MCX Crude oil: Ascending Triangle Pattern (TP 5112)

Free commodity crudeoil tips & chart

Crude oil is forming an Ascending Triangle Pattern. According to the monthly chart and chart pattern analysis, the crude oil rally will not stop here. It will keep moving forward for levels of 5160 – 5300 – 5600+.

MCX crude oil target for intraday traders is 5112 level.

Read more

Crude oil, Brent oil, & Aluminium Chartolgy & Next Big Move

free mcx aluminium tips charts

Aluminium Is Close To Something Big

According to this chart, MCX Aluminium can fly from here if it does not close below 176.4 levels.

Targets: 178.6 – 179.6
Short-term targets: 180 – 181.6+

But, if it closes below 176.4 levels, then this call will deactivate. And it will start collapsing for the levels of 174 – 172 from there.

crude & brent oil tips & updates

Crude Oil Is Going to Blast – A New Update & Tips

How many of you sold crude oil on the previous Thursday?
Article: MCX Crude Oil & NYMEX Brent Oil In-depth Analysis & Tips

In the previous article on crude oil & brent oil, I said in bold words, “…so, intraday traders can set the following targets to make some money: 4560 – 4500 – 4460 – 4400 | …and, if brent oil breaks the hurdle ($66.60) and shows a closing price below it, we will see a heavy downfall. Targets: $64.6 – $62.8 and below”.

The crude oil has reached all targets..!!! Enjoy!

What next? Only premium subscribers can read a full report of crude oil.

Read more

MCX Crude Oil & NYMEX Brent Oil In-depth Analysis & Tips

NYMEX Brent Oil Futures – Simple Trading Strategy

free commodity nymex brent crudeoil tips & daily chart

Here, I have used MA, RSI, VOL, & DMI to identify the next move of Brent Oil. According to these indicators, it seems bullish ahead. We may see the following targets soon: $68.8 – $69.8 – $71+

But, if brent oil breaks the hurdle ($66.60) and shows a closing price below it, we will see a heavy downfall. Targets: $64.6 – $62.8 and below

What about MCX Crude oil? It looks downward for a short period. Look at the below chart:

free mcx crude oil tips chart

MCX Crude oil can go down for a retracement value of 0.236 in the upcoming days. So, intraday traders can set the following targets to make some money: 4560 – 4500 – 4460 – 4400

But, if brent oil breaks $66.60 upside, then change your position for the following targets: 4800 – 4880+

Read more

MCX CPO – Fifth Wave Rally Is Starting

free commodity cpo chart tips

Main scenario: consider long positions from the control price or support trendline for the target level of 1000 – 1040 – 1080 – 1100 – 1110.

Analysis: Daily time frame – presumably, the crude palm oil has started an Elliott wave and made the 4th wave, and now it’s making a fifth wave. According to EWT, the fifth wave will be completed at 61.8% or 50% of Fib retracement 1+3.

Alternative scenario: breakout and consolidation below the support trendline will allow the CPO to continue declining to the levels of 880 – 760.

Read more

Crude oil is bearish near-term – Elliott wave analysis

free commodity crudeoil chart tips

The crude oil started the bullish Elliott wave on the 4-hour timeframe. A new low, followed by a three-wave recovery to roughly 3760 – 3660 – 3470 can be expected before the uptrend resumes.

If there will be the upside breakout of wave 5 (Protective Stop: 3980), then it’s a failure of the Elliott wave pattern. What happens if it breaks wave 5? I will update it in my next post.

Read more

Is Natural Gas Ready to Complete a “Head and Shoulders”?

free commodity naturalgas chart tips

Natural gas started to make the head and shoulders pattern on the daily timeframe. First of all, let’s understand some basics about the head and shoulders pattern. Here, it’s a bearish head and shoulders pattern. In this pattern, the trend starts with the uptrend and makes the left shoulder, head, and the right shoulder. And after the completion of the right shoulder, it falls by breaking the neckline.

In this chart, the trend completed the left shoulder, and the head is almost there. And then it will create the right shoulder. It will fall up to the neckline to complete the formation of the head. And the targets to reach the neckline are as following 180 – 175 – 168.

After hitting the neckline, the next step of natural gas will be the right shoulder. As per the rules, the right shoulder can be similar to the left shoulder or, it can be at a higher level than the left shoulder. Because the left shoulder is at 203, the trend will march again to 203 to make the right shoulder. To reach 203, natural gas will hit 180 – 190 – 200.

And then the trend will take reversal and fall by breaking the neckline.
Targets: 195 – 185 – 175.

The offer is ending soon: Click here & Get 55% OFF

Read more