Now Its Time to Sell Crude Oil at 6100 Target 5970 and 5845
MCX Gold looks to breakout the upper trendline which can cause a short term rally. But the overall picture is bearish as the longer term trend is broken in the downside in the previous weeks.
Tata Coffee Breakout on weekly chart Weekly RSI heading towards 70 zone Daily chart is also looking good Daily RSI 64 above 220 can touch 240++ SL 205 closing basis
TECHNICAL ANALYSIS In October 2018, Crude Oil prices touched the level of ₹ 5600 on MCX but after that they sharply fall to ₹ 3000 same year in December. Further last year during the lockdown crude oil fell to ₹ 1100 on MCX in April 2020 and rose to ₹ 5600 this year in July 2021. Journey from ₹ 5600 in Oct 2018 to ₹ 3000 in April 2020 and again to ₹ 5600 in...
Silver needs some patience for entry. Either on Test of Rectangular Area OR Trendline Break. Enter basis Daily Charts
Strong COT dat and RSI favors longs in copper. Comments on Charts.
Crudeoil is on a strong uptrend. Good buy on a dip on daily charts. COT Data still strong. Comments on chart
Cotton may be ready for 135-140 on a retest of 95-97 region. Comments On Chart
COALINDIA me ek head an shoulder type sa dikhi rha hai aur daily time pr hammer type se hai ,
gold currently facing resistance at 47300-47500 and trying to breakout this zone and volume higher than 21 DMA keep this in your radar with SL as support zone
NMDC has Channel BO. Price come down to Re-test channel support near 122-128 before rise .If come down to 122-128 can buy for reversal targets 184,213 and 254 in 3-6 month view.
Metal index may open Gapup for 1 more day but anyhow it will have to come down so Shorting may be beneficial for short term
Silver MCX looks promising at this level After several attempt to break trend-line it is once again at the level, RSI crossing 50 levels If breakout occurs and stays above the Resistance we may see level around 63100-64800. However if failed, reversal happens from this level! then nearest support will be around 59950-58890. Thanks
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (22.66). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAGUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
This is my view of CRUDEOIL. This is not investment advice.
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1765.5). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XAUUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic...
Gold has possibly completed its complex correction in wave II and now it looks like wave III is unfolding, today it has given breakout from the down sloping resistance trendline, along with macd positive crossover and uptick in daily time frame, other indicators are also giving positive signs of uptrend at breakout point, as wave III unfolds, gold can possibly...