Gold Futures - INTRADAY (Commodity Breakout and retest)Gold breakout wedge pattern in 15 minutes timeframe and it re-test the reistance line now. We enter into this trade now with SL below black line (Candle close below black line).
Commodity
CRUDEOIL SHORT SETUP !!MCX:CRUDEOIL1!
Good to short below 6026. (Wait for 5mint candle to close below 6026)
Targets :-
Level 1, 5960
Level 2, 5920
Level 3, 5837
Achievable targets are mentioned in chart as well
👉🏻 @thetradeforecast 🇮🇳
A inverse HEAD & SHOULDERS Set-up - NATURAL GAS MCX:NATURALGAS1!
Good to long above 189. (Wait for 5mint candle to close above our Entry level)
Support (SL):- 184
Targets :-
Level 1, 193
Level 2, 195
Level 3, 197
Achievable targets are mentioned in chart as well
👉🏻thetradeforecast 🇮🇳
CRUDEOIL TRADE SET-UP, 6TH SEPTEMBER MCX:CRUDEOIL1!
Good to short below 6440. (Wait for 5mint candle to close below 6440)
Targets :-
Level 1, 6370
Level 2, 6340
Level 3, 6300
Achievable targets are mentioned in chart as well
👉🏻thetradeforecast 🇮🇳
Castor Seed FutureCastor Seed Future change and creating opportunity for fresh new trade in weekly time frame.
Good consolidation near 200 EMA of weekly time frame.
Silver at Strong Support Level: Ideal Buy with Targets up to 12Silver has a level that is a strong potential support. Personally, I have been waiting for a retest of this level (87580) for quite some time. It is advisable to buy at this level.
From here, potential targets appear to be 96400, 100900, 102700, 106500, 120000, and 125000.
Vedanta for 100% gainFor investing/trading in metal companies, one needs patience as hard. On weekly charts, the stock seems to be in Wave 3 which is heading towards 800+ that is also the 1.618 fibonacci level as seen in the chart. In the current run up, it may go up another 5-10% (around 440 levels) before hitting a Wave (II) correction towards 350-325 levels.
Please note there are a few assumptions with which these levels are arrived at. In case of deviation in the route to its target, those assumptions are altered. You can avoid all panic if you manage your positions well.
USOIL is ready to rockUS Oil is at important zone formation of pole and flag pattern.If this sustain then we can see a good move. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature
Natural Gas is getting ready for 100% move on the upsideNatural Gas has fallen 60-70% from the upside
Now NG is near long term support which is coming around 110-120
One should not miss this opportunity to BUY
Also RSI is also near to its weekly support
It is double confirmation from price wise and also from Indicator wise.
We can expect prices to rise upto 220-240 levels.
YES, That's almost 100% from current prices.
14 Years Cup BreakoutNational Aluminum Once Again Attempting to Break Resistance of 141.60
Stock Should Close Above 141.60 Levels on Monthly Timeframe for Next Rally
Keep in Watchlist
Expecting a Upside rally in Crude OilI am expecting a Upside rally in Crude Oil in next 2-3 months. The reason is after a big dip now Crude Oil is taking support at a Major support level and forming W pattern.
9500 to 19000| Turmeric's Resurgence Sparks New Trading Buzz!Turmeric has emerged as a notable script in recent months, experiencing a substantial rally from 9500 to 19000. This impressive performance has reignited interest in the commodity. Presently trading at Rs 12500, a level significantly below its recent high of Rs 19500, Turmeric has garnered renewed attention.
Our strategic trading plan involves closely monitoring Turmeric's price action. Should it find support within the range of 11590 to 11860 , we are inclined to consider an entry point. In this scenario, our stop-loss will be set below 10300 to manage risk effectively.
We invite you to stay tuned for further updates as we navigate potential opportunities in the Turmeric market. Your continued engagement is valued on this exciting journey.
Best regards,
Rahul Khandelwal
WEALTH BY TRADE
Unlocking Opportunity: Soybean Oil's Reversal Sparks InterestSoybean Oil Futures Analysis:
Current Price: $52.71
Soybean oil has consistently been an appealing asset, having traded near the year's high just six months ago. Recently, the commodity experienced a notable downtrend, dropping from $64.80 to $48.01. However, a modest upward movement is now observable.
Upon closer examination, we identify a change in character within the market dynamics. We are strategically considering a buy position for the oil script, setting a risky stop loss at $50, and a broader stop loss at $48. Despite existing chart resistance, our expectation is for the price to reach $60.80 and beyond.
It's important to note potential resistance points, as indicated on the chart. Additionally, should the price manage to breach and sustain $64.80, a significant and sustained rally could unfold over an extended period.
Please be aware that this analysis is for informational purposes only and does not recommend replicating the same trading strategy.
Happy Investing!
Copper MCX | Waiting for the BreakoutCopper MCX: We're currently witnessing Copper in a range-bound movement, specifically within the 695-720 range. This zone doesn't offer a clear trading opportunity as of now.
To avoid potential traps, it's crucial to wait for a breakout and a sustained move beyond this range before considering any trade. Breakouts often signal a change in market sentiment, so patience is key.
For those who prefer more aggressive setups, there's a slightly riskier approach: consider selling near 720 and buying near 695. This approach carries a lower risk, but remember to manage your trades cautiously. Stay informed and trade smart!
Gold MCX Short Opportunity: Key Levels to WatchPotential Gold MCX Short Setup: A short position may be considered in Gold MCX if the price falls below 60620, with a stop loss set at 61150. Please note that this trade setup is only valid if the price does not breach 61120 before activating the short.
Disclaimer: Trading involves risks, and this is not financial advice. Always perform your own analysis and risk assessment before making any trading decisions.
Gold MCX: Trading in one thousand-Point RangeGold MCX has settled into a range, possibly confined within a 1000-point zone, specifically between 60125 and 61125 . It's prudent to exercise patience and await a decisive breakout from this range before considering new trades.
Stay connected for forthcoming trade ideas.
Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct thorough research and consider your risk tolerance before making any trading decisions.
Short the SILVER(XAGUSD).Elliott wave analysis:-
Impulse wave formation has been formed.
1,3,5 wave are impulse and the 5the wave was an Ending Diagonal. .
if this wave has not broke above the 5th wave then we can go for short at CMP.
stoploss@22.24201
if pattern failed then we have to wait and watch the wave formation.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
TRIANGLE breakout in SILVER (XAGUSD)Elliott wave analysis:-
View 1:-
if it is a BULLISH triangle then it will break upside and the entire pattern next to w) wave is TRIANGLE X) Pattern.
View 2:-
If X wave was flat correction then a) wave was completed and b) wave was a BEARISH triangle and C wave has to break downside and the target will be same size of a) wave.
i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
VEDANTA LIMITED - A POTENTIAL 5X IN NEXT 3 YEARSClearly visible sentimental extreme on Vedanta Limited - followed by a story of demerger (the knight in shining armor).
Another great signal is a strong bullish engulfing pattern into the closing today.
Long-term wave count:
Stupid as these may sound but we have a potential target of 1500 on this stock - may be higher.
UK100 (FTSE) - LIKELY TO DO A THIRD UPWARDS?UK100 has a clear 5 wave up from COVID-19 lows.
This is either an ABC pattern or a five-wave impulse. In either case, we should anticipate a significant move. Such big moves sometimes come after sentimental extremes or events - which is much awaited.
If this transpires, would be led by a commodity-led rally, which would in turn imply a weak dollar, loose liquidity, and high inflation. Let's keep a close watch on this.
Breakout or Breakdown SoonThe triangle pattern is set to ng and make a strong movement n next few days
