MCX : Flag Pattern - Long TermStrong Flag pattern in Weekly charts with MACD just ready to move upside. Strong Targets awaiting.
MCX
Trend line breakout on day chartAfter a long down trend a breakout is seen on that daily chart of GOLD, one can go positionally long from here or wait for a retest of the support level to get a better risk to reward ration.
MCX a BUY worthy BO (Mid to long term, could be added on dips)Chart is on the similar lines of NSE:ABBOTINDIA chart I had published few days ago.
Its a clean and clear pattern, and the Breakout is quite conclusive. Volume is yet missing, should pick up soon.
MID-LONG term buy potential with add on dips
Silver observation Silver looking weak inside outside bollinger band and momentum is also slowing down.
Can see a target around 70,400
Sl will be previous 3 hr candle high
R:R 1:3
Silver observation A nice dead cat bounce pattern is form in silver. If it sustain more than 2 or 3 than it can give us a good target of around 2200 points.
Crude outlook with support , resistance and important levels basic idea for crude trading currently testing resistance can open a new short position at current level but overall outlook is buy trend and if we get breakout from this level then we can see 5100 level in near term
#MCXCOPPER breaking out of a triangleLook for a strong upmove the next couple of days as Copper heads out of its sideways triangle pattern. At present the triangle seems complete and the next wave upwards is in its early stages.
Aluminium Range BreakoutBuy Aluminium On Dip To 190-189-188
Strict SL - 186.9
Target - 193.7/195/198
Gold --- A reason to buyThis is about to absolutely skyrocket. Smart money is selling BTC and converting to metals .. Gold.. Silver.. Rsi bullish divergence, long term trend breakout...
Copper Week 19-AprView taken on 18-Apr : Seems 4 March Mother day candle breakout upside happened on 14-Apr.. So, 16-Apr fall is only a retracement to Mother candle High (702).. Price should again bounce from 702 --- Buy if day candle is not closed below 702 in first retracement
Note: This is not positional Long view. View is for intraday Scalping ONLY... Buy at 702 to book 3-5 point Intraday profit
NG-Seems a shorting opportunityNatural Gas shorting around CMP
SL above today opening.
TGT near trendline around 3 points - will update if needed
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Cotton look good after correction, Volatility is about to startThe cotton season of 2020-21 has almost come to an end and has been pretty eventful for the Cotton Corporation of India (CCI).
Technically prices look to hold support at 20500 levels can see a bounce till 21850-21900 level
GOLDM-ShortGOLDM short around CMP (Note it's GOLD mini)
I have entered @ 44560
SL: 60-70 points
TGT 180 points
Nickel Weekly Levels Magic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS
ORANGE LINES ARE SELL LEVELS
IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR LONG/ IF OPEING 15 MIN CANDLE TOUCH ORANGE LING GO FOR SHORT.
There are 10 different pattern for getting entry in market with this line if anyone interested please command below ...
Support Support everywhereGold trying to take support at different levels but has been a sell on rise for more than two quarters.
Still a sell on rise with target of next support line
Gold Bullish short trend Long trend bearish MCX Gold 1Day time frame
48648 Resistance
46617 Support 1
44036 Support 2
Natural Gas ShortEntry: around CMP(198.8) - I will add one more lot at 199.1-199.2
SL: 200
TGT: 195.5
