Free Stock, Commodity, Forex Trading Tips & Education Articles

MCX Gold, Gold Guinea, & Copper Detailed Reports & Tips

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free commodity copper tips chart

If You Own MCX Copper, Look Out Below

MCX Copper is playing under a parallel channel. Currently, it’s at the support trendline. Additionally, there’s a Fibonacci retracement value of 0.886.

The best trading strategy for the day traders is:
According to a moving average and parallel channel’s support trendline, copper is strongly bullish. It can show us an all-time new high before the end of this month. So, the day traders can buy for the levels of 536 – 540 – 556+.

Important – Due to the election of the USA.
From where it starts collapsing?
You can sell the copper at/below parallel channel or Fib retracement value 0.886 for the targets of 516 – 506.

free mcx gold guinea calls chart

MCX Gold Guinea price setting up for a big rally

U.S election results will come soon. Today, we have chances to see solid movements in MCX’s bullion sector commodities. And Gold Guinea crossed 50 MA upper side.

Intraday & short-term traders can buy using this strategy to make some money. Targets: 41800 – 42200 – 43000+

If it closes below 50 MA, then don’t hold your position in loss. I prefer to exit after it.

Do you want to know about MCX Gold?
Gold has touched the first two intraday targets: Click Here to Read Now

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LUPIN The Precious Reversal after AB=CD and now Butterfly Pattern!

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Precious seen AB=CD pattern on LUPIN. The “B” retraced at exact 61.8% and BC project at accurately 1.168%. After completing this pattern, extreme fall was seen in the price.
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Bullish Butterfly pattern required “B” mid-point 78.6% retracement and The price can fall 1.27.

The reversal can push the price to previous level first 938 and 980.

The price a rise near of the range 853 and 846.

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MCX Gold & Crude Oil Trading Tips & Analysis

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free commodity gold tips & chart

MCX Gold Measured Moves

Gold has made a Doji in the weekly chart. It’s a direct sign of a reversal. And wherein ADX is less than 25 but +DI above the -DI. Additionally, the 20 MA line is trying to stay downside.

In short, DMI & MA is throwing a strong upward signal. Moreover, its volume is increasing. This week, we have chances to see gold prices above the 51860 levels. The day traders can follow the following targets:
51000 – 51360 – 51860+

And short-term investors can hold for 52000 – 53000 – 53560+ levels.

All you need to do is watch out for a dynamic support trendline. It should remain above it. Else, it will start falling. And that downfall for the levels of 50000 – 49600 – 49360.

Significant releases or events that may affect the movement of gold & crude oil:
Monday, Nov 02, 2020

  • 11:00 – Gold Index

Tuesday, Nov 03, 2020

  • 05:30 – U.S. Presidential Election

Wednesday, Nov 04, 2020

  • 02:00 – U.S. API Weekly Crude Stock
  • 21:00 – U.S. Crude Oil Inventories

free MCX crude oil calls chart

Crude Oil Price Setting Up For A Downside Price Rotation

First, let’s talk about the previous update of crude oil . There, I have drawn the symmetrical triangle bearish pattern on the hourly chart of MCX’s crude oil.

free commodity crude oil chart tips

I had written for the day traders, “…the last expected stop is at E. So, we may see crude oil at/below 2840 – 2820 level”.

THESE TARGETS HAS REACHED.

And for the short-term traders, I had written in bold words, “this symmetrical triangle base range is 378 points. So, the game will begin whenever crude oil will break out the triangle pattern . Downward breakout’s targets: 2610 – 2500 – 2460“.

Crude oil has touched the first target (2610) by making a low of 2606 level on 29 Oct ’20. Now let’s come to the point, will crude hit the second & last target or not?

CRUDE OIL DOWNSIDE BREAKOUT ALERT!
If crude oil prices break out the 2600 level, we will see 2540 – 2500 – 2460 levels before the weekend.

Please note that don’t sell it above the 2600 level.

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Developing Crab Pattern In Nifty

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The “B” mid-point is at 61.8% of XA leg.
(Alternate Bat required exact 38.2% B retracement)

For the Crab pattern or Gartley, the “B” can be 61.8% but D must me equal or more than 2 AB = CD.

By the looking on the chart, we have 2 best entry point to enter long side.

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TATA MOTORS LTD. good opportunity to Invest in

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It is near the main support line and likely to take its support and move up direction.
At the current level there is two support acting, 1st main support and 2nd symmetrical triangle ascending lower trend, so it has a strong support.
In the past it had already made a symmetrical triangle and was so accurate the price target was perfectly followed, so it is concluded that that price will follow its support and move up, The triangle itself is neutral, it still favors the direction of the existing trend and traders look for breakouts in the direction of the trend.
BUY ZONE -128-123
STOP-LOSS -119
TARGET -163

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MCX Cotton rising by global demand – Target 20000+

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free commodity cotton tips daily chart

According to fundamental research, MCX (NCDEX) cotton seems strongly bullish ahead. The short-term investors can start buying cotton nearby highlighted area for the targets of 19860 – 20000 – 20260+.

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