mantracommodity

mantracommodity

Gold (07.10.2016) given downside breakout from triangle pattern and broken all minor support, channels , tradeline & fall sharply & reach to a multiple support zone. While in the current gold market on one talking about bullishness , we have identified a zone where bulls most probably come into play once again. Area around $1249-1242 associated with multiple...

mantracommodity

Gold (04.10.2016) fail to provide a breakout from $1248-1250 area & thus fall sharply towards $1308 support. However now on intraday basis support is broken & it will be very interesting to watch the next move. Either gold will retest/recover above support turned into resistance or fall will continue towards next support level around $1282 followed by $1265. Tip...

mantracommodity Updated 

Gold (26.09.2016) is trapped in triangle range for more than 12 weeks now. However the movement could be considered as consolidation after a big run from $1040 mark. Gold again approaching to the upper descending trend line & this could be the final final move. A break above $1348-1350 area will open door for $1375 mark initially. Tip : Buy above $1350 mark for...

mantracommodity

Crude(30.9.2016 ) traded higher in last few session & broken the consolidation area with higher volume. After a consolidation period of 6 weeks crude made a double bottom pattern with 2 bullish candlestick in September month. Meanwhile OPEC production cut also boosted crude price while real action on production still has to come. Doors are open now for initial...