On last crude oil forecast (click here) we had earned Rs.29,000 /lot. Today is very crucial day for crude oil also because if it once close above to 3300 level then we will see 3370-3520-3660 levels. But if it stays below to 3300 levels then small downtrend will start and you definitely see 3130-3000 below level before this weekend!
First, you must read my last report of MCX Lead before read this continues… click here and read it now!
I had boldly mentioned in chart, “DOWNTREND WILL BEING IF IT BREAKOUT THE SUPPORT TRENDLINE”
And lead has broken support trendline on 19 May.
Sellers should keep eyes on 111.4 levels. This level will make lead directionless. It’s a hurdle of MCX Lead. From this level, buyers will try to push it up, but if lead crossover and close below this level, then you will see 110-107.5 levels in upcoming days.
I don’t have to say anything about MCX Nickel. It can go up from here, but my unbreakable targets are 559-554 levels.
Cardamom looking for top, and I think it’s here: 865-874