Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.
Look Zinc chart, if it will break the resistance then we will see 200 – 204+ levels soon and if the zinc will break support then we could see an unexpected downtrend. It may come down up to 187 – 184 levels.
Support Level: 2998 NCDEX Future Index very close to support level. If you like to trade in agri commodities then you must watch this level. Once it will break this level then we could see high selling pressures on major agri commodities.
Soyabean may come down up to 3050 but remember it should not close below this level otherwise we may see big downtrend (upto 2950level). Overall it’s in uptrend.
Targets: 3150 – 3200- 3250+
GUAR SEED IN DOWNTREND LOADING…
Do you like to trade in NCDEX Commodities? You must watch Guar Seed. If we see closing below 3630 level then the guar seed will drop nonstop up to 3560 – 3500 – 3450 levels… Keep note, closing is important here.
GUAR GUM – BEARISH DAY
If we see guar gum closing above 7800 level then leave it but… if you see below to this level then sell without any worry. Targets:7700 – 7600 – 7550
USDJPY technical pattern is indicating bullish sign. We are recommending all of our subscribers to wait for time to crossover 111.432 level. After close above or crossover you will see 114.075 level. Keep in mind, USDJPY index STOCH(9,6) indicating bearish pattern 110.265-109.499-109.104 levels.
Before bouncing at the 0.80567-0.81305 levels you must see 0.79725 level. Remember, If AUDUSD index crossover all close below 0.79390 level you will see 0.78767-0.78194 levels.