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MCX

Crude View for next wek.. Might see some good downsideCrude Has been trading in a sideways zone from past some time but if we look at the bigger picture crude is facing resistance in its major resistance zone. Moving averages are now flat indicating the price is flat and upside momentum is lost. price is taking support from the trendline. If the trendlibe break there might be a posibilty that price might test its previous support. On the other side if crude its resistance we might see upside till 3500-3600
MCX:CRUDEOIL1!Short
by rohitgupta161087
MCX Gold - Classic Bullish Triangle (Expect 56191+)Bullish Triangle Running – A Classic Scenario for MCX Gold ------------------------------------------------------------------------------------------------------------------------------- Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ------------------------------------------------------------------------------------------------------------------------------- Last Price- 51650 / Time- 21:12 Hrs (9 pm) - 26th Aug 2020 ------------------------------------------------------------------------------------------------------------------------------- The description is based on a scientific analysis called wave theory as mentioned below ------------------------------------------------------------------------------------------------------------------------------- Currently Running in Wave-D Expected Out Come Wave- D & Wave -E Pending Wave-D should stop current upside move below Wave-B @ 53965 Highs to be a valid setup Post-Wave-D is done, we shall expect Wave-E Downside Once Wave-E is done downside- it should hold above 49955 low which is marked as Wave-A (means- your stops should be below 49955 lows post completing Wave-E) This forms a penultimate wave- means the second last wave on the upside that means one wave more on the upside is pending which will take Gold to the same level-56191 or above 56191 highs as of 7th Aug 2020 Best visual representation has been marked using Arrows which could be a possible trajectory for the commodity in coming days ------------------------------------------------------------------------------------------------------------------------------- Thanks
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MCX:GOLD1!Long
by WaveTalks
8