23/04/2023
US $ INDEX OUTLOOK
COMMOTRENDZ
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We are in advisory business of commodities for more than four year. We are in this field of research We are in this field of research of all commodities.
we are serving the mcx trader in particular and comex nymex trader in general. our team having good knowledge of market fundamental and data view. while giving calls we keep both the factors keeping in mind for safetly of trading. as trading is risky job, We take utmost care for each calls tll our targes reach. we puruse n educate the clients about the trading methodology for better profits. COMMO
23/04/2023
GOLD outlook gone against my view. I am out of shorts. Will update once fresh view generated. I will look for price 2 daily close below 1870 for now to see confirmation in bearish outlook. cmp $1934
22/12/2022
In Gold spot chart. I am seeing squeeze at higher level on daily time frame. its not good for long. having triple negative divergence too. Next chart is of Dollar Index having squeeze at bottom levels. good for longs. So analysis matches with counter trend in GOLD/US DOLLAR INDEX. I am bearish in GOLD for now CMP 1800 will see 80-130 $ down side upto 1690-1670 zone for now. any longs need protective Stop loss.
22/12/2022
In Gold spot chart. I am seeing squeeze at higher level on daily time frame. its not good for long. having triple negative divergence too. Next chart is of Dollar Index having squeeze at bottom levels. good for longs. So analysis matches with counter trend in GOLD/US DOLLAR INDEX. I am bearish in GOLD for now CMP 1800 will see 80-130 $ down side upto 1690-1670 zone for now. any longs need protective Stop loss.
21/08/2022
Crude Oil outlook : Crude looks bearish on weekly chart @ current price cmp $ 89.95. It has given 3 weekly close below 92 zone which was crucial level on weekly time frame. its 50 sma zone. Now I am looking for tgt of $ 68.50- $ 62.50 in next 4 - 7 months time frame. Any longs should be protected with STRICT SL for safe trade. Upside is capped @ 110-115 zone. entry add on zone for shorts. Charts attached of weekly and monthly time frame for reference.
14/06/2022
Bitcoin gave lows so far 20800 zone today. Our target was 20k. Would like to see more pain in Bitcoin if able to give 2 weekly close blw 20k zone will see more pain and stronger fall as it will be 200 sma support broken. Can see level of 12-9k in coming months.
if that happens Bitcoin will be available in BITS and loose coins too.
More this is what happens when there are no real assets behind the financial instrument. When buying stocks you buy into the company profits and assets such as factories, plants, real estate holdings, patents, etc. when you buy bitcoin or any other crypto you are just buying into a belief that you would find a greater fool then you to sell this crypto for a higher price then you originally bought. But people get smart quickly from learning from each other and suddenly nobody wants to buy it from you at a higher price
15/05/2022
Gold on crucial zone watch now 1790 for now. If you are long stay cautious n keep your STRICT STOP LOSSES for safe trade. Weekly close 1811. Weekly low was 1798.
07/02/2022
Adani Enterpricese (Cash) Break below below 1695 will see sharp fall in the counter up to 1470-1440 zone. avoid bottom fishing on breakdown of 1695 zone. Cmp 1731.80 Thats ultimate support @ 1440 zone. Any 2 weekly close blw will see BLOOD BATH else turn around in the counter. Hence cover zone of shorts @ 1440=1470 level. Will short on break down below 1595 for now.
11/01/2022
BITCOIN CRASH ยป> I see bitcoin crash coming in next 6-8 months time frame cmp 41570 date 11.01.2022 It has given weekly close blw 41500 zone and broke this week lows too gave confirmation of break down. Now upside is capped @ 48500. any 2 weekly close abv 48500 will see reversal to upside which is highly unlikely as per pattern unfolded so far. Down side I m looking 4 Target of 25k (Quartet numbers-20k in next 6-8 months time frame. IF longs do protect your position with suitable stop loss for safe trade.
Paresh M Shah Paresh Shah COMMOTRENDZ
15/12/2021
Nifty CMP 17291 Date 15.12.2021 If able to hold zone of 17150-17130 for next 2 session can see again bounce back up to 17670-17720 zone. if shorts need to watch support zone. else can see counter move in the counter. Zone 17150-17130 is 61.8% of whole down move recent one to recent up moves i.e Nifty 16850 to 17688 zone. so far low seen 17217. As we are nearing end of wave 4 on 1 hr time frame. Although larger time frame weakness is there but on lower time frame bounce back expected. Hence caution suggested in shorts if any needed to be protected with STRICT SL for safe trade.
Paresh M Shah
14/12/2021
Do not take long in SILVER if trades below 21.80 cmp 22.06 can see sharp fall in the counter up to 20.80-19.60 watch longs
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