Stay ahead in the base metals market with our expert tips and analysis. Our research reports cover all aspects of base metals trading, including aluminum, copper, lead, nickel, and zinc, to help you make informed decisions and maximize your profits.
Nickel just touched support trend line and jumped upside in last trading session! And also small support level 558.5 is a little far away. Do you think, nickel will remain in the downtrend this week or go upside?
If we see Major commodities by Top Losers then crude oil took the 1st place. It lost -212 rupees (-6.20%). Natural gas also dropped on warm weather predictions. In my previous weekly newsletter (click here to read), I had said, “if it (crude oil) will remain down and close below to 3400 level then sell for 3300-3200 for next week!”
And as I said, “crude oil made low 3195 and closed at 3208 in loss -93 rupees (-2.82%)”.
I hope, everybody booked profit at 3200 level (Earned Rs.20,000/lot) in last trading session!
Where crude oil go now? Keep reading… The answer is below!
Futures-based ETPs: Precious Metals -1.04%, Industrial Metals -0.32%, Energy -6.64% and Agriculture -2.08%.
In last week all major commodities were down and Gold & Aluminium tried best to remain upside. Look at bottom of this article for weekly MCX Top gainers and Top losers.
Is Silver Best for Sell Today?
Someone asked during the phone call, where gold will go? while I was saying everybody SELL Crude oil. Opportunity is most important. If anyone thinks, GOLD is my favorite and I want to trade daily in Gold then I don’t think it works all the time! You must jump on the right commodity at right time!
Silver is better than gold in this week.
If it will crossover and close below to 41160 level then you can sell for 40952 – 40760 levels.
What will happen if it will remain above last trading session high? To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
The lead had lost -5.6 rupees in last week and closed 139.10 level. You must check my previous week newsletter to study Lead chart by click here.
MCX lead had broken uptrend line and it can go more down from here if we see closing below 139 level.
On this week, the lead may go downside up to 134 – 132 levels if it runs as above mention.
Do you think nickel will more down this week?
I think silence is the best answer. Read my previous week newsletter by click here.
Crude oil is running very fast downside. It can take some rest and may try to run 3300 this week. I will not say perfect entry level this week.
…But Crude oil will hit 3170-3140 levels soon.
First, let’s start with last newsletter updates. If you didn’t read that, click and read it now →.
I had written in Bold Words: “Do you still think, Crude oil trend is upside for short-term, then you can be a fool!”
if it will remain down and close below the 3400 level, then sell for 3300-3200 for next week!
Crude oil made low, 3267. Touched the first target!
Do you think, it will touch the second target today?
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Unlock This ArticleWhat did I say in the previous newsletter? Read it again by clicking me →
I had written, “Recently it had broken support trend line. Nickel continue weakening can drag down up to 610 – 580 below levels.”
This week, Nickel made low 601.3. It touched the first target day before yesterday. It’s time to invest in Nickel and it gonna blast soon…
More information available for subscribers only.
Before I say single word about Zinc, first I’ve to say just read my 15 days back published Zinc report by click here →
You can see in the chart, I’ve mentioned 3 levels 163.183, 150.427 & 138.015. Just a day before yesterday Zinc touched 1st level, and yesterday it tried to remain upside. Do you really think, it will not move downside anymore?
This week, Nickel made low 601.3. It touched the first target day before yesterday. It’s time to invest in Nickel and it gonna blast soon…
More information available for subscribers only.
It’s very hard to decide which direction bullion commodities will go now because Shanghai-based bullion bank said, “If Trump is to perform some military action against North Korea, gold will definitely reach $1,300.” After Trump’s victory bullion commodities are going upside and metal commodities are going down. Look at the broad-based ETPs heatmap to understand last week games and that’s clearly indicating Precious Metals & Energy was positive and Industrial metals was weak.
Above COMEX market wrap-ups can help you to understand the MCX previous week movement. You may see last week Top Gainers & Top Losers below to get how that impacted:
| TOP GAINERS | TOP LOSERS | |||||
| Silver | 1192 | 2.88% | Nickel | -30.1 | -4.58% | |
| Silver mini | 1183 | 2.86% | Nickel mini | -30 | -4.57% | |
| Silver micro | 1178 | 2.85% | Copper | -9.85 | -2.62% | |
| Gold | 725 | 2.53% | Copper mini | -9.7 | -2.58% | |
| Gold mini | 708 | 2.47% | RBDPMOLEIN | -13 | -2.39% | |
| Gold petal | 54 | 1.86% | Aluminium | -2.65 | -2.11% | |
| Crude oil mini | 62 | 1.85% | Alimini | -2.6 | -2.07% | |
| Crude oil | 61 | 1.82% | Zinc | -3.35 | -1.95% | |
| Gold guinea | 396 | 1.70% | Zinc mini | -3.35 | -1.95% | |
| Cotton | 80 | 0.39% | Cardamom | -21.3 | -1.53% | |
| Natural gas | -2.9 | -1.38% | ||||
| CPO | -4.9 | -0.94% | ||||
| Lead | -0.45 | -0.31% | ||||
| Lead mini | -0.45 | -0.31% | ||||
| Mentha oil | -3 | -0.30% | ||||
Previous week MCX Top Three Gainers(in Mega) was Silver (2.88%), Gold (2.53%) & Crude oil (1.82%) and Top Three Losers(in Mega) was Nickel (-4.58%), Copper(-2.62%) & RBDPMOLEIN(-2.39%).
Moneymunch received so many comments & emails about Gold & Silver next moves. As per reader request, I should say 29000 to 29800 levels range are a trap for short-term/long-term investors. You must keep playing intraday trading between this range. If gold will break this range then my email will come in your inbox.
But if we talk about Silver then I should say buy at/above 42700 level after closing, for 43000-43400 levels.
CLICK BELOW “READ MORE” BUTTON TO READ CONTINUE… MCX GOLD, SILVER, CRUDE OIL, NICKEL & LEAD TECHNICAL REPORT…
This is the time, you should remind what I had said about MCX Zinc. First, click here and read my previous Zinc report.
You can read I strongly said, “If zinc will remain below 177.25 level then keep selling for 173.3 – 171.4 levels.”
ZINC TOUCHED BOTH TARGET!
So many traders commented on Zinc report. They earned approx. 5.85 point from this call. That means, per lot they earned Rs.29250!
THIS WEEK WEEKLY REPORT (INCLUDED GOLD, CRUDE OIL & LEAD) – AVAILABLE FOR SUBSCRIBERS ONLY!
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What did I say in the previous NSE Currency weekly report? You must read it now by click here >>
I had written, “If you want to sell anything from NSE Currencies, then I strongly recommend EURINR pair. Use my below levels as targets: 69.14, 68.65, 67.4 & 66.5”
EURINR closed 68.55250 on last trading session. And it touched my second target 68.65!
What else you need?
Do you want to know, will EURINR touch 67.4 & 66.5 level on before next weekend?
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Do you remember, what I had written about USDINR in the previous newsletter? Click here to read that again…
I had said in bold words, “Level 64.90 is crucial support and 64.40 is very strong support. If it will break crucial support then you can sell it for 64.40 level.”
On last trading session, it touched 64.40 targets.
I hope everybody enjoying free tips!
Look at above chart, MCX Zinc is going upside over 1 year. In last two trading session, it had broken 1-year Support trend line. Since the December 2016 year, Zinc price locked in a trading range bounded by upside resistance (197.5 level) and downside support (171.4 level).
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