Copper (19.8.14) traded lower as per expectation & reach to the support zone. Now copper is trading around 6913 of lme & as we can see on charts, copper provided a false breakout below the lower tradeline of the ascending channel.However it was able to bounce in over night electrinic trading. The bouncing area was well supported by the 61.8% feb correction of the...
Gold (29.4.2014) traded lower once again & reach to $1268 mark, however some fundamental issues made it little more volatile on charts. Now gold is trading below $1300 once again & as we can see on charts, gold kissed the broken trade line which was unable to hold prices up 3rd time in mid april. The upside reversal we witness in gold in last 2 times is making a...
Crude (30.4.2014) traded higher in for last 5 weeks on increasing geographical tension. However technical were not convinced. Now Crude is trading around $100.50 & as we can see on charts crude finally manage to broke below the support trade line holding from start of 2014. The downside breakout came with good technical indicators like the candlestick pattern is...
Gold (26.02.2014) traded upside in 2014 & broken many minor resistance, heading towards some major resistance now. Now gold is trading around $1343 & as we can see on charts, gold was able to provide a day close above 61.8% feb correction level of last long descending move from $1433 to $1182. At the same time we are unable witness any hurdle before $1361 which...
Natural gas (24.02.14) respected our last 3 articles & almost doubled in price. Hope you all enjoyed. Now natural gas is trading around $6.37 & as we can see on charts , this area is just below the 61.8% feb correction level of the last downside wave. As the last downside move was very ideal technical move & in respect to that current bounce should be very ideal....
Natural gas (28.01.2014) traded higher as per last report expectation. However heavy profit booking before rally disturbed the levels of stop loss. Now natural gas march future is trading around $4.810 & as we can see on charts the over bought indicators added more space after yesterday profit booking session. However the correction was limited by 38.2% feb area...
Gold (13.01.2014) reverse from very potential support area of $1208-1180 & now trading between minor support & resistance area which will decide the future direction for shot term. Now gold is trading around $1245 & as we can see on chart it is reaching to the minor parallel resistance area at $1254. we have witness a major bull bear fight in this $1217 - $1254...
Natural gas respected our analysis & moved to targets as per last report. However natural gas move to higher level after that but many important hurdles kept as away for time being. Now natural gas is trading around $4.319 & as we can see on charts the continue trading above $4.140 is indicating that the rally isn't complete & we may witness further bullishness...