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| ABC Correction started for the EWT on Aluminium Posted: 23 Nov 2020 03:43 AM PST 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. 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 ABC Correction started for the EWT on Aluminium appeared first on Moneymunch. |
| Identifying the Crude Oil Price Next Big Move Posted: 23 Nov 2020 12:42 AM PST 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 movements. Smart investors can buy for 3260 – 3300 – 3360 – 3400 levels. In the previous trading session, it has created a Doji. It’s a direct sign of a reversal or trend continuation. But if it breaks the support line, the crude oil will fall to 88.6% (2982) – 78.6% (2735) of Fib retracement levels. 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 Identifying the Crude Oil Price Next Big Move appeared first on Moneymunch. |
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