First of all I would like to apologize guys as I was not able to update the blog regularly in the last week as I was not getting enough time to update.....Few other very important things kept me busy last week....I am back now...
As mentioned on 21st April regarding base metals whether the fall was retracement or correction? Some more fall after that you all have seen but now as far as trend is concern we have to be scrip specific because not all the base metals are showing the same behaviour. Some are turning into a new downtrend whereas some are expected to bounce back from these levels. Watch out more this week ...
Crude has already given nice returns in last week ever since it has broken its lower TL. We can see some good buying above a specific level this week. Only buy above that...But whats the level...ask for it!!!!
Natural Gas is still extremely weak and we are short ever since it has broken 196 levels. Remain short until it manages to close above 196 with good volumes..Till then sell on rise..
Gold & Silver have shown some good upmove last week. We can still see some more upside. Remain long in Gold as long as its trading above 14430 & Silver above 20740
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