My Commodity Update 26 Feb 2017

I am buying Gold, Silver, Base Metals and Natural Gas on dips and selling Crude on rise.....

Gold has minor chance to test 29400+ levels ....I will keep buying till then if it goes there.....Now finally I can see that Gold will reach my Target 1 32700+ and then with some retracement ( or no retracement ) will shoot up to 33000-35000+ zone .....

I think base metals will have a nice bull run during this week after some consolidation and continue upwards.....

Crude needs a breakout below 3400-3300 zone ....I will keep short positions till it close above 3700 on daily closing basis....

NG has made double bottom at 169 which is strong buy signal ...I will keep Long with SL below 168 for much higher target ...TGT 1-  250...

Base Metals

Covered all sell positions and added more Buy positions today morning....

BASE METALS

I covered all my buy positions at last rates and added more sell positions now....

Base metals are trading sideways so I will buy at today's bottom again

Gold Silver NG Crude Update....18 Feb 2017

Gold & Silver is again moving sideways but with upside momentum .....

But it is facing Trendline resistance on upside....Gold and Silver will retrace during Monday till 29170-29065 levels .....I will watch these levels as reversal levels....But need a good confirmation of reversal....Break below 28860 can Take gold to 28400 maximum....

Silver maximum down is 42400 and break below 42200 can take it to 41100 maximum....

Crude is trading sideways between 3600 and 3520 break out on either side will decide its next trend....

NG has shown a good sell off during last week and now ready for reversal which might have happened yesterday ....I have opened buy positions from191 ....I will keep buying till 189 with SL  181 ( Positional).....for Targets of 250......

Copper,Zinc and Lead Overview 18 Feb. 2017 - Revised.....

I HAD WRITTEN FOLLOWING IN WHITE COLOR EARLIER BUT AFTER LOOKING AT WEEKLY CHART I HAVE CHANGED MY VIEW ON BASE METALS....lETS SEE....BUT FOR THAT NEED TO SEE BREAKOUTS ON DOWN SIDE AS IT IS TRADING AT TREND LINE SUPPORT.....UPSIDE IS NOT LIMITED....I WILL KEEP MY BUY POSITIONS AND OPEN SELL POSITIONS ALSO SEPARATELY TO KEEP LOSS LIMITED TILL I SEE BREAK DOWN...

I THINK I HAVE TAKEN A RISKY TRADE FOR UPSIDE TARGETS.....IF THE OPENING ON MONDAY IS GAP DOWN I WILL COVER ALL BUY POSITIONS....AS WEEKLY CHART IS SHOWING REVERSAL SIGNS TO TEST PREVIOUS LOW AS LONG TERM TARGETS.....LETS SEE....I MIGHT GO TO SELLING SIDE ON MONDAY....ZINC CAN FALL TILL 158 ( I WILL SELL till 189.70 sl 192.50)  ...LEAD CAN FALL TILL 124-125 ( I will sell till 154.60.....149 AND 145 LEVELS TO BE WATCHED ON THE WAY).....COPPER TILL 332 

During past few days Zinc and Lead had shown sell off /pullback from 199+ levels.....though my first target achieved (199+)....it was obvious for a pullback....

On daily chart both commodities are trading sideways but upside momentum....It will still show up and down movements for some more days.....Now for those who have stuck in buying at higher levels must have got worried about their losses....but nothing to worry about as again Zinc and Lead will show upside momentum soon.....

During next week I will look for buying signal...I will buy Lead between 149-151 if it comes there .....I have already opened buying positions at 151 and will buy till 149.15.....with SL 149 on daily closing basis for first  target of 161.30....But this time I am sure that it will break above 165.15 strongly and show strong upside trend.....

Zinc I have already opened buy positions at 187.70 with SL 184 on daily closing basis for First target 195 and 210 last target....

Copper I have opened buy positions at 397 and will keep buying till 395.20 with SL below 391 for target of 452....

BUT IF MY SL HIT ON DAILY CLOSING BASIS THEN I WILL SELL FOR DOWN SIDE TARGET WHICH I WILL UPDATE LATER....