Comex Market week ahead 27 Feb to 3 march 2017

Xau usd weekly outlook for 27 Feb to 3 march 2017

Xau usd weekly outlook for 27 Feb to 3 march 2017

#comex #weekly: #xauusd #gold from 1225 to 1260 achieved target 1239 heading for 1267$.

Xag usd weekly outlook for 27 Feb to 3 march 2017

Xag usd weekly outlook for 27 Feb to 3 march 2017

#comex #weekly: #xagusd #silver from 17.81 to 18.39 achieved target 18.12 heading for 18.7$.

Copper weekly outlook for 27 Feb to 3 march 2017

Copper weekly outlook for 27 Feb to 3 march 2017

#comex #weekly: #copper from 2.75 to 2.65 correcting and heading for bearish breakdown expect sharp downside below 2.64.

Bullion Market week ahead 27 Feb to 3 march 2017

Mcx gold weekly outlook for 27 Feb to 3 march 2017

Mcx gold weekly outlook for 27 Feb to 3 march 2017

#commodity #weekly: #mcx #gold from 29075 to 29650 almost 600 rupee gain heading for my second swing tgt 29770.

Mcx silver weekly outlook for 27 Feb to 3 march 2017

Mcx silver weekly outlook for 27 Feb to 3 march 2017

#commodity #weekly: #mcx #silver from 42550 to 43400+ almost 9000 rupee gain heading for my second swing tgt 44050.

commodity tips 13-17 feb week performance profit+7250/- return +2.9%

week performance

This week total ten mcx tips were

Given to subscribers out of which five hit stop loss

while five minted profits

With 50% accuracy this week,

commodity tips  this week profit was Rs. +7250/-.

 

 

This week top performing call was

ng future 2 lots sell call 205.3 to 196 made profit +23250/-

While this week top worst performing call was

gold future 1 lots sell call 29238 to 29390 made loss -15200/-

 

 

 

On opening capital of 2.5 lakhs rupees this week return was +2.9%.

Comex gold silver copper 2017 technical outlook

XAU USD 2017 technical outlook

Xau/usd gold spot 2017 forecast-remain buy above 1195 tgt 1330-1510$

Gold spot or xau/usd is trading at 1205$ with gains for today. This month is the best so far for gold prices and they are continue to gain. We saw strong buying spree from lows of 1145 and now trading above 1200$ mark. In 2016, gold recovered and then corrected on profit booking but net change was gain in 2016. This long term rally will continue in 2017, and gold prices might show upside up to 1330$ and then 1510$ if they sustain above 1195$ mark. Below 1195, next major long term support will be around 1020$.

 

XAG USD 2017 technical outlook

Xag/usd silver spot 2017 forecast-breakout above 16.95$ means tgts of 20.1$-24.3$

Silver spot or xag/usd pair is trading at 16.79$ with gains in month of January. In 2016, silver is recovered from bottom of 13.74 to up to highs of 21.16$ and then corrected on profit booking. For 2017, silver spot outlook is bullish and prices are near long term bullish breakout. 16.95$ is major critical resistance for silver prices and above it trend will change to bullish side. On upside 20.1$ and then 24.3$ are 2017 target zones if breakout happens. On downside 12.8$ is major support zone as well as target zone if breakout fails.

 

COMEX COPPER 2017 technical outlook

Comex copper 2017 forecast-remain buy for targets 2.86-3.21$

Comex copper is trading at 2.66$ with strong gains in January series. Copper prices after long consolidating in 2016, given strong breakout above range at end of 2016 and closed with strong gain. Follow up buying seen in January which taking copper prices to record highs. Technically, comex copper for 2017 will remain buy and bullish above 2.4$ support level. On upside 2.86 and then 3.21$ are resistances as well as target zones for 2017. Below 2.4$, copper next long term support will be at 2.05$.

Comex weekly technical analysis 9-13 January

xau usd weekly technical analysis 9-13 January

Xau usd weekly-1185$ tgt achieved next is 1219$

Xau usd or gold spot this week closed at 1173$ with gain. This was second weekly gains for gold prices after hitting bottom at 1120$ in month of December.

For month of January 2017, gold outlook was bullish and targets were 1185$ which gold hit in last week and now watch for next target of 1220$ on breakout above 1185$. From long term view, gold is bearish but look like bottomed out for targets 1225 to 1350$.

xag usd weekly technical analysis 9-13 January

Xag usd weekly-remain buy above 16.2$ tgts 16.88$-17.84$

Xag usd or silver spot this week closed at 16.49 with gain. This was second positive week for silver spot after making bottom around 15.65$. Xag usd is in uptrend ad remain buy on dips above 16.2$ support level for month of January 2017.

Xag usd short term targets are 16.88$ and then 17.84$ for this series. Traders must use negative days to enter log with stop loss and expect upside swing targets in 1 to 3 weeks period. From long term view, xag usd trend and momentum both are down but if it holds bottom of 15.65$ on monthly closing basis then expect strong reversal rally for targets 17.8$ to 19$ levels.

copper weekly technical analysis 9-13 January

Copper weekly-watch for breakout above 2.55$

Comex copper this week closed at 2.54$ with gain. That was second positive week for copper prices. Copper prices are in downtrend and trying to recover from lows.

On upside 2.55$ is major hurdle on daily closing basis and if we saw breakout above 2.55$ then that will be trend breakout for bullish targets of 2.66$ and then 2.81$. On downside bottom of 2.44$ will act as major support and remain very important for short terms. From long term view, copper entered long term bullish trend and expect targets of 2.85 and then 3.23$ in 2017.

9 jan commodity intraday pivot levels

Today’s commodity Market closing rates 6 jan 2017

Today’s commodity Market closing rates 6 jan 2017

 

mcx commodity intraday pivot levels for 9 jan 2017

mcx commodity intraday pivot levels for 9 jan 2017

 

 

Most Professional traders calculate support or resistance levels by one of the most common methods is using pivot points.

When calculating pivot points, the pivot point is market bias line. This means that the largest price movement is expected to occur at pivot means breakout or breakdown will be trading opportunity. The other support and resistance levels are less influential, but may still generate significant price movements.

It is the best and easy trading tool for professional traders and gives excellent result if combined with momentum indicators and oscillators such as MACD, RSI and SMI.

 

How to use Pivot trading levels for practical trading ?

 

  • For positional traders, daily support or resistance will be best positional entry levels to trade along with trend. for example: nifty daily chart showing downtrend then one can use intraday R1 or R2 levels as fresh short entry point with stop loss and expect downside S2 and S4 as target zone.

 

  • For Intraday traders, use 5 or 10 minute timeframe chart, put levels on chart and trade long if opens or trading above pivot level with price targets at R1 and R2. Or, sell short if opens or trading below pivot level with stop loss for targets of S1 and S2.

 

  • Using RSI, MACD and SMI along with pivot points will drastically improve your trading skills.

 

  • Main primary trend always influence underlying shorter trends. Means in downtrend you will see larger downside rallies than recovery and vice versa.

MCX tips 2 to 6 jan performance profit-87400/-

week performance

This week total six mcx tips were

Given to subscribers out of which four hit stop loss

while two minted profits

With 34% accuracy this week,

mcx tips this week profit was Rs. -87400/-.

 

 

This week top performing call was

nickel future 4 lots buy call 681 to 691.5 made profit +10500/-

While this week top worst performing call was

ng future 2 lots buy call 258 to 229 made loss –72000/-.

 

 

On opening capital of 2.5 lakhs rupees this week return was –34.96%.

6 jan commodity intraday technical levels

Today’s commodity Market closing rates 5 jan 2017

Today’s commodity Market closing rates 5 jan 2017

 

commodity intraday technical levels for 6 jan 2017

commodity intraday technical levels for 6 jan 2017

 

 

Most Professional traders calculate support or resistance levels by one of the most common methods is using pivot points.

When calculating pivot points, the pivot point is market bias line. This means that the largest price movement is expected to occur at pivot means breakout or breakdown will be trading opportunity. The other support and resistance levels are less influential, but may still generate significant price movements.

It is the best and easy trading tool for professional traders and gives excellent result if combined with momentum indicators and oscillators such as MACD, RSI and SMI.

 

How to use Pivot trading levels for practical trading ?

 

  • For positional traders, daily support or resistance will be best positional entry levels to trade along with trend. for example: nifty daily chart showing downtrend then one can use intraday R1 or R2 levels as fresh short entry point with stop loss and expect downside S2 and S4 as target zone.

 

  • For Intraday traders, use 5 or 10 minute timeframe chart, put levels on chart and trade long if opens or trading above pivot level with price targets at R1 and R2. Or, sell short if opens or trading below pivot level with stop loss for targets of S1 and S2.

 

  • Using RSI, MACD and SMI along with pivot points will drastically improve your trading skills.

 

  • Main primary trend always influence underlying shorter trends. Means in downtrend you will see larger downside rallies than recovery and vice versa.

5 jan advisory calls performance profit+14164/-

daily performance
  • Future tips : nifty future call minted profit+8850/-.
 
  • Commodity tips : 3 calls 2 losses 1 profit made loss –5400/-
 
  • Currency tips : usd inr future sell call minted profit +3400/-.
 
  • Option tips : nifty option call options minted profit+6000/- .

 

  • stock tips : 2 calls 2 profit made +1314/-

4 jan advisory calls performance profit+18896/-

daily performance
  • Future tips : nifty future sell call exited with loss –900/-
 
  • Commodity tips : mcx nickel buy call minted profit +10500/-.
 
  • Currency tips : 2 currency future call minted profit +6000/-.
 
  • Option tips : nifty option call minted profit+3000/- .

 

  • stock tips : 3 calls 2 profit 1 loss made profit+296/-

5 jan mcx commodity intraday SR levels

Today’s commodity Market closing rates 4 jan 2017

Today’s commodity Market closing rates 4 jan 2017

 

mcx commodity intraday levels for 5 jan 2017

mcx commodity intraday levels for 5 jan 2017

 

 

Most Professional traders calculate support or resistance levels by one of the most common methods is using pivot points.

When calculating pivot points, the pivot point is market bias line. This means that the largest price movement is expected to occur at pivot means breakout or breakdown will be trading opportunity. The other support and resistance levels are less influential, but may still generate significant price movements.

It is the best and easy trading tool for professional traders and gives excellent result if combined with momentum indicators and oscillators such as MACD, RSI and SMI.

 

How to use Pivot trading levels for practical trading ?

 

  • For positional traders, daily support or resistance will be best positional entry levels to trade along with trend. for example: nifty daily chart showing downtrend then one can use intraday R1 or R2 levels as fresh short entry point with stop loss and expect downside S2 and S4 as target zone.

 

  • For Intraday traders, use 5 or 10 minute timeframe chart, put levels on chart and trade long if opens or trading above pivot level with price targets at R1 and R2. Or, sell short if opens or trading below pivot level with stop loss for targets of S1 and S2.

 

  • Using RSI, MACD and SMI along with pivot points will drastically improve your trading skills.

 

  • Main primary trend always influence underlying shorter trends. Means in downtrend you will see larger downside rallies than recovery and vice versa.

Mcx gold and silver bullish breakout watch upside targets

Mcx gold trend reversal targets 28150 and 28850

Mcx gold trend reversal targets 28150 and 28850

Mcx gold on last trading session closed at 27776 with gain. Mcx gold has given bullish breakout above major hurdle of 27510 and entered into bullish territory.

Mcx gold has made rounding bottom around 26900 and from that level we saw almost 900 rupee rally. Yesterday mcx gold hit high of 27823. Mcx gold price trend and momentum both are now bullish. Daily chart price pattern is with rounding bottom and indicators are with fresh buy signals.

On upside my January targets are 28150 and then 28850 for mcx gold future. We already saw high of 27800+. Above 27500 on daily closing basis keep buy on dips trading strategy for this bullion commodity and expect big upside targets in short terms.

Mcx silver bullish breakout heading for 41300 to 43500 targets

Mcx silver bullish breakout heading for 41300 to 43500 targets

Mcx silver on last trading session closed at 40200 with gain. Mcx silver future price trend is now bullish as we saw strong trend breakout above 39800 level. Breakout happened with strong price action and with volume so expect big upside for silver prices in short terms.

Mcx silver above 39800 on daily closing will head for my given positional targets of 41300 and then 43500. Mcx silver daily chart is with rounding bottom pattern and we saw bottom at 38500. Daily and weekly chart indicators are bullish and with buy signals.

4 jan mcx commodity intraday levels

Today’s commodity Market closing rates 3jan 2017

Today’s commodity Market closing rates 3 jan 2017

 

mcx commodity intraday pivot point levels for 4 jan 2017

mcx commodity intraday pivot point levels for 4 jan 2017

 

 

Most Professional traders calculate support or resistance levels by one of the most common methods is using pivot points.

When calculating pivot points, the pivot point is market bias line. This means that the largest price movement is expected to occur at pivot means breakout or breakdown will be trading opportunity. The other support and resistance levels are less influential, but may still generate significant price movements.

It is the best and easy trading tool for professional traders and gives excellent result if combined with momentum indicators and oscillators such as MACD, RSI and SMI.

 

How to use Pivot trading levels for practical trading ?

 

  • For positional traders, daily support or resistance will be best positional entry levels to trade along with trend. for example: nifty daily chart showing downtrend then one can use intraday R1 or R2 levels as fresh short entry point with stop loss and expect downside S2 and S4 as target zone.

 

  • For Intraday traders, use 5 or 10 minute timeframe chart, put levels on chart and trade long if opens or trading above pivot level with price targets at R1 and R2. Or, sell short if opens or trading below pivot level with stop loss for targets of S1 and S2.

 

  • Using RSI, MACD and SMI along with pivot points will drastically improve your trading skills.

 

  • Main primary trend always influence underlying shorter trends. Means in downtrend you will see larger downside rallies than recovery and vice versa.

3 jan advisory calls performance profit-78842/-

daily performance
  • Future tips : nifty future call open for tgt.
 
  • Commodity tips : mcx ng calls hit sl loss –92500/-
 
  • Currency tips : usd inr future 2 call minted profit +7800/-.
 
  • Option tips : nifty option 2 call minted profit+5400/- .

 

  • stock tips : 2 calls 2 profit made +458/- .

2 jan advisory calls performance profit+12342/-

daily performance
  • Future tips : nifty future 2 call minted profit+7500/-.
 
  • Commodity tips : mcx ng and aluminium calls open for target.
 
  • Currency tips : 2 calls 1 profit 1 loss made loss –800/-
 
  • Option tips : nifty option 2 call minted profit+5400/- .

 

  • stock tips : 3 calls 1 loss 2 profit made profit +242/-

3 jan mcx commodity intraday levels

Today’s commodity Market closing rates 2 jan

Today’s commodity Market closing rates 2 jan

 

mcx commodity pivot levels for 3 jan 2017

mcx commodity pivot levels for 3 jan 2017

 

 

Most Professional traders calculate support or resistance levels by one of the most common methods is using pivot points.

When calculating pivot points, the pivot point is market bias line. This means that the largest price movement is expected to occur at pivot means breakout or breakdown will be trading opportunity. The other support and resistance levels are less influential, but may still generate significant price movements.

It is the best and easy trading tool for professional traders and gives excellent result if combined with momentum indicators and oscillators such as MACD, RSI and SMI.

 

How to use Pivot trading levels for practical trading ?

 

  • For positional traders, daily support or resistance will be best positional entry levels to trade along with trend. for example: nifty daily chart showing downtrend then one can use intraday R1 or R2 levels as fresh short entry point with stop loss and expect downside S2 and S4 as target zone.

 

  • For Intraday traders, use 5 or 10 minute timeframe chart, put levels on chart and trade long if opens or trading above pivot level with price targets at R1 and R2. Or, sell short if opens or trading below pivot level with stop loss for targets of S1 and S2.

 

  • Using RSI, MACD and SMI along with pivot points will drastically improve your trading skills.

 

  • Main primary trend always influence underlying shorter trends. Means in downtrend you will see larger downside rallies than recovery and vice versa.

Mcx base metals January 2017 outlook

Mcx aluminium monthly-keep targets 118-121

Mcx aluminium monthly-keep targets 118-121

Mcx aluminium future this week closed flat at 115.1. On daily chart, aluminium prices are in downtrend but near major support. On upside 116.2 is major hurdle while on downside 113.1 is major support zone.

Here keep buy and accumulate view and expect breakout above 116.2 for January swing targets of 118 and then 121.

Mcx copper monthly- remain buy for tgts 383 and 402

Mcx copper monthly- remain buy for tgts 383 and 402

Mcx copper this week closed at 376.55 with gain. This was second positive week for copper prices. Mcx copper prices are in bearish trend but hit bottom at 365 which is major downside support.

For month of January 2017, mcx copper below 384 remain weak and sell. But current price pattern suggesting recovery rally towards 383 rupee. Above 383 trend will be bullish and positional targets will be 402 and 428.

Mcx lead bearish and oversold major hurdle 145

Mcx lead bearish and oversold major hurdle 145

Mcx lead future this week closed at 136.15 with gain. Mcx lead in last 3 weeks given sharp fall on profit booking. For month of January, lead future below 145 remain weak and sell on rise but daily chart indicators are bearish and oversold.

On downside lead have support zones around 125 and 114 and these are also target zones if downtrend persist. Uptrend start only above 145 rupee level on daily closing basis.

Mcx nickel below 722 remain sell tgts 645 and 500

Mcx nickel below 722 remain sell tgts 645 and 500

Mcx nickel future this week closed at 685 with loss. This was sixth losing week for nickel future and in these 6 weeks nickel prices slumped from 821 highs to lows of 677 rupees. Total 150 rupee loss in short period.

In January series, nickel prices might continue downtrend and technically below 722 rupee remain weak and sell. On downside my positional targets are 645 and then 600 rupees. Mcx nickel daily chart indicators are oversold but weekly chart indicators are bearish and suggesting deep downside for nickel prices in 2017.

Mcx zinc below 178 remain weak targets 163 and 152

Mcx zinc below 178 remain weak targets 163 and 152

Mcx zinc future this week closed at 173.2 with gain. Zinc prices are recovering after sharp correcting from 205 to 166 rupee levels. But for month of January, below 178 rupee level, zinc future will remain weak and absolute sell.

Daily chart price pattern is weak and indicators are oversold and suggesting downside for zinc prices in short terms. Expect strong short covering rally up to 189 to 203 above 178 rupee level on daily closing basis.

Mcx natural gas remain bullish for targets 272 and 289

Mcx natural gas January 2017 outlook

Mcx natural gas January 2017 outlook

Mcx natural gas future this week closed at 251.9 with loss. After last 2 weeks strong rally from low of 221 to highs of 264. Natural gas prices seeing some retracement on profit booking.

 

Mcx natural gas daily chart price trend and momentum both are bullish. Mcx natural gas major support for January series is at 246 rupee level. Above it this energy commodity will remain buy and accumulate for monthly targets of 272 and then 289 rupees.

 

Daily closing below 246 means fresh breakdown and short term bearish trend start for this commodity. On downside 229 and 203 are major support zones as well as target levels on breakdown.

 

From long term view, natural gas future is in Bull Run and which will continue in 2017 and long term targets are 308 and 360 rupees for investors.

Mcx crude oil above 3535 remain buy and accumulate tgts 3835-4010

Mcx crude oil January 2017 technical analysis

Mcx crude oil January 2017 technical analysis

Mcx crude oil future this week closed at 3648 with loss. Mcx crude oil after last 3 weeks continues positive closing given first negative closing.

 

Mcx crude oil daily chart price trend and momentum both are bullish. This rally was started at bottom of 2900 and now oil future is around 3650. Rally is strong and seeing strong demand at every correction. Mcx crude oil global fundamentals also supporting prices. On downside 3535 is major support zones for month of January 2017. Above this level, crude oil future short term view remain bullish and trading strategy will be buy on dips for positional targets of 3835 and then 4010.

 

Below 3535, on daily closing basis, mcx crude oil will turn bearish and become sell for targets 3360 and then 3060.

Mcx crude oil weekly chart price trend and momentum is strong bullish. From long term view, crude oil future above 3050, heading for long term targets of 4300 and 4960.

Mcx silver recovering towards 39900 and 41500

Mcx silver January 2017 forecast

Mcx silver January 2017 forecast

Mcx silver future this week closed at 39125 with loss. Mcx silver after last week’s gain hit high near 39900 but saw profit booking near weekend.

 

Mcx silver future daily chart price trend is down but momentum is building on buying side as we seeing value buying coming on lower levels. We saw bottom low of 38300 and then strong recovery as well as short covering allies up to 39900. For month January, mcx silver might continue to recover towards 39900. Daily closing above 39900 with strong price action and volumes means bullish breakout and short term trend change for silver prices. Above 39900, mcx silver January targets will be 41500 and then 43600.

 

If mcx silver fails to cross 39900 level then that will result in fresh selling and mcx silver might resume primary downtrend for fresh bearish targets of 37825 and then 34200.

 

Mcx silver weekly chart shows downtrend and bottom support at 38300. On upside 40400 is major weekly closing hurdle for silver prices and if silver gives breakout above 40400 on strong price action on weekly basis then that will be fresh long term trend start for silver prices with price targets 47500 and above.