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COMMODITY MCX Gold, Silver, Crude oil, Natural gas & Mentha oil intraday tips & reports

Posted: 23 Oct 2016 09:29 PM PDT

In last week gold gained +273 rupees. If MCX gold will close above to 30070 level then we can see upside rally up to 30300-30530 level.

Don’t forget: gold can show up a rally in only 1 condition “it will need to close at / above 30070 level“.

If that not happen then gold downtrend will begin soon and it can drop up to 29790-29650-29550 levels.

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Silver is trying to recover 20 October loss but its failing. This week for intraday hurdle is 42040 level and if it will close above it then we can see 42106-42174 levels only. You must be thinking, why targets range is not big but look at its movement!

I don’t recommend to trade in Silver. Yes, the seller can get benefits because it’s become aggressive while got a chance to go down so I would recommend keeping selling silver until it remains below to the hurdle.

Target: 41822

If silver close or go below to 41800 level then my friends, Big Booooooom…!!! And my premium subscribers are waiting for that moment.

It’s time to earn money from crude oil. Buying pressure will generate on 3426 level and buyers may push up crude oil above 3500 levels within an hour.

Crude oil is going to open downside. It can play between 3426-3376 levels range. If crude oil will remain below to 3376 level for more than 15min then high selling pressure will generate and it can be oversold.

If you are smart enough then you can sell crude oil as per above mentioned instructions.
Targets will be 3310-3266 levels.

Last week updated Technical report in what I had said about Natural gas? If you don’t remember that then you may click here and read it again.

I have boldly said, “If MCX NG will try to break 215 levels or close below it then the natural gas could slip up to 210-203 levels.“

And Natural gas exactly did that and closed at 201.5 level. Both targets have been achieved.

Mentha oil is trying to go up but waiting for the buyers and that buyer may come after hitting 794 level before next weekend. I would like to suggest you to keep selling mentha oil until it hit the 794 level. Once it touches that level after you may follow last week instruction for higher profit.

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Technical analysis on GBPUSD index

Posted: 23 Oct 2016 12:32 PM PDT

GBPUSD index was failed attempt to recapture high; you had seen its cascade lower.
GBPUSD index (6/10/2016) is clues that the trend down was coming to end here, you will see 1.24324-1.27744 – 1.30560 levels soon.
Keep in mind MACD and RSI waits for up-signal, if GBPUSD crossover or closes below 1.18872 level you may see 1985year’s low.

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