CRUDEOIL MCX - OCTOBER SERIES INVERTED HEAD AND SHOULDERCrudeoil is making inverted head and shoulder on 1 hour time frame
Weekly time frame is downtrend
Crudeoil trading at weekly strong demand zone
Target we may see 6072 and above that 6279
This chart is only for educational purpose. Do your own analysis before taking any trades
Mcxcrude
Silver is not afraid of rebounding and continues to fall
In the journey of life, you always have a part of the way that you need to walk and carry by yourself. Don't feel afraid or lonely. This is just the price of your growth.
Although the rebound of silver within the day was close to the previous rebound high, the bears did not give too many opportunities to rise. At present, the bearish trend is expected to form again. It is expected that silver will usher in another decline in the evening. For silver operation, it is recommended to sell at 24.13, risk control at 24.29, and the target is 23.70~23.35.
The silver daily line continues to close in the negative, but it may not go down again until it fluctuates around the short-term support around 23.70. The intraday pressure is 24.13~24.25, and the support is at 23.70~23.35.
Join me and I will guide you to a profitable trade 💵!
CRUDEHello and welcome to this analysis
UKOIL formed a Bullish Harmonic Gartley near $83.50 in weekly time frame and reversed from there. In the last few weeks after its 1st round of reversal from the Gartley PRZ it has formed a Cup pattern (rounding bottom) in daily time frame indicating a breakout above $98.50 for $106.
While CRUDE OIL at MCX has formed an Inverse Head & Shoulder pattern in daily time frame indicating a breakout above 7700 for 8200 and 8800. The movement in MCX Crude will largely be impacted by US$-INR also, keep in mind that factor also.
Zinc | Bullish sign for this Winter 2021MCX - Zinc offers 2 opportunity to ride the bullish trend. From the seasonality historical data, it has been always witnessed that by the end of November price starts accumulating demand the demands of the market.
As represented in the above chart, wait for the price to come near our area of interest and wait for other bullish conformations.
Will MCX Crude oil Come Back to 5500?Crude oil has broken March 2020 support trendline today. That is indicating a direct sell signal. If crude crossover & closes above to 5160 levels, then it can come out from the downtrend. And we may see 5300 - 5500 again.
According to the current breakout, MCX crude oil may hit the following levels: 4800 - 4760 - 4660 - 4590
crude- potential breakout playCrude is showing good signs of playing a potential breakout here for good Risk reward targets of 61.3/62.80 and higher.
we are holding on the higher edge of the profiles here and have a failed wick below as an additional confirmation. we need a bit of a stop run here above 60.30s for the idea to play out.
Idea invalid for hold below 59.60