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Look at the above weekly chart of MCX Copper. It has created an ascending channel pattern without breakout. This channel started in the previous year’s April month. At present, it’s falling after making a tail. But how much it can go down? Copper may fall more from here, and that can be up to levels.
But overall, it’s on an uptrend. So, soon it will start marching for the following levels:
Is it a good time to take a long position in silver?
According to the previous data, it has breaks 2021’s support trendline. But the price has bounced off from the 200 moving average. And it’s not crossing the 0.886 value of retracement. Hence, at the present silver trading range is between 73222 – 69076 levels.
This week silver may collapse up to 0.786 ( TP: ). And hurdle is 73222 level…
Mentha oil can try to collapse up to the support line before hitting the following targets: 986 – 1000 – 1020
Attention: don’t buy below the support trendline.
This MCX Mentha oil research is based on the Feb 24 article.
Click the below link to read it: MCX Mentha Oil Overall Outlook Is ‘Strongly Bullish’
The formula that we will use to find the 5th wave:
Difference of, 5th Wave = 3rd wave Extended – 1st Wave Read more
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Recently published comments: Read what they’re talking about…
- Moneymunch.com said on Wednesday 2nd of June 2021
We will update it soon.
- Jigar Mithaivala said on Tuesday 1st of June 2021
- MoneyMunch said on Tuesday 1st of June 2021
Fib. Retracement Swing High: 56191 Swing Low: 44108
- Maheshkumar said on Tuesday 1st of June 2021
what's fibonacci 0 & 100 levels?
- SUNNYKUMAR SHAH said on Sunday 9th of May 2021
HUM SILVERM ME TRADE KARTE HE. PLS CALL ME
- MUDASSIR FAROOQUI said on Monday 12th of April 2021
very perfect call. very good sirji