MCX
Natural Gas weekly analysis Hey ,
the natural gas trend has been changed and the script is bullish at the current market scenario. There is a good position in the swing long.
Long: 209
Stop loss: 180
Target: 254
Time frame: 4-8 weeks
Start shortTargets 1182/1170
Main stop Loss at 1221
Disclaimer : Please trade with your own and comfortable views. I just share my view.
MCX Gold Price Trend Analysis & TipsGold is performing in the parallel channel from 22 Sep. Recently, the moving average has tried to crossover but failed. And volume spike is a direct sign of an uptrend. It's sharply moving forward.
As I updated on Oct 19, gold is trying to climb upward after hitting the parallel channel. And if it remains in the parallel channel, we may see 51000 - 51500+ levels... And for the day traders, 5 0960 - 51130 - 51260+ levels.
Please note parallel channel breakdown is not the best place for a short. A better place for shorts is the hurdle line.
Here I have used ADX to identify the trend strength. Gold's ADX < 25 means the uptrend is weak.
What will happen after a breakout of a parallel channel and hurdles? I will update it in my next update of Gold.
If this idea is helpful to you, please leave a comment below and press the like.
Crude intradayShort below 2985, tgt 2967 sl 3002
Long above 3019, tgt 3037-3054 sl 3002
Short below 2881, tgt 2863-2846 2898
Long above 2915, tgt 2933 sl 2898
Risky ShortTarget 50,570/50450
It seems the real trend will change above only 51,050 for #MCX Gold.
*Disclaimer : I just share my view. Please trade with your own and comfortable ideas.
Range BoundRange between 50,350 and 50,450 and 50,620 max.
Risky traders can go for it.
Disclaimer : I just shared my view. Please trade with your own and comfortable ideas. Thanks.
#MCX ZINC at BuyTarget 191.50/192.4
Main Stop Loss at 188
Disclaimer : I just shared my view. Please trade with your own and comfortable ideas. Thanks.
Sell NGLittle target 212/210.
Main stop loss at 219.
* Disclaimer : NG tips always for Risky traders.
Sell Zinc#MCX Zinc
Targets 194.75/194
* Disclaimer : I just shared my view. Please trade with your own and comfortable views.
