Enhance your MCX silver trading skills with Moneymunch’s free silver trading tips and market analysis. Stay updated on the latest commodity market trends and make profitable trades.
Yesterday silver has been broken very important support level (41450). Today it will try to reach at 41450 or it may jump to close above that level. But whatever, intraday traders may keep selling silver.
Targets: 40260-39440-38500
Caution: Don’t sell silver above 41450 level.
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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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In last week gold gained +273 rupees. If MCX gold will close above to 30070 level then we can see upside rally up to 30300-30530 level.
Don’t forget: gold can show up a rally in only 1 condition “it will need to close at / above 30070 level“.
If that not happen then gold downtrend will begin soon and it can drop up to 29790-29650-29550 levels.
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Silver is trying to recover 20 October loss but its failing. This week for intraday hurdle is 42040 level and if it will close above it then we can see 42106-42174 levels only. You must be thinking, why targets range is not big but look at its movement!
I don’t recommend to trade in Silver. Yes, the seller can get benefits because it’s become aggressive while got a chance to go down, so I would recommend keeping selling silver until it remains below the hurdle.
Target: 41822
If silver close or go below to 41800 level then my friends, Big Booooooom! And our subscribers are waiting for that moment.
It’s time to earn money from crude oil. Buying pressure will generate on 3426 level and buyers may push up crude oil above 3500 levels within an hour.
Crude oil is going to open downside. It can play between 3426-3376 levels range. If crude oil will remain below the 3376 level for more than 15 min then high selling pressure will generate, and it can be oversold.
If you are smart enough, then you can sell crude oil as per above-mentioned instructions.
Targets will be 3310-3266 levels.
Last week updated Technical report in what I had said about Natural gas? If you don’t remember that, then you may click here and read it again.
I have boldly said, “If MCX NG will try to break 215 levels or close below it then the natural gas could slip up to 210-203 levels.“
And Natural gas exactly did that and closed at 201.5 level. Both targets have been achieved.
Mentha oil is trying to go up but waiting for the buyers and that buyer may come after hitting 794 level before next weekend. I would like to suggest you to keep selling mentha oil until it hit the 794 level. Once it touches that level after you may follow last week instruction for higher profit.
In last week I have published 2 newsletters (Sep 26, 2016)
Click below links:
Above mentioned all commodities touched targets!
I had boldly written, “I would like to say, if gold will breaks and close below last trading session low (31205 level) then it can drop up to 31000-30870-30700 levels.”
The day before yesterday Gold made low 30670 and touched all targets!
I have clearly said, “If silver will crossover / break $19.60 level then traders should be sell it for $19 below levels.“
At the same day (26 Sep) silver made closed below $19.60 levels and look at now Silver is running around 18.8 level.
Even, I had said same things in the password protected zone for MCX Silver to premium subscribers, “MCX Silver will remain down on next week. It may slip up to 46190-45560. More information I will update due to market hours.“
Silver all targets has been achieved!
I had clearly said, “…once it touch that level or move around then you will see 130-132+ levels within 2-3 trading sessions.“
As expected, it touched all targets even yesterday it had made new high 142.7!
I had just written direct targets “856.5-847.5-833.5-820 below!” without more explanation in the newsletter.
It completed the second target 847.5 levels. What are you expecting now?
Will it touch the next targets or turn back from here!? For to know it, subscribe to our free newsletter services. Our service is free for all.
Here’s what I had said about cotton, “Sellers are digging downside cotton price. If it will open negative then traders should sell at opening bell or if cotton open upside then you may sell it on best top as per your knowledge. It will hit 20000-19700 levels before this week ending.”
Did you know that in the next 3 trading session it touched both targets!
What did I said about NCDEX Guarseed? I had said, “NCDEX Guar seed in short-term downtrend. Stop loss for free users, last trading session high!
Targets: 3600-3520“
Guarseed all targets has been achieved successfully!
Note: CPO failed to touch the target. Crude oil, Natural gas & Jeera on the way. I will update on next newsletter!
Now let’s calculate approximately profit in 1 lot size.
| Trading Alerts | Booked Profit | Profit |
|---|---|---|
| Sell Gold @ 31200 | Booked profit @ 30700 | Profit: 50,000 |
| Sell Silver @ 46750 | Booked profit @ 45560 | Profit: 37,000 |
| Buy Lead @ 127 | Booked profit @ 132 | Profit: 25,000 |
| Sell Mentha oil @ 876 | Booked profit @ 847.5 | Profit: 10,260 |
| Sell Cotton @ 20300 | Booked profit @ 19700 | Profit: 15,000 |
| Sell GuarSeed @ 3600 | Booked profit @ 3520 | Profit: 8,000 |
| CPO Failed | Approx. booked loss @ 4 points | Loss: -4,000 |
| Total Profit: 1,41,260 |
If you traded with only 1 lot then you are capable to getting profit approximately 1.4lac from our newsletter only.
Gold is the best for intraday trading if you know where to buy / sell. I would like to say, if gold will breaks and close below last trading session low (31205 level) then it can drop up to 31000-30870-30700 levels.
And if it will move up and close above to 31380 levels then it can run up to 31500-32000 levels. Choice is yours!
In COMEX commodities last week Top gainers was Silver. If silver will cross over / break $19.60 level, then traders should be sold it for $19 below levels.
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Unlock This ArticleNYMEX Natural gas performance 2.41% on last week, but buyers are waiting for the support and that is $2.887 level. MCX Natural gas will remain down until it show 192.5 levels. We may see high buying pressure after touching 195.5 levels. But I would recommend to keep selling up to 188.
Keep in mind, it overall trends is up so be careful before take any position.
Last week lead had lost 1.85 rupees. Lead at the turning point, and we will see a U-turn soon.
Turning point level: 126.2
Sellers may keep selling until it touch the turning point level but once it touches that level or move around and jump up then you will see 130-132+ levels within 2-3 trading sessions.
But if lead will show closing below to 126.2 for 1-2 consecutive days then sellers can expect 124-121.8-120 levels.
Mentha oil is drilling downward over 1 weeks, and it had lost almost 17.7 rupees on last week performance. If it closes below to 872.5 levels, then mentha oil will go in downtrend for short term.
Targets: 856.5-847.5-833.5-820 below!
CPO is the best MCX Commodity for the small traders / investors. Keep your eyes on 572 level, if CPO will touch or remains above this level then it could fly on sky and made new high for 2016 year!
Targets: 600-612
Sellers are digging downside cotton price. If it opens negative then traders should sell at opening bell or if cotton open upside then you may sell it on best top as per your knowledge. It will hit 20000-19700 levels before this week ending.
Silver is the best for intraday trading but if you know where to buy or sell.
45600 level is critical for intraday trader. Seller may keep selling below 45600 level for 45350-45200 below levels or if it will stay above to 45600 for 1-2 hours then it may hit 45800-46000 levels within few hours.
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