Copper in a downward channel, go short below 327 mark

Enter short below 327

Study the attached chart carefully. Since yesterday fall, copper price is moving in a downward channel, it sustained within the channel for whole day today. You can see second last candle, attempt failed to cross resistance line of the channel placed near 330 and it returned back in channel. Now price is 329.55 mcx. Looking @ the chart structure, it should come down towards 323 to 324 , where it will get support from the support line of this channel. Take positions only after price break below 327 mark, which is now support.

Make your study carefully and then trade, use sl for protection of capital. Wish you happy trading.

Update 4th aug 2016

 Nothing to say in words, today's chart is attached here. 

NG intraday chart levels

NG just broke intraday resistance before inventory comes in.

Look @ NG, zooms up 

As said in the last analysis on NG, it is in expanding triangle, which is bearish sign. But 2 the end of that analysis i said," NG is weather sensitive commodity on demand side." Result is here. Read my last post on NG carefully, visit the given link and read weather related article. Thank you .

Gold broke resistance of 31151 upwards & entered in bullish zone.

Gold in bullish zone

As seen in attached hourly chart gold price broke the resistance of 31151 & sustained above it. Next resistance is placed @ 31341 around. Now 31151 mark will play as support as rule of polarity. If gold break R2 it can zoom up to 31800 around.

But looking @ steam of upmove , chances are bleak that it can spike up to 31800 level. Bull power indicator is placed around 200 and maintaining itself above 0 mark.

Trade according to given levels, use sl to protect capital, wish you happy trading.