Get daily MCX trading tips for Indian commodity markets and expert market research reports on bullion, energy, and base metals commodities to enhance your knowledge with our articles and empower your trades.
Have you remembered the wave analysis for MCX Crude Oil?
Visit here: NSE CRUDE OIL – Multiple Scenario Analysis
In our previous post, we explained that crude oil had formed a corrective pattern on the daily chart, labeled as (W) – (X) – (Y). Within wave (Y), a contracting triangle had formed. At that time, wave D had been completed, and wave E was just starting to develop. We also projected the entire wave E of wave (Y).
Continue readingDid you trade MCX Copper Wave Setup?
Click here: Long-Term View: IS MCX Copper Preparing For A Take-Off?
BEFORE
Sub-wave c of wave (2) of wave ((4)) occurred at 689.5. If the price breaks out wave B at 756, traders can trade for the following targets: 800 – 840 – 877+.
AFTER
