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
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