All the base metals are on the verge of some new happening. May be good may be bad. Yesterday most of them fell due to the weakness but they smartly bounced back from their good support levels. However there is no change in sentiment. Still short positions are building up. Lets see which side move we see in coming days. My call is to avoid them for the time being.
Crude also has taken nice support at 3092 levels and still holding it well. What next???? Fall or rise? Do you think its over or just started??? Big question....check it out...
In Gold & Silver as mentioned yesterday we have seen a nice technical bounce. Those who went long in Gold with SL 14380 and in Silver below 21480 must have made decent money intraday.
Natural Gas is still weak and might be heading for my last target of 159-160. Yesterday 166.1 has already been achieved.
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