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Targets: 169.3-165.3-162
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Intraday traders may buy Mentha oil at opening bell with stop loss yesterday low.
Targets: 920-925
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CPO is for small traders. They can buy for 548 levels. It’s flying bird!
Today, Gold will keep continue moving upward. It may show 32,000 very soon! Gold can stop moving up if it will break, 31660 levels.
Silver intraday traders must keep eyes on 47940 level because it’s a hurdle and if it will break or hold below the hurdle for 1-2 hours then you will see 47600-47550 levels.
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Do you remember 11 July 2016 report of crude oil? No? Click here!
I had clearly said, “You can sell crude oil while it will close or go below to 3055 level. Check above chart, crude oil can show fall up to 2900-2700 levels. These are seller’s area!”
Finally, crude oil touched all targets. It’s time for party!
What you thinking now? Crude oil will break 2600 and 2500 levels or take U-turn from here?
Natural gas is best for intraday trading today.
Crucial level: 182.5
Buying pressure will start near to crucial level and if it will break or go below to this level more than two hours then you will see 179.5-177 below levels.
Natural gas is strong above the 182.5 levels, so I would recommend buying it for 187-191-193+ levels, but don’t forget the crucial level.
MCX Nickel are throwing strongly buy signals. Targets: 724-728+
Do not forget to keep eyes on 710 level. It’s very important! If it goes below to this level then nickel may go down up to 705 – 698 below.
MCX Aluminium tried well to recover previous week loss. Overall this week it gained only .65 rupees (last month contract). As per above chart, you can see it overall trend is upside, but last trading candle shows weakening, so it will continue to drill downwards.
If you would like to buy Aluminium Aug contract then wait for 110.2 levels above closing because once it will crossover for only 1-2 hours then it can fly up to 111.2-112.2-113 levels.
But 110.2 is the hurdle, so the seller can keep continuing selling below the hurdle for 108.2-107.3 below levels.
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Look at MCX Copper intraday chart, 3 trading sessions back copper had closed below to the trendline. It was fake out or down signal generated? Copper at the turning point now. If you see copper above the 331 levels for 2-3 hours, then this week copper will go upside and hit 335-339 above levels. It will break July high in August month!
But keep your eyes on 325.5 levels. It’s very crucial level and if the copper will test this level then we will see a big downtrend. It may drop up to 319-309 below levels.
If zinc will go to 149.6 levels and hold for 1-2 hours, then traders may sell without any worry for 147.8-146.6 levels.
Don’t forget it’s strongly bullish to 150 levels, and it can hit 152-154 levels in just a few hours. Before sell, I would recommend keeping patience for minimum hours while it breaks the 149.6 levels.
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CPO is the best for intraday trading. It’s raising up over 3 weeks and continues looking upside. Crude palm oil will touch 966-978-986 levels on next week.
Don’t read about this crude oil report if you recently joined Moneymunch commodity newsletter. Who’s following Moneymunch from long time, they know what I was saying about crude oil. If you forget it then click here and read it now.
I had clearly written, “You can sell crude oil while it will close or go below to 3055 level …crude oil can show fall upto 2900-2700 levels. This are seller’s area!”
As we said, crude oil well played and hit our 1st target 2900 level and made low 2831 in yesterday trading session.
What are you expecting now? Will crude oil go more down or run up from here?
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Unlock This ArticleCopper almost lost 6.2 rupees on last trading session. Today, MCX Copper will try to recover yesterday loss, and it may hit the 328 levels after the opening bell.
If you would like to sell it, then wait for the 324.8 levels. Once it will stay below the level minimum 1 hour, then in upcoming days it will show you 321.5-319.5 levels.
If I want to buy anything for sure profit, then I would like to go with Crude Palm Oil (CPO).
Targets: 524.4-526.4
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Note: today I highly recommend to watch metal commodities. Aluminium, Copper, Lead, Nickel & Zinc are at turning points. For receive Metal commodities reports – Subscribe to our free newsletter services.
Day traders must wait for 1319 levels. Aggressive traders go and sell gold now because it’s going to touch 1314.1-1311.1 below levels.
Keep your stop loss 1322.1 levels. If Gold closes above the level, then you may see unstoppable up moves.
Trade in silver with perfect levels or do not trade. DON’T SELL THE SILVER UNTIL BREAK YESTERDAY LOW (19.456). Because if it will break out the yesterday low, then we may see 19.245 level in just a few hours.
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Look at the above chart of MCX Lead,
It’s showing buy signals for intraday traders. I would recommend staying with trend and buy it for 125.4-127 levels. This calls will be active until it breaks the trend line.
Lead is overall weak, so I suggest to sellers, wait for the 122.7 breakout. Once it will close below to this level consecutively 1-2 times in hours bar, then lead intraday trend will be changed. We will see aggressive selling pressure and lead will lift down 121.4 to 119 below in just few hours.
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