I am buying Gold, Silver on dips and selling crude on rise.....base metals : I covered all buy positions ....will wait to see price action on monday for base metals positions....NG: I will add buy positions on dips....

Gold Update....

It has been good last 3 weeks ...I am maintaining traling stop on all buy positions and Now I will keep adding on dips some more lots....my TGT 32780+ by this month end.....
Buying base metals on dips....
Selling crude on rise....
Buying NG.....on dips....

Trade safe

yahooooo yahoooo........cheers.....Gold .....Crude.....Zinc......But slightly away with Copper....

All what I am yahooing is with Gold, Silver, Crude and Zinc.....forgot to mention about NG ( I am long since 115 and will not close it till my target is achieved)

I have been looking at Gold, Silver and Crude calls from different brokers , but I was firm on buy side even when it was falling....I had sell positions to some extent but then I was only one who took buy positions before others turned to buy side and I made huge profit so far in Bullions and crude against others calls...

Zinc all was on buy side and I am on buy side since long time ....look at my Positional call TAB .......I will not book Buy till I get my Target

Copper I am in loss to some extent but I will not book loss since it has not hit my longterm stoploss....I am targetting much higher targets in Copper too....but at the movement my risk reward ratio is good.....and same time I have made profit in other commodities and loss in copper is hardly 2% so far to profit made....so I am least bothered about it....but for sure Copper will sore up in coming days.....

Cheers to all who followed me so far....

will update next moves ....till then good night and happy week end

Gold Update

Gold may fall again anytime to fill the gap .....buy positions maintain strict SL....watch 29718, 29850, 30074, 30300 levels as reversal levels....Watch price action for a drop....

Start Selling Crude....

Commodity update 7 June 2016

Silver did not break 39000 during monday....I added more longs at 39113.....I am still carrying long positions from friday ....booked half today at 39400 and added more at 39113 for  1st tgt 39600 ....i will see if continues till 39800+ there I will book all long positions and then wait for 50% retracements to go long again.....

Gold as told before it broke 29400 with volume again...so added more longs at 29357 as it was 100 EMA support at 7 min chart ....i am maintaining SL 29300 ( if hit I will open short positions).....I will keep these longs till 30480...(30400+ ).....evev if SL hit I am still in profit since I have longs taken on Friday at 28848....

CAUTION : Gold may retrace till 29080-28960 level again ( remember there is a gap created in old and new contract) also 28960-28970 level was a resistance turned support now....we may see buying coming from these levels again....Trade safe with strict stoploss



I have taken sell positions in Crude at 3327....I will add more short if crude goes till 3369.....I am expecting Crude to fall till 2990-2952 (comex USD 44 level).....in 4-7 days ....anything below 3000 is bonus......Crude has a potential to see 2650-2652 level again if it break 2900 and then 2800....(which is 50% retracement from 1805 - 3442 rally)...so will first book profit at 2990-2952 and then decide further....

Base metals I bought today at closing.....if falls further I will keep adding more long positions.....TGT are very high .....

Commodity Update

Gold

As expected finally gold made a good bounce back.....I have covered half of my Buy positions and waiting to see if Gold breaks above 29400 convincingly ( with Volume)....Though Gold made high of 29420 but closed below 29400....at the same time Gold is still holding above 29310.....which is good sign for bulls.... But below if fails to continue above 29400 it can continue down trend till 26700 ...

I will add more buy positions above 29400 .....I expect Gold to test 29600+ and and if sustain above 29650 then 30480 level again....I will maintain SL below 29300....

One of my friend have a short positions at 28975 as lots of analyst were saying to short at it for TGT 28780-28700....But I told him to hold if he has capacity to hold with SL above 30800 at large for TGT 26700 as risk to reward ratio is good.......

I expect Gold to fall till 26700+ levels after it completing rally upwards.....and then from 26700 levels UPTREND will continue till 32700 + levels

Lets see what happens.....

Crude

As expected Crude has shown resistance around 3400 and dropped from there and closed near 3250 levels.....I am keeping my short positions for TGT near 2920-2860(updated on 6 June)....( Comex Gold near USD 42).....

Base Metals

We may see some downward retracement in base metals....I am keeping short with SL above last weeks High.....If SL hit then I will go long again in base metals.....But overall Base metals are Strongly bullish and still have potential to go more up.....example Copper can go till 318-320+ levels