Gold is the best for intraday trading if you know where to buy / sell. I would like to say, if gold will breaks and close below last trading session low (31205 level) then it can drop up to 31000-30870-30700 levels.
And if it will move up and close above to 31380 levels then it can run up to 31500-32000 levels. Choice is yours!
In COMEX commodities last week Top gainers was Silver. If silver will crossover / break $19.60 level then traders should be sell it for $19 below levels.
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NYMEX Natural gas performance 2.41% on last week but buyers are waiting for the support and that is $2.887 level. MCX Natural gas will remain down until it show 192.5 levels. We may see high buying pressure after touching 195.5 levels. But I would recommend to keep selling up to 188.
Keep in mind, it overall trend is up so be careful before take any position.
Last week lead had lost 1.85 rupees. Lead at the turning point and we will see U-turn soon.
Turning point level: 126.2
Sellers may keep selling until it touch the turning point level but once it touch that level or move around and jump up then you will see 130-132+ levels within 2-3 trading sessions.
But if lead will show closing below to 126.2 for 1-2 consecutive days then sellers can expect 124-121.8-120 levels.
Mentha oil is drilling downward over 1 weeks and it had lost almost 17.7 rupees on last week performance. If it will close below to 872.5 levels then mentha oil will go in downtrend for short term.
Targets: 856.5-847.5-833.5-820 below!
CPO is the best MCX Commodity for the small traders / investors. Keep your eyes on 572 level, if CPO will touch or remains above this level then it could fly on sky and made new high for 2016 year!
Sellers are digging downside cotton price. If it will open negative then traders should sell at opening bell or if cotton open upside then you may sell it on best top as per your knowledge. It will hit 20000-19700 levels before this week ending.