MCX Expert Tips

We provide commodity tips in bullion metals, precious metals and energy ie: gold prices, silver prices nickel, aluminium, copper, zinc and others . We have maintained at most steady accuracy of above 90%. Our main clients are people who do intraday commodity trading and close all their positions in intraday basis.

MCX Silver: -
MCX Silver after giving a false breakout has been sliding down in a downward sloping parallel channel. Recently, it has also formed a triangular pattern and its trading near its apex. So, a breakout on either side is due immediately. Since, silver is trading near its upper end of the falling channel, the probability of it breaking downside is quite high. The target on the lower side is 54100, whereas the resistance on the upside is pegged at 56800.

MCX Crude oil: -
MCX Crude has reversed from its crucial support levels near 5170. Since, then it has been forming higher peaks and troughs. It has also moved beyond its 40 DEMA which will act as a crucial support going ahead. The stop/reversal for longs should be placed at 5280 and target on the upside is 5680 RSI (14) has reversed on the upside from the neutral zone.

MCX Nickel: -
MCX Nickel is forming an inverted head and shoulders pattern, however, the price confirmation will only be above 942, hence, buy nickel above 942 target 970 and above that 1020. The support on the lower side is pegged at 907 RSI (14) has reversed on the upside from the oversold zone and now hovering in the neutral region.

MCX Copper: -
Copper has taken support at the lower end of the upward sloping parallel channel. It has also moved beyond the 40 DEMA which is a positive sign for thebulls going ahead. The support exist at 417 and the resistance is pegged at 440 to 451.