I am selling base metals from yesterday on rise....I think they will fall bigggggg...Zinc may fall till 142+
Wednesday, 28 September 2016
Saturday, 24 September 2016
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)....
Sunday, 18 September 2016
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....
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....
Thursday, 8 September 2016
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 ....
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 ....
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