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 !!!!