Daily News Letter – 5 th Oct 2018 Commodity Market

Gold  : Oct.      31416

Now time to book profit and we are long above 30000 mark and our target 31000-31500 have been achieved.     Stop Loss for long 31200.

Silver : Dec –  38994

On Friday heavy buying see at lower  level and almost gained more than 1000 points from a lower level and closed above 39000.  We are long above 38000.   Now time to book profit and money at home is a best strategy

Crude Oil – Sept    5515

 After sharp move in last few trading session it was finally made a high 5644 and closed with profit booking.  Over all exit from market and avoid any buying.  Smart traders can sell on intra day rally with stop loss 5650

Nickel –Sept   929

Ready for big blast with consider support 930-935 and resistance  961-965, thereafter non stop target 1000-1025.  Buy and hold

Natural Gas –Sept.  234

 As we were continue writing a bullish and any decline to good buy side.  We are bullish above 200 mark and any decline to buy side. Trading above 50-100-200 DMA only bullish view.  Up move continue.  Now time to book profit at home is a best strategy.

Aluminum –Sept.  161

Some recovery seen from a lower level and almost made a low last week 144 mark.  Now higher level resistance and supply zone is 150-152 range once successfully stay above, it will move like rocket. Above 152   any short will be danger.  Very hot and see what happened and in a one trading session made a high 166. Avoid fresh trade and book profit.

ZINC -  Sept.  196

Very bullish trend   and it was mentioned in this column that above 180 some positive bias and once stay and crossover 185 strong move towards 195 to 200 and almost made a high 195 on Friday sessions.    Strong bullish favour, now stay above 202-205 real move will start and do not think any short sell of this commodity.  As reversal seen from the supply zone so intra day rise to sell side  198-200 with stop loss 205 above….

LEAD – Sept.  148

Overall trading range and time for  consolidation side. Wait for break out in either side.  Ready for big blast  at any time.  Above 152 it will show real power and think to buy above only.

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