Gold Price Short Reversal in Progress
As per the chart, MCX Gold will keep moving upward for 45500 to 46000 after a short reversal (43800 – 43500 levels).
Although COMEX Gold futures (CFD) need to breakout/close above to the last candle to continue the uptrend (for 1720 – 1740+ levels).
For a short period, we can expect 1650 – 1600 levels.
Remember, Never sell above 1691.7 level.
Natural Gas Price Reversal in Progress
Natural gas can fall up to 126.6 – 126 levels. Don’t sell above 128.8 level.
Gold and silver are moving as directed in a weekly report. Hence, if you want to know what will happen next, read that reports now.
Read here: Gold & Silver Positional Tips & Reports
What’s next in crude oil? This week we are going to send free/premium intraday trading alerts on gold, silver, and crude oil. Hence, keep subscribed!
Technical Perspective of Jeera
NCDEX Jeera may jump up to 14200 levels …but that doesn’t mean it will start moving upward until we see consecutive closing prices above it.
Bearish pressure will keep coming up to 13600 – 13260 levels.
Remember, don’t mess after crossover of 14200 levels.
Where’s the bottom of Guar Gum Futures?
Guar Gum’s strong support is at 6760. It has already broken in the previous trading sessions. You can start selling it after 6560 breakouts. This level will fall the prices up to 6400 – 6260.
But keep in mind, stay away after 6760 levels. Why? I will let you know in the next NCDEX Agri commodities report.
The Prospects of Gold’s Next Upswing
As per the chart, the uptrend trendline breakout means gold will explode. That can up fall up to 39760 – 39632 – 39500.
It happens in complete breakout only. With the uptrend line, following levels are awaiting ahead: 39960 – 40040
Overall, Crude Oil Price Begins To Move Higher?
Long-term Potential for Natural Gas Remains Strong!
Level 132 is the next confirmation level to continue the downtrend. It could be up to 128 – 120 – 112.