NCDEX Soybean futures price is moving higher. As per the current situation and fundamental view, its demand is increasing. It could jump for 4000 – 4160 levels.
Technically, 4200 is a hurdle.
Red zone: 3700 – 4200
As per the following chart, the cotton price may hit 15460 – 15200 – 15000 below soon.
Don’t forget to keep your eyes on the resistance line.
As per the chart and situation, we will see more downside jump in crude oil prices.
Downtrend targets: 800 – 760 – 700 – 600 – 560 below
Traders can stop selling if it closed above the 1600 level or watch out the resistance trendline.
In the next report, we will update on MCX Gold & Silver in-depth.
NCDEX Guar Gum Futures is close to March low. It will keep falling if that level breaks.
Targets: 4660 – 4500 – 4400
Note: position can be initiate after a breakout of March low.
Don’t miss out to read the previous agri-commodity trading alerts report: Free Jeera & Cotton Tips
Price Range: 5152
Breakout Range: 15600 – 10448
A short reversal started from the 13110 levels.
MCX Cotton is a sellable script until it remains below 17000 for the target of 15800 – 15000.
Isn’t it enough to know the next move? Subscribe now for more Agri commodities trading alerts.
Gold and silver are moving as directed in a weekly report. Hence, if you want to know what will happen next, read that reports now.
Read here: Gold & Silver Positional Tips & Reports
What’s next in crude oil? This week we are going to send free/premium intraday trading alerts on gold, silver, and crude oil. Hence, keep subscribed!
NCDEX Jeera may jump up to 14200 levels …but that doesn’t mean it will start moving upward until we see consecutive closing prices above it.
Bearish pressure will keep coming up to 13600 – 13260 levels.
Remember, don’t mess after crossover of 14200 levels.
Guar Gum’s strong support is at 6760. It has already broken in the previous trading sessions. You can start selling it after 6560 breakouts. This level will fall the prices up to 6400 – 6260.
But keep in mind, stay away after 6760 levels. Why? I will let you know in the next NCDEX Agri commodities report.
If gold breakdown a flat resistance line, it will fly in the sky. Gold will pressurize by speculators up to 41400 – 41600 – 42000 levels.
Remember, it could happen by a complete breakout of a flat resistance line only.
Hurdle or ascending support trendline breakout indicates to stop buying. It will fall the prices up to 39560 – 39260 level.
For trend identification, check this 15 minutes intraday chart of gold. Keep eyes on a lower trendline before initiating a position. Further information will update soon for the premium subscribers only.
Gold can influence the silver price upside up to the upper trendline. As per the technical analysis, currently, it’s under downtrend. As described in the above chart, It may keep falling for 45600 – 45000 levels.
Look at the many times tested level, this can drag the silver price up to 46400 – 46600+.
This week a special offer is coming with limited member vacancies. Don’t miss out next update.
MCX Gold prices blasted higher this year’s beginning, breaking out of their correction downtrend. What will happen next? Here’s how gold will perform this week:
First, I recommend to look out my 8th Dec 2019 Silver’s chart (Read Full Article).
Now, look at the current month chart:
As I had drawn, silver has performed. What else you want!?
Anyway, look into the chart, I have been drawing a new trendline. That is a trend confirmation sign. Don’t buy the silver below the 46600 levels. It could fall up to 46000 – 45360 from there.
And above 47000 levels, 47500 – 48000+ levels are waiting.
Above/below consecutive closing prices and fake out identification required. Further information is available for premium subscribers.
We cannot say this the crude oil under downtrend. It needs a consecutive breakout below the hurdle line to confirm it. And that breakout will fall the prices up to 4020 – 3900 below.
Otherwise, it will start climbing for 4280 – 4360 – 4400+ levels.
Get up to 42% OFF on Commodity Trading Alerts Plans: Click Here →
Note: valid till 15 Jan 2020.