The commodity is at its oversold zone. We can expect buying pressure coming ahead if the commodity closes above 32.30

We will take trade once the commodity closes above the mentioned level, and can hold till the commodity trade near the SMA of BB.Once the commodity closes above the SMA we can expect it to trade higher till the upper band.

The Momentum is -1.33, if the commodity closes above the mentioned level we can expect the momentum indicator to trade near 0 or above 0 as well.

The commodity is trading near the lower band of BB and as per BB trading rules we can take entry at this level.

We will be double sure that instead of taking a risk we will enter only if the commodity closes above the mentioned level.

Buying Opportunity

Aug 13 2021

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