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.
We will update more about Gold & Silver in details with premium subscribers only.
COMEX Gold is at the crucial level and if it will not stop moving downside and show us closing below to $1144.5 levels then nobody can hold it to touch $1110-$1085 levels in upcoming days.
MCX Traders can see gold below 27500-27250 levels today. And if gold will close below to 27230 levels then we will definitely see 27000 – 26500 below levels in December month!
If anyone suggesting to buy gold for short term then don’t buy until the gold will close above to 28000 levels. For gold intraday trading tips: Subscribe now!
IF SILVER WILL STAY BELOW TO 40960 LEVELS AND SHOW CLOSING BELOW TO THIS LEVEL THEN YOU CAN SELL SILVER WITHOUT ANY WORRY FOR 40550-40000-39800 LEVELS.
Crude oil in the uptrend. It will surely open downside today and it can run downward more too but we recommend to buy in deep as much as possible. Exact entry level I will not mention here but 110% crude oil will show 3600-3850+ levels.
For exact entry level + stop loss + by SMS = available only premium subscribers!
I don’t have to say anything long about lead
Targets: 153.5-150.5 levels
On 1st December, 2016 (Two weeks back), what I had said about Cotton while it was running at 19100 around?
If you forget it then clicks here and reminds now.
I said in bold words, “MCX Cotton is sharply moving downside and it could hit 18850-18760 levels so small traders for good opportunity arising here.”
Last Thursday MCX Cotton had made low 18670 and completed our both targets!
If you’re NCDEX trader then you must read this: NCDEX Future index will close below to 3202 levels then all agri-commodities will start falling down. Majorly it will effect on coriander, rape mustard seed and soya bean price. It will happen only if it close below to 3202 level other than it will remain positive and recover last week loss.
More information about agri-commodities will be updated during market hours for premium subscribers.
Silver is under downtrend and it will remain down for next week. You may see above chart, silver was well played with intraday traders on last trading session but it can’t stay up anymore. Yes, it may test 40800-41200 levels before start falling on next week.
Targets: 40000-39600 below
Keep in mind, sell silver below 41200 level because above this level – buyers can force it to run up without break!
Don’t forget to read my previous report on Natural gas. If you forget it then clicks here and reminds it now. Natural gas down trend will be once it shows closing below 225 levels.
If natural gas will remain upside (225 level) then we may see again 240 – 245+ levels on next week.
Lead will remain down next week too. It can become positive in one condition if it will close or crossover 156 levels. Only 156 levels can generate buying pressure for 158-160 levels.
I recommend selling lead around 155 levels for 152-150 levels.
Cardamom will continue to fall down up to 1554 levels. More information I will update due to market hours for premium subscribers.
Last week, we got so many emails from agri-commodity traders and they were asking about Soya bean. Here’s our soya bean view:
NCDEX Soyabean is trying well to recover 2016 years loss because it’s continue falling after April of this year. I would recommend keeping selling soya bean 3075-3000-2950 levels.
If it will crossover 3175 levels and close above to this then soya bean can come again in the uptrend. Now smart traders must understand what they need to do!