Trade forecasts for 29th Aug to 1st Sept 2017

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone

NICKEL  :  Aggressive Uptrend is seen in Nickel from last few weeks. 

As shown in the Price Chart our view for NICKEL is absolutely bullish.

We can see the short term support area of 704 around for buying signals on any time 1H , 4H or Daily time frame.

 

GOLD : We were expecting some downside correction in Gold , But Price exploded so aggressively towards upside.

As we have already achieved ours three bullish rallies in the month of july 2017.

Again we are expecting a good bullish move.

We can take a long entry around 29250 with a stop loss of 28700. As the stop loss is big , we can find an opportunity to buy it at some low price after a downside pullback to reduce the stop loss.

We can expect 1;2 risk reward for this trade.

 

Silver :  As seen the price chart silver shows clear bullish trend.

We can ride with this trend. We would prefer a bullish entry at around 39500  with a stop loss of 38300 .

As the stop loss is big we can wait and find an opportunity of downward pullback to get long in order to reduce the stop loss.

We can expect the target of 41000 in coming weeks.

 

LEAD : We can see a clear Head and shoulder pattern created in LEAD.

Price is at the breakout point at right shoulder.

We can enter into this pattern after a retest. We can see how price behaves here at 148 area. We should get a bearish rejection at this area.

However we would prefer to make it short if Price breaks 146.50 with a Stop Loss of 150.90

we can expect price can touch to next key support area of 140 in coming weeks.

 

Projected Location To Trade LEAD

Price shows aggressive uptrend in LEAD. We have to observe the recent support areas carefully. All the recent short term support areas are shown in the chart below.

Ideally to catch a bullish rally we have to observe buying signals at recent support of 148 to 145 area to participate in the bullish momentum.

Stay connected for further updates for LEAD.

 

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone

Projected Location to Trade Crude Oil

We are expecting a bullish momentum in crude oil as it is above the key reversal area.

Since from last week crude oil showed consolidation and now it is correcting towards downside.

we are expecting a buying signal at 47.40 $ area.

Lets wait for the right time to enter in it.

Stay connected for further updates for crude oil.

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone

Projected Location To Trade ZINC

As shown in the chart below it is seen that Zinc has broken the previous resistance and currently price is pulling back towards flip support.

We are interested to observe 182 area which is a flip support area.

We will ride with the bullish momentum if any buying signal creates around 182 area.

Stay tuned with members area for next update.

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone

Projected Location To Trade COPPER

COPPER is trending clearly towards upside from last few weeks.

Price is riding clearly creating the series of higher high and higher lows.

Currently we found a bullish pin bar in a line of trend.

But as correction level is little down we will observe buying signals at around 402 area to rejoin the bullish trend.

Stay connected to members area for further updates.

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone

Projected Location To Trade NICKEL

As we can clearly see NICKEL seems to so aggressive towards upside from past few weeks.

We can cash this opportunity and ride with the bullish trend in NICKEL.

We should wait for the downward correction at recent flip support levels.

We will watch 652 area to get buying signals.

We will wait for the downside correction to enjoy the bullish movement in NICKEL as shown in the chart below.

Stay connected for the next update in NICKEL.

 

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone

Trade Set up for GOLD on 9th August 2017

We found a bullish rejection which seems to be clear after testing the support level.

Also we may call it as a false break.

we can go long at around 28350 – 28400 with a sop loss of 28280 .

Target area is quite far away i.e 29500 from here, because we don’t find any strong resistance before that area.

But ideally 1;3 risk reward will be good for this trade.

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone

 

 

Projected area to trade Crude Oil in forthcoming week

Crude Oil seems to be in a clear bullish trend since from previous month.

We can clearly see that it is in a correction mode towards downside. We have to trade it in a line of trend.

we are eagerly waiting for 47.70 $ area in Nymex crude. we will observe buying signal at around 47.20 $ area to get long and ride with the bullish trend.

Also we don’t find any resistance till 52 $ area.

Stay connected to members area for next trade set up for crude oil.

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone

Trade setup in Lead for 2nd August 2017

As we can see that Lead is struggling near resistance area 150.50 towards up.

Lead is in a trending mode to travel upside. It seems  lot of potential to travel upside.

Also it has a strong past history as shown in the chart in weekly time frame.

We can ride with this bullish momentum only if 150.50 breaks and price holds to it,

Stop Loss would be 147 and we can expect 163 target area in coming month.

Always remember 1:2 risk reward is always good for any trade. Or else we can use trailing of stop loss to protect our achieved target.

PLS NOTE : All chart analysis posted above are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone