Crude oil, Brent oil, & Aluminium Chartolgy & Next Big Move
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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MCX Crude Oil & NYMEX Brent Oil In-depth Analysis & Tips
NYMEX Brent Oil Futures – Simple Trading Strategy
Here, I have used MA, RSI, VOL, & DMI to identify the next move of Brent Oil. According to these indicators, it seems bullish ahead. We may see the following targets soon: $68.8 – $69.8 – $71+
But, 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
What about MCX Crude oil? It looks downward for a short period. Look at the below chart:
MCX Crude oil can go down for a retracement value of 0.236 in the upcoming days. So, intraday traders can set the following targets to make some money: 4560 – 4500 – 4460 – 4400
But, if brent oil breaks $66.60 upside, then change your position for the following targets: 4800 – 4880+ To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
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MCX Gold & Mentha oil Tips & Updates
PART 2: When Will MCX Gold explode?
On 15 Feb 2021, I have written an article on Gold. First, click below & read again:
When Will MCX Gold explode?
I have written in that article, “If gold remains below 47296 levels, it will come down to 0.618 value of Fib retracement. Targets: 46860 – 46600 – 46000 – 45660 – 45200“.
Gold has touched all targets.
NEW UPDATE:
Keep eyes on the retracement value of 0.618. It will act as a resistance.
Targets: 44260 – 43600 – 43000 – 42260
Alternative scenario: If gold remains above 45200, it may try to hit 0.382 (TP: 46000 – 46800+).
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UPDATE: Mentha oil – Profit Booking Time
How many of you bought Mentha oil after reading this report?
MCX Mentha Oil Overall Outlook Is ‘Strongly Bullish’
Mentha oil made a high of 964.9 yesterday, and the first target has come.
Approx. Profit /L = Rs.15,000+
The short-term investors can book profit here. As I mentioned in the above chart, it’s MA crossover time. It may move sideways.
Overall, it’s in an uptrend. Hence, the targets will remain the same.
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MCX Gold Guinea’s Downtrend: Is This Just the Beginning?
MCX Gold Guinea is following a parallel channel since August 2020. Recently, it has touched the support trendline and started moving forward. Will it keep moving? How much? It will keep running for 37600 – 38000 levels.
But according to MA, Gold Guinea should keep falling. And for the following levels: 36800 – 36400 – 36000
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MCX Mentha Oil Overall Outlook Is ‘Strongly Bullish’
First, wait for a clear ascending triangle form. Right now, MCX Mentha oil at the support trendline (rising lower trendline). It will try to hit 964 – 986 – 1000 – 1020 levels from here. Intraday traders can go with the current trend.
But don’t buy below the support trendline. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
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