In commodity market: There is no place to take easily money.
Today, I’m watching Gold and Silver future weak. “Market is consolidate for this week.”
Into bullion sectors you’ll see downfall today. Gold will touch 28812 – 28780 – 28739 between 3 trading session. Silver want to touch 53271 and it’ll kiss this level soon.
“It’s looking weak.”
Is this bottom of Mentha Oil? We could see a repeat of that situation but it won’t happen overnight. You typically have to be very patient on trades like this and wait for the bottom to develop. ‘Mentha oil will move downside.’ Our targets are same 1212 – 1174 – 1146.
Note: On last newsletter, I had written about Soy oil and it’s already touched 2nd target and stoploss also.
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