Saturday, 12 March 2016

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......