icon
icon
icon
icon
icon
Leave a message

Where gold will move now ?

Will copper come down again ??

Crude can buy for long term ???

why natural gas moving like this ????   

Technical analysis is the answer for all above questions. Mantra commodity, a group of analyst serving since june 2006 & technical analysis is always been a unbeatable tool. Trading never done with head or tail probability but its always done by knowledge, dedication & hard work.

In our blog we try to post most helpful articles based on technical analysis & providing most possible aspects for future movement on all major commodities. 

Dear reader,  trading is not gambling. Trading involved risk as well as rewards. Trading is investment, trading is business.

Kindly follow the link given below to contact us. For immediate response call 088890 34986

Click here Contact Us.

Gold (16.11.2016) finally kissed the $1321 mark as we mention in last article & then fall sharply. The current chart of gold favor more weakness ahead of FOMC rate hike probability in December meeting. If this is true then gold will be heading towards major support zone below $1200 mark this time & this will play an important role in long term forecasting.

Trading idea =>  Selling gold for another $30-50 weakness as long as it is staying below $1240 area.

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 line. As well as the price are trading well below 38.2% fibonacci retracement now with RSI below 50 mark now.

Crude (26.10.2016) surly staying in bull mode since the start of year 2016 when it made a low around $28. Since than crude is running with bullish tone. Crude holding up the upside channel nicely with ideal elliott  wave pattern. Currently crude is trading under final 5th wave & today's inventory with -0.553 MB most possibly provide a strong support for another bull wave towards $53 & more.

Copper (03.11.2016) providing an upside breakout from BIG triangle pattern. This move in copper could established a new upside trend. The most important thing with this breakout is rising volume as we can see on charts. As long as it is holding above broken resistance turned into support, we may witness another rally in coming weeks.

www.mantracommodity.blogspot.in do not take any compensation of any kind whatsoever from any Commodity that they mention on this blog. All data and reports at www.mantracommodity.blogspot.in are only information services for investors and are not individualized recommendations to buy or sell Commodities, nor offers to buy or sell Commodities.
Pageviews
Pageviews
5 3 2 9 0
Subscribe
Subscribe
Popular Posts
Popular Posts
  • Crude (26.10.2016) surly staying in bull mode since the start of year 2016 when it made a low around $28. Since than crude is running wit...
  • www.mantracommodity.blogspot.in do not take any compensation of any kind whatsoever from any Commodity that they mention on this blog. All...
Loading