MCX Crude Oil: Retracement Analysis and Downside Targets

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MCX Crude Oil: Will it Drop Below 5000 Before the Weekend?

In the wake of the COVID-19 pandemic, crude oil prices experienced significant volatility, hitting a low of 795 and reaching a peak of 9996 on March 8, 2022. Currently, the price is undergoing a retracement, approaching the key level of 50%.Continue reading

NSE INFOSYS – Is This The Last Dip Before The Bull Charge?

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Timeframe: Daily NSE INFOSYS has been experiencing a prolonged corrective phase lasting over 73 weeks, with its movement consistently below the 50/100/200 EMA. This indicates a bearish sentiment for the security. On the daily timeframe chart, price action has formed double three patterns.Continue reading

Silver Price Analysis: Exploring Resistance, Control Price, & Volume Dynamics

Free commodity market MCX Silver daily chart, and trading tips.

Examining the Parallel Channel and Resistance Levels for Short-Term Traders

Upon analyzing the chart, it is evident that silver has been trading within a parallel channel for almost a year, indicating a well-defined price range. In the previous trading session, the price of silver reached the resistance line of this channel. For short-term traders, a critical resistance level to watch is 74060. If this level is not surpassed convincingly, it could lead to a potential downturn towards the control price (CP) line. It is worth noting that silver has yet to test the CP line and the 100-day moving average (MA) successfully.Continue reading