mantracommodity

mantracommodity

Gold (27.07.2015) given free fall as we mention in our previous two articles published from april 2015. The downtrend is very strong still we may find some corrective bounce from current levels as indicators are highly oversold. Now as we can see on charts, gold is trading around $1092 area after printing a fresh low at $1172 last week. In area around...

mantracommodity

Crude (21.07.2015) respected our last report & traded lower in last 1 month. However we witness some bounce in last few session but trend still bearish. Now crude is trading around $50.63 & we can see on chart, after breaking the major support area around $56 mark crude fall very sharply towards $50 mark. Somehow this level is providing some hope for bulls but...

mantracommodity

Crude (24.06.2015) trapped in a tight range since beginning of may 2015 & still searching for a direction. However the range bound move providing great trading opportunity for swing traders. Now as we can see on charts , crude continue trading in tight range & with this time consuming move all indicators becoming neutral since mid of may. This kind of trading...

mantracommodity

Gold (27.05.2015) traded lower & reach to $1172 as per our last article published. However the low was followed by quite recovery but fail to cross the $1244 level as mention earlier also. Now gold is trading around $1187 mark & we can see on chart after reaching to $1232 area rally stopped & it took only 2 powerful trading session to bring it back below $1200...

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Crude (22.05.2015) traded lower as per our expectation as mention in our previous article, however it fail to reach to $55.70 mark & bounced back with current week inventory support. Now crude is trading around $60 mark & as we can see on charts, crude trying to retest the broken trade line of ascending channel. The bounce was supported by volume as well as...

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Copper (19.05.2015) finally providing some directional momentum after spending more than 3 weeks in range. Now copper is trading around $2.8626 & as we can see on charts , after spending more than 10 trading session , finally copper providing a downside breakout with aggressive volume. The reversal coming in copper is from 61.8% fibonacci retracement level as...

mantracommodity

Silver (09.14.2015) moved higher & almost kissed the $18.70 as per our last report. However strong down trade line stopped the momentum. Now silver is trading around $16.36 mark & as we can see on charts, silver rally was strongly rejected by descending trade line & this will be the 4th point when we have a rejection here. This shows the strength of the trade...

mantracommodity

Gold ( 08.04..2015) traded higher as per our last report & reached to $1205 mark. A gap up opening were on charts after long weekend with low volume pointing for a weak move. Now gold is trading around $1211 & as we can see on charts gold following a upward trade line & reaching to the major resistance zone from $1224-1245. while looking at the big time frame...

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Crude(25.03.2015) broken downside & traded lower towards $43 mark as mention in our last analysis. However the recovery was quite sharp to resistance zone once again. Now crude is trading around $47.50 & as we can see on charts, its approaching to the broken tradeline of last symmetrical triangle pattern. This recovery seems to be a corrective one due to less...

mantracommodity

Gold (23.03.2015) moved higher as mention in our last article just around swiss gold referendum & posted a higher above $1300 mark. However it felt sharply & reached to the previous bottom around $1138. Now gold showing recovery from previous bottom level & also broken from a shot term descending channel as shown in picture. However this breakout is not...

mantracommodity

Crude (10.03.2015) fall more than 60% in last 6 months & now consolidating in tight range , probably looking for another big move. Crude is trading around $50.80 & as we can see on charts it is trapped in a range & producing a symmetrical triangle pattern. Generally these patterns appear before a big move & provide a either side breakout in 50-75% length range....

mantracommodity

Silver(07.01.2015) remain very quite for more than 2 months & traded in range. However this range bound trading came with some surprising moves which plotting the future movement story most probably. Fundamental remains very weak for silver from last few months, gold with bad performance in 2014 kept pressure on silver as well as slowdown in leading manufacturing...

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Natural gas (10.12.2014) respected our last article & fall to the mention target area. As always traders becoming more bearish due to last week fall in natural gas & we feel its time to have a sharp look at future prospect. On fundamental side, the average inventory withdrawal staying on higher side since november 2014 due to harsh winter in major part of US....

mantracommodity

Natural gas (03.12.2014) made high round $4.6 on unexpected cold front in November month while upcoming mild weather forecast forced trader to book profit on higher levels. On fundamental side, mild weather in US expected to continue for coming 2 weeks & will put more pressure on prices. On other hand current inventory level of natural gas is 3432 bcf which is...

mantracommodity

Gold (01.12.2014) reverse from $1207 mark which we mention as first resistance for bulls. However fall from mention level should taken as correction or profit booking but swiss gold referendum added more fuel & created panic selling. Now gold is trading around $1275 & we have witness a sharp bounce from recent low $1142 made just after a NO answer from swiss gold...

mantracommodity

Gold(17.11.2014) moved higher in last week on profit booking as well as on challenging fundamental growth of major economy. However branching the strong resistance zone with volume could change long term scenario. Now gold is trading around $1187 & we can see on charts, friday gold rally more than 3% & provided a closing above $1182-1172 resistance which where...

mantracommodity

Crude (12.9.2014) fall sharply in last few weeks & reach to the $90 sociological level. Now crude is trading around $92.40 & the bounce $90 mark is well supported by many factors like 261.8% feb ret. , a lower tradeline of descending channel as well as a very strong positive divergence. All this together providing a buying opportunity at current level. On...

mantracommodity

Copper (11.9.2014) traded as per our last report & after finishing the levels , fall back very quickly. Now copper is trading around $3.0693 & as we can see on charts, its reaching to the lower tradeline current descending channel. However the momentum is very strong & it may break the channel , still few more indicators providing best opportunity for a shot...