MCX Gold, Silver, Crude oil, Aluminium & CPO: Positive/Negative Divergences

Gold – Technical Analysis, Fundamentals Report & Predictions

Silver Boom Time?

First, check our 20 days back, an updated chart of Silver. (CLICK HERE)
Now look at the below chart:

I had told the silver direction on March 11, 2018! Silver prices moved as per our report. It has not broken the rising trendline and still moving under the symmetrical triangle.

What will happen next?
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How to Know If Crude Oil Rally Will Continue for One More Week

Resistance Level: 4272

Since 2018, Crude oil tested this resistance twice. Long-position can be initiated only after oil closing price above the resistance level for the target of 4300-4350+.

Here’s the list of events that likely to affect the oil market:

• • Monday
    – China is to release data on the Caixin manufacturing index.
    – Most markets in Europe will be closed for the Easter Holiday.
    – In the U.S., the Institute of Supply Management is to publish its manufacturing index.
  • Tuesday
    – The American Petroleum Institute, an industry group, is to publish its weekly report on U.S. oil supplies.
  • Wednesday
    – The eurozone is to publish preliminary inflation data.
    – The U.S. is to release the ADP nonfarm payrolls report and later in the day, the ISM is to publish its non-manufacturing index.
    – That will be followed by the release of the U.S. Energy Information Administration\’s weekly report on oil and gasoline stockpiles.
  • Thursday
    – The U.S. government will publish a weekly report on natural gas supplies in storage.
  • Friday
    – The U.S. is to round up the week with the nonfarm payrolls report for March.
    – Later in the day, Baker Hughes will release weekly data on the U.S. oil rig count.
    Source from Investing FML

Opposite result of events can drag down the crude oil up to 4110-4000 level.
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Weaker Than Expected Aluminium

In this week beginning, you may short this commodity between the range of 131-131.5 for the target of 130-129.2.

Unstoppable Level: 132.7
This level breakout can change the trend of MCX Aluminium. It can fly up to 133.5-135.

MCX Crude Palm Oil Hit All-Time High

Crude Palm Oil prices are raising since 2015 August month. The short-term investor can buy CPO at 656 level.

Targets: 670 – 675

Available Stop loss and Perfect entry level for Paid subscribers only.