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Commodity Strong Signals (Part 2): Gold, Crude oil, Lead, Nickel…

Posted: 25 Feb 2018 02:18 PM PST

Gold May Yet Be Ready To Break Out 31,000

Gold is in reverse gear. This week reversal will end. As per our previous foretelling, gold will touch Rs.31,000 soon.

Our regular blog/email readers asking us via emails: when will be the gold’s uptrend over?
Answer: Closing below 30200 level.

Intraday Targets & Best Entry Level will be Revealed on market hours for Premium subscribers only.

Crude oil: Bull OR Bear

I don’t require to write on crude oil this week. Click Here – Read the previous crude oil report.

I had clearly written in big bold words that “…if crude oil remains above 4000 level then just buy. Targets: 4080 – 4120 – 4170+“.

In last trading session, it made high 4141 level. Crude oil touched the second target.

Will crude oil touch 4170 level or not? Yes! But this week crude oil volatility will increase. Trade carefully!

Lead – Decision Time

As per the technical research, level 162 is a game changer. 2 Days consecutive closing down to 162 level is a warning for short-term investor, “it will hit 156 level”.

And look at the chart, closing above 162 level is a message. Keep buying lead for 167-170-175+.

Nickel: Is the Correction over?

Explanation not required. In above chart mentioned targets are intact. Exact entry level is visible for premium subscribers only.

NCDEX Coriander – Technical Research

Coriander is making a trap for short-term investors. Closing above 5760 will indicate higher demand. It will be the perfect time to take the entry for agri-commodity traders.

Targets: 5860-5950

In above chart, there’s an October uptrend channel. This channel line breakout will attract the sellers. Buyers must wait for initiate new position till coriander touch the strong support level. Targets (5860-5950 levels) will remain same from strong support line. This information is sufficient for Smart NCDEX trader!

NCDEX Cotton Seed Oil Cake Akola Tips

Keep selling up to level 1580. Closing below level 1550 will increase the supply. Intraday/short-term traders may keep continuing selling after 2 days consecutive closing below 1550 level for the target Rs.1500.

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