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If You Own MCX Copper, Look Out Below MCX Copper is playing under a parallel channel. Currently, it's at the support trendline. Additionally, there's a Fibonacci retracement value of 0.886 . The best trading strategy for the day traders is: According to a moving average and parallel channel's support trendline, copper is strongly bullish. It can show us an all-time new high before the end of this month. So, the day traders can buy for the levels of 536 - 540 - 556+ . Important - Due to the election of the USA. From where it starts collapsing? You can sell the copper at/below parallel channel or Fib retracement value 0.886 for the targets of 516 - 506 .
MCX:COPPER1!
by freestocktips
7
Gold & Gold Guinea Tips & Updates - PROFIT 1,30,100+Gold has started rising from U.S. Presidential Election. I have said in the previous newsletters, bullion sector commodities are strongly bullish. How many of you bought Gold and Gold Guinea? MCX Gold Measured Moves I had written for the intraday traders that, " ...the day traders can follow the following targets: 51000 – 51360 – 51860+ And short-term investors can hold for 52000 – 53000 – 53560+ levels". Intraday Calls Profit: Rs.116100+ /lot Short-term Calls Profit: Rs.1,30,100+ /lot Gold Guinea price setting up for a big rally I had written in bold word, "... intraday & short-term traders can buy using this strategy to make some money. Targets: 41800 – 42200 – 43000+". Profit: 600+ Points /lot
MCX:GOLD1!Long
by freestocktips
MCX Gold Measured MovesGold has made a Doji in the weekly chart. It's a direct sign of a reversal. And wherein ADX is less than 25 but +DI above the -DI . Additionally, the 20 MA line is trying to stay downside. In short, DMI & MA is throwing a strong upward signal. Moreover, its volume is increasing. This week, we have chances to see gold prices above the 51860 levels. The day traders can follow the following targets: 51000 - 51360 - 51860+ And short-term investors can hold for 52000 - 53000 - 53560+ levels. All you need to do is watch out for a dynamic support trendline . It should remain above it. Else , it will start falling. And that downfall for the levels of 50000 - 49600 - 49360 . Significant releases or events that may affect the movement of gold: Monday, Nov 02, 2020 11:00 - Gold Index Tuesday, Nov 03, 2020 05:30 - U.S. Presidential Election Wednesday, Nov 04, 2020 02:00 - U.S. API Weekly Crude Stock 21:00 - U.S. Crude Oil Inventories
MCX:GOLD1!Long
by freestocktips
2
MCX Gold Guinea price setting up for a big rallyU.S election result will come soon. Today, we have chances to see solid movements in MCX's bullion sector commodities. And Gold Guinea crossed 50 MA upper side. Intraday & short-term traders can buy using this strategy to make some money. Targets: 41800 - 42200 - 43000+ If it closes below 50 MA , then don't hold your position in loss. I prefer to exit after it. Do you want to know about MCX Gold? Go here: Today, I'm going to update a detailed report on COPPER.
MCX:GOLDGUINEA1!Long
by freestocktips
Crude Oil Price Setting Up For A Downside Price RotationFirst, let's talk about the previous update of crude oil. There, I have drawn the symmetrical triangle bearish pattern on the hourly chart of MCX's crude oil. I had written for the day traders, " ...the last expected stop is at E. So, we may see crude oil at/below 2840 – 2820 level ". THESE TARGETS HAS REACHED. And for the short-term traders, I had written in bold words, " this symmetrical triangle base range is 378 points. So, the game will begin whenever crude oil will breakout the triangle pattern. Downward breakout’s targets: 2610 – 2500 – 2460 ". Crude oil has touched the first target ( 2610 ) by making a low of 2606 level on 29 Oct '20. Now let's come to the point, will crude hit the second & last target or not? CRUDE OIL DOWNSIDE BREAKOUT ALERT! If crude oil prices break out the 2600 level, we will see 2540 - 2500 - 2460 levels before the weekend. Please note that don't sell it above the 2600 level. I have updated significant releases or events that may affect the movement of bullion & the energy sector commodities here:
MCX:CRUDEOIL1!Short
by freestocktips
3
MCX Nickel Double Top - Potential ReversalAccording to this chart, MCX Nickel is making a double top chart pattern. It's at risk of a bearish trend after double top formation. Wherein the first top at 1158.4 level, and the second top can be between the range of 1160 - 1176 . If it's a second top, nickel will make a large false break pin bar here. That might be up to the 1176 level. Afterward, the short-term traders can sell it for levels of 1106 - 1076 and below. Wait for the right entry-level, don't sell above 1160 level. Here I have drawn a neckline as a support trendline to get an accurate exit/entry point.
MCX:NICKEL1!Short
by freestocktips
1
MCX Crude Oil Hourly Charts In-Depth AnalysisFOR THE DAY TRADERS: MCX Crude oil has made a symmetrical triangle pattern, and that indicates a bearish continuation. At present, its price is moving inside the triangle pattern. That's a consolidation area. The prices will keep playing sideways here. Intraday traders can sell or buy based on control price. The last expected stop is at E. So, we may see crude oil at/below 2840 - 2820 level. FOR SHORT-TERM INVESTORS: This symmetrical triangle base range is 378 points. So, the game will begin whenever crude oil will breakout the triangle pattern. Upper breakout's targets: 3130 - 3200 - 3280+ Downward breakout's targets: 2610 - 2560 - 2460 Beware to tail, fakeout, and excess.
MCX:CRUDEOIL1!
by freestocktips
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
Gold Spot vs MCX Gold - Weekly Reports & TipsHere I have compared Gold Spot (CFD) with Indian MCX Gold to identify this week's trend. In the chart, there are two different support levels. Wherein support level 1860 is for gold spot, and 49260 for the MCX gold. I have used moving average and volume on Indian gold. At present, 50 MA is turning downside. If it breaks the parallel channel (PC), gold will fall for 50000 - 49860 - 49500 levels. According to this chart, gold is trying to climb upward after hitting the PC. And if it remains into the PC, we may see 51000 - 51500+ levels before the weekend.
MCX:GOLD1!
by freestocktips
Aluminium - ADX & Fib Retracement Reverse signals & analysisAt present, MCX aluminium playing on support trendline and drilling upward. Its volume is spiking 2X compares to average volume. Each spike is turning the existing trend. And moving average has tried to cross 50 MA with 20 MA but failed. That indicates continue uptrend ahead. According to ADX & Fib retracement, the bullish trend will start after a crossover ADX value of 25 until intraday traders can keep selling Aluminium for the targets of 150.6 - 149.6 . What happens after ADX > 25? Aluminium will start moving upside for 154 - 156.6 - 160+ levels.
MCX:ALUMINIUM1!
by freestocktips
MCX Silver's Next Target 65200 by the Elliott WaveHere, I have applied Elliott wave , moving average , volume , and MACD . Wave 4 can be steady or sideways for a while. Overall, silver is in an uptrend. Safe investors can buy silver at wave 4 for the following levels: Intraday Targets: 62100 - 63300 Positional Targets: 64260 - 65200 At present, moving average and MACD throwing upward signal by crossover. Technically, multiple volume spikes are a great sign of a bullish trend.
MCX:SILVER1!Long
by freestocktips
6
Can We Expect GOLD Price Above 56000 again?According to this chart, gold is reversing downward after making an all-time new high of 56191 . Its support level is 53800 . You can take this level as a hurdle too. We may see a correction up to this after the breakdown of DR. This dynamic resistance will initiate buying pressure for a short period. We have chances to see 55600 (T1) to 56000+ (T2) levels. Moreover, for short-term investors, I don't recommend selling the gold until the breakout of my support. Intraday traders can enjoy price fluctuation, consolidation, and sideways movement.
MCX:GOLD1!
by freestocktips
MCX Silver Complex Big PictureIn the last trading session, silver has gained +361 points. As we updated in previous newsletters, silver is flying with gold. Silver wings may cutoff after breaking out 60,000 levels and may fall till a hit of control price line. Hence, this breakout will lead the prices 59,000 to 58,000 . Don’t forget to keep your eyes peeled at 5 MA (orange). Currently silver is running above 61K. As per this 4-hourly chart, we can expect continuous uptrend for the levels of 62,000 – 63,360 – 65,000+ . It could keep pushing upward until a crossover of 5 MA and 2 0 MA (blue). Further information I will update shortly.
MCX:SILVER1!
by freestocktips
3