As I told last week...Something Big is coming ......Which is anyway good that all commodities will be trending and will not be in consolidation any more.....good time to earn good money....
Crude :Good that I could see the divergence in 4hr chart and I sold Crude at 3380....I will keep it till 3000 or more less than that....Not decided on target yet...May be near 2160-2000???? .......Trend is down in mid term.....For Long term I have taken positions and will keep selling till 3442 with SL above 3442..... TGT 1 = near 1500 and TGT 2 = near 1000
Crude :Good that I could see the divergence in 4hr chart and I sold Crude at 3380....I will keep it till 3000 or more less than that....Not decided on target yet...May be near 2160-2000???? .......Trend is down in mid term.....For Long term I have taken positions and will keep selling till 3442 with SL above 3442..... TGT 1 = near 1500 and TGT 2 = near 1000
NG : I am on buying side mostly for TGT 220+ and 243 ( would like to add buy on dips with SL 190....) But now I can see on 3 months chart that NG is very bullish for next few years to come and ready to break 402 levels also.....Up trend for some time.....I will take long term positions at 175 with SL 169 TGT 1 - 402++ and TGT 566....
Base Metals : I am selling on rise.....as Trend will be down for Short Term....I will decide to take Buying positions at some time .....Long Term trend is UP only...I will Sell Zinc Till around 157.30 - 159....( already sold some at 156.50) TGT 1 - 150 TGT 2- 125 -124 with SL above 161....
Lead I have sold at 140 and will add more at 141.30 if it goes there....TGT 127.50....
From the levels mentioned above for zinc and lead I will buy heavily for much much higher targets....
Lead I have sold at 140 and will add more at 141.30 if it goes there....TGT 127.50....
From the levels mentioned above for zinc and lead I will buy heavily for much much higher targets....
Gold : I am Bullish But no Confirmation on reversal yet so again maintaining strict stop loss as it is trading at major support and I expect a reversal/ bounce back...1st TGT 30560, 2nd TGT 30800+ and daily closing above 30900 will bring in more upside and 31466 is major resistance has to broken for TGT 32780 and more up....Break of 29860 will give way to all my upside targets....I will then be maintaining SL 29200 for all my big targets upside till 32780+++++
If fall below 29300 on daily closing basis then I revise my strategy.... But as I said before my upper targets are still intact.....as I will initiate buying positions at each support....risk rewards ratio is good for me...
If fall below 29300 on daily closing basis then I revise my strategy.... But as I said before my upper targets are still intact.....as I will initiate buying positions at each support....risk rewards ratio is good for me...