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UPDATE: MCX Mentha Oil Overall Outlook Is 'Strongly Bullish'MCX Mentha Oil Overall Outlook Is ‘Strongly Bullish’ How many of you bought Mentha oil after reading this report? Mentha oil made a high of 964.9 yesterday, and the first target has come. Approx. Profit /L = Rs.15,000+ The short-term investors can book profit here. As I mentioned in the above chart, it's MA crossover time. It may move sideways. Overall, it's in an uptrend. Hence, the targets will remain the same.
MCX:MENTHAOIL1!Long
by freestocktips
UPDATE: When Will MCX Gold explode? [Profit - INR 210000]As expected, gold has started collapsing after a breakout of the test level. Will it keep falling? First, click here and read the previous article on gold: When Will MCX Gold explode? I have written in clear words, " If gold remains below 47296 levels, it will come down to 0.618 value of Fib retracement. Targets: 46600 – 46000 – 45660 – 45200 ". Gold has touched the first two targets by making a low of 45861. Profit per lot Rs.2,10,000 Anyway, what next? Gold can take a U-turn from here. This can be up to 46760 levels. Overall, it's under a downtrend.
MCX:GOLD1!Short
by freestocktips
MCX Zinc Will Touch 240 level by EWTHere's the daily chart of the MCX zinc. It has made two Elliott waves. The first one is bearish, and the second one is bullish. The bearish was started from the 11th of April 2019 and ended on the 19th of March 2020. The bullish one started on the 19th of March 2020, and the fifth wave of this Elliott wave is remaining. In the Elliott wave theory, each wave has five sub-waves. Short-term investors can see the following levels soon: 228 - 234 - 240
MCX:ZINC1!Long
by freestocktips
Silver Follow Up & Future Predictions For 2020 & 2021 – Part IHere I have used Gann fan and Fibonacci on Silver sport to identify the current trend. Fib Retracement: Top: $29.90 Bottom: $11.64 If silver remains above the 78.6% level, the target will be $27 - $27.8 . And if it goes inside 8/1 or remains below 78.6% level, we will see the silver price at 0.618 value of fib retracement. The day traders can use the following levels as targets: $ 25 - $24 - $23 . According to DMI, ADX is less than 25 but turning up. And +DI is signaling an upside rally. Technically, silver is a further advance. For advance traders, watch significant releases or events that may affect the movement of gold, silver & crude oil. Monday, Dec 21, 2020: 12:00 - Gold Index Wednesday, Dec 23, 2020: 3:00 - API Weekly Crude Oil Stock 21:00 - Crude Oil Inventories, EIA Refinery Crude Runs (WoW), Crude Oil Imports, and Cushing Crude Oil Inventories 21:30: Natural Gas Storage
COMEX:SI1!
by freestocktips
2
Determining the MCX Gold Price Next Big Move According to this chart, gold has started falling from August month. Doji appearing in the last trading session. It's signaling a possible reversal. If gold follows the dynamic resistance, we may see a continuous downtrend. That can be up to 0.5 ( 47300 ) to 0.618 ( 45200 ) of Fib retracement. Fib retracement: Swing High: 56191 Swing Low: 38400 Here's ADX less than 25 , and +DI is above the -DI. Additionally, 200 MA & 50 MA is throwing uptrend signals. If we follow the moving average, gold may try to hit 51000 - 51990 ( 0.236 ) levels. Intraday traders should watch dynamic resistance before entering.
MCX:GOLD1!
by freestocktips
1
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 Nickel Double Top - Potential ReversalAccording to this chart, MCX Nickel is making a double top chart pattern. It's at risk of a bearish trend after double top formation. Wherein the first top at 1158.4 level, and the second top can be between the range of 1160 - 1176 . If it's a second top, nickel will make a large false break pin bar here. That might be up to the 1176 level. Afterward, the short-term traders can sell it for levels of 1106 - 1076 and below. Wait for the right entry-level, don't sell above 1160 level. Here I have drawn a neckline as a support trendline to get an accurate exit/entry point.
MCX:NICKEL1!Short
by freestocktips
1
MCX Silver's Next Target 65200 by the Elliott WaveHere, I have applied Elliott wave , moving average , volume , and MACD . Wave 4 can be steady or sideways for a while. Overall, silver is in an uptrend. Safe investors can buy silver at wave 4 for the following levels: Intraday Targets: 62100 - 63300 Positional Targets: 64260 - 65200 At present, moving average and MACD throwing upward signal by crossover. Technically, multiple volume spikes are a great sign of a bullish trend.
MCX:SILVER1!Long
by freestocktips
6
Can We Expect GOLD Price Above 56000 again?According to this chart, gold is reversing downward after making an all-time new high of 56191 . Its support level is 53800 . You can take this level as a hurdle too. We may see a correction up to this after the breakdown of DR. This dynamic resistance will initiate buying pressure for a short period. We have chances to see 55600 (T1) to 56000+ (T2) levels. Moreover, for short-term investors, I don't recommend selling the gold until the breakout of my support. Intraday traders can enjoy price fluctuation, consolidation, and sideways movement.
MCX:GOLD1!
by freestocktips
expertcrudeoil :Kuwait investigates with India to lessen on oilOil rich Kuwait is investigating to new segments of monetary organization with India to execute Kuwait's improvement plans with less reliance on hydrocarbon. Kuwait Ambassador to India Jassim Al-Najim, tended to national meeting as boss visitor in the esteemed Jamia Millia Islamia University in New Delhi. The tradition, themed "India, China and the Arab World Exploring New Dynamics," was sorted out by Indo Arab Cultural Center at the college, in collaboration with the Kuwait Embassy India and the Arab world relations are not limited to exchange and financial aspects but rather additionally incorporates expressive arts, design and model as a gathering of artifacts found on Kuwaiti island of Failaka demonstrates, the Ambassador noted. "Exchange among India and Kuwait thrived since the nineteenth century as of not long ago and Kuwait has been a vital exchanging accomplice for India with complete exchange of $ 5.6 billion of every 2016-17 and seventh biggest unrefined petroleum provider to India in a similar period," he included.
NASDAQ:AAPL
by expertcrudeoil