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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.
What had I said about Silver? If you forget it then click here and remind now…
I had said, “If it (silver) will crossover and close below the 41160 level, then you can sell for 40952 – 40760 levels.”
The day before yesterday silver was closed at 41129. Yesterday it started moving down and touched all targets!
I hope, everybody enjoyed FREE tips.
What had I written about Crude oil? Again, click here and read it now
I had said, “Crude oil will hit 3170 – 3140 levels soon”.
Yesterday crude oil made low 3156. The first target has been achieved and crude oil at 3183 level.
Do you think, it will hit the second target too?
If we see Major commodities by Top Losers then crude oil took the 1st place. It lost -212 rupees (-6.20%). Natural gas also dropped on warm weather predictions. In my previous weekly newsletter (click here to read), I had said, “if it (crude oil) will remain down and close below to 3400 level then sell for 3300-3200 for next week!”
And as I said, “crude oil made low 3195 and closed at 3208 in loss -93 rupees (-2.82%)”.
I hope, everybody booked profit at 3200 level (Earned Rs.20,000/lot) in last trading session!
Where crude oil go now? Keep reading… The answer is below!
Futures-based ETPs: Precious Metals -1.04%, Industrial Metals -0.32%, Energy -6.64% and Agriculture -2.08%.
In last week all major commodities were down and Gold & Aluminium tried best to remain upside. Look at bottom of this article for weekly MCX Top gainers and Top losers.
Is Silver Best for Sell Today?
Someone asked during the phone call, where gold will go? while I was saying everybody SELL Crude oil. Opportunity is most important. If anyone thinks, GOLD is my favorite and I want to trade daily in Gold then I don’t think it works all the time! You must jump on the right commodity at right time!
Silver is better than gold in this week.
If it will crossover and close below to 41160 level then you can sell for 40952 – 40760 levels.
What will happen if it will remain above last trading session high? To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
The lead had lost -5.6 rupees in last week and closed 139.10 level. You must check my previous week newsletter to study Lead chart by click here.
MCX lead had broken uptrend line and it can go more down from here if we see closing below 139 level.
On this week, the lead may go downside up to 134 – 132 levels if it runs as above mention.
Do you think nickel will more down this week?
I think silence is the best answer. Read my previous week newsletter by click here.
Crude oil is running very fast downside. It can take some rest and may try to run 3300 this week. I will not say perfect entry level this week.
…But Crude oil will hit 3170-3140 levels soon.