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Commodity Technical Report for MCX Gold, Natural gas & Mentha oil

  • Why did Gold Fall
  • Natural gas will remain up
  • Mentha oil could go downside
commodity market intraday trading tips

Natural gas started moving higher since late February, many risks in the futures market and fundamentally this is not a good time. Natural gas linked inventories are high, but this year it could go either way. This is all about long-term, and I’ll write the full report of natural gas on next week.

But if we talk about intraday / short-term then I’d recommend to keep selling below 203 and keep buying above to the same level.

commodity market intraday trading tips

As per technical basis, it’s time for bearish reversal and we can see March new high today or next week beginning. Today it can upward up to 210 – 212 level.

GOLD: Here’s what the market could do today!

gif-pot-gold

Mentha oil tried well to keep upside this week but yesterday it closed @ 985.8 in 6.7 rupees loss because of high selling pressure. Today weak opening may drag it more downside up to 980 level!

I think this is sufficient information for smart intraday traders!

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mcx mentha oil tips

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11 Comments

      1. Dear sir,
        Mentha touched your target but I booked profit at 981 bcoz forget to set the target in the software. Ha ha. First, thank you for free advice. I want to ask one question sir

          1. If mentha will remain negative on next week then can i sell again ? If you say yes then—

  1. Sir I sold crude below 3100 now it has moved up? So will it hit ur target?
    Pls suggest

    1. Respected Mr.Pratik Bhavsar,
      I would like to know when you sold Crude oil? And which targets you’re following?
      In my previous weekly newsletter (click here to read), I had clearly said that “IF CRUDE OIL WILL BREAK 3100 LEVEL AND CLOSE BELOW IT THEN DOWNTREND WILL CONTINUE.”
      Please read carefully before taking any action. You’re misguided sir.

      Thank you!

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