Enhance your MCX zinc trading skills with Moneymunch’s free zinc trading tips and market analysis. Stay updated on the latest commodity market trends and make profitable trades.
Zinc is making a Descending Triangle Pattern in the 15M chart. A breakout could fall the price up to the base range.
Rules: A complete breakout required. Beware the fake-out candle.
WARNING: Don’t make a trade above the Lower Horizontal Trendline (Support).
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LockEveryone keeping eyes on Bullion & Energy sector commodities. Traders are missing the best trading opportunity in MCX Zinc.
Intraday/positional traders: The tail will drag up to 182 to 180.
Don’t mess after the hurdle breakout.
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Did you read our last silver alerts? If not, click here. We had written there, “Keep note silver support level is 37200 price”. After touching our support level, It took the U-turn.
But this is not an assured confirmation for the uptrend. Yes! A downtrend can be confirmed if silver breakout the support level and close below it consecutively.
And this downfall can drag down the silver’s price up to 36600 – 36200 – 36000 – 35800 levels.
Note: a sideways trend will continue between 38000 and 37200 range. An Uptrend will confirm after breakout, 38000 level. Don’t think much about downtrend. It’s time to focus on Intraday trading.
Yes! But after 182.6 level. Complete breakout will require.
Targets: 178 – 172 – 166
As per the last Zinc forecasts, it has touched all levels. It’s very close to the all-time high (232.7 level). Short-term/long-term investors must wait now. This week, we might see above the 230 level with sideways movements.
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This chart is enough for a smart trader. Keep note silver support level is 37200 price. Further information related Gold and Silver updated soon.
How many of you followed our crude levels after the breakout of 4100? You can check our crude oil calls report by click here.
We had written, “As per technical analysis and trend lines basis, crude oil is under uptrend. It prices can hike more if crude oil crossover and close (consecutively) above 4100 levels. It can jump up to 4200 – 4350 – 4500 levels”.
Crude oil has touched the first target and very close to the second target.
Will it touch the second target today?
Even zinc has run as per our guidelines. As per the last signals, it has exploded after an upper breakout and broken all target levels.
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As per technical analysis and trend lines basis, crude oil is under uptrend. It prices can hike more if crude oil crossover and close (consecutively) above 4100 levels. It can jump up to 4200 – 4350 – 4500 levels.
But if you see the crude oil price below the trend line, sell for the 3850 – 3700 – 3560 levels.
Free Bonus Call (for smart investors): Cotton’s resistances are 21560 – 21700 levels.
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The all-time high of gold is level 35074. Gold will start moving upside for the following targets soon.
Upcoming Levels: 33642 – 33860 – 34300 – 34500
…But after a reversal.
3 Days ago, Nickel Positional Call: Click here and read
In clear words, I had written, “After a slight reversal, nickel will touch 900 level soon”.
In the last trading session, nickel made 908.1 high and closed at 906.8 level. Our nickel target is complete now.
Next Upcoming Levels: 950 – 960
Nickel prices may collapse from 920 level. Only complete stand over at 920 level can help to stop falling back.
3 Days ago, Zinc Report: Click here and read
In clear words, I had written, “Hurdle: 193.4. One more positive moves can hike the zinc price up to 197 – 200 – 202“.
Zinc has touched a first and second target.
Note: the third target is a hurdle. What happens next? To know it join us.
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