Another wonderful day. As I mentioned that base metals are looking strong and specially Copper, Lead & Nickel so all 3 base metals rose very well with good volumes. The best part is even Aluminium & Zinc have joined the party. Now entire pack looks good and can be bought on dips.
Gold & Silver made new highs yesterday & they might see a little consolidation now. Although both the counters looks bullish but $ is not supporting & consistently getting weaker. If $ will support these counters will have additional strength.
Crude Oil still positive & met my last target/resistance of 3175 yesterday. Since it has closed above 3175 it is even more stronger now. A perfect bull trend is in place.
In Natural Gas short term momentum seems to be up but the long term is still not favoring longs.So far 197 seems to be a huge resistance and below that even 195.8 is a good one. Lets see what unfolds before us. Till the things become clearer we will wait. As always we will pick it at the correct time :)
Stay tuned...keep visiting for regular updates on these commodities & join us to be on the right side of the market...Always !!!!!
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