MCX Profit Booking and retest of breakout areaMCX weekly chart suggests profit booking and it has high probablilty to retest breakout area of INR1400. This dip may create a good buying opportunity near INR 1400.
MCX
Gold Buy around 49950-980 Stop Loss @ 49790 For TGT 50300-50550Market is Rejecticing from Lover Levels every time according to Trendline..........Its Price action
CRUDE OIL "Megaphone" DetectedA very interesting pattern. Sell crude oil in range of 2900-2930 Strict SL - 2961 Target - 2775
MCX CRUDE OIL BASED ON US OILPrice action setup og Crude Oil Mcx based on th US OIL
only at the marked point think of an entry
not before that
we need a change in momentum first
MCX Natural Gas Long-Term Outlook - Target 300+According to this chart, MCX Natural gas is further advance. We may see the following levels after a reversal.
Targets: 234.6 - 263.9 - 305.6
Intraday traders can run with 20 & 50 MA crossover. And long-term traders should stick with 200 MA to maximize profits.
Significant releases or events that may affect the movement of natural gas on Wednesday, Oct 28, 2020 :
02:00: U.S. API Weekly Crude Stock
20:00: U.S. Crude Oil Inventories
20:00: EIA Weekly Refinery Crude Runs
20:00: U.S. Crude Oil Imports
20:00: U.S. Cushing Crude Oil Inventories
20:00: U.S. Gasoline Production
20:00: U.S. Heating Oil Stockpiles
20:00: U.S. Gasoline Inventories
MCX CRUDE FUT CONTRACT BREAKOUT DONE !! Next TGT 3080 .. Trading range of the week is 2985 - 3085
Market May Behave Choppy
Educational Purpose Only ..
Consult Your Financial Advisor Before Investing
Silver above support and about to break the downtrendCheck out the important support and resistance on the Day chart of Silver. One can go long tomorrow if it happens to break the trend line on closing basis.
MCX : Nickel - LongNickel tried to break wedge on long side. Could try again tomorrow if it does so successfully. Horizontal Lines are TP1 - TP2 - TP3 - TP4 respectively.
Insta - cheese.papi_
MCX - SILVER Analysis Flag Pole formation in Silver; Higher probability of a positive breakout
Watch levels for target
MCXMCX:- Buy on decline,1860₹ is breakout level then door open for 2000₹ ++ level seen in upcoming days.. with sl 1525₹ DCB
#Disclaimer:-I just shared view for only educational purpose.
Buy Opportunity: MCX trading all time highMCX which is Multi Commodity Exchange is trading above all time high of 1600.
The previous all time resistance of 1600 was broken and currently it is trading at 1636 levels.
We can buy this stock at these levels and wait, keep a stop loss of 1460.
We are looking at weekly chart so our investment horizon will be for 3 months to 12 months.
** ideas are of my own *** please invest as per your risk appetite **
Natural gas forming head and shoulderShort naturak gas on brkout..taget given..out SL according to u
NATURAL GAS TAKING OUT RETAILERS AND MOVING TO DAILY LIQUIDITYAs a retailer you would have been probably stopped out below the support that i have marked below as a blue line.
In reality it was a well planned move to the upside.
BUY TRADE IN NICKEL... TRIPLE BOTTOM BREAKOUTTRIPLE BOTTOM BREAKOUT IN NICKEL INITIATING A BY TRADE WITH SL BELO 1095
Multi Commodity Exchange (MCX) at Multiple Support LevelMCX found Multiple Level Support i.e. 50% Fibonacci Retrenchment and RSI Support at Level 40
