MCX Zinc & Lead Tips & Elliott Wave View

free commodity lead chart tips

MCX Lead Short-term Cycle Shows Big Trend

It’s the daily chart of the lead. Here, it has made the bullish Elliott pattern, and the ABC correction was completed on the 24th of December 2020. And right now, it started to move upside as per the rules of the bullish Elliott wave pattern. And it will move upwards till 158.6 – 162.

free mcx zinc tips chart

MCX Zinc Will Touch 240 by EWT

Here’s the daily chart of the MCX zinc. It has made two Elliott waves. The first one is bearish, and the second one is bullish. The bearish was started from the 11th of April 2019 and ended on the 19th of March 2020. The bullish one started on the 19th of March 2020, and the fifth wave of this Elliott wave is remaining. In the Elliott wave theory, each wave has five sub-waves.

Short-term investors can see the following levels soon: 228 – 234 – 240

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Will Zinc Return at a Strong Support Trendline?

free commodity zinc tips chart

Zinc took a bounce back from the lower levels yesterday, and it has failed to break last week’s low level of 212.1. Intraday traders can initiate long positions for levels of 219.6 – 220.

If it breaks last week’s low, we may see 210 – 208.6 levels. Overall, it’s positive. Long positions can be initiate with targets at 221.6 – 224 – 230 in extension.

The DMI & MA is bullish and calls for further advance.

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MCX Gold & Zinc – Tips & Updates

free commodity mcx & cfd gold spot daily chart & signalsHave you bought Gold? If not, I have updated a free call on gold three days back.
Read Now: Gold Spot vs. MCX Gold – Weekly Reports & Tips

I had written in bold words, “according to this chart, gold is trying to climb upward after hitting the PC (Parallel Channel). And if it remains into the PC, we may see 51000 – 51500+ levels before the weekend”.

Gold has reached the first target (51000) and made a high of 51454 yesterday. Will it touch the next target or not?

Min. Profit Per Lot: Rs.30,000

free mcx zinc tips & chart

free commodity zinc chart callsI have updated a free Zinc trading call on 15 Oct 2020. First, visit here to read that article: MCX Zinc Ready For Another Rally Attempt

I had written clearly, “The day traders can keep buying above 0.886 value of retracement for the target of 194.6 – 196 and above. Breakout of 199.4 means boom..!!! It can fly from there for 203 – 206 levels”.

Zinc has touched all day trading targets, and it has also touched the positional target of 203. Will it touch the last target 206 level before the weekend?

Min. Profit Per Lot: Rs.61,000
What else you want in a free subscription? Click here to get premium MCX trading calls.

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MCX Crude Oil Hourly Charts In-Depth Analysis

free commodity crude oil chart tips

MCX Crude oil has made a symmetrical triangle pattern, and that indicates a bearish continuation. At present, its price is moving inside the triangle pattern. That’s a consolidation area. The prices will keep playing sideways here.

Intraday traders can sell or buy based on control price. The last expected stop is at E. So, we may see crude oil at/below 2840 – 2820 level.

This symmetrical triangle base range is 378 points. So, the game will begin whenever crude oil will breakout the triangle pattern.

Upper breakout’s targets: 3130 – 3200 – 3280+
Downward breakout’s targets: 2610 – 2500 – 2460

Beware to tail, fakeout, and excess. Accurate entry-level, target and stop-loss is available for the premium members only.

Base Metals Trading Calls Update: MCX Zinc Ready For Another Rally Attempt

Yesterday I had an updated intraday trading call on Zinc. It has made a high of 194.55 level and closed at 194.35. Will it reach the first & second target or not?

Bullion Update: MCX Silver’s Next Target 65200 by the Elliott Wave

I had updated an intraday call on the silver the day before yesterday while its price was running nearby the 61500 levels. It has reached the first target before collapsing. So, what are you expecting ahead?

Will silver hit the next targets or keep falling? To get more information about MCX Trading Alerts, subscribe now.

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MCX Zinc Ready For Another Rally Attempt

free commodity zinc chart calls

Zinc is going upward since April. Recently, it has broken the strong support trendline and made an excess. At present, it’s running at a strong support line. So what are you expecting next?

Technically, the crossover of 20 & 50 MA indicating a downtrend ahead, and multiple volume spikes are a direct sign for an uptrend.

Simple Trading Strategy for the Intraday Traders:

The day traders can keep buying above 0.886 value of retracement for the target of 194.6 – 196 and above.

Breakout of 199.4 means boom..!!! It can fly from there for 203 – 206 levels.

According to the Fibonacci retracement & moving average, zinc will collapse soon to the value of 0.786. So, short-term investors can go for 185 levels.

Further information I will update to premium subscribers via Moneymunch’s mobile app.

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Commodity Silver Ready To Explode, Tips & Updates

free silver tips chart

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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