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.....