SilverMic Sell with sl 63700Silver mic Sell with the sl 63700 with Target 1- 62200,Target 2 -62000
Breaking 62000 and stays below 62000 is may cause further drop to next support 59000.Trade with sl.good profit for all.
MCX
Nickel's Strong Buy Signal for Short-TermAccording to this chart, nickel is further advance. Once it breaks the hurdle, it will start marching for 1260 - 1280 - 1300 levels.
Hurdle: 1236
Whenever it hits the hurdle level, what will happen? Here, it will act as resistance. We may see reversal up to the support line ( 1212 - 1180 ).
Short-term investors can continue position for the above targets.
Will GOLD Hit the 50000 this Weekend?Overall, MCX gold is collapsing. Look at the chart, if it breaks a low of 48924, we may see freefall up to 48500 - 48360 .
According to 50 MA, gold will try to push the upside. If we see the gold closing price above the second top of the trendline, it will start rising for the levels of 49760 - 50000 .
Here ADX is less than 25 and 200 MA throwing a direct sell signal. Please note the crossing of +DI and -DI before taking a new entry.
Head & Shoulder in GoldInternational Gold , XAU USD has formed an inverted head and shoulder pattern on the hourly charts.
Break out awaited.
Upon break out Gold can touch 1850 - 1870.
Trade as per price action.
MCX CRUDE OIL: Massive Rally is coming soonAccording to this chart, crude oil will keep moving forward and hit the following targets: 3600 - 4000 - 4400 - 4800 .
Here value 1 of retracement will react as support. And consecutive breakout of this support is a direct sign of a downtrend. It can be up to 0.886 (2982) to 0.786 (2735). You can use it as a target.
MCX Profit Booking and retest of breakout areaMCX weekly chart suggests profit booking and it has high probablilty to retest breakout area of INR1400. This dip may create a good buying opportunity near INR 1400.
Gold Buy around 49950-980 Stop Loss @ 49790 For TGT 50300-50550Market is Rejecticing from Lover Levels every time according to Trendline..........Its Price action
CRUDE OIL "Megaphone" DetectedA very interesting pattern. Sell crude oil in range of 2900-2930 Strict SL - 2961 Target - 2775
MCX CRUDE OIL BASED ON US OILPrice action setup og Crude Oil Mcx based on th US OIL
only at the marked point think of an entry
not before that
we need a change in momentum first
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 CRUDE FUT CONTRACT BREAKOUT DONE !! Next TGT 3080 .. Trading range of the week is 2985 - 3085
Market May Behave Choppy
Educational Purpose Only ..
Consult Your Financial Advisor Before Investing
Silver above support and about to break the downtrendCheck out the important support and resistance on the Day chart of Silver. One can go long tomorrow if it happens to break the trend line on closing basis.
