According 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...
FOR 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...
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...
Here 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...
At 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...
Here, 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...
MCX gold overall trend is upward. The position can be initiate at 52360 . It will keep moving upward after consecutive closing above to the control price. And we may see prices at 53000 - 53660 - 54000 - 54600+ levels. Don't forget to follow the control price (CP). If gold breakdown CP, it may fall for 51360 - 51000 - 50500 - 50000 levels. Watch out the...
A consecutive breakdown below to 23.60% means 38.20% ( 64K - 62K ) will come soon. Otherwise, it will keep moving forward for 72K - 73K+ .
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)...
Copper has made a high of 509.25 and took U-turn. We may see at all-time high soon. S-RSI is a key to take an entry.
As per this MCX Lead chart, it’s trying to march upward. We may see T1 to T3 soon. Further information I will update you soon.
As per the chart, keep your eyes on the Aluminium-bull resistance line. We may see prices at 143 - 144.6 or above soon. This rally will stop after breaking out the resistance line . So what's next then? You can take fib levels as targets. For any further information, you can direct message me or follow my tel channel.
In 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 ...
This Will Signal A Massive Gold Rally After a short reversal, gold will start marching for 49060 – 49200 . Don’t mess with gold below support trendline. Can we expect a key level as a target? Yes, and I will update it into the next newsletter.
As per the following chart, MCX lead will remain in an uptrend. It could fly up to 144 - 146 levels.