Review: Intra day Commodity and Bullion Predictions Aug 26

 

Summary of predictions: 4 of the 5 predictons were directionally correct. One was loss making.On these 5predictions  6 out of 7 strategies(buy/sell call on bth gold and silver)  were correct.( ( after excluding sell call on chilli futures in afternoon)

 

evaluation: See charts The predictions given below were folowed by specific buy/sell calls. of which chilli buy call was incorrect.( we overlooked a sell call given on chill in afternoon-see original prediction ).

 

Gold gave minor profits on one lot. Both siilver and gold after apeak in afternoon fell off but silver more so. spot prices fell more sharply than futures.

 

shorting pepper was most profitable.

 

Crude oil rose after our by call but did not meet buy price limits.

 

Prediction posted on aug 26

 

 

Intra day predictions for gold,silver,crude oil and spices

 

Gold and silver : Futures trade may be quite volatile for both gold and silver. Buy Futures if market corrects in morning for profits by afternoon. In late afternoon futures can be shorted as gold and even silver can fall towards end of day on MCX

 

Crude Oil: Uncertain: Call may be given after observing initial trade.

 

Red chilli:  Buy futures upon correction in morning. Trade may be volatile with possibility for profits by shorting in early afternoon .

 

Black Pepper: Volatile trade. Buy futures in morning only upon correction. Better strategy may be to short if first gives profits in early morning itself

 

Disclaimer: Predictions carry risk. Your are responsible for any losses/profits as a result of these predictions