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If we talk about today gold direction, then I should say gold will remain down because of political uncertainty. On next newsletter, I will write gold next move for short-term / long-term investors so doesn’t miss to visit Moneymunch.com on Monday.
Gold opening bell may downside and in opening hours it will try to run upside. I’d recommend keeping watch gold between 28800 – 28745 range.
Nickel looks under selling pressure. If it will remain below to 661.5 levels more than 15 min then sell nickel for 654-652 below levels.
Crude oil is throwing bearish signals for upcoming days and making a trap for short-term investors & day traders. Intraday traders may sell on top for seeing a new low of the 2017 year!
Targets: 3520 – 3480
Crude oil will affect the natural gas direction. And remember, if natural gas will close below the 218.6 level for 1-2 days consecutively, then it will definitely come down up to 210-205 levels.
Natural gas may stay positive if it will hold above 218.6 level.
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If you would like to earn without any worry, then sell cardamom between 1440 – 1450 levels for 1400-1380. Perfect entry levels and stop loss will be provided to members only.
NICKEL UPDATE: If you’re planning to make the trade in Nickel then you must refer my last newsletter (click here) before taking any decision.
ALUMINIUM UPDATE: Aluminium touched all targets. Look the previous newsletter by click here
President of the United States of America Donald John Trump strength is incredibly important. Now big responsibilities on previous WWE king hand so that will definitely create corrections, and it may certainly affect on Indian MCX Gold. Trumps’ victory pushed gold up, but short-term and long-term sides are not clear in bullion (gold & silver) sector commodities. I would prefer play on the technical basis in bullion and metal (crude oil & natural gas) sector commodities. Look at my previous newsletter by clicking here, I’ve updated technical chart of gold (5 min) and as per chart, you must stay with the trend. If gold will remain above 28450 levels then buy for 28800 – 29000+ levels OR if gold will close and crossover the 28450 level then sell for 28300 – 28100 levels.
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Would like to trade in natural gas? You must wait for closing above or below to hurdle 218.5 level. If natural gas will close go down to the hurdle for minimum 2 days then it can start to fall down for 205 – 196 levels OR if it will close above to hurdle consecutively 2 days then you can expect 235 – 254+ levels on next weekend. Opportunity is clear, but the choice is yours!
Did you know, our subscribers started selling natural gas from 19 Jan, 2017. Look at below screenshot:
Natural gas achieved both targets on 19 Jan trading session and it had also made low 222 exactly!
Metal commodities viewers must watch nickel and even benefited for small investors. If nickel will remain above 650 levels on next weekend then we may see 690 – 700+ levels OR if it will break 634 levels then nickel will come down up to 610 – 600 (or below) levels.
Did you checked or missed the last newsletter? Here’s aluminium last updated report.
I had boldly said, “…if it will cross/close above 124.5 leveler than my friends, you must buy for 126 – 128 levels.”
Aluminium has touched the first target on last trading session.
Mentha oil money maker commodity for small traders. You can sell it anywhere for 990 levels.
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MCX Nickel is also unstoppable. If it will close above or crossover 784 levels then nickel will hit 800 – 810+ levels.
Copper is unstoppable metal now! It’s moving upside without any break from October ending. Copper resistance is coming up!
Resistance: 365
What you are thinking now? Will it stop moving upside after hitting resistance or continue run upside?
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On this week, opening nickel will try to test 667.5 level. If it fails to close below to test level, then nickel could hit 674-678-682+ levels on next week.
Sellers should keep eyes on test level breakout. Once it will close below 667.5 then you will see 665-662-658 below levels!
On last Friday I had written about crude oil. If you don’t remember, then click here, and it read again. It will shortly slip downward and breaks the mentioned targets. It could run upside up to 3000 – 3020 levels, but overall down down down!
Be ready for big down fall!
Cardamom is dropping down from last 1 week. It should continue to move downward until break 1100. 1100 levels like small hurdle so if it will break the hurdle then we will see 1050 level in coming days!
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NCDEX Players must watch the sugar. On last week it had lost almost -63 rupees and closed at 3437 level. If it closes below to 3418 levels then Sugar will drop downside nonstop up to 3372-3330-3280 levels.
Sell Sell Sell!
Last closed at 6868 level and it will hit 6700 level shortly.
