GM everybody.
Was busy for two days so no update.
Commodities are almost where we left on friday closing, except some movement on crude and a very good recovery on NG. Gold and Silver shown some good moves on monday to upside but faded and are still in indecision, however i still prefer upside.
Crude is precariously close to previous closing top and inventory data ahead. However momentum seems to be in bull favour. Has crossed and closed above rendline and as usual a kissback to the breakout point may be imminent and can be utilised.
Gold showing some good consolidation and a sustenance on the channel support. Some good price action on monday a fadeout and a steady climb on tuesday. Looking good as of now.
Silver showing same traction as gold and with dollar taking a beating and euro advancing, the bulls may be favoured. Still settling on lower channel support.
NG snaps back in the channel yesterday after seeing cuts in aftermath of inventory data. The same is coming up again. Barring that price action is showing good traction however a break above the channel resistance on closing basis would validate the move further.
Was busy for two days so no update.
Commodities are almost where we left on friday closing, except some movement on crude and a very good recovery on NG. Gold and Silver shown some good moves on monday to upside but faded and are still in indecision, however i still prefer upside.
Crude is precariously close to previous closing top and inventory data ahead. However momentum seems to be in bull favour. Has crossed and closed above rendline and as usual a kissback to the breakout point may be imminent and can be utilised.
Gold showing some good consolidation and a sustenance on the channel support. Some good price action on monday a fadeout and a steady climb on tuesday. Looking good as of now.
Silver showing same traction as gold and with dollar taking a beating and euro advancing, the bulls may be favoured. Still settling on lower channel support.
NG snaps back in the channel yesterday after seeing cuts in aftermath of inventory data. The same is coming up again. Barring that price action is showing good traction however a break above the channel resistance on closing basis would validate the move further.