Mcx crude 6533 to 6640 target 100 points from here ..upside so buy
Look this charts, support visible@ 202 @ 194 if you invest for 6 months this commodity make for you very good return s, my stoploss is 180 I'm slowly slowly build my position in long sides
If doesn't cross above 7000 level and closes with strong volume in remaining august series ,then might see fall up to 6000 levels in coming weeks .forming a ascending triangle .might possible go for a third touch correction towards rising trend line .
Gold is safe haven during political, war, and economic crises What will happen after level 2075, which is the highest historical? I used the Fibonacci extension to show us the future levels to activate this analysis a daily candle must close above 2080, make a new higher, and retest 2075 levels the levels Drawn in the green line above 2075
The commodity is breaking out from the head and shoulder reversal pattern on the hourly charts. The chart is self explanatory, trend which one can ride for a while.
Head and shoulder is a reversal pattern which is one of the most reliable chart patterns that a trader can trade. Here gold has completed the breakout from the reversal pattern and this is happening after a considerable downmove. This is perhaps the start of the rally for the next one week or so.
On 30 Min candle charts if price break support Possibly reach to the 1st target As on chart
Recently break resistance Look for pull back if support not break idol for entry long
gold stya abv 58680 looks blasttt 58780--850++++++++ buy on dipsss with sl 58525 yes looks fireyy on daily chart abv 1908 looks zoom till 1913--17
copper on 1 hour chart made a textbook head and shoulder pattern and the head was exactly at pin point rejection with resistance zone of 756-762 lvl after completing the HnS pattern price made pullback , which was exactly rested on fib lvl of 0.5-0.6 in between which projected the price towards down side of 716.50 also there is one trend-zone coming from higher...
Break resistan get support from people point Go for next resistance
Possible break up in copper on 30 minute candle chart Break previous support and near the pivot line Take resistance from higher level
Key Observation - Natural gas is constructing a Falling wedge pattern take aways - Natural gas price may bounce soon if it break resistance line of falling wedge it can reach 232 - 250 if trends follow the breakout.
Crude near to support zone if breakout may be Go further down
if we get a 4hr close above 1907. Look for candle confirmation above 1907. then we can plan a long trade.
Prices are forming a base near the support zone of $1900. If prices break and sustain above the $1915 then the trend may reverse to bullish and prices will approach $1960 soon.
gold intraday trade idea, views are personel 50% rettacement from high CMP, 1986-87 is intraday pivot area, and small fvg to be mitigated there for liquidity. News can alter my views,
us oil form head &/shoulders pattern down side tgt expect upto 74$