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!
Note: On last silver report, same day silver had touched the 1st target and missed just Rs.1 to touch the second target! Gold touched both targets even after the opening bell! You may read last updated gold & silver technical report by clicking here.
Don’t forget to read my previous report on Natural gas. If you forget it, then clicks here and reminds it now. Natural gas downtrend 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 subscribers. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
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 cross over 3175 levels and close above to this than soya bean can come again in the uptrend. Now smart traders must understand what they need to do!
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