Mantraa Commodity Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc. Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on mantracommodity@yahoo.com HaPpY TrAdInG.

Daily Commodity Technical Analysis – 10th Nov 2014

34 sec read

Gold rose sharply in last few session & reach to the battle field area $1172-1182 once again. A break above $1182 will needed to gain momentum while a reversal could lead for more profit booking.

gold

 
Silver bounced from 261.8% Fibonacci retracement & a lower trendline of current descending channel. More stability will come above $16 mark while a reversal could lead for retesting for lower trendline.

silver

Copper trading in a rising wedge pattern which generally lead for a downside breakout. While continuity in current pattern will delay the opportunity.

copper

Crude nicely moving higher with support as will as moving out from rising wedge pattern. However this move could be short leaved if $80 area fights back.

crude

Natural gas continue moving higher on cold weather forecast. A rising wedge pattern suggest for profit booking while lower level could be used as buying opportunity for this week.

natural gas

Note –  Above studies do not represent our buy sell recommendation. For recommendations Contact Us

Mantraa Commodity Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc. Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on mantracommodity@yahoo.com HaPpY TrAdInG.

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