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 Crude oil calls: Profit Booking Time

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free commodity crudeoil chart tips updates

Update: Will Crude Oil Hit 5400 Next Weekend?
How many of you bought crude oil nearby 5130 after reading my article?

I had written in bold words, “…so, what about short-term investors and intraday traders? If you look into 4 hours chart, it seems bullish from here. Crude oil is trying to break the resistance trendline. Whenever that the resistance trendline break, then we may see the prices at 5300 – 5400+“.

It has touched the first target.
Safe/intraday traders can book full profit here.
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Will Crude Oil Hit 5400 Next Weekend?

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free commodity crudeoil daily chart & tips

Crude oil has started moving forward since May. And it will not stop here. It’s just a WXY correction.

According to Elliott’s wave theory, it has completed the sub-wave under the 4th wave. It’s consolidation time. Crude oil prices may fluctuate between the range of 4000 – 5400. Hence, long-term investors can keep buying crude oil.

So, what about short-term investors and intraday traders? If you look into 4 hours chart, it seems bullish from here. Crude oil is trying to break the resistance trendline. Whenever that the resistance trendline break, then we may see the prices at 5300 – 5400+.

Kindly note, if crude oil remains below to resistance trendline, then do not buy.

What happens if it does not break the resistance trendline? To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

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FOMC Minutes: A confirmation for an explosive rally in XAUUSD

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free commodity gold chart tips

Gold has started collapsing nonstop after Nonfarm Payrolls data. And it stopped at my ‘tested many times’ level. XAUUSD has recovered 50% almost in the previous week. The gold spot needs to break the 1793.6 level to start an uptrend. Afterward, it will go for 1806 – 1826 levels. And these levels can push the gold price up to 1900. But if gold breaks the strong support again, it will start falling. This time, it won’t stop! Hence, the short-term traders can start selling from there for the targets of 1744 – 1726 – 1684.

MCX Gold Will Have An Explosive Rally This Wednesday

MCX traders should keep their eyes on the 46720 levels. It’s a trend changer. As per XAUUSD, Indian MCX Gold can raise 47500 – 48260 after a breakout of $1793.6. And if it breaks the strong support of Gold Spot, it will keep falling for targets of 46260 – 45860. For advance traders, watch significant releases or events that may affect the movement of gold, silver & crude oil. Especially, don’t forget to watch this Wednesday’s events to find out gold upcoming actions.Continue reading

Part 2: Silver will touch 69200 levels again?

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free commodity silver daily chart tips

Key level: 62110 On 6 June 2021, I had drawn a chart of silver (URL: https://moneymunch.com/mcx-silver-touch-69200-this-week-tips/). Wherein, I’ve shown the silver can collapse up to 0.618. It has made a low of 62184 and touched 0.618 levels of retracement. If MCX silver crossover and close below the level of 62110, it will try to hit 60000 – 58900 – 57260 levels. Otherwise, it will take a bounce back from here and come back to the 65800 – 69200 levels. Continue reading

Will MCX Crude oil Come Back to 5500?

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free commodity crudeoil 4h chart

Crude oil has broken March 2020 support trendline today. That is indicating a direct sell signal. If crude crossover & closes above to 5160 levels, then it can come out from the downtrend. And we may see 5300 – 5500 again.

According to the current breakout, MCX crude oil may hit the following levels: 4800 – 4760 – 4660 – 4590

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XAUUSD (Gold Spot) & MCX Gold Will Skyrocket?

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In June, XAUUSD and MCX Gold crash due to FOMC events. It has recovered almost 60% to 70% loss in the July month.

You can read the previous articles of Gold Spot and MCX Gold to catch the next move.
June 27, 2021 – Outlook: Gold downtrend stopped at 46720

I have written, “It’s not sellable until following the above scenario. We can see the gold prices at 48000 – 49000+ in the upcoming days”.
And MCX Gold has completed the first target in the last week.

June 21, 2021 – Will Gold Spot Decline More?

free gold spot (xauusd) daily chart & signals

Weekly outlook of Gold Spot

Gold spot needs to break 1809 levels to retest support of 1793.6 – 1783.6. These support levels will push the gold price higher. Gold isn’t sellable until the breakout of 1766 (strong support).

XAUUSD will touch 1858 – 1898 levels soon.

free commodity gold daily chart tips

Weekly Outlook of Indian MCX Gold

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