MCX
Silver- Start of Motive wave 1 of 5We may be see start of wave 1 of 5 soon.
This idea only holds valid when silver/gold ratio dont break the support and there's a crossover in momentum oscillator.
Sell GoldLittle target 51,200/50,950
Main Stop Loss at 51,655
*Disclaimer : I just shared my view. Please trade with your own and comfortable views.
SELL NATURAL GAS BELOW 20 EMA FOR 50 EMANATURAL GAS MOVING CLOSURE TO 50 EMA, A LITTLE SUPPORT AT 20 EMA. ADVICE TO SELL BELOW 20 EMA FOR TGT OF 50 EMA, A SHAPE OF REVERSE CUP WITH HANDLE IS ALSO FORMED IN MCX ON DAILY CHART. KEEP EARNING.
Silver on Symmetrical Triangle Silver has formed symmetrical triangle and we expect it to be more prudent if it breaks downward. Why? It is giving signs of weakening after a good upmove , thus possibly a retracement is due.
MCX LOOKS STRONGPLEASE SEE CHART FOR DETAILS
BUY IF SUSTAIN ABOVE : 1600
TARGET : 1800
STOP LOSS : 1570
**These are my personal observations. Please trade at your own risk.**
MCX - GOLD AnalysisHere's a short term analysis for MCX-GOLD
Fibonacci Levels shown in the image might act as targets.
50% retracement level would need a re-analysis.
CRUDE OIL MCX shorting opportunityCrude oil has history of huge movements in one direction.
GMMA analysis shows the change in trend.
Look for selling opportunity in rallies.
Selling around 3000 level would be profitable.
your humble trader
Kiran
NATURAL GAS MCX TIME TO BUY FOR SMALL RUN NATURAL GAS IS BEST TIME TO BUY AS IT HAS BOUNCED UP FROM ITS HISTORICAL SUPPORT.
MCX Gold - Long Term View - Is the Top getting in place?It may be possible that top is or getting in place for Gold in MCX. Will continue to monitor over the next few weeks.
Mcx short sellMcx make it high on high and touch to its strong resistance so trader please aware of market in buying side risk to reward ratio is very less for sure to take sell position until it come to support
Short Term Trading levelsResistance 1 : 51,550
Resistance 2 : 51,350
Support 1 : 50,400
Support 2 : 49,900
MCX COTTON BRAKING OUT TRADECOTTON BRAKE OUT FROM THE LONG TERM RESISTANCE. SOME WHAT SIMILAR TO THE INVERTED HEAD AND SHOULDER.
LET SEE HOW IT DEVELOPS.
