Market view for 31st July

Yesterday base metals have shown a decent recovery. The volatile move was expected but it was for both the sides however we have seen it only for upside. It tells that they are still in a decent uptrend and weakness is not visible soon. Every dip should be used to buy until some long term supports are broken. Let the expiry day go by and we will start fresh positions from tomorrow.

Crude was also weak however it has bounced back unexpectedly and has ditched up all the bears. Only short term intraday positions can be taken based on intraday signals.

Gold & Silver have shown some sort of recovery after huge profit booking day before yesterday. I would still like to short them at resistances.

Natural Gas also bounced back unexpectedly inspite of being in a decent downtrend. It was weak till inventory and a sudden spurt was seen after inventory and it was consistent till the end. The long term momemtum is still down but short term its up. So better to avoid it till both matches.

Market View for 30th July

We have seen more some correction yesterday in base metals. Book partial profits as well. We can see some more downside from here. Being the expiry tomorrow we can see some volatility today and tomorrow.

Crude Oil as expected fell badly and even it broke the important support of 3115. We have booked profits in Crude as well. It is still weak and we can see more downfall. Exact levels only for clients.

We have booked profits in Gold & Silver as well and we have entered shorted on the very first sign. Some important levels are on the way so we need to see if they take support there or will break them this time.

Natural Gas as expected fell and met all targets intraday. This is power of picking up commodity at the start of a new trend. Its still weak for more downside. Exact levels only for clients...

What I believe in is - Trade less but trade good. There is no need to do 10-15 trades a day or trade everyday but when you trade you should make money. What matters is quality and not quantity. We are here to earn ourselves and we are not here to make our brokers rich..so join us and be on the right side of the market...Always !!!!

Market view for 29th July

As I said that its time to stay cautious in base metals because all of them were in overbought zone and a correction was due. We have seen some sign of correction/profit booking yesterday in all the counters. We can still see more downside now. Also expiry is coming near so we may see some volatile moves so trade cautiously.

Crude also can show some more short term selling. We may see it coming down to 3115 levels.

Gold & Silver also in short term sell more. Yesterday informed clients on the very first sign and intraday got decent profits in both the counters.

Natural Gas seems to have entered a new downtrend. More fall to be witnessed.

Market view for 27th July

Base metals still looks good. Copper is taking stiff resistance in 270 zone & Aluminium is doing wonders as expected. Rest 3 have also joined the rally but I would say its time to stay cautious and not to be trapped. We have already taken maximum profits from them by entering timely into them. Trade accordindly.

Crude is still looking nice to go long and can be bought on dips.

In Gold & Silver also we have booked nice profits by catching the trend in early stage. Although they still looks good and can be bought on dips.

Natural Gas will continue to be volatile and will be range bound (levels only for clients). Only above or below those levels it will start a new trend..Keep a check !!!!

Market View for 24th July

Base metals stil looks strong and Copper & Aluminium are still rocking. Aluminium has made a new high yesterday. Zinc also inching up slowly & catching the pace...Buy on dips..

Crude has achieved my target of 3257 given to the clients yesterday. Sometime back also I have written here that above 3194 it will head for 3268 however the actual target was 3257 which is met yesterday.

Gold & Silver both have met my both targets. Gold almost touched 15000 (high made 14993) and Silver 22520. Some profit book took place after that which have dragged them down. Momemtum is still for upside..

Natural Gas as mentioned could not breach my level of 199.2 and fell down badly..See the power of technical levels. It can be good for longs only above this...but what is the downside level to initiate longs and what should be the SL to reverse your positions? levels only for clients..

Market View for 23rd July

Base metals specially Copper was so strong that it didnt correct much & went up like a rocket & pulled mostly all others along with it. I have informed my client well in advance that its heading for 270.80 the moment it broke 249 on closing basis. Yesterday it could not break that level and fell few points. Above 270.80 what level it can show..ask me...Apart from Copper Aluminium was strong & is still very strong. Zinc is also showing a decent strength & can break its previous highs soon. Lead & Nickel are yet to join the party...Exact levels only for clients..

Crude is also non trending so yesterday we picked up short at 3152 levels for targets of 3130/3100 and it went down till 3112 and shot up. Now how to trade it further is another good question...The most difficult thing in trading is to handle a non trading stock or commoditiy. Crude is one of them now.

Gold & Silver as expected has shown decent rise yesterday & we booked partial profits in Gold at 14920 (actual target was 14940) & Silver at 22300 (actual target was 22430 which is completed today). Still more to come..

Natural Gas is again non trending but it has broken a nice resistance of 192 yesterday and went up with nice volume. We might see some more upside till 199.2

Market View for 22nd July

Base metals are still prone to show some sort of correction. Yesterday also all of them struggled to made new highs and were unable to do so. We should see similar behaviour today as well before they can shoot up.

Crude still looks good to buy on dips for target of 3268. What level to buy & what should be SL??? Only for clients...

Gold is still in strong uptrend & can show us some more gains..Silver to follow Gold.

Natural Gas is non trending and can show some volatile moves before a decent trend gets developed. I would suggest sell on rise and buy on dips but with strict SL. Levels only for clients..

Base metals still looks positive however some of them have entered overbot zone and might show some small correction but overall they are positive. Yesterday Copper has made its new recent high & others are trying to break those recent highs. Lets see if they can!!!

Crude is almost reached its next level of resistance on an upside. 3194 is the resistance for it. Above this it can show you 3268.

Gold & Silver as expected gave handsome returns on the long side. Both still looks good and can give more returns from here as well. As I had mentioned yesterday Gold was strong buy above 14823 for a target of 14940/15k and it has almost touched 1st target. Silver was also a good buy above 22100 & it also gave nice 300 points gain intraday...More to come...

Natural Gas as expected showed a nice volatile session. In the 1st half it was up and then fell badly till lower circuit and then gave a sharp bounced of 7-8 points..What should be the next strategy???? Go long or initiate shorts???

Market view for 20th July

Base metals are looking positive as the king of metals Copper is dragging others up. As mentioned Copper and ALuminium are looking very strong so they have risen well and other metals like Lead and Zinc followed them like a baby. The equation still seems to be the same. After a minor correction we are still going to see an upside.

Crude also seems to be good to go longs on dips. 3030-3065 range seems to be a decent support for it.

Gold & Silver are still looking positive and we can see some more rise in them. Gold above what level will zoom for 14940-15000 ask me...

Natural Gas has broken hearts of many shorters and they are trapped badly in their short positions. I have been shouting like anything to go long from 159-160 levels for a sharp bounce from there...Today is its expiry so we might see a volatile session.

See how I predicted the target of 159-160 in Natural Gas

If you check my older posts you will see that I had clearly mentioned that there was a nice support at 189 zone and below that 185.3 and 178 were clearly seen. But it was just for blog viewers. For clients the moment 189 was breached I had clearly mentioned the target of 159-160 range and expected a sharp bounce from there & same thing has happened. Attached is the chart for your review....Its called Head & Shoulders in technical analysis terms...

Market View for 17th July

Last few days were pretty hectic so I didnt get time to update the blog..here is today's view -

Base metals especially Copper and Aluminium looks good to buy. Nickel also seems to be ok but Lead & Zinc still doesnt have much strength. Trade accordingly.

Crude Oil there is no trend but the recovery was fast. Initially it took a very strong resistance at 3016 level as mentioned earlier and once its broken convincingly its trading above it ever since. 3128 seems to be the next hurdle for it.

Gold looks good for longs however silver still doesnt have enough strength and will be strong above a specific level. What is that level????

Wow what a lovely way Natural Gas has behaved. It has performed exactly the way I predicted. First predicted a clean short below 189.1 for a target of 30 points for 159 and then told clients that a sharp V shape recovery will be seen from those levels. You all can see how beautifully it has taken support at 159 so many times and bounced back from there...What next???

Market View for 13th July

No change in base metals view. Please refer view for 10th July.

Crude Oil is still weak however a technical bounce can be seen till 2993-3016 levels and it should again fall from there.

Same view is maintained in Gold & Silver. No change at all.

Natural Gas as mentioned earlier is heading for 159-160. Although the trend is still down but we might see some recovery from these levels. Keep an eye..

Market View for 10th July

Base metals appears to lose momentum for upside and are ready to fall down. However some important support levels are still intact. Nickel seems weakest...The moment those levels will be broken they will fall badly. Watch out for those levels....

Crude as I said has entered a new downtrend and is going to fall more.

Gold & Silver are still weak and going weaker day by day. Especially Gold has consolidated for quite sometime and is ready for a breakout, most probably on the downside...keep an eye..Silver to follow...

Natural Gas is still weak and is falling badly from everyday high. Its not sustaining on top levels. Looks like its going to complete my target of 160 in coming days :)

Market View for 9th July

Whatever happened yesterday and day before yesterday in base metals refers to a beginning of a new downtrend. Day before yesterday they rose but fell down and closed almost at days low and yesterday that selling continued and it has dragged all of them down further. As I said on 7th July that short positions are building up you can see their effect clearly now. Now what should be the next strategy, where to short and where should be the SL is a big question...levels only for clients ...

Crude is consistently exceeding my expectations. My last target of 3046 was also met yesterday and it even fell down further. Looks like a new downtrend has started in it...more to come...keep checking..

Gold & Silver has given their technical bounces as expected and now ready for a new downside...Hope to see some more correction in them. Gold below 14380 can show some significant fall and same way Silver below 21480.

Natural Gas is consistently falling from last few days. It has almost reached my target of 160 given to the clients when it breached 189 levels. Now a technical bounce is expected in this counter as well. Today is its inventory and we may see some spikes for sure. It may either touch 159-160 and then bounce sharply from there or it should bounce from these levels only. Till what level it should bounce?????

Market View for 7th July

All the base metals are on the verge of some new happening. May be good may be bad. Yesterday most of them fell due to the weakness but they smartly bounced back from their good support levels. However there is no change in sentiment. Still short positions are building up. Lets see which side move we see in coming days. My call is to avoid them for the time being.

Crude also has taken nice support at 3092 levels and still holding it well. What next???? Fall or rise? Do you think its over or just started??? Big question....check it out...

In Gold & Silver as mentioned yesterday we have seen a nice technical bounce. Those who went long in Gold with SL 14380 and in Silver below 21480 must have made decent money intraday.

Natural Gas is still weak and might be heading for my last target of 159-160. Yesterday 166.1 has already been achieved.

Market View for 6th July

Base metals are still non trending so I would advise to wait until trend become clearer. Although the direction seems to be on a little -ve side but still I would not initiate any trade. Yes only risky trades with strict SLs can be picked.

Crude is still falling ever since it was unable to breach 3510. It has given almost 350 points so far..The next very recent support is 3135-3141 and after that it may lead for 3092-3046. The last support for bulls is ?????

Gold and Silver are still weak but a technical bounce can be seen any moment. They are still sell on rise items.

Natural Gas is still weak & is prone for more fall. My final target has already been communiated to the clients long time back when it has broken its support of 189 range. We have already reached 60% of the target and 40% is yet to get..Lets see when it comes...

Silver Technical View

The same way Silver has broken its long term trendline and price is closed below it. It might be an expiry affect but technically it looks very weak and is prone to more fall in coming days.

Have a look at the chart....

Gold Technical View

Hello Viewers, As mentioned in my posts Gold has taken a very nice support at its trendline which is 14385-90 range. Attached is the chart for the same for your review. Once it will break this range its prone to fall to 14115-14145 range.

Market View for 3rd July

As mentioned Lead and Nickel were strong yesterday whereas other base metals could not match them. They are still non trending and yet to find a proper directional move. Yesterday short positions are built up in every base metal except Nickel. Infact huge number of long positions were built in Nickel but its also approaching its resistance area. Lets see if it wud be able to sustain and break that. Overall a confusing state so better avoid trading or trade with strict SL. Trade in those where trend is clear like Crude, Silver, Gas as you all know by now that I am a trend player and pick big positional calls..... :)

Crude is still falling as I said. This is how we book profits at the top. Hope you remember we have booked profits at 3480-3500 levels. Now it has broken its long term trendline on daily charts and is prone for more fall. Ask for support and resistance....

Wow...Gold consecutively taken a decent support 3rd day on its trendline so you can imagine once it will be broken it should give 150-250 points easily. I will post the chart for more clear picture.Silver as expected fell more and it broke and close below its super support of 21490. Do you guys think its heading for 20000????? Let me know :)

Natural Gas as mentioned is making new lows everyday. I had warned everyone that once it will break 189-190 zone it will become very weak and the same thing is happening here. Although its still weak but what level will act as a nice support?????

Market View for 2nd July

All base metals are although non trending however still trading with positive bias. Most of them are trading with high volatility. Among all Lead and Nickel seems to be better than all others to go long.

Crude is losing its momentum and as I said its due for correction, it fell yesterday. What is the next support from where it should bounce? check it out!!!

As I said Gold & Silver are weak however Gold has taken support on its trendline and any more weakness wud be below that. Silver is still weak & heading for 21490 which is a nice support. A close below it wud not be good for bulls.

Natural Gas is still weak & can show some more fall but upto what level? Check it out...

Market View for 1st July

As expected base metals have shown huge volatility. In initial session they were trading flat to little up & in evening session they fell like a knife. June is over now we got to look out for July. I am yet to analyze the July month data. Will post this during daytime today.

Wow...Crude behaved exactly how I predicted. 3500-3508 was resistance zone thats why I had mentioned that Crude should touch 3500 and more strongness will come only above 3510 and see how it fell after making a high of 3503 in the early session. Ever since its falling..So far its in uptrend but some more correction is due...Till what level????? Levels only for clients.

Gold & Silver both have shown a decent downside yesterday. A much awaited single day fall. Gold has taken support beautifully on its lower trendline and more fall will come only if it breaches that trendline successfully. Silver seems to be more weak & trending compare to Gold. Consider 21490 as the last support before bears will take over bulls. The same level for Gold is 14102.

Natural Gas also behaved the same way. It was entering negative zone and as predicted once it has broken 189 zone it fell down to 184.7 and my support area was 185.3It is still weak and can show some more downfall..What is the next support, from where it can bounce..What else can prevent from more fall...check it out !!!!