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)...