The Commodity made a double bottom at the support on intraday basis and a breakout was seen and the target was met during the day itself. The commodity is trading near its Resistance Zone.

Tommorows opening can play a major role, if the commodity opens above the Resistance line, wait for the commodity to trade below the line which will be a support line if the commodity trades above.

The Rsi has shown divergence on an intraday basis, MACD is flatten,a crossover ahead can help in predicting the move.

Advice : If the commodity open below the resistance line Sell

Selling Opportunity

Aug 01 2021

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