Aluminium is unstoppable. It’s running upside from Nov 2016. If aluminium will remain down to 124 level then it trend may change. But if it will cross / close above 124.5 level then my friends, you must buy for 126 – 128 levels.
If you want to make the profit then stay in positive trend only. Gold may hit 28300 – 28450 levels! This can be profitable if you know where to buy..!!!
Silver will also follow the gold and it can test 41500-41800 (Target) levels.
Caution: don’t buy/sell if you don’t have perfect entry level.
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For small traders: Cardamom was closed at 1459.8 (+9.8 rupees). If cardamom will open upward then buy it without any worry for 1470-1490 levels.
Copper is unpredictable nowadays. It’s making a trap for intraday traders. Copper will open positive and it may try to make new high (382+) but I recommend to stay away. I’m looking false selling pressure.
Zinc is unstoppable and on last trading session, it was dropped 1 rupees in last 20 minutes. Yes, it is also going to open positive in opening bell but I recommend to sell Zinc whenever it will crossover or close below to 172.9 level for 172 – 171.6 levels OR buy above 174.6 level for 175.2-176.
But don’t take any decision between 174.6 – 172.9 levels.
If you’re agri commodities lovers then you must like MCX Cotton. Cotton was dropping over 6 months but in this new year, it started moving upward. You must keep watching 19650 levels. If cotton will crossover and close above it then we may see 19800 – 20000+ levels before the weekend.
Gold was started falling down in November month and in this week it’s trying to run up. I don’t see gold in uptrend until it show closing above 28000 level so I would recommend to short term investors to keep selling it. But yes, if you’re an intraday trader then you must follow uptrend. If gold will remain upside to 27420 level for 1 hours then you may buy it for 27550-27650 levels.
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