Silver & Crude oil Intraday Trend Analysis & Tips
MCX Natural Gas Descending Triangle 2H Chart
As per the following chart, MCX natural gas is under downtrend for a short period. Without fake-out, commodity natural gas prices may drop for 118 – 116 levels below.
How about E? If its price remains above the support, we will see 126.6 – 128+ soon.
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Crude Oil Setting Up For Another Big Trade
As per the chart, MCX crude oil is under bearish pressure for a short period. It may fall for 2600 – 2400 – 2160 levels.
The long-term traders must keep their eyes peeled for a crossover into the S-RSI. The crude oil prices will fly into the sky. Be ready for 3200 – 3500 – 4000 levels.
Do you want to know about Silver?
Read the 3rd June report: MCX Silver Prices Go NEGATIVE! What’s Next?
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MCX Gold vs. Crude oil – Tips & Update
Crude Oil Price Is Getting Ready For Its Next Breakout
As per the chart and situation, we will see more downside jump in crude oil prices.
Downtrend targets: 800 – 760 – 700 – 600 – 560 below
Traders can stop selling if it closed above the 1600 level or watch out the resistance trendline.
In the next report, we will update on MCX Gold & Silver in-depth.
Guar Gum Sets Up For Another Massive Move Lower
NCDEX Guar Gum Futures is close to March low. It will keep falling if that level breaks.
Targets: 4660 – 4500 – 4400
Note: position can be initiated after a breakout of March low.
Don’t miss out to read the previous agri-commodity trading alerts report: Free Jeera & Cotton Tips
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