MCX Base Metals Trading Tips

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

March 21, 2021, 6:16 pmJuly 1, 2023 5 22221

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 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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Here’s Why MCX Copper Yesterday Moved Down

February 23, 2021, 11:39 amJuly 1, 2023 0 20345

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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MCX Nickel – Parabolic Curve Pattern & Tips

February 2, 2021, 6:46 pmJuly 1, 2023 0 26385

This is MCX Nickel weekly chart. Price projection is based on Parabolic Curve & Fib Retracement.

As mentioned in the chart, At the end-point of Base 3, indicated by the “X” symbol, the nickel could double in the shortest period of time. Targets: 1426 – 1632 – 1778 – 1854 – 1962 (2.618 – Based on Fib Retracement).

If nickel breaks the curve line, it can collapse up to “X” or base 3 deep. Hence, we can see the following targets from the selling point: 1130 – 1050 – 960 – 850 and below.

Remember, trade with the direction of the breakout. And stop-loss above/below breakout level.

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MCX Aluminium 2021’s Supercycle

January 5, 2021, 3:32 pmJuly 1, 2023 6 20440

MCX Aluminium is moving sharply. Its range is 21 to 23 bars or a month. It can fall back up to the support trendline (TP: 159 – 156).

According to this chart, aluminum will not stop here. It is further advance up to 168 – 172 – 176 levels.

PREVIOUS TRADING CALLS UPDATES

Gold 2021’s Supercycle – 1st TARGET REACHED
Is Natural Gas Ready to Complete a “Head and Shoulders”? – 2nd TARGET REACHED

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MCX Copper in a Temporary Pullback (EWT)

January 1, 2021, 6:02 pmJuly 1, 2023 3 21707

Copper has made the Bullish Elliott wave on the daily timeframe. It’s completed the five-wave cycle, ABC correction is remaining. After the 5th wave, the trend started to make the A, and it’s still making it. MCX copper has to cross 585 – 580 – 560. After that, it will rise for a short period to make the B. And it will fall again to make C. But all over, it’s an uptrend.

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MCX Zinc & Lead Tips & Elliott Wave View

December 29, 2020, 7:05 pmJuly 1, 2023 0 23988

MCX Lead Short-term Cycle Shows Big Trend

It’s the daily chart of the lead. Here, it has made the bullish Elliott pattern, and the ABC correction was completed on the 24th of December 2020. And right now, it started to move upside as per the rules of the bullish Elliott wave pattern. And it will move upwards till 158.6 – 162.

MCX Zinc Will Touch 240 by EWT

Here’s the daily chart of the MCX zinc. It has made two Elliott waves. The first one is bearish, and the second one is bullish. The bearish was started from the 11th of April 2019 and ended on the 19th of March 2020. The bullish one started on the 19th of March 2020, and the fifth wave of this Elliott wave is remaining. In the Elliott wave theory, each wave has five sub-waves.

Short-term investors can see the following levels soon: 228 – 234 – 240.

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

Krupa1977 said on Jun 3 2026
High-quality analysis as always
PeakAlpha said on Jun 3 2026
Everything looks clean and easy to follow
babensky said on Jun 3 2026
The way you mapped out the text notes makes this logic effortless to understand.
Veer Malik said on May 24 2026
Ekbari padhlo fir image ko dekhna guys. Very simple to understand. Nice explanation mam!!!!
NSETrader007 said on May 24 2026
Will market go up or down on Monday?
rajeshmalti1976 said on May 24 2026
This is a perfect example of what you taught us last week. Thank you!
sanjay kumar swain said on May 23 2026
gail ka rate 160 hai