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Join Today (Free): Commodity Tips | Forex Signals

WEEKLY FREE TIPS & NEWS OF MCX COMMODITIES: MCX Gold, Silver, Crude oil, Natural gas, Copper, Nickel & Kapas

U.S. Stock Market S&P 500 Stock index future show new high with solid uptrend plus MCX Gold was jumped above 3% on last week and closed below Rs.133 on Friday. Bullion sector is looking weak for this week and metals are very strong rather than gold & silver. MCX Crude oil and Natural gas will move continue downwardly.

MCX-Gold

Overall MCX Gold is looking downward for this week and It will kiss 28970 – 28730 – 28400 below plus if opening bell downward then intraday targets 29280 – 29130. If once it cross or close continuously above 29790 level then it may touch 29900 – 30000+

mcx silver

mcx-crude-oil

MCX Crude oil is 110% downward & very hot! Keep your small eyes on opening bell. Intraday: 6142 – 6110. Hurdle: 6235
Short term: 6080

Natural gas

Sell Natural gas if it close below 228 level. Long term targets: 226 – 224 – 222 – 220 below.
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MCX-Copper-10-20-13

Opening bell should be anywhere! Just sell with targets: 446-444
Long term target: 442.5

mcx nickel

Who have lion heart? It can play with Nickel. If once open upward then buy buy buy… Targets: 872.5 – 876+. Remember, if open downward then keep silence..

mcx kapas

If MCX Kapas khali [Last close: 1642.5] open upwardly then small traders can jump on it like ants. Targets: 1648-1653

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Upside Breakout Chart Pattern Rectangle

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Upside Breakout Chart Pattern 

Implication

A Pennant (Bullish) is considered a bullish signal, indicating that the existing uptrend may proceed.

Description

A Pennant (Bullish) observe a steep, or almost straight rise in cost, and consists of two converging trendlines that form a narrow, narrowing flag shape. The Pennant shape usually seems as a horizontal shape, rather than one with a downtrend or uptrend.

Separate from its shape, the Pennant is equivalent in all areas to the Flag. The Pennant is also comparable to the Symmetrical Triangle or Wedge continuation patterns however; the Pennant is typically shorter in duration and flies horizontally.

Upside-Breakout-Chart

Trading Considerations

Inbound Trend

The constant trend is an significant characteristic of the construction. A superficial inbound improvement may indicates a length of combination before the amount move recommended by the construction begins. Look for an inbound trend that is extensive than the duration of the structure. A ideal idea of finger is that the inbound trend should be at least 2 times the duration of the construction

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SELLER DAY: MCX Crude oil, Lead, Cardamom and Guar seed

mcx crude oil

Who want hug profit? Go and sell MCX Crude oil… Once it cross 6432 and open downward then sell it with targets: 6403-6391

mcx-lead

Once it cross 130 level then sell it.. small traders for intraday targets: 129.5-129.3
Don’t forget to keep your eyes on opening bell… if up then leave it!

ncdex cardamom

Sell MCX Cardamom @ opening bell without any worry.
Targets: 702-697 below

ncdex Guar Seeds

Sell MCX Guar seed @ from every corner.. Targets: 5932-5863

 

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Commodity weekly free tips: MCX Gold, Silver, Lead, Crude oil, Cardamom & Guar seed

mcx-gold-chart

mcx silver

I don’t need to write something new here. You can check my 09 SEP article about Silver: https://moneymunch.com/weekly-outlook-of-mcx-gold-and-silver-cardamom-update/ There, I had written where silver will go!
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mcx lead chart

Look at above chart, you can see support 127.7. Once MCX lead cross and close below for 1-2 trading session means it will touch 126 – 124.2 – 122.5 – 120.5 levels non-stop. If lead not close below support means it will definitely kiss 134.6 – 139.2 – 140.6 – 143.8 levels without single one stop!
Now the choice is yours!
Exact direction with Stop loss for subscribers only!

mcx-crude-oil

Crude oil is at very crucial level. subscribers, are you ready for long-term position? Today, I will update for you only @ opening bell!

mcx ncdex cardamom

Cardamom is looking awfully downward. I feel we should sell it. Intraday Targets: 747-743 & Short term targets: 738-734 below
Yes, it stop loss is last week high for users. subscribers, you will get stop loss soon.

NCDEX Guar Seeds

Guar seed is the best pick for this week. You can sell it with targets: 6466-6394. S/L is available for subscribers only!

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New update: MCX Gold, Silver, Mentha oil and Cotton

mcx gold tip

Respected Readers, do you remember date: Sep 09, 2013? I was updated about Gold & Silver – Long term direction?
Click here to read Sep 09 Newsletter: https://moneymunch.com/weekly-outlook-of-mcx-gold-and-silver-cardamom-update/
What I said, “New support 31,432 level. If close below my support then without any question, Gold will go down 31,226 – 31,122 – 30,916 below.
Targets hit
My Gold all targets completed in that week!

mcx silver
On SEP 09 newsletter, I had also written about Silver.
“MCX Silver is very clear. If it closes below 52,431 level then it will downside 50,356 – 48,621 – 46,885 – 45,509”
target hit
Yesterday, silver just missed few points to touch our second target. Now, I am expecting many more from MCX Silver. Big boom is near![

Today, I am expecting …MCX Mentha oil & Cotton will go downside! (SELL)
I will update further information for Subscribers only!

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India’s Anti-Gold Policies: Symptom, Not Cure

Controls on gold inflows don’t fix the causes of capital outflows.

What’s going on in India is nothing new. We’ve seen it over and over again throughout struggling economies.

These attempts to control movement of currency are very common when a government is faced with problems like India’s. They actually create a more crippling environment than the one they are put in place to improve.

Gold has always been and will always be the safe haven of choice when people lack confidence in their government. Lacking confidence doesn’t only mean that they’re not certain they’ll perform well, but it also may mean that they don’t trust their government to operate in their best interest. Starting with allowing economic freedom, and defending the value of the currency.

What are these currency controls recently put on gold in India?

They’ve prohibited and restricted loans to customers of gold bullion;They’ve raised the import tax on both gold and silver to 10%;The sale of gold may only be made to jewelers or bullion dealers to supply the jewelry industry;Gold importers must ensure that 20% of all gold imported is to be exported as product. Continue reading