After 2002 year, first time I look MCX Gold chart in downtrend. U.S Gold Friday close at $1250.4, up $5.8 for the week and silver added 13.2 cents. U.S. Dollar – Indian Rupee move will 110% effect on Gold movement plus U.S. Index break support 80.3 and close below this level continuously 2 days then we’ll see big blood bath in Gold movement.
Look above MCX Silver chart carefully. You will get easily if silver break support or resistance then something happen otherwise you need to trade between ST and RT simple!
This is what happening in Silver but what will happen in this week, do you guess it? I will say it to my paid members due to market hours.
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Look above MCX Copper chart, it’s running between my support & resistance from couple of weeks and if break support then it will kiss 435-430-428 without any trouble. This week copper 80% chances to break support. Thus, keep your eyes on support only!
Remember, if copper will not break support then definitely we will look at 450 above closing and after direct resistance!
Day before yesterday at 9:47AM what I said about Guar Seed? Click here to read it I had written, “Today, intraday traders can sell guarseed Targets: 4747-4677-4595 below” It kissed our first target at same day and continuously moving downwardly. What you expect? It will kiss my all targets or not?
Note: I was updated NCDEX Castor seed & Cotton on 29 Nov but both are open opposite to my words as said. I hope, you following advice and if not then read carefully next time. (Because I was said if open positive then buy castor seed and if open downward then sell cotton!)
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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.