base metals tips

Stay ahead in the base metals market with our expert tips and analysis. Our research reports cover all aspects of base metals trading, including aluminum, copper, lead, nickel, and zinc, to help you make informed decisions and maximize your profits.

Will Zinc Return at a Strong Support Trendline?

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free commodity zinc tips chart

Zinc took a bounce back from the lower levels yesterday, and it has failed to break last week’s low level of 212.1. Intraday traders can initiate long positions for levels of 219.6 – 220.

If it breaks last week’s low, we may see 210 – 208.6 levels. Overall, it’s positive. Long positions can be initiate with targets at 221.6 – 224 – 230 in extension.

The DMI & MA is bullish and calls for further advance.

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Nickel’s Strong Buy Signal for Short-Term

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free commodity nickel chart tips

According to this chart, nickel is further advance. Once it breaks the hurdle, it will start marching for 1260 – 1280 – 1300 levels.

Hurdle: 1236

Whenever it hits the hurdle level, what will happen? Here, it will act as resistance. We may see reversal up to the support line (1212 – 1180).

Short-term investors can continue position for the above targets. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

This is part II. You can also refer to the previous report of nickel by clicking here.

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MCX Lead – Pitchfork, Bullish Flag & Double Top Pattern

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Here I have used the three most popular patterns, which are pitchfork pattern, bullish flag pattern, and double top pattern on MCX Nickel daily chart.

First, let’s start with a pitchfork pattern. Nickel is running on the support line area. This movement indicates a continuous uptrend ahead.

The second thing is the bullish flag pattern, which also indicates the same. After a short reversal, nickel will start marching for the following targets: 162 – 164 – 166+

If the trend breaks the support line, there will be an activation of the double top pattern, which indicates the fall to the following levels: 148 – 145 – 142.6

Additionally, a breakout of the neckline is a direct sign of an extreme downtrend. And that will become unstoppable and hit the following levels: 136 – 132 – 128

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ABC Correction started for the EWT on Aluminium

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free commodity aluminium tips chart

MCX Aluminium has started falling due to Elliott Wave’s ABC correction. Expected A is at 100% or 161% retracement of wave 5.

Therefore, it can start rising from here to the level of 164.4. The day traders can have the advantage of this impulsive ride of B.

According to ABC correction, we may see the Aluminium prices below 161.6 – 159.4 before the weekend.

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MCX Silver Trading Strategy for the Intraday Traders

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free commodity silver tips chart

Silver is growing slowly. According to this chart, silver is trying to move upside from the strong support trendline. It’s a potential reversal point based on a support trendline.

Currently, it has broken a strong support trendline. We have chances to see a tail, fakeout, or excess here. That can be up to a hurdle. And the hurdle breakout is a direct sign of a downtrend.

After all, 200 MA is recommending further advance here. So, we can pick the silver mega lot for the targets of 63000 – 63360 – 63660 – 64000+.

Safe traders can wait for a 50 MA breakout before entering as well.

If You Own MCX Copper, Look Out Below

free commodity copper tips chartClick here: Copper detailed reports & tips

In that newsletter, I had written in bold words, “according to a moving average and parallel channel’s support trendline, copper is strongly bullish. It can show us an all-time new high before the end of this month. So, the day traders can buy for the levels of 536 – 540 – 556+“.

On 16 Nov trading session, copper has made a high of 551 and touched the first two targets.

Click here: Will MCX Crude Palm Oil touch the 900?free cpo tips

How many of you bought MCX CPO? I had written, “currently, MCX Crude Palm Oil (CPO) shows an uptrend. By following the ADX, we can say that the trend will rise because ADX is greater than 25 (ADX>25), and +DI is above the -DI. Let’s have a look at the volume. Volume spikes double of the average, so this also shows an uptrend, and it will go to the 900 – 920 – 960+“.

Currently, CPO is running nearby 926 levels.

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MCX Gold, Gold Guinea, & Copper Detailed Reports & Tips

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free commodity copper tips chart

If You Own MCX Copper, Look Out Below

MCX Copper is playing under a parallel channel. Currently, it’s at the support trendline. Additionally, there’s a Fibonacci retracement value of 0.886.

The best trading strategy for the day traders is:
According to a moving average and parallel channel’s support trendline, copper is strongly bullish. It can show us an all-time new high before the end of this month. So, the day traders can buy for the levels of 536 – 540 – 556+.

Important – Due to the election of the USA.
From where it starts collapsing?
You can sell the copper at/below parallel channel or Fib retracement value 0.886 for the targets of 516 – 506.

free mcx gold guinea calls chart

MCX Gold Guinea price setting up for a big rally

U.S election results will come soon. Today, we have chances to see solid movements in MCX’s bullion sector commodities. And Gold Guinea crossed 50 MA upper side.

Intraday & short-term traders can buy using this strategy to make some money. Targets: 41800 – 42200 – 43000+

If it closes below 50 MA, then don’t hold your position in loss. I prefer to exit after it.

Do you want to know about MCX Gold?
Gold has touched the first two intraday targets: Click Here to Read Now

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