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.
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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