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Commoditysignals

SILVERHello & welcome to this analysis Since May 2024, Silver (Comex) has surpassed $32.5 only once and failed on 4 attempts (including Fri - 14th Feb). Silver (MCX) has surpassed 96500 only once and failed on 3 attempts (one less due to $:INR impact). Is this setup a complex H&S in the making (multiple shoulders)? I have my doubts on that because the weekly and monthly patterns are of a cup and handle formation with the latter in the process of currently shuffling out weak hands. A daily close above 32.50 / 96500 would lead to a strong rally. Strong support now at $31 / 93500 Medium to long term view bullish, short term volatile - waiting for breakout Regards
OANDA:XAGUSDLong
by Dinesh_C_Nagpal
Gold Trade Idea Gold Update - Since my last post Gold did follow my plan and led to a significant move to the upside. - Remember we don't trade any patterns my conviction was based on merging Fundamentals along with technical analysis. - The Global Scenario for gold looks bullish and commodities overall will remain bullish in a market where we have chances of the war getting escalated. - DXY too will be important to be observed before trading Commodities because DXY has stayed calm since 3 weeks. - Trading aggressively this week will only result in leaked gains and losses. - The mentioned Red Zone will be an important area to catch a gold short ONLY if you see a good rejection or else let it hover around. (2100-2150 is a strong supply zone).
FX:XAUUSDShort
by VKtradesimbalance
Cup & Handle Pattern Breakout Seen in Guar GumHello Guy's, i have brought analysis for Commodity lovers on Guar Gum. Chart is clearly showing a Cup and Handle breakout on daily timeframe and it is supported by rising volume. MACD is sustaining above zero line and has formed a bullish crossover. All these observations are seen in the daily timeframe chart. A long trade can be taken in this Guar Gum for healthy upside. Well i have written everything on chart, but still writing here. Important levels in Guar Gum:- Buy between in the range of 13300-13000 levels. Targets we can see in upside 14078/15166/15836. Keep stop loss at 12538. Bullish Crossover in MACD supports the bullish view. So, Guy's according to Price action and MACD bullish crossover, a rally is expected towards 15000+ levels. So trade accordingly. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thankyou.
NCDEX:GUARGUM5Long
by TraderRahulPal
2
MCX Natural Gas – Impulsive Wave SetupA new impulsive structure has emerged from the low of 265.5 in natural gas. Price has accomplished wave (5) and started the zigzag correction at 801. Currently, Natural gas is forming sub-wave 5 of impulsive wave C. Natural gas has also broken down 200 EMA and the base channel of 2 – 4 wave, which signals bearish momentum. It has faced strong support of 515 , but the price didn’t respect the level and ended up losing bullish momentum. Wave C has traveled the same distance as wave A. Hence, Wave A = Wave C. If the price sustains below 516, traders can trade for the following targets: 486 – 462 – 440 . I will update further information soon.
MCX:NATURALGAS1!Short
by forextidings
8
EWT - MCX Zinc Is Ready For Its Final Impulse MCX zinc has been forming the corrective structure in descending channel for more than 28 weeks. The ending point of impulse was 383.55 . At present, MCX zinc has accomplished the corrective wave ((B)) and started forming sub-waves of the impulsive wave (C). Price has completed 78.6% retracement, where wave A = C at 217 . Zinc has accomplished wave (4) of wave ((C)). Wave ((C)) retraced 61.8% of wave ((A)). Zinc is trading below 50-day EMA , and RSI is above 30 . Zinc will try to test the price hurdle of 267 , so traders can sell zinc nearby 267 for the following targets: 252.6 - 246 - 244. Target measurement using the Fibonacci relationship: Wave (5) of wave ((C)) can end near 161.8% reverse Fibonacci retracement. Wave ((C)) can occur near 100% extension at 217 , where wave A = C . Wave ((C)) can cease to exit at the lower band of the parallel channel. I will update further information soon.
MCX:ZINC1!Short
by forextidings
1
Natural Gas Support and resistance level for 23.08.2022Plot the the levels in your chart. Draw fib level from support and resistance. Please refer previous day chart for fib level. Fib level range should be 9 am to 11:30 PM. If price crosses fib trendline(Dash line) will consider as upside break out. If price reject from there will consider to fall below. if one support or resistance line broken maximum target will be 1.272 or 1.1618 fib level. Moving above 1.618 fib level is very rare scenario.
MCX:NATURALGAS1!
by AATHIE
⛽ Crude OIL Traget MCX MCX:CRUDEOIL1! Here We Are Using Harmonic For Target, it's A Unique Way To Use Harmonic, Long Above previous candle high stop loss already given on the chart. Trade as per your trade setup. As we are just adding quantity, our holdings from very low levels. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
MCX:CRUDEOIL1!Long
by linesandlevels
3
COFFEE - Wide Awake Hi all, I am here again to give you something valuable:) Observed the coffee future chart which is trading in the multi year resistance zone. This is the fourth time now that it is into that zone and owing to increase in the prices of other commodities it may break the resistance this time. Stocks of FMCG segment will benefit from it. One stock which I see benefitting from it is TATA COFFEE. I will post the chart of it soon, till then do your own due diligence. Happy Learning!
ICEUS:KC1!
by Ankit_Oberoi
MCX SILVER- Forecasting The Future MoveHere's the daily chart of the MCX SILVER. It started to rise from the 18th of March 2020. But currently, it's moving downside. It's a short time fall. After the particular level, it will start to move upside again. It may fall up to the support. And from that point, there will be a reversal in the trend. Targets for the future upside movement of the trend are the following 66000 - 69600 . But if it falls by crossing the support, then it will hit the 57900 . After hitting 57900, there will be a reversal in the trend. If the trend crosses the 57900 , then this level will react as the hurdle. The targets for the downside movement are the following 55930 - 55000 .
MCX:SILVER1!
by freestocktips
2
MCX Natural Gas Long-Term Outlook - Target 300+According to this chart, MCX Natural gas is further advance. We may see the following levels after a reversal. Targets: 234.6 - 263.9 - 305.6 Intraday traders can run with 20 & 50 MA crossover. And long-term traders should stick with 200 MA to maximize profits. Significant releases or events that may affect the movement of natural gas on Wednesday, Oct 28, 2020 : 02:00: U.S. API Weekly Crude Stock 20:00: U.S. Crude Oil Inventories 20:00: EIA Weekly Refinery Crude Runs 20:00: U.S. Crude Oil Imports 20:00: U.S. Cushing Crude Oil Inventories 20:00: U.S. Gasoline Production 20:00: U.S. Heating Oil Stockpiles 20:00: U.S. Gasoline Inventories
MCX:NATURALGAS1!Long
by freestocktips
1