Sunday, 26 March 2017

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.....