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Crude on Weekly Support $65/$64 Zone - Make or Break LevelCrude on Weekly Support $65/$64 Zone - Make or Break Level
If sustains $ 64 can give good reversal
⛽ Crude OIL Traget MCX MCX:CRUDEOIL1!
Here We Are Using Harmonic For Target, it's A Unique Way To Use Harmonic, Long Above previous candle high stop loss already given on the chart. Trade as per your trade setup. As we are just adding quantity, our holdings from very low levels.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
📊 Aluminium Break out 🎯MCX:ALUMINIUM1!
Everything mentioned chart ones get breakout, one can enter as per their trade setup. Target already mentioned and that is trailing basis, stop loss recent swing low.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Gold MCX Future Weekly Analysis 4-8 March, for Options Also📊 GOLD 05 APR FUT LEVELS Analysis
🎯 Weekly Range: 1561
➡️ Buy: 63014.7, Avg Pos: 62830.5
🎯 Buy T1: 64527.7, Buy T2: 65124
❌ Buyer SL: 62494.37
💰 Sell: 62646.3
🎯 Sell T1: 62598.3, Sell T2: 62002
❌ Seller SL: 63166.63
Show your support and keep me motivated by boosting and liking! Your encouragement helps me provide daily levels and insights. Let's continue this journey together! 🚀 #Support #Boost #Like #Motivation
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MCX Lead Tips & Elliott Wave ViewIt's the daily chart of the MCX lead. Here, it has made the bullish Elliott pattern, and the ABC correction was completed on the 24th of December 2020. And right now, it started to move upside as per the rules of the bullish Elliott wave pattern. And it will move upwards till 158.6 - 162 .
Natural gas - Matches the exact moves, posted on 24th AugNatural gas - Matches the exact moves, posted on 24th. August
Points gained- 229.5 to 264.8 = 35.3 points
1 Point = ₹1000 (35.3*1000= ₹35300.0)
Holding it, next is 300 & 320 target🎯
COPPER (26th FEB 21) Above 644.50, May Move Upside Till 647-652 On the Daily Chart copper is looking strong and also it has shown small profit booking in the morning session now if it will shift above 644.50 then it may go upside till 647 and 652. Low risk trader can go long above 644.50 with stop loss of 642.20 and safe stop loss will be day's low 641.50.
MCX SILVER- Forecasting The Future MoveHere's the daily chart of the MCX SILVER. It started to rise from the 18th of March 2020. But currently, it's moving downside. It's a short time fall. After the particular level, it will start to move upside again. It may fall up to the support. And from that point, there will be a reversal in the trend. Targets for the future upside movement of the trend are the following 66000 - 69600 .
But if it falls by crossing the support, then it will hit the 57900 . After hitting 57900, there will be a reversal in the trend. If the trend crosses the 57900 , then this level will react as the hurdle. The targets for the downside movement are the following 55930 - 55000 .
Silver – Riding the WaveMCX:SILVERMIC1! is trending strong, and we are already surfing at 5R.
Our system’s strength lies in catching mean reversals early and riding the momentum that follows.
Disciplined risk, precise trailing, no second-guessing.
This approach has delivered consistent double-digit “R” trades in the past.
Now, the trend is in motion — and we stay with it as long as it runs.
MCX Natural Gas – Impulsive Wave SetupA new impulsive structure has emerged from the low of 265.5 in natural gas. Price has accomplished wave (5) and started the zigzag correction at 801.
Currently, Natural gas is forming sub-wave 5 of impulsive wave C. Natural gas has also broken down 200 EMA and the base channel of 2 – 4 wave, which signals bearish momentum. It has faced strong support of 515 , but the price didn’t respect the level and ended up losing bullish momentum.
Wave C has traveled the same distance as wave A. Hence, Wave A = Wave C. If the price sustains below 516, traders can trade for the following targets: 486 – 462 – 440 .
I will update further information soon.
Simple and clean breakout in Gold Gold was in a constant downtrend for a couple of days and took a retest over the trendline. At 1627 it took support thrice and gave a breakout candle after which there was a retest candle for confirmation and since then the price of GOLD has been rising at a decent speed. I hope many of you might have made decent returns in this area if you do trade in commodities. If not keep looking for such simple trades.
EWT - MCX Zinc Is Ready For Its Final Impulse MCX zinc has been forming the corrective structure in descending channel for more than 28 weeks. The ending point of impulse was 383.55 .
At present, MCX zinc has accomplished the corrective wave ((B)) and started forming sub-waves of the impulsive wave (C). Price has completed 78.6% retracement, where wave A = C at 217 . Zinc has accomplished wave (4) of wave ((C)). Wave ((C)) retraced 61.8% of wave ((A)). Zinc is trading below 50-day EMA , and RSI is above 30 .
Zinc will try to test the price hurdle of 267 , so traders can sell zinc nearby 267 for the following targets: 252.6 - 246 - 244.
Target measurement using the Fibonacci relationship:
Wave (5) of wave ((C)) can end near 161.8% reverse Fibonacci retracement.
Wave ((C)) can occur near 100% extension at 217 , where wave A = C .
Wave ((C)) can cease to exit at the lower band of the parallel channel.
I will update further information soon.
Natural Gas Support and resistance level for 23.08.2022Plot the the levels in your chart. Draw fib level from support and resistance. Please refer previous day chart for fib level. Fib level range should be 9 am to 11:30 PM.
If price crosses fib trendline(Dash line) will consider as upside break out. If price reject from there will consider to fall below.
if one support or resistance line broken maximum target will be 1.272 or 1.1618 fib level. Moving above 1.618 fib level is very rare scenario.
Natural Gas Support and resistance level for 19.08.2022Natural Gas Support and resistance level for 19.08.2022
MCX Natural Gas Long-Term Outlook - Target 300+According to this chart, MCX Natural gas is further advance. We may see the following levels after a reversal.
Targets: 234.6 - 263.9 - 305.6
Intraday traders can run with 20 & 50 MA crossover. And long-term traders should stick with 200 MA to maximize profits.
Significant releases or events that may affect the movement of natural gas on Wednesday, Oct 28, 2020 :
02:00: U.S. API Weekly Crude Stock
20:00: U.S. Crude Oil Inventories
20:00: EIA Weekly Refinery Crude Runs
20:00: U.S. Crude Oil Imports
20:00: U.S. Cushing Crude Oil Inventories
20:00: U.S. Gasoline Production
20:00: U.S. Heating Oil Stockpiles
20:00: U.S. Gasoline Inventories
GOLD may rise make profitsGold may rise because ,
It has broken the resistance and even the trendline ,
It looks very strong to buy .
Entry : 1929
Target : 1973/1991/2012
Stop loss : 1912
Copper at Important levelCopper should respect the green line which is Fib 0.5 level and falling wedge
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