Why Crude oil Not Closed At OR Below 2870 Level?
A Big history is available at this level. I will not reveal why but I can confidentially say, “if crude oil close below 2870 then nobody stops to touching these levels: 2800 – 2740 – 2655”
Crude oil is safe for short-term/long-term investors until it remains above 2940 level. Because 2940 level is indicating, it can go upside from here. And also it may hit 3030 – 3100 level again!
Now, this is the sufficient information for a smart trader. I don’t think, I will need to write about crude oil for next 1-2 weeks!
Gold and Silver – What’s Next?
As per technical base, COMEX Gold futures is weak. It hurdle is $1222.80 level. If it will close below this hurdle then we may see $1214 – $1200 level before this weekend.
But if you are MCX trader then must wait for 27900 level breakout. This level will confirm the gold trend. If gold will close below to this level then BOOM!
Targets: 27500 – 27250 – 27060 – 27000
IF GOLD CLOSE ABOVE 28500 THEN DOWNTREND WILL OVER!
MCX SILVER: I have already written about silver on last week. Click here to read predicted future of silver!