Trade summary for 29th May

Base metals expiry was done yesterday so we will start trading in them from Monday depending on the trend.

Crude reverse position against the trend was initiated to short between 3132-3142 for intraday targets of 3100/3070 & low made 3075 after that.

Natural Gas resistance was 192.7 so Natural Gas fresh shorts were made at 192.6 SL 195 for intraday targets till 186 and all target met intraday only. Infact the new day low 181.1 made after my call & closed almost at day's low.

As mentioned earlier that Silver is in uptrend and in Silver we were long since 22960 & yesterday also as I mentioned 23681 was resistance so bought above 23681 for 23840 & 24000. Both the targets met intraday.

Market View for 29th May

Base metals expiry game is on thats why we are seeing both side movements. So avoid trading today being the last day of expiry. Will have the clear picture on coming Monday.

Crude Oil still rocking & is heading for 3145/3176 in coming days.

As mentioned yesterday I clearly said avoid shorts in Natural Gas at these levels, see what has happened. Natural Gas has bounced rose sharply with good volumes. I would say abnormal volumes more than double were seen in this. Next halting stations are 192.7 and 197.

Gold & Silver as mentioned are still positive & trending upside now. See how Silver just dipped 100 points from its previous close and rose sharply to kiss its resistance level of 23681. A close 23681 above can get more strength in it.

Market View for 28th May

See what happened yesterday. Exactly the same as I mentioned that base metals are not very strong from a technical point of view. Just because of the expiry effect huge short covering was seen and due to which they have risen. As I said that out of all base metals Aluminium was the weakest you can see that Aluminium has given full Rs. 3 from its days high and closed almost at its days low. The same thing happened with Nickel which fell 30 Rs. from its days high.

Crude as I said has shown a decent strength yesterday. What next?????

Natural Gas although is in downtrend but some consolidation can be seen before you see the next move. Some buying is seen on these lower levels so avoid shorts on these levels.

Gold & Silver has shown some strength but Silver charts seems more positive than Gold. One can buy on dips in Silver now.

Market View for 27th May

Yesterday some momentum shift was seen in the base metals and it could possibly be the expiry effect. Some counters like Nickel rose unexpectedly high whereas some were bounced from their days low. I would again say that the real strength is still not there so we may see them falling again. Right now the condition is wait & watch.

Crude seems positive now to go long so one can initiate long positions in it.

Gold & Silver no change in sentiment & still non trending.

Natural Gas no change in the mood.

Market View for 26th May

Market view on all the commodities remains the same today as well because US was off yesterday and markets were flat without movement. Nothing got changed.

Crude Technical View

Crude is trading in a rising wedge now so a trading band is getting developed. Buy near its support & sell near its trendline resistance. Break of the lower trendline will invite bears to rule it.

Watch out !!!!

Market View for 25th May

Base metals fell badly last week & recovered some from their extreme supports. Some bounced from their long term trendline & some made double bottom hence taken support at previous support area. However there is no strength in the bounce back & trend is still down. We might see some retracement but overall trend is still down. Although all are weak but Aluminium seems weakest.

Although Gold & Silver has risen but there is no strength, no volume, no increase in Open interest. Moreover trend is not clear so I advised clients not to trade in it until things become clear. Will wait and watch.

Natural Gas as mentioned last week has entered a new downtrend. Even on weekly charts its pretty weak. Any bounce can be used to initiate shorts.

Crude is also losing its strength & a trading range is being developed. So until it regain its strength buy near support & short near resistance.

Market View for 22nd May

See how beautifully base metals crashed as expected. This is the power of trend analysis. Always trade with the trend and be on the right side of the markets. I have clearly mentioned on 19th May that base metals have entered a bear trend and we will only look for short opportunities. All my targets have met in base metals. Ever since we picked up the trend (19th May) see the gains in points in the following commodities and multiply by their lot size -

Aluminium = 4.9
Copper = 12
Lead = 8
Nickel = 37
Zinc = 7
They are still weak & more to come. Exact support & resistance levels are only for clients.

Crude still looks positive and we can go long with strict SL. Levels to be followed with discipline. Yesterday inspite of huge selling my SL was sustained & it bounced back sharply to the upside.

Gold & Silver are non trending and so far I dont see any reason to buy them so better to avoid trading in them until they close above the specific levels. So wait until trend becomes more clearer. So far Gold taking my 2nd resistance of 14546 & Silver 22535 & closed below them.

Natural Gas as mentioned yesterday fell badly and closed almost at days low. I have mentioned clearly that it has entered a new downtrend and it followed my words :) More to come...Stay tuned..............

Contact me for such powerful trend analysis & to make the most out of the commodities market !!!!

Market View for 21st May

Base metals as mentioned very clearly on 19th May are falling since then. They are still in downtrend and can be shorted on rise.

Crude seems to be positive & long positions can be build into it. Exact entry and exit levels are for clients.

Gold & Silver are still weak & should fall more. Gold upside resistance is limited to 14400/14546 & Silver resistance 22535/22716.

Natural Gas seems to have entered a new downtrend and can be shorted on rise. Remain short below a specific level and above that go long.

Market View for 19th May

As we were waiting for any trend to develop in base metals and finally after yesterday's selling now I can say that base metals have entered into a weak zone & looks like a bear trend has started. Now we would look for short opportunities.

Gold & Silver also also witnessed the same selling due to rupee getting stronger as mentioned yesterday. Although the downtrend is not confirmed but some indicators shows heavy weakness.

In Natural Gas also shorts were build and its losing momentum as of now. Although it will take some time to form a new trend.

Only Crude is the one counter in which we didnt see any selling and it has bounced back from its day low but strength will come only above 2890 levels.

Important Support & Resistances for this week

ALUMINIUM 74.4
COPPER 224.3
CRUDEOIL 2890
GOLD 14723
LEAD 72.2
NATURALGAS 211
NICKEL 627
SILVER 22699
ZINC 73.7

Market View for 18th May

As I said earlier that not all base metals are weak. Some are still strong. Although all base metals fell but the weakest fell the most & the strongest didnt fell much. Amongst all Lead & Nickel are strongest. The trend is still not clear so we will trade in them. We will buy near support & sell near resistances. Exact levels to buy or short are only for clients.

Crude oil after giving a nice dream run is suffering from some selling pressure & also the expiry forced some selling in it. Although its not weak but a trading range is getting developed. Will trade accordingly. Watch out for 2890 levels this week as an important resistance as long as Crude is trade below it.

Natural Gas also after running a lot is consolidating in a trading range now. We have already taken the best advantage of the trend. So let is consolidate till we see something interesting to pick.

Gold & Silver also has the same story. Although both brokeout last week but Silver seems a little weaker than Gold. Moreover a strengthening rupee is also a concern which might pull them down. Stay cautious in your long positions & trade with strict SL.

Market View for 15th May

Base metals started melting from day before yesterday but they were non trending so advised clients not to buy any fresh positions in them. Yesterday gave them so nice support levels of base metals and all base metals bounced back sharply from those levels.

In Crude Oil first we picked up the breakout from the bottom above 2585 levels. I had written clearly on 29th April market view that until Crude closes above 2585 levels it is not strong. Day before yesterday we shorted Crude on top around 2955 levels & that was almost the top & it fell 130 Rs from there. We have Crude expiry today so stay cautious.

In Natural Gas also we traded both sides. First long from 197 till 226 and then short from 226 till 212. It fell even more.

Gold & Silver also big breakout above my levels. Now Gold seems a little more stronger than Silver. In Silver huge short positions are building up so at these levels stay cautious in longs.

For paid clients exact levels are given well in advance with proper trend guidance. Check in to know more......

What a wonderful day today!!!

Natural Gas hit my final target of 226 & there I have asked to initiate shorts at 226.5 SL 229.5 TGT 222/218/212 => 2 targets met & then trailing SL hit. Booked full profits in longs already.

Gold & Silver as expected broke out badly...Made huge money in them...Were long in Gold above 14600 & in silver above 22855 for targets of 14800 in gold and 23680 in silver...watch out...

Crude intraday shorts initiated at the top below 2955 SL 2977 TGT 2930/2900/2875 => 1st target met & then trailing SL at cost hit

Base metals are melting today so asked clients to avoid any fresh long positions...waiting for the trend to be clear...

More to come...stay tuned for such wonderful calls...

Cheers

MCXPERT

Market View for 13th May

Wow...What an excellent day..Gold & Silver much awaited Breakout happened yesterday. I was shouting since long that a breakout is on the cards & it happened yesterday. Now get ready for some decent gains in coming days...

Natural Gas has made a new high yesterday and my positional buy 3rd target of 218 is also achieved & 4th target is just 5 Rs. away..After that whether to initiate shorts or stay long? Ask me...

Base metals are also awaiting for a nice breakout. A clear picture would be unfolded soon.Out of 5 which one to go long and which one to short...check it out!!!

Crude is still touching new highs and yesterday my final target of 2913 also came. What next????

Stay tuned for more updates....................

Market View for 12th May

No change in anything except Copper looks a little weaker. Please follow the same rules mentioned yesterday.....Hope you are enjoying !!!!

Market View for 11th May

Although the bias is positive I would say the real trend is not there in some of the metals. Out of all Nickel seems to be the best to go long followed by Zinc & Lead. Keep strict SL for all the trades.

Crude Oil as expected has risen a lot in last one week ever since it broke out above 2585. Clients have enjoyed the early entry & booked the profits on time. It is still strong but where to get the next entry????? Ask for it..

There is not significant change in Gold & Silver. Bias is still positive. Buy on dips.

My lovely baby Natural Gas has given huge profits ever since we have picked the bottom. As mentioned very clearly that the real strength will come only above 197 so we are long since 197 levels & booked 2 targets already. It is still strong & buy on dips item. In my opinion heading for 218/226 in coming time...keep an eye..

Important Support & Resistances for week starting 11th May

I hope you all have enjoyed last week's levels. Here are the important support & resistance levels for this week.
ALUMINIUM 75.4
COPPER 234.0
CRUDEOIL 2789
GOLD 14479
LEAD 71.8
NATURALGAS 198.2
NICKEL 629.4
SILVER 22027
ZINC 76.4

Technical View on Silver

Silver has already given a big breakout on the breach of upper trendline. As I said earlier that 21800 (if you see) would be a nice level to enter fresh longs. Keep an eye...more fireworks in coming days...

Technical View on Gold

Gold has been consolidating in a triangle for quite sometime now & is ready to blast most probably on the upside. Bulls are taking control slowly & a close above 14495 will take it to higher levels convincingly. Yesterday it breached intraday but heavy selling was seen after that but as it was strong it bounced back sharply from its weekly support of 14430.

Market View for 8th May

All base metals looks positive. Zinc & Nickel made new highs..But a solid trend is yet to develop..Nickel looks more promising amongst all..

As I said Crude was positive & ready for a blast above 2585 levels & ever since it didnt see back & daily touching new highs. Yesterday made a new high of 2880. My target was 2849 & 2913 which is missed by Rs. 33. Although it is still positive but profit booking cant be ruled out so finding re-entry is a challenging question......

Gold & Silver are still positive and both made new highs yesterdays. Although huge volatility was witnessed in them but both bounced back sharply from their support levels. Gold again has taken a decent support at my weekly level of 14430. More to come in coming days.....

Natural Gas...No doubt this counter is performing excellent from last few days & yesterday also it has broken its important support of 197 and managed to close above it. I feel the bulls are in charge now & should take this counter to upside...Watch out !!!

Market View for 7th May

As mentioned on 5th May base metals bounced back swiftly from their recent low & are all set to make new highs. Buy on dips.

Crude also moving as per the expectations..yesterday my positional buy target of 2800 almost achieved. high made 2795. Now 2849/2913 are on the cards...

Natural Gas is also doing wonders..Remember we have picked Natural Gas from the bottom...So far going good but real buy strength will come only above 197 so keep a close eye.

As I said earlier Gold & Silver trend is being developed & my gut feeling is that it will breakout on the upside. Gold should give minimum 200-400 Rs & Silver 1000-1500. What are the levels...Check it out !!!!

A little background/results on my weekly levels given on 4th May -

ALUMINIUM 72.9 => So far made a low of 73.9 & still moving up
COPPER 227.45 => Has taken decent support at this so far and breached this intraday but didnt close below it & bounced back
sharply from there
CRUDEOIL 2587 => Didnt even dare to touch that becoz of the strong uptrend
GOLD 14430 => Gave nice moves above & below it..You all have witnessed yourself
LEAD 68.55 => Has taken nice support on it & low made 69.25 & ever since its up
NATURALGAS 174.4 => Kissed 174.6 1st day & rest is history. Yesterday high is 192.3NICKEL 574.1 => Again taken decent support at this level & yesterday made a low of 578.3 & shot back up
SILVER 20953 => Ever since it has broken this level it never seen it back.
ZINC 72.3 => This also hasnt broken & from 73.15 its rising & rising

Calls for 5th May

Buy Zinc on fall above 72.50 SL 71.80 TGT 73/73.5/74/74.5 CMP 73.9 => Didnt trigger but all target met

Crude positional buy 2nd target of 2700 also met.....

Market View for 6th May

Nothing got changed except some heavy selling seen in the base metals & huge volatility witnessed in precious metals. All these are moving in trading range and a nice trend is yet to form....Will see some good breakouts in coming days...

Calls for 4th May

Buy Natural Gas above 174.4 SL 171 TGT 177.3/181.8/184.2 => All target met intraday
Buy Crude intraday above 2625 SL 2590 TGT 2670/2700/2730 => 2nd target of 2700 missed. High made 2693. Still trailing at cost.
Short Silver below 20950 SL 21050 TGT 20875/800/700 => 1st target met & then trailing SL at cost hit.

Market View for 5th May

Base metals momentum has turned positive and looks like they are all set to make new highs now. Zinc seems more attractive amongst all.

Crude as expected showed great momentum & still looks good for longs. Yesterday missed my 2nd target of 2700 by 7 rs and made a high of 2693. More to come...

Natural Gas blasted once again..If you remember we are long since 170+ levels. I have placed my support of Natural Gas as 174.4 & it bouced sharply from the same levels & given 10+ rs intraday.

We have seen a sudden spurt in Gold & Silver yesterday. Some good buying was seen in both the counters. A new trend is developing in them so till then wait n watch....Silver seems more attractive for longs as per current charts.

Important Support & Resistances for the week starting 4th May

ALUMINIUM 72.9
COPPER 227.45
CRUDEOIL 2587
GOLD 14430
LEAD 68.55
NATURALGAS 174.4
NICKEL 574.1
SILVER 20953
ZINC 72.3

Market View for 4th May

Base metals are bounced back sharply from their previous breakout ranges. We will see some trading range being developed before we can see the next round of trend. Till then trade as per day levels....

Crude as expected showed great bullishness above 2585 levels & is still in the positive zone..More to come...keep an eye...

Natural Gas also as expected bounced back sharply from the levels given & already given 10+ rs gains from our buy levels...What next?

Gold & Silver fell sharply below the levels given last week. There is still no sign of buying in them so we will look for short oportunities in them...

Calls for 1st May

Got 100 Rs. in Crude long and 8 Rs. in Natural Gas long intraday trades....
As per my message for 29th April we bought -

Buy Crude above 2585 SL 2540 TGT 2620/2660/2695 => 2 target met intraday & 3rd missed by 8 Rs......Now we are trailing with 2600 as SL

Buy Natural Gas above 171.20 SL 168 TGT 174/176.4/179.1 => All target met.....