Friday, March 9, 2012

COMEX CRUDE , COMEX GOLD, SPX

COMEX CRUDE
 Crude has been achieved my previous TGT. near 110 levels . but at this time i am just looking for lower rising trendline which is giving support if it breaks after small pull back rally then we could see near 90 levels in short term to compeleting of entire ABC wave pattern . if not then could see rising pattern after got support near lower rising trendline . But according to Commodity charts, equity charts are indicating it should touch 90 levels.

COMEX GOLD
 Gold chart indicates very very interesting pattern . But i think it should be bottomed near 1650 to 1670 levels due to completed ABC wave as i think . if it goes above 1790 levels then could see 1880 or 2200 levels in very few days.
SPX
Equity market looks very strong due to 5 wave pattern .and i think price line should take action in ABC wave mode which is corrective of small 3rd wave impulse wave pattern then could see rising pattern.

Tuesday, March 6, 2012

NIFTY , COMEX COPPER

Nifty  
I think nifty should touch near 5000 levels in 5 wave pattern to completing of 4th wave then may touch near 5600 levels after got confirmation for uptrend . But at this time 5400 level indicates as a strong resistance point for bearish pattern 
 
Comex Copper
Free fall pattern indicates bearish should countinue till the levels of 3.60 or in LME near 7950 levels