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MCX Silver Trading Strategy for the Intraday Traders

free commodity silver tips chart

free commodity silver tips chart

Silver is growing slowly. According to this chart, silver is trying to move upside from the strong support trendline. It’s a potential reversal point based on a support trendline.

Currently, it has broken a strong support trendline. We have chances to see a tail, fakeout, or excess here. That can be up to a hurdle. And the hurdle breakout is a direct sign of a downtrend.

After all, 200 MA is recommending further advance here. So, we can pick the silver mega lot for the targets of 63000 – 63360 – 63660 – 64000+.

Safe traders can wait for a 50 MA breakout before entering as well.

If You Own MCX Copper, Look Out Below

free commodity copper tips chartClick here: Copper detailed reports & tips

In that newsletter, I had written in bold words, “according to a moving average and parallel channel’s support trendline, copper is strongly bullish. It can show us an all-time new high before the end of this month. So, the day traders can buy for the levels of 536 – 540 – 556+“.

On 16 Nov trading session, copper has made a high of 551 and touched the first two targets.

Click here: Will MCX Crude Palm Oil touch the 900?free cpo tips

How many of you bought MCX CPO? I had written, “currently, MCX Crude Palm Oil (CPO) shows an uptrend. By following the ADX, we can say that the trend will rise because ADX is greater than 25 (ADX>25), and +DI is above the -DI. Let’s have a look at the volume. Volume spikes double of the average, so this also shows an uptrend, and it will go to the 900 – 920 – 960+“.

Currently, CPO is running nearby 926 levels.

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