Commodity MCX / NCDEX tips

Discover our category for free expert commodity trading tips and insights on Indian MCX, NCDEX, and COMEX markets. Expand your knowledge with our collection of educational articles and research reports to enhance your trading skills.

MCX Gold & Gold Spot Price Ready For Another Rally Attempt

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free commodity comex gold spot chart signals

COMEX Gold Price Trapped at Control Price

Gold futures preparing to come at $1740 – $1750 – $1760. Day traders must wait for a breakout of the control price line before entering.

The uptrend will end whenever the gold spot price breaks strong support.

free mcx gold 4-hourly chart & tips

Is Gold Going To 45700 Or Higher?

The chart above indicating a clear uptrend continuation. We may see sideways movement before it hits the top of the rectangle.

According to the Darvas box (rectangular formation), MCX gold will move upward gently this week. Hence, intraday traders can jump between the range of 45200 – 45300.

Targets: 45560 – 45680

If gold breaks the bottom of the rectangle, don’t buy. And wait for my next update on the gold.

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MCX Natural Gas Head and Shoulders Trading Setup

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free commodity naturalgas tips charts

Natural gas Head and Shoulders Suggesting Price Crash

MCX Natural gas has made head and shoulders patterns on the weekly timeframe. And the two shoulders are overlapping. Sell confirmation is line breakout.

Recently, it has broken 200 moving average. If it shows closing price below the neckline and 200 MA consecutively, NG will fall nonstop.

X and Y are the formation’s size. Here is the value of x 100 and y 74. So, according to H&S formation, it can collapse up to 112 – 86.

Hurdle: 196
Short-term targets:Continue reading

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

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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!

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

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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+ To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

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MCX Gold & Mentha oil Tips & Updates

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PART 2: When Will MCX Gold explode?

free commodity gold chart tipsOn 15 Feb 2021, I have written an article on Gold. First, click below & read again:
When Will MCX Gold explode?

I have written in that article, “If gold remains below 47296 levels, it will come down to 0.618 value of Fib retracement. Targets: 46860 – 46600 – 46000 – 45660 – 45200“.

Gold has touched all targets.

free commodity gold tips

NEW UPDATE:
Keep eyes on the retracement value of 0.618. It will act as a resistance.

Targets: 44260 – 43600 – 43000 – 42260

Alternative scenario: If gold remains above 45200, it may try to hit 0.382 (TP: 46000 – 46800+).

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UPDATE: Mentha oil – Profit Booking Time

How many of you bought Mentha oil after reading this report?
MCX Mentha Oil Overall Outlook Is ‘Strongly Bullish’

free commodity mentha oil chart tips

Mentha oil made a high of 964.9 yesterday, and the first target has come.
Approx. Profit /L = Rs.15,000+

The short-term investors can book profit here. As I mentioned in the above chart, it’s MA crossover time. It may move sideways.

Overall, it’s in an uptrend. Hence, the targets will remain the same.

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MCX Gold Guinea’s Downtrend: Is This Just the Beginning?

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free mcx gold guinea daily chart tips

MCX Gold Guinea is following a parallel channel since August 2020. Recently, it has touched the support trendline and started moving forward. Will it keep moving? How much? It will keep running for 37600 – 38000 levels.

But according to MA, Gold Guinea should keep falling. And for the following levels: 36800 – 36400 – 36000

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