drop till 28800-28900 zone....If both break last weeks low.....

Crude : I have covered all sell positions on friday closing....Crude I think can fall maximum upto 2720-2760 zone....So I will start buying on dips till 2720 for targets 1st 3400....

NG: It had taken my SL at 192 and I bought at that rate and covered at 198.....No positions in NG and will look at it during this week to initiate fresh positions....

Zinc: As mentioned I covered some of my Long positions on Monday since it opened below 154 and toll large Sell positions ( Still I have some Buy positions taken from 100...for TGT 174..)...I am waiting for TGT 146 on sell positions with Trailing SL...There I will initiate more Buy positions with SL 144....

I have initiated some buy positions in Aluminium for TGT 108 SL 104 on Daily closing basis...

Copper: I already have buy positions....Copper may fall till 318 level where I will add more buy positions...

SO OVERALL TILL WEDNESDAY IT WILL BE SELL ON RISE AND AFTER WEDNESDAY I THINK ALL COMMODITIES WILL BOUNCE BACK AND I WILL GO FOR BUY ON DIPS....

Commodity update....

wow Gold has retraced as expected and it has given me good chance to add more buy positions.....

I have already buy positions at 30900 ....added more today at 31180....I will keep adding till 31000...But I dont think it will fall more than 31140....lets see ....

Same with silver ....I dont think it will break 46500.....so added more buy at 46650....

Crude : As mentioned earlier I had sell positions....forgot to mention I bought at 2920 for THT 3130....now I have covered all buy levels....Now I have sell positions at 3160 with Sl 3200....If sl hit I will buy for TGT 3800....

NG: I already have buy positions as mentioned before....But I think I should have covered it today....No issues....I will cover it tomorrow morning and be on selling side with SL abover 192...NG is poised for a big drop now...

Copper I have bought at 310 with SL 309 TGT open

Zinc: I am adding buy ppositions at every Rs. 3 drop with SL 144...But Zinc has not crossed 154.40 today...which is worrying me that Zinc may fall till 140....I will see tomorrow opening ...if it opens below 154.40 then I will cover all my positional buy ....

Commodity Update - 29 August 2016

This week is very crucial for direction in all commodities.....Specifically Friday.....All commodities may trade sideways and hint for the direction....

Though my Gold SL virtually hit on friday but Gold did not sustain below Thursday's low.....I am still buying gold on Dips for TGT 32780+ ( Comex TGT 1 - USD 1410  then with some retracement again TGT 2 - 1540+...)...

Gold may fall bit more but I am still not worried....I will keep adding buy positions in small lots.....

Crude : I am waiting for sell confirmation in Crude .....NG : I think may fall again if sustain below 202.....but still I am holding Long in NG with strict SL......

Zinc : I am holding long positions with Strict SL.....

All commodities I am putting strict SL during this week as we may see big volatility and SL being taken out....

Small traders should book quick profits or stay out for this week...

Bought Gold today at 30900....now trailing stoploss to 30900

No positions in any commodity - booked all on Friday last price....

Crude Update

Covered Crude at loss and sold again at 3110 double lots.....lets see

Natural Gas Update

I have bought at 170 and will keep buying till 166 for TGT 1 - 184 and TGT 2- 200

Crude Update

hummmm....

Crude is possibly trading in a pattern called "Bullish Cypher".....If it is correct then it will complete its up run from yesterday between 2915 to 2995.....its a reversal zone for crude .....

had some sell positions earlier taken at 2792 which are in losses at the moment....I have added some at 2915, 2935.....I will add more at  2995 if it goes there.....

My target for Crude is 2670-2700....But if Crude trade above 3012 for 1 hr then I will close all crude positions in loss........but I will wait for sell signal for target 2670-2700 for sure.....lets see how it goes......

BUT FOR SURE CRUDE IS BULLISH IN MID TERM FOR TARGETS anywhere between 3497 to 4230....I am finding sell for retracement and take full move in hand...lets see...


 But since I have some sell positions in NG....at least I am in breakeven situation.....I have covered half of NG sell positions....with Trailing SL 171....I thought it will go till 165...but does not seem to go there.....I will see on friday how far down it goes and wait for bullish signal....I will load buy positions from now on for target 210+ and mid term tgt 247+.....

Long term NG will retest 110 levels again.....

GOLD is GOLD

As it is always said .....GOLD is GOLD

As mentioned in my last post Gold has bottomed out on last friday and it has started its upside move .....

Also mentioned that it will move up and down....But it will surely hit 32780+....

I am buying on every dip whenever it comes....loading up my buy positions....I expect a big move up in next 2 days which will give me my target 32780+ (Comex  USD 1400+ or exact 1400)....

Crude may fall to test 2631 levels again ....and I will close all my sell positions and buy near 2631 again....Crude will go up again same levels as COMEX USD 60 - USD 70.....

Which looks to get these levels both in Gold and Crude in this week on or before friday....


CHEEEEERRRRRSSSSSS................you all trade safe....this is my trade but I am keeping trailing stoploss always to protect my profits...

Gold update 6 August 2016

Ahhha .....As expected Gold had a fall finally......Even though it broke last friday's high .....it did not sustain much above it....so my initial sell postions had little loss but I covered by buying above fridaY's high and then reversing positions at 50% retracement at 31927.....and all my sell positions are in profit....I got my target of 31241.....where I closed half of my sell positions and remaining I am holding with SL 31300....

As I mentioned in my last post, I am expecting a fall and if fall below 31200......Maximum tgt 30992....But I think Gold has completed its retracement and now will start its upside moment again towards 32780.....COMEX USD 1420 ....( Ultimate tgt in COMEX is USD 1540+)....

I AM STILL BULLISH IN GOLD .....EVEN THOUGH IT MAY KEEP GIVING BIG DOWNSIDE MOVEMENTS.....IT WILL SURELY HIT 32780 AT SOMETIME DURING DECEMBER.....

IN SEPTEMBER WE WILL SEE 1 MORE LOW IN GOLD BELOW 31000.....GOLD IS TRADING SIDEWAYS SO THERE IS PROFIT IN BOTH BUYING AND SELLING.....I WILL BE VERY CAREFUL ABOUT EXACT ENTRY AND EXIT ....ALSO TRAILING STOPLOSS.....

Gold Update 31 July 2016

I have booked all Gold buy positions but it did not give target of 32000+++....

Anyway I will look for sell levels now in Gold and Silver.....

Gold and silver is showing divergence .....So expecting a big fall sometime coming ....I will wait for confirmation.....But I will start taking small sell positions and add more on confirmation ( CONFIRMATION IS BREAK OF 31200)....for TGT 31241 and if fall below 31200 with volume then 31033 and 30900....I will see price action at 31033 and 30900 levels for confirmation on upside movement......

I think Gold have a nice support at 31020 and it may not break 31020....lets see

Similarly 1st TGT for Silver set to 39000.....

BUT I WILL COLSE ALL SELL CALLS IF DAILY CLOSE IS ABOVE FRIDAY'S HIGH.....

GOLD UPDATE 24 JULY 2017-----UPDATED ON 28 JULY

I have covered all sell positions at 30860....Short term Gold is trading sideways to downside for target 30550-30400....But it will take some upside movement and the come down.....But over all long term I am still bullish.....

I will take trade as below

I will sell near 30990 for TGT 30684-672 SL above 31075...TRADE DID NOT TRIGGERED SINCE OPENED GAP DOWN

I will buy near 30684-30672 with SL below 30645 TGT 31265.....BOUGHT AT 30690 AND COVERED AT 31265

I will sell from 31265 till 31450 SL  31520 TGT 30388-30400....SOLD AT 31265 AND COVERED AT 31000 SINCE GOLD DID NOT BREAK 30950....PIVOT AT 30923.....SO BOUGHT AT 31000 SL 30900 FOR TGT 32000++++

I CLOSED ALL MY BUY POSITIONS AT 31020 AND NOW TAKEN SELL POSITIONS ....WILL BOOK HALF OF SELL POSITIONS AT 30900 AND HALF AT 30860.....THEN WILL SEE PRICE ACTION IF ANY MORE DOWNSIDE IS POSSIBLE....I STILL THINK SOME DOWN SIDE IS PENDING FOR TGT 30400-30300

GOLD IF DOES NOT SUSTAIN ABOVE 30840 then I will sell for TGT 30400...

Booked all buy lots at 30827....will wait to see if Gold sustain above 30840....

YES , IT FINALY SUSTAINED ...BOUGHT AT 30860.....

I BOOKED ALL MY SELL POSITIONS AT 30708 .......NOW HAVE TAKEN BUY POSITIONS AT 30708......FOR SOME UPSIDE MOVEMENT....I WILL ADD TILL 30647.....MY TGT 31175-31200+....AND MIGHT EXTEND FOR 31680

CHEEERRRRRRRRSSSSSSSS TO ALL FOLLOWERS.....MADE GREAT PROFIT FROM 32400 TILL 30708.....

I BOOKED ALL MY SELL POSITIONS AT 30708 .......NOW HAVE TAKEN BUY POSITIONS AT 30708......FOR SOME UPSIDE MOVEMENT....I WILL ADD TILL 30647.....MY TGT 31175-31200+

CHEEERRRRRRRRSSSSSSSS TO ALL FOLLOWERS.....MADE GREAT PROFIT FROM 32400 TILL 30708.....

Gold Update 16 July 2016

As I can see Bullish Cypher pattern is developing in Gold and Silver....I am still bearish in gold and silver....If this is correct then after I get my target I will be bullish in Gold for much higher targets..

I am still maintaining my Gold Sell positions and will add more at 31240 ......though my Trailing SL is 31200 I will book my sell positions at 31120 if it hits and sustain above it......and add more sell positions at 31240+ levels.....My TGT 30540 and 30400+ levels....( similarly Silver TGT 44250-45000 depending upon price action moment)

Downside support at 30538-30300....and small support 30670.....I will watch these levels as reversal levels for upside moment.....
Upside resistance to be broken is 31350 and 31550....

i HAVE KEPT TRAILING SL 31200 FOR ALL MY GOLD SELL POSITIONS....IT IT HITS THEN I WILL GO LONG AGAIN

Gold Update

I have covered all my long positions in Gold at 32400 and now I have sell positions with SL 32488.....I am looking for target near 29600-29500 level.....I will buy Gold only above 32500 for target near 32780+

I am buying Gold, Silver on dips and selling crude on rise.....base metals : I covered all buy positions ....will wait to see price action on monday for base metals positions....NG: I will add buy positions on dips....

Gold Update....

It has been good last 3 weeks ...I am maintaining traling stop on all buy positions and Now I will keep adding on dips some more lots....my TGT 32780+ by this month end.....
Buying base metals on dips....
Selling crude on rise....
Buying NG.....on dips....

Trade safe

yahooooo yahoooo........cheers.....Gold .....Crude.....Zinc......But slightly away with Copper....

All what I am yahooing is with Gold, Silver, Crude and Zinc.....forgot to mention about NG ( I am long since 115 and will not close it till my target is achieved)

I have been looking at Gold, Silver and Crude calls from different brokers , but I was firm on buy side even when it was falling....I had sell positions to some extent but then I was only one who took buy positions before others turned to buy side and I made huge profit so far in Bullions and crude against others calls...

Zinc all was on buy side and I am on buy side since long time ....look at my Positional call TAB .......I will not book Buy till I get my Target

Copper I am in loss to some extent but I will not book loss since it has not hit my longterm stoploss....I am targetting much higher targets in Copper too....but at the movement my risk reward ratio is good.....and same time I have made profit in other commodities and loss in copper is hardly 2% so far to profit made....so I am least bothered about it....but for sure Copper will sore up in coming days.....

Cheers to all who followed me so far....

will update next moves ....till then good night and happy week end

Gold Update

Gold may fall again anytime to fill the gap .....buy positions maintain strict SL....watch 29718, 29850, 30074, 30300 levels as reversal levels....Watch price action for a drop....

Start Selling Crude....

Commodity update 7 June 2016

Silver did not break 39000 during monday....I added more longs at 39113.....I am still carrying long positions from friday ....booked half today at 39400 and added more at 39113 for  1st tgt 39600 ....i will see if continues till 39800+ there I will book all long positions and then wait for 50% retracements to go long again.....

Gold as told before it broke 29400 with volume again...so added more longs at 29357 as it was 100 EMA support at 7 min chart ....i am maintaining SL 29300 ( if hit I will open short positions).....I will keep these longs till 30480...(30400+ ).....evev if SL hit I am still in profit since I have longs taken on Friday at 28848....

CAUTION : Gold may retrace till 29080-28960 level again ( remember there is a gap created in old and new contract) also 28960-28970 level was a resistance turned support now....we may see buying coming from these levels again....Trade safe with strict stoploss



I have taken sell positions in Crude at 3327....I will add more short if crude goes till 3369.....I am expecting Crude to fall till 2990-2952 (comex USD 44 level).....in 4-7 days ....anything below 3000 is bonus......Crude has a potential to see 2650-2652 level again if it break 2900 and then 2800....(which is 50% retracement from 1805 - 3442 rally)...so will first book profit at 2990-2952 and then decide further....

Base metals I bought today at closing.....if falls further I will keep adding more long positions.....TGT are very high .....

Commodity Update

Gold

As expected finally gold made a good bounce back.....I have covered half of my Buy positions and waiting to see if Gold breaks above 29400 convincingly ( with Volume)....Though Gold made high of 29420 but closed below 29400....at the same time Gold is still holding above 29310.....which is good sign for bulls.... But below if fails to continue above 29400 it can continue down trend till 26700 ...

I will add more buy positions above 29400 .....I expect Gold to test 29600+ and and if sustain above 29650 then 30480 level again....I will maintain SL below 29300....

One of my friend have a short positions at 28975 as lots of analyst were saying to short at it for TGT 28780-28700....But I told him to hold if he has capacity to hold with SL above 30800 at large for TGT 26700 as risk to reward ratio is good.......

I expect Gold to fall till 26700+ levels after it completing rally upwards.....and then from 26700 levels UPTREND will continue till 32700 + levels

Lets see what happens.....

Crude

As expected Crude has shown resistance around 3400 and dropped from there and closed near 3250 levels.....I am keeping my short positions for TGT near 2920-2860(updated on 6 June)....( Comex Gold near USD 42).....

Base Metals

We may see some downward retracement in base metals....I am keeping short with SL above last weeks High.....If SL hit then I will go long again in base metals.....But overall Base metals are Strongly bullish and still have potential to go more up.....example Copper can go till 318-320+ levels

GOLD UPDATE

GOLD IS GOLD...

It has taken out my SL...though I expect a bounce back anytime....There is a divergence in 4 hr chart....so I am buying at each support levels ........Since there is holiday in USA on Monday, there will be low volumes till wednesday.... I hope Gold will bounce back with these low volume and show reversal of down trend so far.....

I am buying base metals and waiting for buying / selling crude....

Gold

covered all short positions taken from 30500 at 29300...

i am buying anything below 29300....bought at 29290.....longterm tgt 30300-32792

Gold Watchout levels

I will Watch out 30500-30800 levels. and 29700 below...any drop below after a rise may be huge....expecting a drop of Rs. 1000 to 1200 in one day.....maintain strict SL or trailing SL.....

But if it break 30800 with volume then it will make new highs in this coming month....

Even if it retrace the long term tgt 32780 and 35000 are still intact....


Exact levels ???? let it remain with me this time.....Resistance ???

Trade safe

Gold Update....24 April 2016

Sorry for keeping out of update....
I am busy in some issues....

I have covered all sell positions and on buy side.... I got great level of buying with Sl 28980.... I bought at 28990 .....will keep my long view intact since monthly indicators are still showing buy signal....Now on I will buy on dips for positional trade  for my TGT 32700+....This is because I will not be trading daily and kept buy orders every Rs. 500 drop...

One thing is I am sure is that Gold is Bullish and will see new top of all time in future....I will keep long with all my money earned so far ....

I am investing in Gold for my TGT 35000+ ....it is long term TGT

Gold Update

Booked all buy positions at 29320 and now taken selling positions...will sell till 29350.....

Gold Update

I have closed half of  my long positions in profit  remaining lots I have kept for TGT 29300+ to 29600+.....I am maintaining trailing stoploss.....

But I think Gold will fall during next week.....lets see...

Trade safe.....

Gold Update

I have added some more long positions on Friday's drop near 28305....Added at 28320....My target 29300-29400 region....But if Gold break 28250 with volume I will go on short side....( I bought it since it sustained 28250 level which is my stoploss)

From there Gold might drop till 27830 level....lets see

Gold Update

As I thought before that Gold may test 28477 level , it did ....

I bought small quantity at 28740 and 28700 but my SL 28670 hit and Gold tumbled to 28450....I bought again at 28470 levels ....

Now I expect Gold to go up till 28800-28900 levels first.....

Here is how I would play this....as I am expecting bounce back from any levels below 28400....

I will buy till 28300 ....below this Gold can go till 28040-28080 zone ....break will see 27830+ levels ( as on monthly chart it broke resistance at 27833 , so it may test this level again..)....So I will sell for these targets ....but I will sell small quantity and book quick profits....

Gold is still in uptrend in Daily and weekly chart.....4 Hr chart is showing Down trend....15 min chart will turn positive if we get close above 28670 ( 15 min closing)....Then I expect that Gold might continue its uptrend for much higher TGT if it break 29340 .....I will sell small but buy big quantity....

But for sure there will be enough for sellers and buyers in both ways till it break 30200 level again....Gold will form Zig Zag patters ....

For any queries please call for free advice....

Gold Update 21 March 2016

Gold did not break 29820 today....I thought Gold will break it and may take support at 28740+ levels....

I was wrong in predicting down trend....Anyway but I got profit from my short positions....

I booked all short positions I will buy Gold above 29020

Now I will buy Gold till 29740-29700...TGT 30000+  I will keep a SL since Gold has chance of Going till 29477 Levels....

Trade safe

I am back ....Sorry for delay

Anyways.....

I ahve done as below

Closed all Long positions in GOLD and Silver....and now on short side for longterm TGT of USD 970.....

Taken Long positions in Crude and NG.....Long term TGT unknown....

Base metals ??? Let the magic remain with me.....

Positional now sell Bullions on rise and But Energy on dips....

Gold Update

My trailing SL hit this morning......Now no positions in Gold ......Except some Positional trade taken from 24800.....I will wait for fresh buying or selling for intraday only....

I am adding more Long positions in Gold and Silver.....( For Positional Trade)......

Gold retraced to 29100 -  levels from 30150+ level....then bounced back to 29960 level and again retraced till 29460+ level...

I think it has completed its consolidation and now ready to make new high / continuation of uptrend....

I have added more buy positions at 29100 and 29480 ....I will add more again if it go just below 29200 ( Chances of Gold going till 29200 level is very less...but still....) for TGT 30200-30500+ levels.....

Silver has not broken 37400 ( I have kept trailing SL below 37400 on daily closing basis).....Silver next TGT 38400-38800 zone.....and then through 38900 to 39500-39600+ zone...

I have booked all Long positions in Crude since it has not crossed 2650 and not given closing above 2650 on daily/weekly closing basis......Now I will take long positions only if daily closing is above 2650.....

I have opened fresh HUGE short positions ( Since I got small SL 2650 on daily closing basis) in Crude for short term ......TGT I am keeping flexible ( But I think Crude will make new low near 1475) .....I will watch for a break below 2380 and then 2200......

Base metals - I will add more buy positions on dips....My copper 1st TGT is 360-366 zone....Zinc 140+ etc etc

I was not able to put my intra day positions due to lack of time.....will be back from 15 March to post other commodities positions......

I WILL BE BACK FROM 15TH MARCH 2016

Till then Bullions will retrace downside and Crude and base metals will bounce back upside......

Gold below 29700 may bounce back from 29480 level.....But below 29480 Gold may retrace till 28500 and below 28400 tgt zone 27500-27475 levels and watch these levels for a good bounce back till my first target 32700+.....(USD 1400+ - 1540)

I WILL KEEP LONG POSITIONS AND ADD MORE OF ANY RETRACEMENTS.......I WILL NEVER SELL FOR RETRACEMENT......MY TGT IN COMEX USD 1500-1540+

Crude may got till 2600+ (or may be more) levels to reverse again for levels below 1600.....Long term view still bearish till 1600-1500 is hit.....(USD 25-USD18in comex) 

BUT THERE ARE GOOD CHANCES OF NOT SEEING 2000 LEVELS IN NEAR FUTURE.....CRUDE OIL MIGHT HAVE JUST BEGUN A UPTREND....THERE MIGHT BE SOME RETRACEMENTS JUST ABOVE 2000-2200 .......SO I AM KEEPING MY LONG POSITIONS FOR MUCH HIGHER TARGETS....

Overall View still remains bullish for Bullions  and Crude will eventually fall to new low levels.....Watch USD 42 level in Crude (in Comex)......for potential reversal

Trade safe ....cheers

Gold and Base Metals

I have booked all buy positions on friday with minor loss.... Now no short term positions....

I might sell small lots below 26100 depending on what indicators are suggesting..... for TGT 1 near 25760 TGT 2 near - 25530-25550..... Gold may bounce back from 25750-25760 levels for targets near 27600-27700 levels......

But overall I am still bullish on Gold and till it is surviving above 26100 on daily closing basis I am still looking at short term targets near 27600-27700 levels.....Long term target 32790 is still intact

Similarly for Silver I still have buy positions and trailing SL below 33700....I am looking for targets in the zone of 36000-37000.....I will keep Silver long positions and rather add more if it drops further.... 

Because of this Crude may turn bearish ....I will watch break below 2100 to short crude again.....NG I hope will see 149 levels again where I might short it again for TGT 135-123+

Base Metals : Zinc 105, Lead 113.50-114 Copper : 305+ targets are still pending for my buy positions ....I will add more longs on each dips......But I dont think base metals will break last WEEK's low and thats why I am maintaining SL below last week's low.....

Gold

I booked all sell positions taken on Wednesday and bought for target 27200+

Since Gold holding on 26100 level its a good sign that Gold can reach 27200 levels....

If break 27100 then I will Go for Sell for small target 25710....Break of 25700-25680 will suggest that trend has reversed

CRUDE:

I AM HOLDING CRUDE LONG AS SUGGESTED BEFORE FOR MINIMUM TARGET 2110

Gold

I did not get selling signal.....but bought it and booked at 26625....

But Gold may fall any time ....now target 25700....may be tomorrow.....I will wait for proper signal for buy or sell....

Still Long term target 32790 is intact.....I still have long positions .....but I am trading intraday too now a days since it is giving good profit in buying and selling too at  least 100 points in selling ....

Gold

I bought yesterday since my trailing sl hit and bought more at 26217...booked all and waiting to sell again TGT 25000

I will sell silver on every rise for 2000-3000 points fall now

Commodity - My Strategy Updated 17 Jan 2016

I have booked all long positions in gold at 26200....and feeling very happy that I decided to book it in time....

Now I have short positions at 26200 and I will add more at 26340-26350 for the target of 25090-25000....yes 25090-25000....

First TGT 25710-25665 then it will retrace back till 25870-26000 and then it will fall to above targets....

But if on its way to 26000, if  Gold cross 26260 with volume I will buy....Still long term TGT 32790 is intact

My positions will be - I have sold and will cover 50% near 25910...buy 50% at 25910 sell near 26000 and sell near 26000 for TGT near 25710


I will add more short positions at 26000....and 25500 (First TGT 25710-25665)

Zinc

 Zinc I have long positions  at 97 and will add more long at 98.65 and 97.30 for TGT 109+ with SL 96.50

Lead

I have long positions and will cover it at 112.50 and 113+....I will add more long till 105 with SL below 104

Copper

I have long positions and will cover at 305-309+ ....I will add more long positions without any SL will add more at 287 and 285

I have also sell positions in copper taken long back for target of 280but it will take time

Crude

I am expecting crude to bounce back at least near 2250 levels so I have added more long positions in it with stop loss below 1980...

But if crude break 1970 then I will go short for targets near 1600...

NG...

I have short positions and will cover all at 135....I will go long at 135-133 for target of 143-146-149

Crude - I will sell only below 1980...( but on other hand I am buying also small lots with SL 0 ( Zero)...hahahahaha

Gold is unable to break 25123.....So now I am selling on every rise for lower TGT .....If this time Gold break 25200 on down side then we may see 24100 in few days....

NG 1st Selling TGT hit @ 149....Now waiting for 135 minus

Gold and Silver TGT hit....

Now looking for Selling it for TGT 25600 ( Final TGT 25280-25000) if it breaks 25700....but if break 26025 then I will buy

 and Silver 33600

Commodity My view - 12 Jan 2016

As expected Gold hit 26680....I booked all Gold sell positions at 25680 and bought at 25680 with SL 25670 on daily closing basis ....

TGT1- 25950, TGT2 26020......Then I will book 50% Buy positions and wait for some retracement.....

I will add more buy above 25125.....Upside TGT 26340-25560.....Long term target still intact at 32000+

But if Daily close below 25670 then I will sell for TGT 25480-25240


Silver as long as trading above 33300 with 4 hr closing basis I will keep buying on dips.....TGT 34300+...

Base Metals...

I have already started buying it again for Rs. 7 upside TGT from today's low....

NG - I booked all sell positions and waiting for fresh trade....

Crude : I will book all sell positions near 1865 and start Buying more.....( thought I have few buy positions taken yesterday)

Started buying Base Metals, Crude, NG

Booked Copper sell positions at 293.80.....Will sell again if break 293....Otherwise Copper can go up again

bought crude at 2179 will add more at 2153.....booked at 2200

Gold My View - 10 Jan 2016

Gold still remains on bullish side till above 25200 on daily closing basis.....

But we have seen resistance at 26123 and can expect some down side retracements till 25680-25690 zone .....which may be good buying zone if it reach there.....otherwise below 25670 Gold can retrace till 25240-25260

Gold will face strong resistance at 25300+ levels and may fall from there to above levels....only if it takes out 25700 level ...

Now Gold will trade sideways so I will prefer Sell on rise and buy on dips strategy....MACD and RSI can help to decide entry/exit....But having said so....Gold will break upside eventually for more upside targets....We may see new high by end of March....Gold still has potential to go till 26800-26900 levels where we may see drop again .....Long term targets still remains at 32000+ levels

Silver is weak and may fall further

Further to this fall in Crude will help Gold go up.....Crude will have worst year 2016

Base Metals & Crude

As mentioned before base metals have taken full retracements....Now it is interesting to see if it has reversed from these levels....

It might pullback little from Thursday's low but I feel it will trade sideways for some time ......

I will book all buy positions taken on Thursday with small profits and wait for break on either side.....Most likely the Break will come on upside for new high.....lets see.....how far up it goes....

Example: I will still hold my fresh bought Zinc with SL 97.50 on daily closing basis TGT 103+.... Copper with SL 298.50 on daily closing basis....Now copper needs break out at 308-309 on daily closing basis....If not I will sell at 298.40 for TGT near 276

Lead Call: Buy above 111.25 TGT 112.25-112.60.......Sell at 112.60-112.25 OR Sell below 108...TGT 105.4-104.10-100.66-99.25......................( Zinc may fall till 96.20-96.50 levels.....above 101.35 it can take 103 levels and then fall to 96.20-96.50 levels.....either sell at 103.30 or sell below 99.40)

Crude

Crude has much more room to fall further deep deep down....A small pull back was seen on friday and now It will fall more deep down .....(Comex $18 or more).....

But I will watch 2120-2130 zone carefully as this is big reversal zone....Crude may bounce back sharply from here ......

Gold Update - Updated 10th Jan 2016

Gold still remains on bullish side till above 25200 on daily closing basis.....

But we have seen resistance at 26123 and can expect some down side retracements till 25680-25690 zone .....which may be good buying zone if it reach there.....otherwise below 25670 Gold can retrace till 25240-25260

Gold will face strong resistance at 25300+ levels and may fall from there to above levels....only if it takes out 25700 level ...

Now Gold will trade sideways so I will prefer Sell on rise and buy on dips strategy....MACD and RSI can help to decide entry/exit....But having said so....Gold will break upside eventually for more upside targets....We may see new high by end of March....Gold still has potential to go till 26800-26900 levels where we may see drop again .....Long term targets still remains at 32000+ levels

Silver is weak and may fall further

Further to this fall in Crude will help Gold go up.....Crude will have worst year 2016

Small traders may stay on sidelines till convincing break on either side......

Natural Gas

I added more sell positions at 163.....will add more sell at 169....TGT 150-135 or more down...

NG remains sell on rise for big profits....NG may not sustain above 169.30.....

Base Metal

Bought all base metals ..


Base metals may have reversed....lets see...

Base Metals

As expected Lead hit 113 and Zinc 102.30....

Now covered all Sell positions....I will start buying on every fall of Rs. 1 in Zinc and Lead ....SL Rs. 3....Target Rs. 10+.....

Cheers

Commodities - My View - 3 Jan 2016

Happy and Wealthy new Year to all Followers....

Gold

I will cover all my Buy Positions in Gold at 25115.....And Look to Short again for TGT near 24700 where I will look to Go long...( Comex near $1050.30)....But daily closing/opening above 25150 will make Gold more bullish for much upside targets...

I will book 3/4 th of  my buy positions in Silver at 33450.....Below 33000, Silver may drop till 32600 again.....I will keep SL 33000 for Silver for all my buy positions, If it hits then I will sell for target near 32620....

But I am still bullish on Gold and Silver.....It can bounce back heavily any time so will keep trailing SL on my short positions to protect my profit....

Base Metals...

Base metals are still Bullish and some retracement can be seen in between....I will add more buy on dips with trailing SL to protect my buy positions taken earlier....Lead may see 113 levels again...

Crude and NG

Crude though showing intent of bounce back but failing to stay above 2500....If Crude break 2300 again then downside target near 1800 but If stay above 2512 then upside targets can be seen 2600, 2800, 2900+

NG now below 161 can retrace till 143-134 levels....where we may see some buying coming up for targets 165-175....NG in near future can see 190-220-290 as long term targets if stay above 130.....I have some long term positions for which I will keep trailing SL at 130 ( Bought at 115....rest all I have booked at 159 and will add more at 143 and 134)...