Best Free MCX Tips Expert Weekly Report

WEEKLY PIVOT S1 30771 S2 30452 PP 31170 R1 31489 R2 31888

TECHNICAL/FUNDAMENTAL VIEW –  Best Free MCX Tips Expert | Gold markets broke down significantly during the week, testing the uptrend line that has been crucial for the markets before. By  breaking below the

$1300 level, the market looks likely to continue to go lower, perhaps reaching towards the $1275 level followed quickly by the $1250 level underneath. Otherwise, if we turn around and break above the $1300 level that would be a sign that the market is trying to bounce from this uptrend line, and perhaps go to the $1350 level. Ultimately, this is a market that I think is going to be paying attention to the 10-year treasury note, and the interest rates offered in the United States. If they continue to rally, and it’s very likely they could, Gold will continue to suffer. Ultimately, the

market looks likely to be noisy regardless, and ultimately I think that you are going to be hard-pressed to buy or sell a massive amount of gold in any one trade, as we should continue to see volatility regardless what happens, and that, of course, will make hanging onto a trade a bit difficult if you are over-levered. The US dollar rising has been a bit of a drag as well, so pay attention to the US Dollar Index as it could give us an idea as to which direction we move.

WEEKLY PIVOT S1 39689 S2 39183 PP 40110 R1 40616 R2 41037

TECHNICAL/FUNDAMENTAL VIEW – Best Free MCX Tips Expert | The Silver markets continue to be choppy in general, as we felt towards the uptrend line only to turn around and form a somewhat supportive hammer like a candle. This shows that the uptrend line is very much intact, but above we have a downtrend line that makes out a symmetrical triangle, so I think we will need to make some type of decision rather soon, and I think it would be easy to make a trade based upon the longer-term move, and until then it’s pure speculation for longer-term traders. If we were to break above the downtrend line, then I think the market could go to the $18 level, perhaps even $20 over the longer-term. Otherwise, if the market breaks down below the uptrend line, the market could drop

to the $15.50 level which has been massive support going back to late 2016. A break down below there would, of course, be very negative. Ultimately, this is a market that should continue to be very noisy, but if you are patient enough you can pay attention to the various triggers that you can take advantage of. Ultimately, this is a long-term trade just waiting to happen, but we don’t have that signal yet. Bethe cautious, and perhaps take small positions initially and add to them as markets move in your favor. A break of this consolidation triangle should send markets in the motion finally, which as you can tell has been an issue as of late. In general, this is a market that continues to show a lot of noise, but I think we have some clear markers on the chart.

WEEKLY PIVOT S1 4759 S2 4663 PP 4828 R1 4924 R2 4993

TECHNICAL/FUNDAMENTAL VIEW –Best Free MCX Tips Expert | The WTI Crude Oil market rallied significantly during the week as crude oil continues to get a bit of a boost from geopolitical tensions and of course the idea of the US leaving the Iranian deal taking the product off the markets. I believe that short-term pullbacks should continue to offer buying opportunities, with the $67 level underneath is massive support and importance. The uptrend line underneath should continue to offer support as well, so I think that the pullbacks will be thought of as value opportunities. Longer-term, I believe we go to the $72.50 level, and then perhaps even towards the $75 level after that. I

believe that the markets will continue to see a lot of volatility, but quite frankly I believe that as we are worried about Iranian oil coming offline, that could drive down supply overall. Brent markets Higher at the beginning of the week, reaching towards the vital $80 level. We have turned around to form a bit of the shooting star though, so we may get a short-term pullback. However, that short-term pullback will more than likely be a buying opportunity, perhaps reaching towards the $77.50 level, and perhaps the $75 level underneath there. If we can break above the top of the shooting star for the week, then I think the market could go much higher. In general, I believe that there is more than enough support underneath to keep this market going higher, so look at pullbacks as nice value opportunities. That being said, we need to see some type of pullback as an opportunity if you are patient enough. I believe that the market will continue to favor the upside although we are a bit overdone momentarily.

WEEKLY PIVOT S1 458.05 S2 454.00 PP 462.95 R1 467.00 R2 471.90

TECHNICAL/FUNDAMENTAL VIEW- Best Free MCX Tips Expert | Based on the overnight price action and the current price at $3.0885, the direction of the copper market today is likely to be determined by trader reaction to the main 50% level at $3.0885. A sustained move under $3.0885 will signal the presence of sellers. This could drive the market into the main Fibonacci level at $3.0575. If this price fails then look for the selling to extend into a pair of bottoms at $3.0345 and $3.0140. A sustained move over $3.0885 will indicate the presence of buyers. This is a possible trigger point for an acceleration into a series of potential resistance levels at $3.1160, $3.1310, $3.1315 and

$3.1401. The latter is the trigger point for another surge. The main trend is up according to the daily swing chart. However, there is no momentum. A trade through $3.1310 will signal a resumption of the uptrend. The first sign of weakness will be a trade through $3.0345. The main trend will change to down on a move through $3.0140. The price action is also being controlled by a pair of retracement levels. The main range is $2.9585 to $3.2180. Its retracement zone at $3.0885 to $3.0575 is controlling the near-term direction of the market. The short-term retracement range is

$3.2180 to $3.0140. Its retracement zone at $3.1160 to $3.1400 is acting like resistance. This zone stopped the rally earlier in the week.