Today MCX Gold will show us up opening bell but don’t stuck in trap because soon it’ll start moving down! And yes, don’t make any down (sell position) trade until gold break previous close.
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Looking up best opportunity on Nickel!
Its hurdle is 636 level. If Nickel crossover 640 level, then we will see some positive moves up to 644-650 levels. But I’m expecting some blood before up ride, so go with hurdle and sell on top for 624-620 levels.
Yesterday, Mentha oil dropped almost 1% and loosed -15.4 points. Metha oil will stay positive until it stay above 951 levels, but once it goes below it, then we will see 944 levels. 944 levels are important for Mentha oil traders. If once it shows closes below or stay 15-30 consecutive minutes below (944 level) then it will drop up to 937-929 levels.
Just keep your eyes on 951 levels because after opening it will try to recover yesterday loss and show us moves up to 961 to 970!