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???
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