Crude oil Forecast: Using Fibonacci Retracement Levels

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Was That the Top in Crude oil?

Crude oil price is running nearby a 78.60% retracement level, and it can act as support. Hence, trade with the trend: sell positions executed around 78.60% retracement level area for the targets of 2660 – 2600 – 2560 – 2500.

For long-term investors: they can hold for 2410 – 2320 levels.

Don’t sell crude oil above the 2740 level. It can start raising for 2980 – 3260 levels.

Gold and Silver Tips & Updates

Did you read the last report of gold? If not, click here.

Hurdle: 52260
From this week, gold may start collapsing. And it should be run for the 50000 levels.

Don’t draw any position above the hurdle. ‘Cause it will fly from there.

Click here to read the silver detailed report.

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How High Will MCX Silver Go?

free commodity silver chart tips

By following the symmetrical triangle (ST), we can say that if candles will consecutively crossover the upper line, the silver will hit the following targets: 72460 – 75360 – 77800 – 80000+

According to the ST, the final targets are 86700 to 88000 levels.

But if you look at the volume and S RSI indicators, it is planning for a downtrend. And at present, silver is very close to the control price line. Hence, a downtrend may start from this point. A breakdown of control price can initiate a new fall for 61000 – 55785 – 50570 levels.

Keep eyes open while it breaks ST upside or downside. It’s a key for the smart traders.

If You Own Commodity Gold, Look Out Below.

Have you read my last gold report? If not, then you must read now: click here

I had written, “The position can be initiate at 52360 (BUY). It will keep moving upward after consecutive closing above to the control price.”

But it failed to close above the control price. Hence, as described in the chart, short positions can be initiate at 51660 levels.

In that article, I had written in bold words, “If gold breakdown CP, it may fall for 51360 – 51000 – 50500 – 50000 levels”.

Do you think gold will touch the last target of the 50000 levels?

Edited: September 9, 2020, 6:19 PM

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Gold & Silver Bulls Beware – Trading Tips

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Is Gold Price Setting Up for an Uptrend?

MCX gold overall trend is upward. The position can be initiate at 52360. It will keep moving upward after consecutive closing above to the control price. And we may see prices at 53000 – 53660 – 54000 – 54600+ levels.

Don’t forget to follow the control price (CP). If gold breakdown CP, it may fall for 51360 – 51000 – 50500 – 50000 levels. Watch out the selling level on the chart.

free commodity silver daily chart & tips

Silver Breakout Not Confirmed Yet

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MCX Silver Complex Big Picture & Updates

free silver tips chart
First, read yesterday’s silver report by clicking here: Silver Ready To Explode, Tips & Updates

I had written in bold words, “Currently silver is running above 61K. As per this 4-hourly chart, we can expect continuous uptrend for the levels of 62,000 – 63,360 – 65,000+. It could keep pushing upward until a crossover of 5 MA and 20 MA (blue)…”.

In a trading session, it has touched all targets. My premium subscribers enjoyed BOTH sides.
SCREENSHOT:
free silver tips screenshot

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Commodity Silver Ready To Explode, Tips & Updates

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MCX Silver Complex Big Picture

In the last trading session, silver has gained +361 points. As we updated in previous newsletters, silver is flying with gold. Silver wings may cutoff after breaking out 60,000 levels and may fall till a hit of control price line. Hence, this breakout will lead the prices 59,000 to 58,000. Don’t forget to keep your eyes peeled at 5 MA (orange).

Currently silver is running above 61K. As per this 4-hourly chart, we can expect continuous uptrend for the levels of 62,000 – 63,360 – 65,000+. It could keep pushing upward until a crossover of 5 MA and 20 MA (blue). Further information I will update shortly.

I would like to keep your attention on the previous week’s major updates:
Copper Warning – This is Not a Selling Opportunity

I had written, “We may see at all-time high soon…”.

Zinc Trading Strategy & Tips with Hourly Chart

I had written, “Based on the current trend:
Uptrend targets: 165 – 170+…”.

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Silver & Crude oil Intraday Trend Analysis & Tips

Silver Decisive Breakout!

mcx silver intraday chart calls

Crude Oil Clearly Reverses at Consolidation’s Upper Line

free commodity crude oil tips & chart

Accurate entry-level, targets and stop-loss are available for the premium subscribers. Get flat 50% OFF on commodity pricing plans: click here

Note: the special offer is going to end.

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