Silver going for 72000+ ? #silverInverse Head and Shoulder pattern formation in Silver commodity.
Potential targets 72000+.
Commoditytrading
Silver Daily Gann Chart Pointing HigherCurrently, silver has jumped back into the uptrend area. It has also broken the parallel channel in the last trading session. But, the buy is not confirmed yet. The uptrend can be resume if it remains above 0.618 of retracement level and 3/1 & 8/1.
If that happens, then you can buy for the targets of 63900 - 65100 - 65960 - 68454.
What happens if it's fake-out? That's a straightforward scenario on the above chart. MCX silver futures will come under the control of sellers in the downtrend area. It will fall nonstop for the targets of 59960 - 59400 - 58600 - 55765.
Zinc possible targets 260 to 280The chart structure shows a strong bias toward the upside.
Most likely zinc is just starting to show initial signs, yet it's a fairly strong indication of higher side move.
As long as it continues to stay above the breakout level, & closes above 238, the probability of higher levels seems fairly strong.
At this point of time, targets of 260 to 280 seem be doable.
The upside view gets invalidated, if the breakout fails and zinc starts to close and sustain below 232 levels.
Unlike stock charts that I typically study, the volumes here are not very helpful in understanding the breakout better.
Due diligence advised. This view is purely for study purposes.
CRUDE OIL RETEST GO FOR LONGMX: CRUDEOIL1!
crude oil break resistance and take retest support go for long
Crudeoil to continue upsideFresh Positive Reversal on RSI - Crude rise to contnue - Also check today 1/ 4Hr candle Morning star & Bullish Engulfing.
Sell Copper with a Stop Loss of 731.20Sell copper near ₹ 727 with a Stop Loss of ₹ 731.
I analys Indian commodity market on a regular basis. I just earned 4800 points in SilverM, 2400 Points in GoldM and 240 Points in Crude Oil, however i wrongly entered in short position in nifty that made me some losses. But i believe losses are part of good trades.
Silver-Head & Shoulder pattern
-High of $ 30 tested in Feb but could not conquer.
-Black trendline from last Oct could be the last saviour.
Though I doubt that because eGold is also showing signs of short term bearishness.
T A R G E T : $ 19 (Dec 2021)
Natural Gas - 250 or 320 next week ??Natural gas is at crucial levels.
Rising wedge formation can be seen on weekly TF.
2 Doji weekly candles can be seen at resistance levels, if breaks 284 on daily candle close then can expect more upside, else looks probable to come down to 250 levels
P.S. Wait for Daily candle close breaching 260(downside) or 284(upside)
CRUDE OIL: Bearish for short termAfter an impulsive fall, crude oil is looking weak & vulnerable to break the recent low. One should go short on crude oil on current levels with SL of 74.9 & look for the target of 70.5-70.2 $ area.
SILVERMIC | Flag and wedge breakout occuring - 4000+ pointsSILVERMIC | Flag and wedge breakout occuring - 4000+ points
CMP : 67490
SL : 66400
Target : 71600
Almost 1:5 risk reward setup
Please try only in SILVERMICRO.
Upward ChannelCan it hold these levels, a steep upward channel is made with support at CMP, if it holds then stay cautious and look for shorting opportunities later on. If it breaches then sell immediately
Bullish Falling Wedge spotted Wait for the breakout to enter long for intraday only. 2:1 reward ratio.
Aluminium LongAluminium Long- Awaiting entry (If long entered - will be cancelling the short trade - previous idea published)
Entry around 173.2-173.25
TGT1: 174.5
TGT2: 175.65
SL: 172.75 (0.5 Points)
COPPER (26th FEB 21) Above 644.50, May Move Upside Till 647-652 On the Daily Chart copper is looking strong and also it has shown small profit booking in the morning session now if it will shift above 644.50 then it may go upside till 647 and 652. Low risk trader can go long above 644.50 with stop loss of 642.20 and safe stop loss will be day's low 641.50.
SILVER POSITIONAL LONGPOSITIONAL LONG WITH CONFORMATION
CLOSING ABOVE (DAILY BASIS)
68686 GO FOR POSITIONAL LONG WITH SL OF 66604
********VIEW ONLY *********
NATURAL GAS analysis current contractlevels mentioned in the chart.
just started commodity trading thats why I posting commodity chart
we can learn together guys.
I am also just started...u can ask me any doubts.if i know i will tell u okay
keep supporting guys
short term equity calls+multi bagger call are coming mean working in background.
will post.okay thanku guys
Crude Oil-current contract analysislevels mentioned in the chart
if u want learn commodity trading.
just start with(just follow) only one commodity.this it better optoin for making money from the commodity market.
Nickel (MCX) is Ready to Give Fresh Breakout RallyAscending Triangle with Consolidation at
Resistance Level (Breakout Level ) with Increasing Volume in Green Candles
Crude Oil-current contract for the daycrude ready for a breakout....u can watch..may give good movements....entry and exit are mentioned in the chart...if u have any doubt comment.
please like&support
