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.

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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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Zinc Trading Strategy & Tips with Hourly Chart

free commodity zinc tips chart

As per the above chart, the parallel channel’s uptrend line can use as a stop loss.

Hurdle: 162.6

Based on the current trend:
Uptrend targets: 165 – 170+

Based on Fib. Retracement:
Downtrend targets: 158.2 – 152.2 – 149.2

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MCX Gold, Silver, Crude oil, & Zinc Tips & Updates

Gold, Silver, and Crude oil Tips & Updates

The gold is still trying to stay in the box. Check out my 8 Dec newsletter: ‘Tips & Charts: Gold, Silver, & Crude oil Special Report

But the silver is under my radar now. A big blast is coming soon.

And if you’re looking for crude oil, read that same newsletter. It’s also following the 8 Dec chart direction.

In short, gold, silver, and crude oil short-term & long-term trading calls & reports are available in the above link.

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commodity zinc tips chart
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Live Tips: Zinc Price Begins To Move Lower?

free zinc chart tips

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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