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MCX Zinc Ready For Another Rally AttemptZinc is going upward since April. Recently, it has broken the strong support trendline and made an excess. At present, it's running at a strong support line. So what are you expecting next? Technically, the crossover of 20 & 50 MA indicating a downtrend ahead, and multiple volume spikes are a direct sign for an uptrend. Simple Trading Strategy for the Intraday Traders: The day traders can keep buying above 0.886 value of retracement for the target of 194.6 - 196 and above. Breakout of 199.4 means boom..!!! It can fly from there for 203 - 206 levels. According to the Fibonacci retracement & moving average, zinc will collapse soon to the value of 0.786 . So, short-term investors can go for 185 levels.
MCX:ZINC1!Short
by freestocktips
MCX Nickel Detailed Trend Forecast & TipsHere, I have used Elliott wave theory, Fibonacci Retracement, and MA ( 30 & 62 ) to identify the next move. At present, MCX nickel in a corrective wave. We may see a reversion bounce off here. It can be up to 38.20% to 23.60% of the retracement level. Wherein, 38.20% retracement level will act as a resistance and 50.00% vice versa. In other words, nickel will start raising for 1076 - 1090 - 1100 level. Dynamic resistance breakout will lead the prices for a 23.60% retracement level. Intraday or positional trader can hold 1080 level. If nickel breakout the strong support and 50.00% retracement level, don't buy. That can slip immediately for a 61.80% retracement level. Also, don't forget to wait for a crossover of MA 30 & 62.
MCX:NICKEL1!
by freestocktips
2
GOLD - See What These Gann Fan & Fibonacci Retracement Value SayHere, I have used Gann Fan & Fibonacci Retracement to identify the next move of Gold Spot. Wherein, it is taking reversal from the 0.5 retracement value (highlighted by green square ). And now it's running under 3/1 & 4/1 Gann Fan value. According to this chart, gold will keep drilling upward up to $1940 . After that, it can fall for 0.382 value of retracement. And a breakdown of this retracement means $1900 waiting ahead. Overall we can see a bullish trend. That can be for $1960 - $1976 levels before Nov end.
TVC:GOLD
by freestocktips
Crude oil Price Limited Downside, Big Upside The trend is making a symmetrical triangle. In the symmetrical triangle, you can see the trend is descending, and it will continue to fall up to the particular targets, which are shown in the charts (T1 2886 & T2 2800 ). After knocking the lower ascending trendline with higher lows (support), It will bounce to the upper descending trendline with the lower highs (resistance). After that, If the trend makes consecutive candles, there will be an ascending trend. B ut don't sell if the trend falls and crosses the stop loss.
MCX:CRUDEOIL1!
by freestocktips
4
MCX Aluminium Intraday Tips For TodayAccording to this chart, aluminium is moving flat under the rectangle pattern. The top of this rectangle is the resistance , and the bottom of this rectangle is the support . The trend is making frequent parallel channels between the support and resistance of this rectangle. At present, aluminium is playing into support trendline (B) . There is a crucial support. Fakeout, volume spike, tail, massive buying pressure, and S-RSI crossover is made in that area. So, break out of the crucial support means downfall for the levels of 143.6 - 142.6 . ...but aluminium will try to climb because of 50 & 10 MA crossover. Therefore we may see prices at 146.6 - 147.4 - 148+ soon.
MCX:ALUMINIUM1!Long
by freestocktips
MCX Gold Trading Strategy for Intraday TradersThis chart is all about the assumption of the future moves of the gold, which has created by using the Elliott wave patterns of impulsive & corrective waves. In the beginning, there are impulsive waves which converted into the corrective waves now. Gold cannot keep drilling downward. Before the downtrend begins, we may see the following levels: 51160 - 51300 - 51460 - 51600+ Kindly note, don't buy it after a breakdown of the last tail. This breakout can pulldown the gold price up to 50660 - 50400 levels.
MCX:GOLD1!Long
by freestocktips
MCX Natural gas Struggling at Strong SupportOn the chart above, we have plotted three different MAs on the 1-hour chart of MCX Natural gas futures. As you can see, the 62 MA is indicating a downtrend ahead. And 5 MA & 30 MA are crossing each other for a reversal. This reversal can be for 174 to 180 levels. But according to the support & resistance trendline, we may see continue price collapsing. I have also highlighted a support area with green color . Particularly from this point, it's taking a u-turn. For safe traders, short positions can be initiated after 170 levels. Targets: 167.6 - 165 - 162.6 - 160
MCX:NATURALGAS1!
by freestocktips
11
How High Will MCX Silver Go?By following the symmetrical triangle (ST), we can say that if candles will consecutively crossover the upper line, the silver will hit the following targets: 72460 - 75360 - 77800 - 80000+ According to the ST, the final targets are 86700 to 88000 levels. But if you look at the volume and S RSI indicators, it is planning for a downtrend. And at present, silver is very close to the control price line. Hence, a downtrend may start from this point. A breakdown of control price can initiate a new fall for 70000 - 55785 - 50570 levels. Keep eyes open while it breaks ST upside or downside. It's a key for the smart traders. If you have any questions regarding this article, you can ask without hesitation through the below comment box.
MCX:SILVER1!
by freestocktips
WTI Crude Oil Trading Strategy for this weekWTI Crude oil following the support trendline and dynamic resistance. At present, it's in an uptrend for short-term investors. According to this chart, the last descending triangle pattern is the broken upper side. Still, we cannot trust this breakout because of excess at the support line. Buy position can initiate at 43 for 43.4 - 44 targets. If WTI comes below descending resistance or at the red circle area, jump for 42 - 41.6 levels as a target. Note: keep your eyes open at the uptrend channel. I have updated a report on Gold on Sunday. Wherein I listed a few events/inventories that can affect to Bullion & Energy sector commodities. You must read that.
TVC:USOIL
by forextidings
Gold (XAU/USD) Price Trend AnalysisIn the previous week, gold has made -90.51 loss, AND it has lost -8.8 points in the last trading session. XAU/USD may slip from here for $1916 to $1900 levels. Gold Strong Support $1686 too far away now. In the previous week's trading sessions, it has touched the support trendline and took a reversal. Hence, according to this chart, we may see $2000 - $2036+ levels soon. The downtrend will start after breakdown of the support trendline. At present, it's positive for the upcoming days. And next hurdle for traders is the $1986 level. This hurdle's breakout can boost the price instantly to the above-mentioned upward levels. The following (major) event/inventories can affect gold prices: Monday: USD Gold Index Actual 54.9% | Previous 49.3% USD/JPY Index Actual 46.0% | Previous 45.0% Wednesday: USD API Weekly Crude Stock Actual -4.400M | Previous -8.587M U.S. Crude Oil Inventories Actual -4.512M | Previous -7.373M U.S. Crude Oil Imports Actual -0.713M | Previous 1.256M U.S. Cushing Crude Oil Inventories Actual 1.336M | Previous 0.532M
OANDA:XAUUSDLong
by forextidings
3