free MCX crude oil calls chart

MCX Gold & Crude Oil Trading Tips & Analysis

free commodity gold tips & chart

MCX Gold Measured Moves

Gold has made a Doji in the weekly chart. It’s a direct sign of a reversal. And wherein ADX is less than 25 but +DI above the -DI. Additionally, the 20 MA line is trying to stay downside.

In short, DMI & MA is throwing a strong upward signal. Moreover, its volume is increasing. This week, we have chances to see gold prices above the 51860 levels. The day traders can follow the following targets:
51000 – 51360 – 51860+

And short-term investors can hold for 52000 – 53000 – 53560+ levels.

All you need to do is watch out for a dynamic support trendline. It should remain above it. Else, it will start falling. And that downfall for the levels of 50000 – 49600 – 49360.

Significant releases or events that may affect the movement of gold & crude oil:
Monday, Nov 02, 2020

  • 11:00 – Gold Index

Tuesday, Nov 03, 2020

  • 05:30 – U.S. Presidential Election

Wednesday, Nov 04, 2020

  • 02:00 – U.S. API Weekly Crude Stock
  • 21:00 – U.S. Crude Oil Inventories

free MCX crude oil calls chart

Crude Oil Price Setting Up For A Downside Price Rotation

First, let’s talk about the previous update of crude oil . There, I have drawn the symmetrical triangle bearish pattern on the hourly chart of MCX’s crude oil.

free commodity crude oil chart tips

I had written for the day traders, “…the last expected stop is at E. So, we may see crude oil at/below 2840 – 2820 level”.

THESE TARGETS HAS REACHED.

And for the short-term traders, I had written in bold words, “this symmetrical triangle base range is 378 points. So, the game will begin whenever crude oil will breakout the triangle pattern . Downward breakout’s targets: 2610 – 2500 – 2460“.

Crude oil has touched the first target (2610) by making a low of 2606 level on 29 Oct ’20. Now let’s come to the point, will crude hit the second & last target or not?

CRUDE OIL DOWNSIDE BREAKOUT ALERT!
If crude oil prices break out the 2600 level, we will see 2540 – 2500 – 2460 levels before the weekend.

Please note that don’t sell it above the 2600 level.

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free mcx naturalgas calls chart

MCX Natural Gas Long-Term Outlook – Target 300+

free mcx naturalgas calls chart

According to this chart, MCX Natural gas is further advance. We may see the following levels after a reversal.

Targets: 234.6 – 263.9 – 305.6

Intraday traders can run with 20 & 50 MA crossover. And long-term traders should stick with 200 MA to maximize profits.

Significant releases or events that may affect the movement of natural gas on Wednesday, Oct 28, 2020:

  • 02:00: U.S. API Weekly Crude Stock
  • 20:00: U.S. Crude Oil Inventories
  • 20:00: EIA Weekly Refinery Crude Runs
  • 20:00: U.S. Crude Oil Imports
  • 20:00: U.S. Cushing Crude Oil Inventories
  • 20:00: U.S. Gasoline Production
  • 20:00: U.S. Heating Oil Stockpiles
  • 20:00: U.S. Gasoline Inventories
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free commodity crude oil chart tips

MCX Crude Oil Hourly Charts In-Depth Analysis

free commodity crude oil chart tips

FOR THE DAY TRADERS:
MCX Crude oil has made a symmetrical triangle pattern, and that indicates a bearish continuation. At present, its price is moving inside the triangle pattern. That’s a consolidation area. The prices will keep playing sideways here.

Intraday traders can sell or buy based on control price. The last expected stop is at E. So, we may see crude oil at/below 2840 – 2820 level.

FOR SHORT-TERM INVESTORS:
This symmetrical triangle base range is 378 points. So, the game will begin whenever crude oil will breakout the triangle pattern.

Upper breakout’s targets: 3130 – 3200 – 3280+
Downward breakout’s targets: 2610 – 2500 – 2460

Beware to tail, fakeout, and excess. Accurate entry-level, target and stop-loss is available for the premium members only.

Base Metals Trading Calls Update: MCX Zinc Ready For Another Rally Attempt

Yesterday I had an updated intraday trading call on Zinc. It has made a high of 194.55 level and closed at 194.35. Will it reach the first & second target or not?

Bullion Update: MCX Silver’s Next Target 65200 by the Elliott Wave

I had updated an intraday call on the silver the day before yesterday while its price was running nearby the 61500 levels. It has reached the first target before collapsing. So, what are you expecting ahead?

Will silver hit the next targets or keep falling? To get more information about MCX Trading Alerts, subscribe now.

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free commodity crude oil tips

Positional & Intraday Crude oil Call

free commodity crude oil tips

The trend is making a symmetrical triangle.
In the symmetrical triangle, you can see the trend is descending, and it will continue to fall up to the particular targets, which are shown in the charts (T1 2886 & T2 2800).

After knocking the lower ascending trendline with higher lows (support), It will bounce to the upper descending trendline with the lower highs (resistance). After that, If the trend makes consecutive candles, there will be an ascending trend. But don’t sell if the trend falls and crosses the stop loss.

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free commodity tips

Gold, Silver, Natural Gas Trading Calls & Updates

Update: Is Gold Price Setting Up for an Uptrend?

Have you read the August 16th newsletter of Gold?
If not, click here.

I have written, “Don’t forget to follow the control price (CP). If gold breakdown CP, it may fall for 51360 – 51000 – 50500 – 50000 levels. Watch out the selling level on the chart.”

Yesterday gold has touched all targets.

Is silver ready for the second target?

free commodity silver chart tipsDid you read the September 9th article of Silver?
Click here to read now

I have written in bold words, “…if you look at the volume and S RSI indicators, it is planning for a downtrend. And at present, silver is very close to the control price line. Hence, a downtrend may start from this point. A breakdown of control price can initiate a new fall for 61000 – 55785 – 50570 levels.”.

So, yesterday silver has touched the first target. If it will remain under the retracement level of 38.20%, we may see continue downfall.

If it remains under the 38.20% retracement level, it will keep falling for the next target.

Please note that silver playing at March 2020 uptrend channel (support). Hence, don’t sell above it, Because it will start to rise from there up to 23.60% (67445).

Update: Natural gas Struggling at Strong Support

free mcx naturalgas chart tips

Have you read the natural gas intraday tips report?
Click here to read it now

I have written, “for safe traders, short positions can be initiated after 170 levels.
Targets: 167.6 – 165 – 162.6 – 160“.

Natural gas has touched all targets as well. What else you want?

The next report about MCX base metals commodities (Aluminum, Copper, & Nickel) is coming soon. Stay connected!

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free mcx naturalgas chart tips

Natural gas Struggling at Strong Support

free mcx naturalgas chart tips
On the chart above, we have plotted three different MAs on the 1-hour chart of Natural gas futures. As you can see, the 62 MA is indicating a downtrend ahead. And 5 MA & 30 MA are crossing each other for a reversal. This reversal can be for 174 to 180 levels.

But according to the support & resistance trendline, we may see continue price collapsing.

I have also highlighted a support area with green color. Particularly from this point, it’s taking a u-turn.

For safe traders, short positions can be initiated after 170 levels.
Targets: 167.6 – 165 – 162.6 – 160

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