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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.
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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 2950 level). Overall it’s in uptrend.
Targets: 3150 – 3200- 3250+
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.
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
Do you remember, what I had said about Coriander on previous Monday newsletter?
Click Here & Read it…
I had written, “Coriander running around the bottom. If it breaks 4490 level, then we may see 4400 – 4350 levels soon.”
Its first target (4400 level) touched in last trading session. Do you think we can see second target level on this week?
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What I had said about Natural gas in previous newsletter? Click Here to Read
I had written, “Remember, if natural gas will remain above 186 level then it can jump upside up to 189 – 192 levels.”
Natural gas both targets are touched yesterday!
What I had said about CPO? Click Here to Read
I had written, “If you’re a small trader, then look to Crude Palm Oil. CPO is the unstoppable commodity. We will see 536 – 538 levels soon.”
CPO All Target Touched!
Not only MCX Natural gas & CPO updated on Monday newsletter. I had also written about NCDEX Maize.
I had clearly said, “Maize is dropping over 2 months. As per weather reports, we can expect 1225 – 1200 levels before next weekend.”
Same day, Maize touched both targets!
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Natural gas at crucial level.
Hurdle: 184.5
If natural gas will close below this hurdle, then a downtrend will start, and it can hit 181 – 178 levels.
Keep note, 178 level is a support. If it breaks and close below to this support, then we may see 175 – 173 level in upcoming days.
Remember, if natural gas will remain above 186 level then it can jump upside up to 189 – 192 levels.
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If you’re a small trader, then look to Crude Palm Oil. CPO is the unstoppable commodity. We will see 536 – 538 levels soon.
Coriander running around the bottom. If it breaks 4490 level then we may see 4400 – 4350 levels soon.
Maize is dropping over 2 months. As per weather reports, we can expect 1225 – 1200 levels before next weekend.
If Gold will run as per yesterday newsletter (click here) then silver will show us 42000-43000 levels!
It’s time to buy mentha oil for 1220 – 1240 levels. If it opens positive then we may see high buying pressure.
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