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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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 of 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 become a subscriber, subscribe to our free newsletter services. Our service is free for all.

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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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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. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

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 remains 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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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 trend line, 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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Crude oil Forecast: Using Fibonacci Retracement Levels

free crude oil chart tips

Was That the Top in Crude oil?

Crude oil price is running nearby a 78.60% retracement level, and it can act as support. Hence, trade with the trend: sell positions executed around 78.60% retracement level area for the targets of 2660 – 2600 – 2560 – 2500.

For long-term investors: they can hold for 2410 – 2320 levels.

Don’t sell crude oil above the 2740 level. It can start raising for 2980 – 3260 levels.

Gold and Silver Tips & Updates

Did you read the last report of gold? If not, click here.

Hurdle: 52260
From this week, gold may start collapsing. And it should be run for the 50000 levels.

Don’t draw any position above the hurdle. ‘Cause it will fly from there.

Click here to read the silver detailed report.

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