Gold and Silver both looking weak for the short term. Both commodities are looking for support so we could see some sideways moves in this week. Sideways movements are best for intraday trading if you know where you should jump and out.
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Write down anywhere, this week Nickel will show you 642 level.
Perfect entry level and Stoploss I will update due to market hours for premium subscribers.
Zinc uptrend will remain to continue and it could hit 159.2 level before week ending. For more information, subscribe our service now!
If tomorrow guar seed will fail to close below to 3510 levels then it may try to hit 3658 levels. 3658 is strong resistance so I would recommend to sellers for keep patience. And yes! If it will close below to 3510 then you may sell it without any worry for 3410-3355 levels.
Soyabean last closed at 3367 levels with the loss. This week it may try to recover up to 3445 levels but downtrend will be stay continue so you may sell it on day high.
Intact Targets: 3310-3256-3173 levels
- CRUDE OIL: I said, “$47.6-$47.1 levels” and it touched both targets in the same day!
- ALUMINIUM: I had boldly said, “…if aluminium go down to 110.5 levels then we will see 109.3-108.5-107.5 levels” and it had completed my first target!
- NCDEX Index and Jeera both are following as per my instructions and Jeera will come to all targets shortly.
I also recommend to check my 1st Aug, 2016 newsletter by click here: I clearly said, “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.“
Look now, copper is at 307.95 levels. What else you need from a guider?
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Moneymunch was launched 50% discount on commodity packages on 15 Aug. This offer has been closed but as per so many requests / email, I am going to continue this offer until Monday evening!
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Commodity Trading Alerts: Rs.18249 (36,499) for 1 year and Rs.27499 (42,299) for 3 years
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