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| Crude oil is bearish near-term – Elliott wave analysis Posted: 28 Jan 2021 06:47 AM PST 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 it in my next post. 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 Crude oil is bearish near-term – Elliott wave analysis appeared first on Moneymunch. |
| MCX Gold Trading Strategy for Intraday Traders Posted: 28 Jan 2021 03:09 AM PST 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 targets: 48460 – 48260 – 48000 Subscribe now to read continue. Only premium subscribers can read the full GOLD report. Please log in to read the entire text. An only premium subscriber can read the full article. 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 Trading Strategy for Intraday Traders appeared first on Moneymunch. |
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