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....