Whatever happened yesterday and day before yesterday in base metals refers to a beginning of a new downtrend. Day before yesterday they rose but fell down and closed almost at days low and yesterday that selling continued and it has dragged all of them down further. As I said on 7th July that short positions are building up you can see their effect clearly now. Now what should be the next strategy, where to short and where should be the SL is a big question...levels only for clients ...
Crude is consistently exceeding my expectations. My last target of 3046 was also met yesterday and it even fell down further. Looks like a new downtrend has started in it...more to come...keep checking..
Gold & Silver has given their technical bounces as expected and now ready for a new downside...Hope to see some more correction in them. Gold below 14380 can show some significant fall and same way Silver below 21480.
Natural Gas is consistently falling from last few days. It has almost reached my target of 160 given to the clients when it breached 189 levels. Now a technical bounce is expected in this counter as well. Today is its inventory and we may see some spikes for sure. It may either touch 159-160 and then bounce sharply from there or it should bounce from these levels only. Till what level it should bounce?????
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