As mentioned in this column, sell on
rise with tight stop-loss 29300 but above do not hold short and square
up and play for long side as you wish, which may test 30000 in near term
and it was did it.
Now today: Near to strong resistance and psychological level 30000. Downside consider support 29500 and resistance 30000.
Silver July :- Continue
in trading range but not bulls favour… with resistance 55000 and
support near to 54000. Higher-level to selling opportunity only.
Copper June :- We are
bearish in this commodity below 435 and more bearish below 417 and
yesterday successfully broke with decent volume and almost tested our
lower level target 404. Trend is down and major support broken; so do
not think to buy. Ultimate target…?
Crude Oil June :- Everybody
were bullish in this commodity but we are in selling mode, and in this
column it was clearly mentioned that resistance 5200 and big sell of
below 5000 mark and almost 500 points gained. Yesterday made a low 4660.
Do not try to bottom finishing and rise to selling opportunity.
Nickel June :- As
mentioned in this column that 950 is a major and major resistance and
finally it was unable to cross and started downward journey. Yesterday
it tested a previous support if technical analysis students remember…
which is also a last leg of support … thereafter likely be prepare for
blood bath.
Natural Gas June :-
After a sharp move from 99 to 153 range,
looks up-move over and be prepared for correction. Think to buy only
above 157 for sharp move, otherwise advantages of small trading range in
both the side for Professional Traders only.
