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 & 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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MCX Mentha Oil Overall Outlook Is ‘Strongly Bullish’

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Free commodity mentha oil chart tips

First, wait for a clear ascending triangle form. Right now, MCX Mentha oil at the support trendline (rising lower trendline). It will try to hit 964 – 986 – 1000 – 1020 levels from here. Intraday traders can go with the current trend.

But don’t buy below the support trendline. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

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Here’s Why MCX Copper Yesterday Moved Down

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free commodity copper daily chart tips

LONG-TERM INVESTORS:
Copper has broken March 2020 resistance trend line, and true resistance breakout is a clear signal to buy. Target prices for long-term traders: 760 – 800+

INTRADAY TRADERS:
But at present, MCX copper can pull back to the previous resistance line to continue an uptrend. So, intraday traders can sell for the following targets: 690 – 680 – 676

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PART 2 – When Will MCX Gold explode?

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free commodity gold chart tipsAs expected, gold has started collapsing after a breakout of the test level. Will it keep falling?

First, click here and read the previous article on gold: When Will MCX Gold explode?

Today’s Gold Chart →

free commodity gold chart tips

I have written in clear words, “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 the first three targets by making a low of 45861. Profit per lot Rs.2,10,000

Anyway, what next? Gold can take a U-turn from here. This can be up to 46760 levels. Overall, it’s under a downtrend.

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