MCX CPO (31 Mar 21) Will Move Downside from the level 1049-1060 It may face resistance near 1092-1099. Down side TGT will be near 1010-990-975. MCX:CPO2!
MCX CRUDEOIL MARCH may move upside till 4396/4428 after giving the profit booking on Friday's opening market. It's today's support is near 4284, which could be taken as stop loss. MCX:CRUDEOIL1!
MCX:ZINC1! MCX ZINC (26th FEB21) may move downside till the level 219 because in an hourly chart RSI(14) is showing divergence, which is a negative sentiment for the script. it's immediate resistance will be high's of the 16TH feb, which is 229.10 and below 227.30it may go sharply downside.
POISTIONAL MCX CALL DATE - 02/02/2021 BUY MCX COPPER @ 591 - 592 ADD MORE 585 STOP LOSS - 580 CLBS TARGET - 600 605 610 615 NEW HIGH ++ @tradingandeducationsupport
NG - On 23rd Dec 2020, NG was in super uptrend and it started its real fall from levels of 202.40 which can be seen from Moving average crossover. Earlier also 200 was resistance and today also it failed to hold 200 levels and fallen from there. + Closing was below the trendline made by joining highs. Hence, my Positional Call is sell NG @ 198.50, SL 202.40 ,...
The above analysis is based purely on price action & chart patterns. The analysis is done on 60 min TF, hence it may take price to reach the targets in few days to few weeks. Trade setup along with Entry levels + SL & Targets are given in image itself. Traders must do their own study before entering into any trade. They must trade with their own money & risk...
Short on breakdown for target next support..
Aluminium testing previous breakdown, a close above 163 can result in good upward move !!
#MCX @Nickel Little Targets 1206/1204 Main Stop Loss at 1,212 only. Disclaimer: I just shared my view. Please trade with your own and comfortable ideas.
Buy silver mini 60970 CMP 61110 Stop loss 60700 Target 62600
Gold is at an important support level. A correction may take it down till the arc, where its a good investment opportunity to go long. Comments and views are welcome.
Recalculated levels for today. Ignore earlier chart..
Long and short levels with tgts shown...SL at your own risk..
Long and short level with targets shown...SL at your own risk
Long and short level shown with targets...Sl at your own risk