Enhance your MCX aluminium trading skills with Moneymunch’s free aluminium trading tips and market analysis. Stay updated on the latest commodity market trends and make profitable trades.
Aluminium is unstoppable. It’s running upside from Nov 2016. If aluminium remain down to 124 level, then it trend may change. But if it will cross / close above 124.5 level then, my friends, you must buy for 126 – 128 levels.
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Gold and Silver both looking weak for the short term. Both commodities are looking for support so we could see some sideways moves in this week. Sideways movements are best for intraday trading if you know where you should jump and out.
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LockWrite down anywhere, this week Nickel will show you 642 level.
Perfect entry level and Stoploss I will update due to market hours for subscribers.
Zinc uptrend will remain to continue and it could hit 159.2 level before week ending. For more information, subscribe now!
If tomorrow guar seed will fail to close below to 3510 levels then it may try to hit 3658 levels. 3658 is strong resistance so I would recommend to sellers for keep patience. And yes! If it will close below to 3510 then you may sell it without any worry for 3410-3355 levels.
Soyabean last closed at 3367 levels with the loss. This week it may try to recover up to 3445 levels but downtrend will be stay continue so you may sell it on day high.
Intact Targets: 3310-3256-3173 levels
If crude oil break or close below to $47.99 levels then we will see $47.6-$47.1 levels shortly. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Aluminium is going to blast soon. Keep your eyes on 110.5-110.8 levels. You will see some buying pressure here but if aluminium go down to 110.5 levels then we will see 109.3-108.5-107.5 levels in this week.
If aluminium will stay above to 110.5 for 1 day then you may buy it for 112-113.3+ levels. Overall it short term trend is down!
Cotton will show 19700 levels soon. We will update more information about cotton by SMS to subscribers only!
NCDEX Index downtrend will being soon. If this week NCDEX index will go down to trendline for single day then we see support level 3202. And below to 3202 level, its future is very dark. We will see strong support level!
Remember, if the NCDEX index will run between trendlines then uptrend will remain continue.
Look at the above chart of NCDEX Jeera, strongly bullish trend!
Targets: 19120-19650+
Warning: if you don’t know where to buy / sell then do not trade yourself. Exact entry level will be announced to subscribers only.
MCX Aluminium tried well to recover previous week loss. Overall this week it gained only .65 rupees (last month contract). As per above chart, you can see it overall trend is upside, but last trading candle shows weakening, so it will continue to drill downwards.
If you would like to buy Aluminium Aug contract then wait for 110.2 levels above closing because once it will crossover for only 1-2 hours then it can fly up to 111.2-112.2-113 levels.
But 110.2 is the hurdle, so the seller can keep continuing selling below the hurdle for 108.2-107.3 below levels.
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Look at MCX Copper intraday chart, 3 trading sessions back copper had closed below to the trendline. It was fake out or down signal generated? Copper at the turning point now. If you see copper above the 331 levels for 2-3 hours, then this week copper will go upside and hit 335-339 above levels. It will break July high in August month!
But keep your eyes on 325.5 levels. It’s very crucial level and if the copper will test this level then we will see a big downtrend. It may drop up to 319-309 below levels.
If zinc will go to 149.6 levels and hold for 1-2 hours, then traders may sell without any worry for 147.8-146.6 levels.
Don’t forget it’s strongly bullish to 150 levels, and it can hit 152-154 levels in just a few hours. Before sell, I would recommend keeping patience for minimum hours while it breaks the 149.6 levels.
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CPO is the best for intraday trading. It’s raising up over 3 weeks and continues looking upside. Crude palm oil will touch 966-978-986 levels on next week.
Look at above chart, MCX Gold moving around the support 30610 level. Gold will test, 30424 level soon. If it breaks the support and stay below to 50% level then it may fall down up to 29900 – 29380 – 28760 levels below.
Keep in mind, don’t sell until it break the support (gold trend will stay up until breakout) or take some expert advice before investing. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
So many traders send us emails for any recommendation on MCX Aluminium. I would like to say, aluminum buyer’s future is not bright for long-term. Look at the below weekly chart of Aluminium:
Sellers will pull down aluminium if shows closing below the 110 level. Above 110 level, aluminium will stay positive, but last weekly candle indicating Monday opening bell is very important for buyers and sellers.
Lookout below intraday chart of Aluminium:
MACD and RSI throwing sell signals on daily chart but don’t take any risk until it break 110 level. If aluminium show closing below the weekly chart strong sell signal (110 level) then it will hit 105.5-103.3 levels soon.
This week important global economic events for commodity traders:
19.30: US Housing Market Index
14.00: UK Unemployment Rate
20.00: US Crude Oil Inventories (IMPORTANT)
05.20: JP Trade Balance (IMPORTANT)
07.30: JP Flash Manufacturing PMI
18.30: US House Price Index MoM
14.00: UK Core CPI y/y, PPI
18.00: US Building Permits, Housing Starts
13.00: German Flash Manufacturing PMI
13.30: EU Flash Manufacturing / Services PMI
18.00: US Unemployment Claims
20.00: US Natural Gas Storage (IMPORTANT)
Do you remember yesterday what I had said about Aluminium? No? Click here and remind it now.
Yesterday, boldly I had written, “MCX Aluminium will continue drill downward. It should hit 105.4-104.4…”
Aluminium made low 103.85 and completed both targets in few hours!
Yesterday what I was saying about CPO before market opening bell!? If you forget it then click here and read it again…
I said, “Crude palm oil moving higher and higher over 9 months… I’m expecting unbeatable up moves this week. …We will see 560-572+ levels.”
Yesterday CPO made high 564 and completed first target.
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