mantracommodity

mantracommodity 45 views ・

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 39 views ・

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 24 views ・

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...

mantracommodity 32 views ・

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...