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EWT – MCX Zinc Is Ready For Its Final Impulse

November 2, 2022, 10:30 amNovember 2, 2022 4 31708

MCX zinc has been forming the corrective structure in the descending channel for more than 28 weeks. The ending point of impulse was 383.55.

At present, MCX zinc has accomplished the corrective wave ((B)) and started forming sub-waves of the impulsive wave (C). Price has completed 78.6% retracement, where wave A = C at 217. Zinc has accomplished wave (4) of wave ((C)). Wave ((C)) retraced 61.8% of wave ((A)). Zinc is trading below 50-day EMA, and RSI is above 30.

Zinc will try to test the price hurdle of 267, so traders can sell zinc nearby 267 for the following targets: 252.6 – 246 – 244.

Target measurement using the Fibonacci relationship:

Wave (5) of wave ((C)) can end near 161.8% reverse Fibonacci retracement.
Wave ((C)) can occur near 100% extension at 217, where wave A = C.
Wave ((C)) can cease to exit at the lower band of the parallel channel.

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MCX Gold & Nickel – Profit Booking Time

February 24, 2022, 12:42 pmMay 31, 2022 6 19907

Did you read the gold report? If not, click the below link.
22 Feb 2022: MCX Gold’s Bullish Mode Activated

While the gold price at 50532, I had written, “we will see the gold price above 51160 – 51740“.

Today, it has touched the first & second target. Who bought it? Profit per lot: Rs.1,20,800

I have updated a full report of Nickel on Feb 6, 2022. Did you read it? If not, click the below link:
2020’s Uptrend Channel Is Everything For MCX Nickel

I had written, “It’s a 100% sign for a buy signal. But intraday or short-term investors should confirm that breakout before proceeding. And they must look out for candle’s fakeout. Afterward, be ready for the targets of 1800 – 1840 – 1876+“.

Today nickel has touched all targets. Who bought it? The target was 133.4 points. Profit per lot: Rs.2,00,100

What else do you need from a free subscription!?

2020’s Uptrend Channel Is Everything For MCX Nickel

February 6, 2022, 3:12 pmMay 31, 2022 4 23249

MCX Nickel is following the above uptrend channel from 23 Jan 2020. And making a good trade opportunity for commodity traders. Nickel’s upward trend is not over yet. But we may see a downfall below the control price, and it can be up to 1686 – 1620.

But what happens if it breaks the control price?

It’s a 100% sign for a buy signal. But intraday or short-term investors should confirm that breakout before proceeding. And they must look out for candle’s fakeout. Afterward, be ready for the targets of 1800 – 1840 – 1876+.

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Unlocking The Next Targets of MCX Gold, Crude oil, & Aluminium

October 24, 2021, 3:31 pmMay 31, 2022 8 46149

Gold Price Slowly Going Upside

Key levels: 48113 – 47616
MCX gold has been moving under the range of 48113 – 47616. It’s a very crucial point. We may see a continued uptrend ahead if it breaks and close above 0.382 retracement level. That can be up to 48260 – 48490 – 48600 – 48700.

And if it breaks down the 0.5 retracement level, then we may see 47496 – 47300 – 47160.

Kindly note, 47616 is strong support.

Beware, Crude Oil Bulls – That’s the Beginning of the End

Barrier: 6290 level
Crude oil may keep running upward for the levels of 6360 – 6500+. To maintain an uptrend, it has to crossover the hurdle level of 6290 by closing above.

And if it breaks the level of 6060, then wait for my update.

Aluminium Is Going To Test Critical Technical Support Levels

MCX Aluminium is coming back to the strong support of 226.6. Be ready to jump on it.

Gold, Silver, Nickel, & Aluminium Outlook & Updates

October 10, 2021, 5:49 pmMay 31, 2022 4 20504

Silver Technical Analysis with Gann & Fibonacci

Currently, silver has jumped back into the uptrend area. It has also broken the parallel channel in the last trading session. But, the buy is not confirmed yet. The uptrend can be resume if it remains above 0.618 of retracement level and 3/1 & 8/1.

If that happens, then you can buy for the targets of 63900 – 65100 – 65960 – 68454.

What happens if it’s fake-out? That’s a straightforward scenario on the above chart. MCX silver futures will come under the control of sellers in the downtrend area. It will fall nonstop for the targets of 59960 – 59400 – 58600 – 55765.

Part 2: MCX Gold Price Limited Downside, Big Upside

In the previous week, gold has made a high of 47370 (+531 / +1.14%) and closed at 47037.

First, did you read my last gold outlook report? If not, click here and read it now.

As I had written, “If gold does breakout of 46860 level, then we may see 47276 – 47600 – 47960+. Don’t get confused! You have to watch out the level 46860 for an uptrend, and the closing price below the Doji candle indicated a bearish trend signal”.

At present, gold is under buying pressure. We will see the remaining targets soon.

Condition: it has to break/close above to 0.618.

Will Nickel Hit the 1570 level?

How many of you read the 27 Sep technical report of Nickel? If you did not read then click the below link:
MCX nickel’s Elliott wave projection (Target 1570)

Nickel has started rolling upward to complete the 5th wave. Be ready to see 1506 – 1532 – 1550 – 1570 target levels.

Aluminium Update

Did you read my Aluminium report? If not, then click the below link:
Aluminium Should Run Up To 240+ In Next 30 Days

I had written, “aluminium has made an all-time new high of 236.3 and declined. It can dig more upside from here. Before that, we may see retesting of 229 – 226.8 levels.
Afterward, it can move for the target of 233.6 – 236 – 238+.”

Aluminium has tested 226.8 on 30 Sep by making a low of 226.1. Afterward, it started moving forward and touched all targets.

If you’re still losing money in MCX trades, nobody can help you.

Crude oil, Nickel, Aluminium & Mentha oil Tips & Updates

September 27, 2021, 12:28 pmMay 31, 2022 4 22061

MCX nickel’s Elliott wave projection (Target 1570)

Nickel has started moving forward since March 2021. It will complete the 5th wave soon.

According to Elliott wave projection, MCX nickel can touch 1570 to end the 5th wave.

Intraday & short-term traders can buy nickel for the target of 1485.6 – 1506 – 1532 – 1550 – 1570.

Premium Subscribers: Please login to unlock entry-level and stop loss.

Aluminium Should Run Up To 240+ In Next 30 Days

Key levels: 229 – 226.8

Aluminium has made an all-time new high of 236.3 and declined. It can dig more upside from here. Before that, we may see retesting of 229 – 226.8 levels.

Afterward, it can move for the target of 233.6 – 236 – 238+.

Latest Update: Crude Oil Call

Crude oil has completed all targets in the previous week’s trading sessions.

Latest Update: Will Mentha Oil Touch 960 Level Again?

Mentha oil has touched the second target.

NEWLY PUBLISHED COMMENTS: READ WHAT THEY’RE TALKING ABOUT...

Dinesh Vaghmare said on Jan 24 2023
Waiting for the next update.
Girish Reddy said on Jan 24 2023
Keep up the great work.
SREENATH GALIPELLI said on Jan 24 2023
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Bajrang Nayak said on Jan 24 2023
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waheed khan said on Jan 24 2023
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Lalji Bhamar said on Jan 24 2023
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wfhmom07 said on Jan 24 2023
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