Commodity Update 26 March 2017

Ahhha everything is alright for me .....it's perfectly set as I have told last week.....This week I am expecting big upside momentum and break of short term resistance upside.....that will continue uptrend for coming some weeks and then some consolidation again....

Even though Gold, Silver, Base Metals and Ng have shown some little down side last week....I am still not worried ....As I mentioned before that there will not be major big retracements ......

Last week down side movement is a perfect bear trap and I am sure lot of you might have changed their view to selling these.....Crude also showed upside movement and not broken 3100 yet....Also in NG I have very small positions on buy side but still waiting for some down side till 188....lets see ....But if NG break 205 before that I will open more buy positions.....

Coming week will be very interesting to see lot of bears getting trapped .......

Just one call from my side .....buy Zinc SL 182 on daily closing basis target 212.30....and with small retracement Final target 234.50

I am still holding all my buy positions in all commodities EXCEPT Crude where I have Selling positions and will add more after break of 3100.....

So nothing has changed for me since last week....

I will trade Half positions with SL of Friday's low on daily closing basis.....( I don't think it will break anyway).....

You guys trade safe and have great next week.....

FOMC HAS RAISED RATES LAST THURSDAY .....NOW THERE WILL NOT BE ANY RATE HIKES IN THIS YEAR......EVEN IF THEY WILL KEEP SAYING THAT THERE WILL BE 3 MORE RATE HIKE THIS YEAR......I DONT THINK THEY WILL RAISE IT FURTHER SO I WILL KEEP BUYING METALS AND NG......AND SELLING CRUDE

I will not look at Dollar index now on.....Most of analysts say that Gold will rise if Dollar falls and if Dollar is up Gold will go down....

BUT NOW I AM LOOKING FOR A MAGIC................DOLLAR AND GOLD WILL RISE TOGETHER......BUMPER DRAW....

Commodity Update 19 March 2017

At last now the commodities are showing some signs of trend....CHEERSSSSSSSSSSSSS......MARKET IS IN TREND NOW....

Gold and Silver hit my stop loss again but as I said I sold it for my target (Gold as mentioned before 28000).....Also I said earlier that Gold maximum down is 27850....It did not go till there but bounced back from 28907......

Anyway, I bought again at 28000 with SL below 27850 for TGT 28300 but now I kept all my buy positions and did not book at 28300........I will keep adding on buy positions till 28250 again for my LONG AWAITED target 32750+++ ....But now I have revised my long term targets to 42000......

I don't think now Gold will see 28000 levels again this year till my target 1 32750++ and then with some retracement ( which we will see that time) will go till 42000 ( or equal level to Comex 1700+)....

Silver will make new all time high above 100000.....

Base Metals : I covered my long positions and was waiting to break supports....But it did not.....

I have no positions in Base metals yet .....with the price movement on Friday now it looks that they have made double bottom last week and now reversed to make new Highs.....Zinc will hit my LONG awaited target 1 - 210.....

Crude is about to fall more when it breaks 3100 again.....I will keep selling till 3220 .....

NG is revered from 169 after making double bottom.....I have some long positions but I am waiting for 187.60-188 range to add more buy positions for TGT 1 250 and TGT 2 - 270+.....

SO OVERALL I AM BUYING GOLD, SILVER, BASE METALS, NG......SELLING CRUDE......

Base Metals

Covered all buy positions and waiting for support to break to take some sell positions...

GOLD UPDATE

Though my SL 28250 got hit......I am still Bullish on Gold till it breaks 28085 on daily closing basis...
I have decided to add more buys till 28195 now.....I will keep intraday SL 28150 and try it again tomorrow....

But if my SL hit this time then I will start selling on rise for the target near 28000

Commodity Update 12 March 2017 Will

Gold : As I was buying Gold till 29400 and My Stoploss got hit at 29300 I went on selling side and covered all my selling positions at end of Friday at 28350....

Now I am on buying side with SL 28248 for TGT 28520 and 28720....Maximum upside 28920+....Then I may start selling for TGT below 28000.....(27700)....But it may be that Gold might have found bottom.....lets see what levels it go upside first which will confirm this...

But if Gold goes to below 28000 levels before going upside 28520 then I will buy below 28000 anyway......(27700).....but Gold may turn down from 28520+ levels....So I will be very careful since it is retracement for short term....

Below 28000 I think upto 27850 is maximum down side possible.....I will look for buying signal below 28000 with closing basis SL 27800 for my still pending upside targets 32780++++

Zinc can go till 185+ levels ...188.10, 191+ in extension is possible.....Lets see...but it is also possible that it may go for all time high again

Lead ...till 154 if sustain above it 156, 158, 161 & 163 are levels to watch for sell signals....Lets see...but it is also possible that it may go for all time high again

NG I am on selling side from Friday at 200 for TGT 188....Where I will buy massively for TGT 250

Crude : my selling target is done at 3220 and now no positions as I think Crude might consolidate....I will wait and watch....