Gold MCX Future Weekly Analysis 29Apr - 3 May📊 Gold MCX Future Technical Chart Analysis
📅 5 June Future
🎯 Range Point: 71500
🎯 Weekly Range: 2093
📉 Buy Above: 71495
📉 Average At: 71249
🎯 Buy Target 1: 72793
🎯 Buy Target 2: 73593
🛑 Buyer Stoploss: 70798
📉 Sale Below: 71002
🎯 Sale Target 1: 70207
🎯 Sale Target 2: 69407
🛑 Seller Stoploss: 71699
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Gold MCX 5 June Future Weekly Technical Chart Analysis 22-26 Apr📊 Gold MCX 5 June Future Technical Chart Analysis
🎯 Range Point: 72806
🎯 Weekly Range: 2115
📉 Buy Above: 72507
📉 Average At: 72258
🎯 Buy Targets 1: 74113
🎯 Buy Targets 2: 74921
🛑 Buyer Stoploss: 71802
📉 Sale Below: 72008
🎯 Sale Targets 1: 71499
🎯 Sale Targets 2: 70691
🛑 Seller Stoploss: 72713
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Gold MCX Future Weekly Technical Analysis Details:
Traders gearing up for Gold MCX Future should prepare for an eventful week ahead, characterized by clear levels and a defined weekly range.
Key Levels:
Range Point: 72806
Weekly Range: 2115 points
Buy Scenario:
Traders eyeing long positions should closely monitor the market for an uptick above 72507. Establishing an entry at 72258 may provide a stable average position. Target objectives for buyers are set ambitiously at 74113 and 74921, indicating potential bullish momentum. To safeguard against downside risk, a prudent stop-loss is recommended at 71802.
Sell Scenario:
Alternatively, a decline below 72008 could signal opportunities for short positions. Sellers targeting 71499 and 70691 should exercise caution. Implementing robust risk management strategies is essential, with a stop-loss set at 72713 to mitigate potential losses.
As traders navigate the Gold MCX Future, a comprehensive understanding of these levels and disciplined risk management practices will be critical for seizing opportunities while managing risks effectively.
Gold MCX Future Weekly Technical Chart Analysis 15-19 Apr, 24Gold MCX 5 June Future Technical Chart Analysis
📊 Range Point: 71843
📈 Weekly Range: 3515
🎯 Buy Above: 72615
🎯 Average At: 72201
🎯 Buy Target 1: 74015
🎯 Buy Target 2: 75358
🛑 Buyer Stoploss: 2357.88
📉 Sale Below: 71786
🎯 Sale Target 1: 69671
🎯 Sale Target 2: 68328
🛑 Seller Stoploss: 72957
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XAUUSD - SMALL RISK FOR HUGE REWARD ?XAUUSD currently trading at 2292
Shorting XAUUSD at CMP with 2320 SL.
Target would be 2230 - 2200 - 2180
Expecting a fall 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 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!
Gold MCX JUNE Future Weekly Technical Chart Analysis 1-5 April🪙 GOLD 05 JUNE WEEKLY FUT TECHNICAL CHART LEVELS
🎯 Weekly Range: 1992 Points
📉 Buy at: 67089.06 | Average at: 66854.0
🎯 Buy Target 1: 68908.06 | 🎯 Target 2: 69669.0
🛑 Buyer Stoploss: 66425.06
📉 Sell at: 66618.94
🎯 Sell Target 1: 66445.94 | 🎯 Target 2: 65685.0
🛑 Seller Stop-loss: 67282.94
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Natural Gas update - Bullish
As informed earlier, Natural Gas has turned bullish above 1.792 marked by the horizontal line. Do not short Natural Gas any more.
Time candles for tomorrow are
3-15-24 8:14 AM
3-15-24 12:40 PM
3-15-24 5:06 PM (Pivotal) - Will decide the future trend for the commodity.
3-15-24 9:33 PM
3-16-24 1:59 AM
Disclaimer:
I am not a Registered Analyst with any of the National/International agency and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Natural Gas - Live market update
1.8315 is the magical figure for Natural Gas. Please read the notes on chart as well, have patience and from here a lot of money will accrue in the commodity. It is not likely to be broken as per my view. If that is also broken then do not enter at all unless prices are retraced again above 1.8315,
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Crude Oil MCX Future Weekly Analysis for 05-09 Feb., 2024 📊 Trading Marcos' Weekly Analysis - Crude Oil MCX Feb Future 📈
CRUDE OIL 17 FEB FUT LEVELS 🛢️ Weekly Range - 550
Analysis:
The weekly analysis for Crude Oil MCX Future suggests a favorable trading setup:
Buy Levels:
Buy at 6318.9 🎯 Target 1 - 6369.9 🎯 Target 2 - 6580
Average Position: 6254 📈
Buyer Stoploss: 6135.57 🛑
Sell Levels:
Sell at 6189.1 🎯 Target 1 - 5690.1 🎯 Target 2 - 5480
Seller Stoploss: 6372.43 🛑
Master Tip: Avoid Selling on 5 Feb., or wait for a candle closed below 5980 and sustain for 1 hour at-least for a jackpot trade of 500 points.
Key Points:
The Buy Targets indicate potential upward movements, providing profit-taking opportunities.
Average Position at 6254 suggests a strategic approach for risk management.
Buyer Stoploss at 6135.57 helps protect against adverse market conditions during a buying position.
The Sell Targets offer options for short positions, anticipating potential market corrections.
Seller Stoploss at 6372.43 acts as a safety net for sellers, preventing substantial losses.
Disclaimer: Trading involves risks, and decisions should be made based on personal analysis and risk tolerance. Always use appropriate risk management strategies. 🚀
📉 #CrudeOil #MCX #CommodityTrading #WeeklyAnalysis #TradingSignals #MarketOutlook #TradingMarcos
Natural Gas MCX Future Analysis for Today 29 Jan, 2024🔥 NATURAL GAS 27 FEB FUT ANALYSIS 🔥
Levels: Day Range: 29.4 Points
Buy at: 228.17
Target 1: 233.17
Target 2: 244.4
Add one lot: 224.7
Buyer SL: 219.73
Sell at: 221.23
Target 1: 196.83
Target 2: 185.6
Seller SL: 229.67
📊 Analysis:
Natural Gas opens with a Buy entry at 228.17, eyeing targets at 233.17 and 244.4. Adding one lot at 224.7 enhances the position with a cautious Buyer Stop Loss at 219.73. For sellers, an entry at 221.23 is aimed at targets 196.83 and 185.6, with a Seller Stop Loss at 229.67.
📈 Market Outlook:
The day range indicates moderate volatility, providing opportunities for both buyers and sellers. Traders are advised to stay vigilant and adapt strategies based on market movements.
📌 Prominent Hashtags:
#NaturalGas #CommodityTrading #FuturesAnalysis #TradingView #TechnicalAnalysis
Trade smartly and stay informed! 📊💹
Crude Oil MCX Future Analysis for Today 29.01.2024CRUDE OIL 17 FEB FUT ANALYSIS
Technical Levels: Intraday Range: 183 Points
Buy at 6321.09
Target 1: 6494.09
Target 2: 6564
Additional Position: at 6299.5
Buyer Stop Loss: Set at 6267.91
Sell at 6277.91
Target 1: 6267.91
Target 2: 6198
Seller Stop Loss: Set at 6331.09
Analysis:
The crude oil futures for January 20 present a compelling opportunity with a suggested entry at 6321.09. Traders are advised to capitalize on potential gains by targeting 6494.09 as the first objective and 6564 as the second. To maximize profits, consider adding one lot at 6299.5.
It's crucial to manage risks, and for buyers, the recommended stop loss is 6267.91. Conversely, sellers should exercise caution and implement a stop loss at 6331.09 to mitigate potential losses.
The daily range projection stands at 183 points, providing traders with a clear framework to gauge market movements. Stay vigilant and adapt your strategy as the market unfolds.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves risks, and individuals should carefully consider their risk tolerance and financial situation before making any decisions. Always conduct thorough research and seek advice from financial professionals.
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Gold MCX Future Weekly Analysis for 22-26 Jan., 2024 🔥 GOLD - 05 FEB FUTURES ANALYSIS
📊 Weekly Range: 1192
📈 Buy at: 62190.66
🎯 Buy Target 1: 62740.66
🎯 Buy Target 2: 63196
🔍 Add one lot at: 62050
❌ Buyer Stoploss: 61793.33
📉 Sell at: 61909.34
🎯 Sell Target 1: 61267.34
🎯 Sell Target 2: 60812
❌ Seller Stoploss: 62306.67
Analysis:
Gold (05 Feb) exhibits a compelling setup for traders. The buy entry at 62190.66 provides an opportunity for an upward move towards targets at 62740.66 and 63196. Adding one lot at 62050 enhances the position. The buyer stoploss at 61793.33 safeguards against adverse market conditions.
On the flip side, the sell entry at 61909.34 opens up possibilities for a downward move targeting 61267.34 and 60812. Implementing a seller stoploss at 62306.67 ensures risk management.
Caution:
Traders are advised to stay attentive to market conditions and adjust positions accordingly.
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US Oil - other Commodities and Indian Market
US Oil had turned bullish as mentioned earlier over 72.8 (INR 6062). But, today's evening session is very important for the commodity. For NG 2.45 (INR225) is the crucial level.
For Indian Stocks, this week is volatile, thereafter stocks will show their direction. Already mentioned some stocks as Rajesh Exports, SBI Cards, Jubilant Food, UPL HDFC Bank, Lux Industries.
Watch 11:39 candle for Indian Stocks today.
Disclaimer: I am not a Registered Analyst with any National/International Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Natural Gas - Live Market Analysis
Drawn are two white horizontal lines. Lower one showing support for the December 2023 Month and Upper month showing resistance for the January Month. Once high of candle of 2nd January marked by upper white line is broken, then only buy.
2.5 is major support for the commodity. Tomorrow's candle of 5.56 p.m. as mentioned in case of US Oil will decide the future trend for both the commodities. Till then, relax. Next Target will be 2.8.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
US - Oil How to trade
Unless prices of US Oil go above and sustain above 73.475, it will remain in down trend.
What Next
1. 70.95 is a strong support for the commodity.
2. If that is broken in the next working day, 70 is a very strong support. Here from the last swing started. Remember this is the level from where evening session shot up in the past.
3. 66.99 is the 23.6% level, which will act as the next support.
But, what next how to trade in the next week:
But, how will be trade? For us answer is very simple. Be watchful for Monday and act as under:
Watch Monday's candle of 12:15 p.m. (Morning Session) mark it and then watch 10:19 (p.m.) candle of (evening session) If 10:19 p.m. Trend may then get cleared by Tuesday.
Natural Gas - Update
Candle 12-26-23 9:00 PM; which was pivotal has provided support for the commodity. Details of how to trade tomorrow have been mentioned on the chart. Time candles for tomorrow are
12-27-23 5:52 AM
12-27-23 10:18 AM
12-27-23 2:44 PM (Pivotal)
Still have a question? Please ask me in the comment section, I always feel duty bound to answer.
This is the only way for all of us to learn and grow.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Gold buyers attack $2,055 resistance with eyes on Fed inflationGold price braces for the second consecutive weekly gain despite sluggish trading ahead of the Federal Reserve’s (Fed) favorite inflation gauge, namely November’s US Core Personal Consumption Expenditure (PCE) Price Index. In doing so, the XAUUSD pokes a two-week-old ascending resistance line, around $2,055 by the press time. Apart from the stated trend line resistance, the overbought RSI (14) and sluggish MACD signals also challenge the bullion buyers. Hence, strong data can push back the bullish bias by dragging the quote towards the immediate support, namely the 50-SMA level surrounding $2,020. It’s worth noting, however, that a six-week-old upward-sloping trend line near $1,995 will give the final fight to the sellers before giving them control.
On the contrary, an upside break of $2,055 could quickly propel the Gold buyers toward targeting the $2,080 and the $2,100 resistance levels. It should be observed that such a strong run-up needs too weak US data and should allow the traders to ignore the overbought RSI, which in turn appears less likely. However, a clear upside break of $2,100 won’t hesitate to print the fresh all-time high, currently around $2,050, even during the year-end lackluster trading.
Overall, the Gold buyers appear running out of steam ahead of this week’s key data, suggesting a pullback move in the commodity. However, the economics need to justify the market’s expectations of multiple rate cuts in 2024, failing to do so won’t do much harm to the XAUUSD price.
Silver MCX - Support at 71606
71606 is a major support for the commodity. Below it short for sure.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for educational purposes.
Let you grow. May! I follow you.
Crude Oil - MCX
Resistances and supports have been marked on 1H chart. 12-04-2023, 11:37 a.m. time candle is most important for the commodity. Please Mark high and low of this candle. Buy above high of this candle else sell.
Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. it is only for educational purpose.
🌕 Silver Chart Intraday Analysis for 30.11.2023 Silver MCX Futures Analysis - 30.11.2023 📈📉
Instrument: Silver MCX Future
Contract Month: December Future
Day Range: 886.00 Points
Trigger Point: 75772.00
🟢 Buy Levels:
Buy At: 75637
Add Position: 75532
Buy Target 1: 76320
Buy Target 2: 76658
Standard SL: 75587
Preferred SL: 75417
🔴 Sale Levels:
Sale At: 75427
Sale Target 1: 75224
Sale Target 2: 74886
Standard SL: 75477
Preferred SL: 75647
💹 Trade smart and catch the silver trends!
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