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What I had written in the morning about MCX Copper?
I had said, “You may keep selling copper until it close above 343 level. Copper will be hit 338 level soon. If that close above to 343 levels then we may see some up moves…”
As I said, copper followed and touched the target!
Next hurdle is coming at 337 levels… More information I’ll provide to subscribers soon. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Gold was dropping since 15 Oct, and yesterday it has suddenly broken all intraday trend lines and started moving up, but today opening bell will make you for think twice.
Support: 26900
If it closes or stay below to the support then we may see again big downfall up to S: 26700 – 26600 levels and if it stays and close, close above to the support then we’ll see R: 27094 – 27172 – 27286.
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You may keep selling copper until it close above 343 level. Copper will be hit 338 level soon. If that close above to 343 levels, then we may see some up moves…
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On last newsletter I’d said,
“Gold hurdle: 27350
If the gold stays below to hurdle then it will lookup us 27110-27000 level“
CLICK HERE to check last update
On same day the gold made low 27061 and touched our first target.
But the gold is overall moving up from the last two weeks but I don’t think it can move continue without any stop. For long term / short term investors should keep silence until it cross and close above 27620 level because that level can open doors for buyers.
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Do you remember 15th Oct, 2015 newsletter? Click here to read it..
I had written, “Silver hurdle: 37750
…And if silver stays below to hurdle then it will lookup us 37300-37068”
On same day silver made low exact 37068 level and completed our both targets.
Now silver looking quite up but overall it’s still down and downtrend will be being after the silver show us closing below to 37250 level below.
And if it close below to 37250 on this week then we will see again 37068 to 36900-36720 levels.
Silver will be stay positive and hit 37600-37700+ if it stays above to 37250 level.
Gold and silver both are constantly moving up as I said to you in previous newsletter (click here to check newsletter) and for today I’ve two hurdles to judge it trends.
Gold hurdle: 27350
Silver hurdle: 37750
Both hurdles are crucial, and it’ll break on the opening bell. Remember, once it breaks & stay above the hurdles for consecutive an hour, then we’ll see 27450-27560 levels in gold and 37950-38160 levels in silver. And if bullion gold & silver stays below the hurdles, then it will look up us 27110-27000 levels in gold and 37300-37068 levels in silver.
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On last weekly analysis reports, I had provided Gold spot forecast. If you don’t remember 4th Oct, 2015 newsletter then click here and read it again please.
I was boldly saying there, “if that (gold) cross and close above $1139 level then gold spot will move continue up. Keep in mind, waiting $1150-$1160+ levels ahead of $1139 level.”
Exactly, gold run how I was said to you and the gold touched my both targets too!
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Natural gas is playing around hurdle, and it’ll fire soon.
Hurdle: 161 level
Once it breaks and stays below to 161 for 1 consecutive hour, then we’ll see 159.6-158.6 below levels. The natural gas will stay positive if it stays above the hurdle and that will show us 163-164 level again!
Silver will be stayed positive until break & close below the 36350 level and that level is too much far way, so now I think, smart traders must be understood what they should to do with the silver.
Unlock This ArticleLook at our yesterday Gold & Lead call for subscribers
Note: commodity metal sector commodities will perform abnormal moves today, so stay be careful.
More information I’ll update during market hours soon.