Crude oil, Nickel, Aluminium & Mentha oil Tips & Updates

free commodity nickel chart & tips

MCX nickel’s Elliott wave projection (Target 1570)

Nickel has started moving forward since March 2021. It will complete the 5th wave soon.

According to Elliott wave projection, MCX nickel can touch 1570 to end the 5th wave.

Intraday & short-term traders can buy nickel for the target of 1485.6 – 1506 – 1532 – 1550 – 1570.

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Aluminium Should Run Up To 240+ In Next 30 Days

Key levels: 229 – 226.8

Aluminium has made an all-time new high of 236.3 and declined. It can dig more upside from here. Before that, we may see retesting of 229 – 226.8 levels.

Afterward, it can move for the target of 233.6 – 236 – 238+.

Latest Update: Crude Oil Call

free commodity crudeoil chart tips updates

Crude oil has completed all targets in the previous week’s trading sessions.

free commodity menthaoil trading tips chart

Mentha oil has touched the second target.

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MCX Nickel – Parabolic Curve Pattern & Tips

free commodity nickel weekly chart tips

This is MCX Nickel weekly chart. Price projection is based on Parabolic Curve & Fib Retracement.

As mentioned in the chart, At the end-point of Base 3, indicated by the “X” symbol, the nickel could double in the shortest period of time. Targets: 1426 – 1632 – 1778 – 1854 – 1962 (2.618Based on Fib Retracement).

If nickel breaks the curve line, it can collapse up to “X” or base 3 deep. Hence, we can see the following targets from the selling point: 1130 – 1050 – 960 – 850 and below.

Remember, trade with the direction of the breakout. And stop-loss above/below breakout level.

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Nickel’s Strong Buy Signal for Short-Term

free commodity nickel chart tips

According to this chart, nickel is further advance. Once it breaks the hurdle, it will start marching for 1260 – 1280 – 1300 levels.

Hurdle: 1236

Whenever it hits the hurdle level, what will happen? Here, it will act as resistance. We may see reversal up to the support line (1212 – 1180).

Short-term investors can continue position for the above targets. Further information I will update during the market hours for the premium subscribers only.

This is part II. You can also refer to the previous report of nickel by clicking here.

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MCX Lead – Pitchfork, Bullish Flag & Double Top Pattern

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Here I have used the three most popular patterns, which are pitchfork pattern, bullish flag pattern, and double top pattern on MCX Nickel daily chart.

First of all, let’s start with a pitchfork pattern. Nickel is running on the support line area. This movement indicates a continuous uptrend ahead.

The second thing is the bullish flag pattern, which also indicates the same. After a short reversal, nickel will start marching for the following targets: 162 – 164 – 166+

If the trend breaks the support line, there will be an activation of the double top pattern, which indicates the fall to the following levels: 148 – 145 – 142.6

Additionally, a breakout of the neckline is a direct sign of an extreme downtrend. And that will become unstoppable and hit the following levels: 136 – 132 – 128

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MCX Nickel Double Top – Potential Reversal

free commodity nickel calls daily chart

According to this chart, MCX Nickel is making a double top chart pattern. It’s at risk of a bearish trend after double top formation. Wherein the first top at 1158.4 level, and the second top can be between the range of 1160 – 1176.

If it’s a second top, nickel will make a large false break pin bar here. That might be up to the 1176 level. Afterward, the short-term traders can sell it for levels of 1106 – 1076 and below.

Here I have drawn a neckline as a support trendline to get an accurate exit/entry point.

Wait for the right entry-level, don’t sell above 1160 level.

Further information I will update to the premium subscribers only.

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Gold Spot & MCX Nickel – Massive Bearish Pressure Coming Soon

free commodity gold spot hourly chart tips

GOLD SPOT See What These Gann Gan & Fibonacci Retracement Value Say About Trend

Here, I have used Gann Fan & Fibonacci Retracement to identify the next move of Gold Spot. Wherein, it is taking reversal from the 0.5 retracement value (highlighted by green square). And now it’s running under 3/1 & 4/1 Gann Fan value.

According to this chart, gold will keep drilling upward up to $1940. After that, it can fall for 0.382 value of retracement. And a breakdown of this retracement means $1900 waiting ahead.

Overall we can see a bullish trend. That can be for $1960 – $1976 levels before Nov end.

MCX Gold Report: Intraday Pullback Before Acceleration Lower

Gold in Correction Mode..?

Nickel Trading Calls Updates

free mcx nickel calls chartHow many of you bought Nickel? If not, read this article: MCX Nickel Detailed Trend Forecast & Tips

I have written in bold words, “…nickel will start raising for 1076 – 1090 – 1100 level. Dynamic resistance breakout will lead the prices for a 23.60% retracement level”.

In the last trading session, MCX Nickel has reached all targets (see below). What else you want!?

free mcx nickel tips & updates

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