In between 3 trading sessions, it’ll start to fall for few days and behave like consolidate. As I said on my past newsletter about Gold, “Once Gold will cross and close above 30307 then you can buy it without worry with targets: 30500 – 30700 – 31000. Don’t sell MCX Gold without advice.”
I don’t believe it’ll run more upward but I’m sure it’ll hit two times 767 level if once open with green-light. Intraday traders can play with it and short term-long term traders don’t make ride with NCDEX Soy oil.
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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.
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