INTRA-DAY SELL CRUDE OIL AT 2700-05 TGT 2660 AND 2630 S/L 2740 CALL 9910595920
CHECK NOW ZINC BUY FROM 202.50 HIT 203.40 PROFIT RS 4500 JOIN NOW-9637712581
MCX Gold * Observations: * Prices are making lower low and lower high formation and closed the below support placed at 28620 * Prices are trading below 50 (29310) and 100 (29262) EMA * MACD is making lower low and lower high indicating strong bearish momentum. Inference & Expectations: * Next support is placed at 28300 and resistance is placed at 28620 * If prices sustain below 28620 we might see prices testing 28300.
MCX Crude Observations: * Prices are making higher high and higher low formation * Negative divergence and trend line break is indicating some cautions * Prices are trading above 50(3559) and 100(3420) EMA Inference: * Trend is bullish till 3582 is not broken on the down side * Support placed at 3582 and resistance placed at 3802 * If prices break below 3582 we might see prices testing 3540 and 3482
MCX Aluminum Observations: * After a double top pattern prices are making lower low and lower high * Prices break below the support placed at 130.50 * MACD making lower low and lower high pattern and are currently below zero indicating strong bearish momentum. Inference: * Prices are in the bearish mood * Support is placed at 128 and resistance is placed at 130.50 * If prices break below 128 we might see prices testing 126 levels .