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If You Own MCX Copper, Look Out Below MCX Copper is playing under a parallel channel. Currently, it's at the support trendline. Additionally, there's a Fibonacci retracement value of 0.886 . The best trading strategy for the day traders is: According to a moving average and parallel channel's support trendline, copper is strongly bullish. It can show us an all-time new high before the end of this month. So, the day traders can buy for the levels of 536 - 540 - 556+ . Important - Due to the election of the USA. From where it starts collapsing? You can sell the copper at/below parallel channel or Fib retracement value 0.886 for the targets of 516 - 506 .
MCX:COPPER1!
by freestocktips
7
MCX Silver Complex Big PictureIn 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 (orange). Currently silver is running above 61K. As per this 4-hourly chart, we can expect continuous uptrend for the levels of 62,000 – 63,360 – 65,000+ . It could keep pushing upward until a crossover of 5 MA and 2 0 MA (blue). Further information I will update shortly.
MCX:SILVER1!
by freestocktips
3