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TIME TO SELL: Commodity Silver, Crude oil, Nickel, Lead & Mentha oil tips

Posted: 23 Apr 2017 02:08 PM PDT

Commodities Weekly Roundup

If we see Major commodities by Top Losers then crude oil took the 1st place. It lost -212 rupees (-6.20%). Natural gas also dropped on warm weather predictions. In my previous weekly newsletter (click here to read), I had said, “if it (crude oil) will remain down and close below to 3400 level then sell for 3300-3200 for next week!”
And as I said, “crude oil made low 3195 and closed at 3208 in loss -93 rupees (-2.82%)”.
I hope, everybody booked profit at 3200 level (Earned Rs.20,000/lot) in last trading session!

Where crude oil go now? Keep reading… The answer is below!

Futures-based ETPs: Precious Metals -1.04%, Industrial Metals -0.32%, Energy -6.64% and Agriculture -2.08%.

In last week all major commodities were down and Gold & Aluminium tried best to remain upside. Look at bottom of this article for weekly MCX Top gainers and Top losers.

Is Silver Best for Sell Today?
Someone asked during the phone call, where gold will go? while I was saying everybody SELL Crude oil. Opportunity is most important. If anyone thinks, GOLD is my favorite and I want to trade daily in Gold then I don’t think it works all the time! You must jump on the right commodity at right time!

Silver is better than gold in this week.

If it will crossover and close below to 41160 level then you can sell for 40952 – 40760 levels.

What will happen if it will remain above last trading session high? You must subscribe to know everything!

MCX Lead & Nickel – Technical Analysis

The lead had lost -5.6 rupees in last week and closed 139.10 level. You must check my previous week newsletter to study Lead chart by click here.

MCX lead had broken uptrend line and it can go more down from here if we see closing below 139 level.

On this week, the lead may go downside up to 134 – 132 levels if it runs as above mention.

Do you think nickel will more down this week?
I think silence is the best answer. Read my previous week newsletter by click here.

CRUDE OIL: Wait for Good Entry Level & Print Money!

Crude oil is running very fast downside. It can take some rest and may try to run 3300 this week. I will not say perfect entry level this week.

…But Crude oil will hit 3170-3140 levels soon.

Mentha oil – BULL or BEAR?

Mentha oil rose 0.39% rupees and closed at 948.2 (-3.7) in last trading session but overall in week performance, it had to lose -43.3 rupees. I think that does not sign it can run upside this week too!

Yes, it may try to 958 level. And that’s the best level for small traders. They can sell natural gas around 958 for 937 – 926 levels.

If it will remain above to 958 level and close then forget it!

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If you have any questions or comments about Commodity market then may leave mail on commodity@moneymunch.com OR use below Comment Box for immediate reply.

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DON’T FLINCH TO SELL – NCDEX Soya oil, Turmeric & Jeera tips

Posted: 23 Apr 2017 12:52 PM PDT

Time to Watch Soya Oil for Big Profit

Soya oil 12 Months low level and last closing level has an only Rs.1 difference!
It’s Top opportunity for Agri Commodities traders. You must not miss this opportunity! If it will close below to 621 level then sell and hold for 616-611-600 levels.

Jeera – Top Secret Revealed

Turmeric – At Turning Point

In last trading session, turmeric gained 242 rupees (+4.05%) and closed at 6216 level. Weekly it had changed +44 rupees and increased 0.71%. But still, I don’t see its future bright.

It had closed upside but in high selling pressure. It made high 6376 level but fundamentally Turmeric was weak so it can’t even close around 6300!

If you know where to sell then you can sell it. Last week low is 5900 and my targets are 6100 – 6000 – 5900 levels!

If it will close above last trading session high then you should not sell it.

NCDEX Future Index weekly changed -0.74% (-22.86 rupees).

The post DON’T FLINCH TO SELL – NCDEX Soya oil, Turmeric & Jeera tips appeared first on Moneymunch.

FOREX: EURUSD & USDCHF – It’s Time to Make Money

Posted: 23 Apr 2017 12:35 PM PDT

EURUSD INDEX

What is Next Move in EURUSD Index?

You must watch French Presidential Election and German Ifo Business Climate events today. It will play a big role in Euro currency price rate. These events can cause unexpected volatility!
IF YOU ARE PREMIUM SUBSCRIBERS THEN DO NOT WORRY, WE PROVIDE YOU ALERT BY EMAIL & SMS.
Not promising: If we get time then I will update for you in FREE.

USDCHF INDEX

USD/CHF has declined toward the support at 0.99433-0.99278-0.99147 levels before bouncing.
The Technical pattern is negative if USD/CHF below the resistance level 1.00252.
IF USD/CHF cross or close above the resistance level (0.99707), you will see above levels (0.99835 – 1.00079 – 1.00252).

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