EURUSD index indicator indicating selling signals for traders, you will see 1.08672 – 1.08580 levels very soon.
If EURUSD crossover or close above 1.09039 level, it will fly up to 1.09430 level.
A last hour high is stoploss for free subscribers.
In last week gold gained +273 rupees. If MCX gold will close above to 30070 level then we can see upside rally up to 30300-30530 level.
Don’t forget: gold can show up a rally in only 1 condition “it will need to close at / above 30070 level“.
If that not happen then gold downtrend will begin soon and it can drop up to 29790-29650-29550 levels.
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Silver is trying to recover 20 October loss but its failing. This week for intraday hurdle is 42040 level and if it will close above it then we can see 42106-42174 levels only. You must be thinking, why targets range is not big but look at its movement!
I don’t recommend to trade in Silver. Yes, the seller can get benefits because it’s become aggressive while got a chance to go down, so I would recommend keeping selling silver until it remains below the hurdle.
Target: 41822
If silver close or go below to 41800 level then my friends, Big Booooooom! And our subscribers are waiting for that moment.
It’s time to earn money from crude oil. Buying pressure will generate on 3426 level and buyers may push up crude oil above 3500 levels within an hour.
Crude oil is going to open downside. It can play between 3426-3376 levels range. If crude oil will remain below the 3376 level for more than 15 min then high selling pressure will generate, and it can be oversold.
If you are smart enough, then you can sell crude oil as per above-mentioned instructions.
Targets will be 3310-3266 levels.
Last week updated Technical report in what I had said about Natural gas? If you don’t remember that, then you may click here and read it again.
I have boldly said, “If MCX NG will try to break 215 levels or close below it then the natural gas could slip up to 210-203 levels.“
And Natural gas exactly did that and closed at 201.5 level. Both targets have been achieved.
Mentha oil is trying to go up but waiting for the buyers and that buyer may come after hitting 794 level before next weekend. I would like to suggest you to keep selling mentha oil until it hit the 794 level. Once it touches that level after you may follow last week instruction for higher profit.
GBPUSD index was a failed attempt to recapture high; you had seen its cascade lower.
GBPUSD index (6/10/2016) is clues that the trend down was coming to end here, you will see 1.24324-1.27744 – 1.30560 levels soon.
Keep in mind MACD and RSI waits for up-signal, if GBPUSD crossover or closes below 1.18872 level you may see 1985 year’s low.
This chart is a daily chart of natural gas. We can see natural gas started moving up after complete the first month (January) of 2016. In May month it made trap for greedy sellers (by fake out) and risen up till June end! But the main point is Natural gas well played in June ending because it had made one more trap for greedy buyers by price got rejected down initially in 29-06-2016 (look at above chart). But this all things are now a history.
Now what will be next move of natural gas?
Will natural gas remain bullish in 2017 too?
Will NG hit 230-246-258-277 this levels before 2016 end?
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Unlock This ArticleOctober month is fortunate for natural gas short-term buyers because it gained almost 24.1 rupees! Look at below chart:
Natural gas may come down up to 216 to make a fake out but if I would recommend to stay with trend and buy natural gas for 225-230 levels.
If MCX NG will try to break 215 levels or close below it then the natural gas could slip up to 210-203 levels. And I think, this information enough for a smart traders and short-terms investors.
But I would like to remind you again this article readers, if you want to BUY / SELL natural gas for long-term and with less risk then I suggest to subscribe our to read full Energy report.
Copper will move continuously upward in 2017 too? Well, I think I should to update that later. At the present time, copper is making bullish rising wedge and strong support trendline is suggesting upcoming days. It can generate fake out up to 308.5 levels before this month end, but you may continue buying the copper for 319.9 levels!
Keep in mind, 308.5 levels below closing can drag the copper down up to solid support level.
If you want to analyze copper and aluminium technically then I must prefer to read my 1st Aug, 2016 newsletter. Click here to read old report of Copper & Aluminium
Look at above MCX Lead daily chart. You may see MACD & Stochastic Oscillator indicating the down signals but small support is coming up at 130.7 level so what your strategy for intraday trading? You can share your view on lead in below comment box and I will update full report of MCX Lead for subscribers! To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
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Look at above MCX Mentha oil intraday chart. We will see shortly small selling pressure on mentha oil and it could slip up to 880 below levels.
If Mentha oil will close above the 920 level then then we will see 940-950 levels before 2016 year-end!
I think, gesture is enough for smart traders so I’m not going to explain in details.
USDJPY Index is going back higher.
USDJPY long-term patterns (121.675 high @ 29/01/2016 and 99.528 low @ 16/08/2016) suggested, USDJPY will reach 104.453-104.821 levels soon.
Keep in mind if USDJPY index cross-over or close below 103.922 level, you can see downtrend and support will be found at 102.81 level.
594 $ Benefit taken our premium subscriber last week in only one trade.
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Cotton Down Today and Tomorrow?
I’m saying to sell cotton over 2 weeks and if you don’t believe that then click here to read last cotton report. But the question is, is it still down? I would like to say, yes! Cotton will continue drill downwards.
If the selling pressure will remain on cotton then it could move down up to 19080-18760 levels.
Cotton rising signals will generate in only 1 condition and that condition is ‘cotton need to close or stay above 19830 levels‘.
