This week commodity market was a go up and down performs because it totally followed China. Let me explain, the week started with sensitivity that China’s growth was slowing plus that would be awful for commodities and by mid-week, the commodity markets rocketed superior on stories that China would perform to inspire their economic system. Friday with weak economic reports starting China and pressure on the markets resumed.
In mid-week, I said to everyone buy MCX Gold & Gold Guinea and we booked profit also. The markets are focusing on China, because our own economy is looking weak for short-term. This weak market will follow last week. I want to say all traders, “Don’t trade blindly in Bullion sector”.
Lets straight to the point, you can see minimum 7 times silver touched 55826 level and closed around it later unbelievable rally started and it’ll take 1 or 2 month to touch 58000 – 58900. That time you’ll confuse, “now what I should to do Buy or Sell?”
Crucial Level: 55826 level
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Crude Oil running sideways? No, MCX Crude oil is very strong. 85% Look Hot and 15% weak. Rightnow, best opportunity is available for Long-Term Traders. Just keep on mind below sentence:
“Buy Crude oil for very Long Term. Targets: 5500 – 5630 – 5710 Set Stoploss: 5175 OR Sell Crude oil for very Long Term at 5175 Targets: 4940 – 4804”
Copper will start rally soon. I just want to give you alert.
Do you remember 13th April 2012 at 9:30AM newsletter?
I told you, “Sell Turmeric Short term targets: 3435 – 3363 – 3334 – 3291 and Long Term Target: 3130”
If you don’t know then Click here to see it
Our First Target almost done!
Today it’ll touch our second and third short term target.
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