Soybean – Moon Rising
NCDEX Soybean futures price is moving higher. As per the current situation and fundamental view, its demand is increasing. It could jump for 4000 – 4160 levels.
Technically, 4200 is a hurdle.
Red zone: 3700 – 4200
Price Range: 5152
Breakout Range: 15600 – 10448
A short reversal started from the 13110 levels.
Short-term Trend Analysis:
MCX Cotton is a sellable script until it remains below 17000 for the target of 15800 – 15000.
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UPDATE: Crude oil’s Time Is Coming
5 days ago, we wrote a special report on Crude oil. You must read it now: click here
Wherein in clear words, I had written “Crude oil’s last trading session candle is indicating a solid downtrend start soon after a reversal.
Targets: 3170 – 3130 – 3060 – 3000“.
A few minutes back, crude oil has made 3153 low. Crude oil calls the first target has come.
Today, our premium subscribers also sold the crude oil. Look out the call’s screenshots →
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UPDATE: Is Cotton Aim 20500 Level?
To read today’s Cotton Intraday Tips: Click here
In clear words, I had written, “…cotton price is under heavy downfall. Bearish trend continuation can drop the cotton prices up to 20680 – 20500 levels”.
Today cotton has made 20300 low level. Our cotton’s call touched all targets. Approx. Profit Rs.7500 /lot
Is Silver Under Pressure?
Silver’s downtrend can continue this week. If silver shows closing price (or breakout) below 37180 level, it can touch 37060 – 36960 – 36800.
Traders should avoid selling silver after breakout or closing above 37660 because this level can move up the silver’s price above 38000 to 38500.
Zinc: Turning down?
The RSI & MACD shows downside momentum. Below the hurdle level, lead’s price can collapse up to 175.6 – 172.6.
Above 182.5 looks for further upside with 185 – 187 – 190 as targets.
Is Cotton Aim 20500 Level?
In the last trading session, cotton is closed at 20770 (-250 rupees). Cotton price is under heavy downfall. Bearish trend continuation can drop the cotton prices up to 20680 – 20500 levels.
Understanding Crude Oil Behavior
After a reversal, we may see a strong uptrend. Crude oil traders must look 5550 level.
Targets: 5626 – 5660+
Lead, Nickel, & Zinc Setting Up For A Massive Price Rally Upcoming
Keep watching nickel & lead price. Nickel’s level of 962 is very crucial and 143.6 for the lead. Today we can see unlimited rallies in these commodities.
Zinc is preparing itself for 206 – 210 – 214 levels. Why? When? Accurate entry level?
Further information about Lead, Nickel & Zinc will update on our mobile app.
Here’s What Cardamom is Waiting for
Yesterday, cardamom lost 2.1 rupees and closed at 1372 level. We may see the following target levels soon: 1350 – 1336