Mcx_Advisory Profile

Latest Blog Posts

• Gold Update
  on Mar 25, 2012 in Gold
  Strong closing this week. If you notice gold futures have made a double bottom on the daily. They are also taking a lot of time to move north , which is a good sign . The more the consolidation at lower levels the stronger is the base it will form pr...
• Natural Gas
  on Mar 25, 2012 in Natural Gas
  The first target I had mentioned missed by a whisker since the high 2.406. Anyways buys on dip is the strategy for NG now and 2.477 is still on the radar with 2.504 up next.
• Natural Gas Action
  on Mar 18, 2012 in Natural Gas
  There is a alot of divergence on the Natural Gas futures on the daily and especially the weekly charts. For the immediate look at 2.414 ,  if that holds we head to 2.494 and then a strong resistance at 3.1. ...
• Gold updates
  on Mar 18, 2012 in Gold Futures
  Gold heading to 1681 for now. That is the immediate target. Once that is reached i will update further.
• Gold behaves as predicted
  on Feb 5, 2012 in Gold
  Last Sunday I had written about expecting gold to retrace before it continues it's move north. Is the correction finished ? Difficult to say . There's a lot of commercial shorts which have been built up the last week. Furthermore , the retracement h...
• Different Choices- FOREX
  on Jan 31, 2012 in General
  For all those who are in the Stocks and Commodities markets... a bit of advice ... try Forex.. far less manipulatable ( I know that's not a word !! ) .. and far more relaxing ... since its a 24 hr market... there are a lot more advantages...its a slo...
• Gold's Seasonal Variations
  on Jan 30, 2012 in Gold
  I just came across a site which records the seasonal variations of gold and has plotted them on a chart since 1974. Worth keeping an eye on. The link is here.
• Gold to retrace
  on Jan 29, 2012 in Gold
  Ok here's the update on gold. It has broken out of the weekly channel and ended at the high of the day on friday. But for it to continue going up it needs to retrace back to the broken trend line before continuing north. This is also borne out by...
• Update on S&P futures
  on Jan 29, 2012 in General
  Hi people. I have been travelling quite a bit and been involved with things at home so haven't been able to update regularly. Just saw the charts of S&P futures and something caught my eye.   If you see the chart attached you will notice n...
• Crude Easing off ?
  on Jan 29, 2012 in Crude Oil
  Have a look at the weekly crude oil futures chart. For the last 5/6 weeks we have been sitting on the weekly trend line drawn from the high on 01 May 2011 to the lower high on 13 Nov 2011 and have not been able to go pierce that on the upside convin...
• Natural Gas Reversed ?
  on Jan 29, 2012 in Natural Gas
  Natural Gas futures are beginning to show some signs of reversal. A big bullish engulfing is the weekly close alongwith positive divergence which is a good sign. The first hurdle is 2.952 which once crossed would lead upto 3.062 , 3.146 and then onto...
• My Absence
  on Dec 17, 2011 in General
  Hi folks... I have been very busy with work and personal issues and have not had much time to update the blog. The markets have had a nice fall and there's bearishness in the air. The TV people are talking about it too. And that gets the bells ringin...
• Something which touched a chord
  on Dec 17, 2011 in General
  Here is Taps played in its entirety as rendered by a 13 year old. The original version of Taps was called Last Post, and was written by Daniel Butterfield in 1801. It was rather lengthy and formal, as you will hear in this clip, so in 1862 it was...
• Precious Metals Updates
  on Nov 18, 2011 in Silver Gold
  Nice fall there people yesterday. Though it started just after I wrote so I wonder how many of you caught it. Anyways. Both precious metals in unconfirmed long right now. Gold from 1725 levels  with SL as LOD and Silver unconfirmed long from USD...
• Precious Metals moving into short territory
  on Nov 17, 2011 in Silver Gold
  OK...people silver is showing signs that its reversal is complete. Yesterday the bulls were fighting to defend the USD 33.86 levels. Today that level has moved down some what. So unless we get a close above USD 34 , silver is to be shorted on rise. L...
• Natural Gas Action
  on Nov 17, 2011 in Natural Gas
  Come thursday and its NG futures day. They have taken quite a beating the last two weeks that i have been away. I have not read any news neither have I read anything about NG futures. So what I am going to write is pure technicals. My system tells me...
• Manipulation in Indian Markets
  on Nov 17, 2011 in General
  I read a very interesting article today. No wonder people get screwed . Read on http://www.bullscap.com/blog/swimming-against-the-current/...
• Crude Oil
  on Nov 17, 2011 in Crude Oil
  There was no reason for crude oil to have shot up so much yesterday. It did catch me totally unawares and had my stops taken out. But today I was back with a vengence when I saw how divergence had set in on higher time frames. IN any case , I see no...
• Crude Oil Futures
  on Nov 16, 2011 in Crude Oil
  Crude Oil futures have had a good run up to 99.82 and then 99.74 levels. But in line with the S&P futures they should not be headed down. The chart on the left is a 4H crude oil futures chart. Crude has been moving in an upward channel . The os...
• S&P Update
  on Nov 15, 2011 in General
  The high made on 27 Oct still stands. Oscillators looking a bit tired. The 5/15 and 30 min charts show some divergence which should pull the S&P futures upto 1246-50 levels ( currently at 1241). But , the bigger picture shows bearishness. The...

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