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Extending wave (5) should easily travel above 18000 and is likely to continue toward 18480. Target 1: 18000 Target 2: 18142 Target 3: 18350 Target 4: 18480

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Key level: 62110 On 6 June 2021, I had drawn a chart of silver ( ). Wherein, I've shown the silver can collapse up to 0.618 . It has made a low of 62184 and touched 0.618 levels of retracement. If MCX silver crossover and close below the level of 62110 , it will...

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Crude oil has broken March 2020 support trendline today. That is indicating a direct sell signal. If crude crossover & closes above to 5160 levels, then it can come out from the downtrend. And we may see 5300 - 5500 again. According to the current breakout, MCX crude oil may hit the following levels: 4800 - 4760 - 4660 - 4590

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Crude oil is forming Ascending Triangle Pattern. According to the monthly chart and chart pattern analysis, the crude oil rally will not stop here. It will keep moving forward for levels of 5160 - 5300 - 5600+ . MCX crude oil target for intraday traders is 5112 level.

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This is MCX Nickel weekly chart. Price projection is based on Parabolic Curve & Fib Retracement. As mentioned in the chart, At the end-point of Base 3, indicated by the "X" symbol, the nickel could double in the shortest period of time. Targets: 1426 - 1632 - 1778 - 1854 - 1962 ( 2.618 - Based on Fib Retracement ). If nickel breaks the curve line, it can...

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According to the date range on MCX Silver daily chart, it's changing the trend after every 46 bars. If silver does not crossover 88.60% of fib retracement before completing 46 bars, we may expect a downtrend ahead. It can collapse up to 61000 to 55765 . Here, targets for intraday traders: 67500 - 65600 - 63660 . Or if it breaks the 88.60% , then silver...

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The crude oil started the bullish Elliott wave on the 4-hour timeframe. A new low, followed by a three-wave recovery to roughly 3760 - 3660 - 3470 can be expected before the uptrend resumes. If there will be the upside breakout of wave 5 ( Protective Stop: 3980 ), then it's a failure of the Elliott wave pattern. What happens if it breaks wave 5? I will update...

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Gold is taking reversal from the strong support (SS) level ( 48635 ). And at present, it's very close to the SS. Can we see a reversal again? If gold remains above SS, then it can touch the following levels: 49000 - 49200 - 49400 But according to RSI, MA, & DMI, it seems in a downtrend. So, if MCX gold breaks the support level, we may see the following...

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The Gold spot started the bearish Elliott wave on the daily timeframe. Right now, it's making the 5th wave. It has to cross 1824 - 1800 - 1776 to complete the fifth wave. The fifth wave will complete around 1690 . If there will be the upside breakout of wave 4 , then it's a failure of the Elliott wave pattern. And the target for the uptrend will be as...

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MCX Aluminium has started falling due to Elliott Wave's ABC correction. Expected A is at 100% or 161% retracement of wave 5. Therefore, it can start rising from here to the level of 164.4 . The day traders can have the advantage of this impulsive ride of B . According to ABC correction, we may see the Aluminium prices below 161.6 - 159.4 before the weekend.

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According to this chart, MCX crude oil is trying to climb upward. It has started upside rally from the beginning of May. Here, I have applied Volume, DMI, MA, and Fib Retracement to identify the next move. Moving average of 50 & 200 is throwing direct up signals by crossover. And here, ADX is less than 25 but +DI above the -DI. Hence, we have chances to see slow...

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In the last two weeks, MCX gold has lost -2003 points. We may see a continued downtrend up to the support line (Range: 49600 - 49200 ). Intraday traders can play between freefall by taking it as a target. As mentioned in the chart, the double bottom pattern will complete when the price fails to break past the two bottoms and heads back to the...

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Silver is growing slowly. According to this chart, silver is trying to move upside from the strong support trendline. It's a potential reversal point based on a support trendline. Currently, it has broken a strong support trendline. We have chances to see a tail , fakeout , or excess here. That can be up to a hurdle. And the hurdle breakout is a direct sign...

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Silver made a bullish Elliott wave. The fifth wave is including a diagonal. After the fifth wave, there is an ABC correction. Silver can move upside to 62840 - 63560 levels. Expected C range: 60565 - 59200 - 57045 The correction will over at 63560 to change the current trend. And upside rally will resume for the levels of 65000 - 66000 - 68000+ .

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Currently, MCX Crude Palm Oil (CPO) shows an uptrend. By following the ADX, we can say that the trend will rise because ADX is greater than 25 (ADX>25) , and +DI is above the -DI . Let's have a look at the volume. Volume spikes double of the average, so this also shows an uptrend, and it will go to the 900 - 920 - 960+ . Right now, the trend is crossing the...

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Gold is performing in the parallel channel from 22 Sep. Recently, the moving average has tried to crossover but failed. And volume spike is a direct sign of an uptrend. It's sharply moving forward. As I updated on Oct 19, gold is trying to climb upward after hitting the...

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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...

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Here, I have used Elliott wave theory, Fibonacci Retracement, and MA ( 30 & 62 ) to identify the next move. At present, MCX nickel in a corrective wave. We may see a reversion bounce off here. It can be up to 38.20% to 23.60% of the retracement level. Wherein, 38.20% retracement level will act as a resistance and 50.00% vice versa. In other words,...