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MCX BULLDEX HEADING FOR A CORRECTION ?MCXBULLDEX is currently trading at 17350 which is a long term resistance zone (17300-17700) for it. I'm expecting a profit booking in MCXBULLDEX from these level. I'm creating short positions at CMP 17350 & will be adding more short positions if 17650-17700 comes & Hold with 18000 as SL. I'm expecting minimum 1000 point fall from here & expecting 16400-16200 levels soon. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX:MCXBULLDEXShort
by akshit_official
Crude Oil: Bullish Momentum ContinuesCrude Oil (MCX) Current Market Price: Approximately 7005 We have observed a significant bullish trend in crude oil over the past few weeks. Unfortunately, due to certain reasons, we were unable to provide updates during this period. Nevertheless, it is never too late to analyze the market. We remain optimistic about crude oil's prospects today. Crude oil has recently experienced a notable breakout, leading us to believe that it may reach levels of 7260 and 7590 in the coming days. For the time being, we will set our stop-loss at 6670, and upon reaching the levels of 6900-6910, we may consider adding positions. Stay tuned for further updates as the market progresses.
MCX:CRUDEOIL1!Long
by iamrk7
MCX ALUMINIUM - LOOKING GOOD FOR A SHORT TRADE ?MCX ALUMINIUM is currently trading at 212. 210-215 is a good resistance zone for Aluminium as per price action and longterm charts. Hence I'm opening short positions in MCX Aluminium Futures at CMP 212. I will be adding more position if 215 comes & will hold with SL 218. Targets I'm expecting are 205-202 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX:ALUMINIUM1!Short
by akshit_official
Technical Analysis and Price Projections for MCX ZincExamining the daily chart of MCX Zinc utilizing Fibonacci retracement, notable developments are observed. In May 2023, Zinc breached the 61.8% retracement level but did not test the subsequent level at 78.6% . Instead, it retraced back to the 61.8% level. The pivotal level of 228 suggests that the downtrend in Zinc may have concluded. This level holds significance as it could propel Zinc upwards, targeting levels of 236 , 242 , and potentially 257.6 . According to the principles of Fibonacci retracement, a weak trend reversal signal is indicative of a weak trend. Therefore, if Zinc breaches the red trendline, a potential downside with target prices of 212 , 206 , and 200 could be anticipated. Caution is advised between the 61.8% retracement level and the trendline.
MCX:ZINC1!
by freestocktips
MCX SILVER FUTURE January ContractFrom 52000 to 72717 it's follow a trendline . It respect 52 EMA very well. Also we can see a bullish engulfing candle was created in weekly chart . It's a good sign for bull run. This year is the right time to invest in SILVER. After breaking 78322 bull run start. Also global market perform very well . Resistance 1: 72317 Resistance 2: 74136 Support 1: 67767 Support 2: 60305 (it's a strong support, for now price will come at this area if there will be no big issue like covid )
MCX:SILVER1!Long
by KaustavHazra
2
Unlocking Opportunity: Soybean Oil's Reversal Sparks InterestSoybean Oil Futures Analysis: Current Price: $52.71 Soybean oil has consistently been an appealing asset, having traded near the year's high just six months ago. Recently, the commodity experienced a notable downtrend, dropping from $64.80 to $48.01. However, a modest upward movement is now observable. Upon closer examination, we identify a change in character within the market dynamics. We are strategically considering a buy position for the oil script, setting a risky stop loss at $50, and a broader stop loss at $48. Despite existing chart resistance, our expectation is for the price to reach $60.80 and beyond. It's important to note potential resistance points, as indicated on the chart. Additionally, should the price manage to breach and sustain $64.80, a significant and sustained rally could unfold over an extended period. Please be aware that this analysis is for informational purposes only and does not recommend replicating the same trading strategy. Happy Investing!
CBOT:ZL1!Long
by iamrk7
Copper MCX | Waiting for the BreakoutCopper MCX: We're currently witnessing Copper in a range-bound movement, specifically within the 695-720 range. This zone doesn't offer a clear trading opportunity as of now. To avoid potential traps, it's crucial to wait for a breakout and a sustained move beyond this range before considering any trade. Breakouts often signal a change in market sentiment, so patience is key. For those who prefer more aggressive setups, there's a slightly riskier approach: consider selling near 720 and buying near 695. This approach carries a lower risk, but remember to manage your trades cautiously. Stay informed and trade smart!
MCX:COPPER1!
by iamrk7