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| MCX Copper in a Temporary Pullback (EWT) Posted: 01 Jan 2021 04:32 AM PST Copper has made the Bullish Elliott wave on the daily timeframe. It’s completed the five-wave cycle, ABC correction is remaining. After the 5th wave, the trend started to make the A, and it’s still making it. MCX copper has to cross 585 – 580 – 560. After that, it will rise for a short period to make the B. And it will fall again to make C. But all over, it’s an uptrend. The offer is ending soon: Click here & Get 55% OFF Would you like to get our all commodity updates instantly? We have an option for you. Do you want to get Premium Calls only? If you have any questions or concerns about Commodity Market then contact by following ways: Have you any question/feedback about this article? Please leave your queries in the comment box for answers. The post MCX Copper in a Temporary Pullback (EWT) appeared first on Moneymunch. |
| Is Natural Gas Ready to Complete a “Head and Shoulders”? Posted: 01 Jan 2021 03:02 AM PST Natural gas started to make the head and shoulders pattern on the daily timeframe. First of all, let’s understand some basics about the head and shoulders pattern. Here, it’s a bearish head and shoulders pattern. In this pattern, the trend starts with the uptrend and makes the left shoulder, head, and the right shoulder. And after the completion of the right shoulder, it falls by breaking the neckline. In this chart, the trend completed the left shoulder, and the head is almost there. And then it will create the right shoulder. It will fall up to the neckline to complete the formation of the head. And the targets to reach the neckline are as following 180 – 175 – 168. After hitting the neckline, the next step of natural gas will be the right shoulder. As per the rules, the right shoulder can be similar to the left shoulder or, it can be at a higher level than the left shoulder. Because the left shoulder is at 203, the trend will march again to 203 to make the right shoulder. To reach 203, natural gas will hit 180 – 190 – 200. And then the trend will take reversal and fall by breaking the neckline. The offer is ending soon: Click here & Get 55% OFF Would you like to get our all commodity updates instantly? We have an option for you. Do you want to get Premium Calls only? If you have any questions or concerns about Commodity Market then contact by following ways: Have you any question/feedback about this article? Please leave your queries in the comment box for answers. The post Is Natural Gas Ready to Complete a “Head and Shoulders”? appeared first on Moneymunch. |
| Posted: 31 Dec 2020 09:46 PM PST MCX Gold is collapsing after making the all-time high of 56191 (swing high). It has created a parallel channel in December. Gold prices are rising here. If gold breaks the dynamic resistance without fakeout, it can touch 51000 – 52000 – 52384 levels at the beginning of 2021. And if gold breaks the parallel channel and retracement value of 0.618, it will become unstoppable and hit the following levels: 48800 – 47800 – 47296 – 46000 – 45196 Accurate entry-level, stop loss, and targets are available for premium members only. Would you like to get our all commodity updates instantly? We have an option for you. Do you want to get Premium Calls only? If you have any questions or concerns about Commodity Market then contact by following ways: Have you any question/feedback about this article? Please leave your queries in the comment box for answers. The post MCX Gold 2021’s Supercycle appeared first on Moneymunch. |
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