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The silver nerve is, 38600 level. If it closes above it, then we may see 39360-39800 above levels. But… if silver will remain below to 38600 levels then sell. Targets: 37000 – 36000 levels.
Today we’re not going to write a single line about MCX Gold because I already said you in the previous newsletter about Gold direction. Click here and read it now!
In the previous newsletter (click here to read) I had clearly said, “Crude oil is safe for short-term/long-term investors until it remains above 2940 level. Because 2940 level is indicating, it can go upside from here. And also it may hit 3030 – 3100 level again!”
Crude oil also touched both levels!
This week… what will happen?
Crude oil head is, 3170 level. If it closes above it then crude oil go more upside and if it will remain below the head then we will see 2960 – 2870 levels soon.
I would recommend keeping note my levels because it tells stories!
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A Big history is available at this level. I will not reveal why but I can confidentially say, “if crude oil close below 2870 then nobody stops to touching these levels: 2800 – 2740 – 2655”
Crude oil is safe for short-term/long-term investors until it remains above 2940 level. Because 2940 level is indicating, it can go upside from here. And also it may hit 3030 – 3100 level again!
Now, this is the sufficient information for a smart trader. I don’t think, I will need to write about crude oil for next 1-2 weeks!
As per technical base, COMEX Gold futures is weak. It hurdle is $1222.80 level. If it closes below this hurdle, then we may see $1214 – $1200 level before this weekend.
But if you are MCX trader then must wait for 27900 level breakout. This level will confirm the gold trend. If gold will close below the level, then BOOM!
Targets: 27500 – 27250 – 27060 – 27000
IF GOLD CLOSE ABOVE, 28500 THEN DOWNTREND WILL OVER!
MCX SILVER: I have already written about silver on last week. Click here to read the predicted future of silver!
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What had I written about MCX Silver and NCDEX RMSEED & Coriander in the previous newsletter? First, click here and read it now.
What I said
SILVER: I have to say, write, 38300 level somewhere. If Silver close below this level then you will see 38000 – 37500 – 37000 below levels in the upcoming day.
CORIANDER: No Mixed Opinion & No Confusion: Direct Commodity Trading Decision for Coriander
Targets: 6260-6170
RMSEED: If Rape Mustard Seed (RMSEED) will close and cross 3722 level then sell without any worry!
Targets: 3670
Did you know, Silver touched the 1st target and just missed 5 rupees yesterday to hit the second target. Coriander touched all targets and Rape Mustard seed is on the way!
Now the big question,
“Silver will touch 37500 and 37000 targets?”
I was saying sell silver from last two weeks. Check out my previous newsletter: click here
…But today, I don’t think we should sell!
I have to say, write, 38300 level somewhere. If Silver closes below this level then you will see 38000 – 37500 – 37000 below levels in the upcoming day.