Crude oil is one of the most active trading symbol in the commodity market. Most of the traders choose Crude oil in their portfolio because, its highly voletile symbol and gives good movement on daily basis. Today, on our clients request we are here to come up with one more blog about crude oil forcast for comming days.

As we all now that it has given a good upside move in all july month. In the starting days of july it was around 2850 and today on 28th July 2017 it is 3150. It is about 300 point upward move which we can say is very good move for a single trend. But, Now as according to our technical trend line charting method we are looking it to be go down till 3050 levels soon. 

Trendline Explained: Above is the image of Crude oil trend line chart where you can see some blue lines and one white line . we have plotted one equilant channel and one butterfly pattern and the white line is the resistance line generated by previous movement. According to the strategy price is not able to break the resistance line. That's why we are looking it to be in sell trend.

Trade:  We Can sell Crude oil below 3150 and we can keep SL above the Resistance line (3180) and Target will be 3050-2980 respectively.

Copper prices touched a five-month high Tuesday amid signs of stronger Chinese demand and lingering supply-side concerns.

The base metal jumped 2.21% to $6,167 a metric ton Tuesday. Gold, meanwhile, fell 0.31% to $1,250.50 a troy ounce.

The International Monetary Fund revised its growth outlook for China, the world's largest copper consumer, up 0.1 percentage point to 6.7% late Monday.

"Economists have raised China GDP forecasts, that's been steadily positive for sentiment and helps support prices, that's one of the key drivers," said Warren Patterson, commodities strategist at ING Bank.

The economic data came after China released figures on its copper imports earlier Monday, which increased in June month-on-month.

The recent Chinese data is, "the underlying big picture support, which has been simmering in the background," said Robin Bhar, head of metals research at Société Générale.

On the supply side, Antofagasta PLC and Barrick Gold Corp.'s Zaldívar mine averted a strike overnight, but threats to supply still exist. Freeport McMoRan Inc.'s Grasberg mine in Indonesia, the second-largest copper mine in the world, entered its fourth month of strikes Monday, which helps further boost the base metal, Mr. Patterson said.

Gold prices were muted ahead of the U.S. Federal Reserve's decision on interest rates Wednesday, where no changes are expected. A firmer dollar also pushed down on the precious metal.

The WSJ Dollar index, which compares the dollar against a basket of currencies, ticked 0.07% higher to 86.57. A stronger dollar makes dollar-denominated metals more expensive for holders of other currencies.

"It's really just been a factor of the dollar," Mr. Patterson said about gold prices.

Among precious metals, palladium rose 0.95% to $857.15 a troy ounce, platinum fell 0.38% to $928.80 a troy ounce and silver dropped 0.99% to $16.28 a troy ounce.

Among base metals, zinc rose 1.52% to $2,830.50 a metric ton, aluminum was up 0.52% to $1,922.50 a metric ton, tin fell 0.02% to $20,245 a metric ton, nickel jumped 1.84% to $9,940 a metric ton and lead gained 1.79% to $2,298 a metric ton.

Traders, Today we are here to give you a report on MCX Zinc according to our Trend line Pattern Method. In couple of months, MCX Zinc has given a sharp move towards upside. In November 2016 Zinc gives a movement of approx 40 Points in a signal month. The lowest level was 161 and Highest level was 203 Approx.

Now we are going to start discussing about the future move of Zinc. I am going to point out some of the support and resistance levels generated by our trend line analysis method.

Pivot: 178.50

Support: 175.50

Resistance: 180.50

Resistance:  185.00

In the Above Image, You can see one green Trend line which is showing the up ward movement of Zinc for the month of July and there are two more lines indicating down trend. One is red and another one is white. The red line is long term trend line and white is short term. The crossover of the 3 lines are known as the support, resistance and pivot level. In the image we have showed some stars on the crossover.

For the main support, resistance and pivot levels we have plotted horizontal lines which also you can see in the chart.

Instructions to Trade: Today on 25th July 2017, Current price of the symbol is 182.40 and according to our analysis zinc again came under the storng buy zone but as you can see in the chart, it seems facing some problem to move more up side. If it takes the support of the green line and move further according to the same direction then it can soon touch the major resistance levels. If it don't get any support for the green line and breaks the line for down move then you can see a sharp down fall till 178 Levels into Zinc.

Recommendations:

Short Term: Sell below 181.50 SL 183.50 TGT 178.70-176.50

Long Term: Sell Below 182 SL 185.50 TGT 176.50-171.50 (if it breaks and sustain for 3-4 hours below 182.40)

Disclaimer: All information provided in the blog is only on the basis of Technical Analysis. Trading in Stock or commodity market can be risky. We are not responsible for any kind of loss. Trade according to your personal risk.

When you are watching a pattern develop on a chart, how can you be sure that your wave count is correct? The Elliott Wave Principle offers rules and guidelines that you can use to add confidence to your wave count.

Elliott Wave International's Senior Analyst Jeffrey Kennedy spent years designing his own technique to improve his accuracy. He came up with the Jeffrey Kennedy Channeling Technique, which he uses to confirm his wave counts. The following excerpt from Jeffrey's Trader's Classroom lessons, a regular feature of his Futures Junctures Service, offers an overview of his method.

My theory is simple: Five waves break down into three channels, and three waves need only one. The price movement in and out of these channels confirms each Elliott wave.

Base Channel
Figure 61 shows three separate five-wave patterns with three different channels drawn: the base channel, the acceleration channel and the deceleration channel.

The base channel contains the origin of wave one, the end of wave two and the extreme of wave one (Figure 61A). Of the three channels, the base channel is most important, because it defines the trend. As long as prices stay within the base channel, we can safely consider the price action corrective. Over the years, I've discovered that most corrective wave patterns stay within one price channel (Figure 62). Only after prices have moved through the upper or lower boundary lines of this channel is an impulsive wave count suitable, which brings us to the acceleration channel.

Acceleration Channel
The acceleration channel encompasses wave three. Use the extreme of wave one, the most recent high and the bottom of wave two to draw this channel (Figure 61B). As wave three develops, you’ll need to redraw the acceleration channel to accommodate new highs.

Once prices break through the lower boundary line of the acceleration channel, we have confirmation that wave three is over and that wave four is unfolding. I have noticed that wave four will often end near the upper boundary line of the base channel or moderately within the parallel lines. If prices break through the lower boundary line of the base channel decisively, it means the trend is down, and you need to draw new channels.

Deceleration Channel
The deceleration channel contains wave four (Figure 61C). To draw the deceleration channel, simply connect the extremes of wave three and wave B with a trend line. Take a parallel of this line, and place it on the extreme of wave A. As I mentioned before, price action that stays within one price channel is often corrective. When prices break through the upper boundary line of this channel, you can expect a fifth-wave rally next.

In a nutshell, prices need to break out of the base channel to confirm the trend. Movement out of the acceleration channel confirms that wave four is in force, and penetration of the deceleration channel lines signals that wave five is under way.

Traders, This inidicator is very simple to understand the trend. There are various support and resistance lines which we used as Targets and Stoploss that is the reason we named it as touchline trading system. Indicator is based on Fibonacci and SR levels. You can see the above image which you can see blue and red colour candles. We can buy one the blue candles and sell on red candles but you need to remember that at the same time the other oscillatior will be in the same colour or direction only.

You can Download the indicator

Traders, we are here again to introduce you with our one more product which is a MT4 charting indicator which gives highly accurate tips about stock and commodity. This is not a trend following or lagging indicator which provide the signals very late and maximum time we are not able to take the trades in such signals because, already you find that half of the movement for the trend is already over. One more major problem which most of the indicators do have that, Indicators always gives signals according to the trend and most of the time if the movement of the trend remains active for more than one day.

MCX Sure Gain always care about the profitability of the traders, so after doing so much research now, we are going to launch the most powerful tool for generating profits daily. It is nothing but a MT4 based indicator in which we have used a price action based breakout strategy which gives signals in early manner to earn maximum profits during the trading sessions. This indicator is the advance version or our earlier indicator named Eagle trading system. Eagle works on Trendline breakouts and gives Accuracy more than other indicators. It identifies the breakout and generate tips immediately. You can even use the indicator in One or Five minutes timeframe.

Eagle Scanner dashboard indicator scan all symbols shown in Market Watch and it creates one dashboard on the chart window. There are two modes in the indicator one is dashboard mode and another one is Normal mode. In dashboard mode, it can scan all symbols in the market watch and show all symbols entry exit and status on the dashboard. If you click on any box of any symbol it will automatic convert to the normal mode and then you can see the whole chart of that particular symbol.

This indicator gives full notifications such as entry, exit and for every stop loss or any target. For an example whenever the buy or sell signal will come, it will give signal with sound and pop-up notification. After the signal, it will wait for the stop loss and target and whenever the target achieves it will notify that “target 1 achieved” and same it will do in the case of stop loss as well.

Above is the image of the indicator. If you want to have a demo of our indicator you can take demo for 3 days. You can write us on ccare@mcxsuregain.com. 

Traders, Now you can watch all of your favourite Currency pairs, stock and commodities on a single screen with full information of Trend Easily.

MCX Sure Gain has launched a New revolutionary indicator for Stocks, Commodities and Currency Pairs. It is a unique dashboard in which you can see everything over a single screen itself. Above is the image of our Dashboard indicator. You can watch daily trends along with Stop loss and targets. Whenever the stock or pair change there trend immediately you will get sound as well as popup notification on your screen.

Scanner works from the Market watch. If you put 20 Symbols it will show you the result of all 20. In short, we can say that you can put any number of symbols in Market watch to get notifications.

We have added a very powerful calculation for Stop Loss and target also. You can get maximum profit and minimum loss in our strategy. Our strategy is based on Super trend trading system which is well know indicator used by maximum number of traders.

If you wish to have a demo of the indicator you can visit our website : MCX Sure gain or you can email us at ccare@mcxsuregain.com.

Happy Trading ! 

Above is the chart of EURUSD in which have noticed that short-term buy signal is now over and it is moving toward downtrend.

 In Stock or commodity market, there are lots of methods to analyze stocks which make trading easier and profitable. But, unfortunately most of the traders who trade in stock or commodity markets are not aware of charting and technical analysis or fundamental analysis. They are doing silly mistakes and such mistakes are the only reason to lose their money.

There are number of segments in Indian share market as MCX, NSE CASH, NSE FUTURES AND OPTION, NCDEX, FOREX, AND COMEX etc, and we all know that share market takes place on all days except Saturday and Sunday. But there are some more holidays when share market closes, so that today we are here to know about equity’s holidays, because all the trader must have the knowledge about those holidays as well.

NSE (Equities Segment) trading holidays 2017 is discussed below:

*Muhurat Trading will be conducted. Timings of Muhurat Trading shall be notified subsequently.

The holidays falling on Saturday / Sunday are as follows:

Market Timings

Trading on the equities segment takes place on all days of the week (except Saturdays and Sundays and holidays declared by the Exchange in advance). The market timings of the equities segment are:

A) Pre-open session
Order entry & modification Open : 09:00 hrs
Order entry & modification Close : 09:08 hrs
*with random closure in last one minute. Pre-open order matching starts immediately after close of pre-open order entry.

B) Regular trading session
Normal / Limited Physical Market Open : 09:15 hrs
Normal / Limited Physical Market Close : 15:30 hrs

Block deal session is held between 09:15 hrs and 09:50 hrs

C) The Closing Session is held between 15.40 hrs and 16.00 hrs

Note: The Exchange may however close the market on days other than the above schedule holidays or may open the market on days originally declared as holidays. The Exchange may also extend, advance or reduce trading hours when its deems fit and necessary.

Today we are posting a new revolutionary indicator for MT4 (Metatrader 4) named MultiChartIndicator. In this Indicator we can see mutliple Stocks or commodity charts in single chart window and also we can change the time frames of the chart.

Inputs :

Symbol Input :  In this tab you can choose your desire symbolname Followed by (;)  sign.

Following are the inputs which you can change :

You can change the parameters accordingly to watch the desired symbols of any market and any time frame.

Gann Hilo Actiavtor and NPFX osicallator is being used in that strategy. This strategy is for medium and long term traders.

Time frame : H1 or higher.

Financial market : Any.

This is the most important part of using my trading system. All the criteria have to be exactly matched for successful order placements.

Metatrader Indicators:

Gann hilo,

NPFX hilo,

RSI alert.

We are going to look at two charts for trend determination- Weekly and Daily (W1

and D1). Only a handful of pairs will be trending enough to give you high probability

entries, so it's worth going through all the pairs in market watch starting by checking

the Weekly charts. For more info read section "Let's Get Efficient!".

Long/Buy signal :

1. Open a weekly chart and make sure that the last 3, 4, 5 candles are all moving

in the same direction, each one making new highs. (The more candles moving

in se same direction the better, but you can start from 3).

2. When you find a Weekly Chart (W1) that is trending go down to the Daily

Chart (D1) and make sure it "looks" right - most of the time it will be trending

just like W1.

On the Daily Chart you want to make sure that the last 15 - 25 trading days are

moving in one direction. Drawing trend lines can be very useful. If you need

more information about drawing trend-lines find a book called Stikky Stock

 

Charts - it is the best of the best on the subject!
Gann with NPFX
Gann with NPFX

3. If the daily chart is trending then you can go to 4hr Chart (H4) - this is where

you will hunt for a trade. The price has to be moving in the same direction as

in the Weekly and Daily Charts.

Now you have to wait for both of the bottom indicator green lines to move

above the middle black line and there has to be an arrow pointing upwards

on the candle. Wait until the candle with an arrow pointing upwards closes

and then enter the trade with a buy position. Please note that the time

 

indicator counts down the time left for the candle to close.
Gann with NPFX
Gann with NPFX

Short/Sell signal

1. Open a weekly chart and make sure that the last 3, 4, 5 candles are all moving

in the same direction, each one making new lows.

2. When you find a Weekly Chart (W1) that is trending go down to the Daily

Chart (D1) and make sure it "looks" right - most of the time it will be trending

just like W1.

On the Daily Chart you want to make sure that the last 15 - 25 trading days are

moving in one direction.

3. If the daily chart is trending then you can go to 4hr Chart (H4) - this is where

you will hunt for a trade. The price has to be moving in the same direction as

in the Weekly and Daily Charts.

Now you have to wait for both of the bottom indicator green lines to move

below the middle black line and there has to be an arrow pointing

downwards on the candle. Wait until the candle with an arrow pointing

downwards closes and then enter the trade with a sell position. Please note

 

that the time indicator counts down the time left for the candle to close.
Gann with NPFX
Gann with NPFX

Exit

When you open the trade simply put 50 pips Stop Loss and 60 pips Take Profit and

leave the trade until one of these levels are reached. This strategy is basic but good

as the trades are expected to move at least 60 pips and this method gives the trader

 

Reward ratio : Higher than 1:1 

Half Trend TD is a swing trend following system which you can use for medium term and long term prospective. In this Indicator you will get Blue and red bars below and above candlesticks.

Time Frame :30 min, 1 HR, 4 HR or daily.

Currency Pair : Any Currency.
 

Setting Metatrader indicators:

Half Trend Td amplitude 2.

Long Term filter indicator (Weekly time frame)

Medium term filter indicator ( current time frame) joker filter.

Supporting ADX 12 period with 22 level and smoothed moving average 3 period.


Half Trend TD trading rules


Buy Zone :


Half Trend TD arrow buy confirmed by:

Long Term filter acqua bar,

Medium term filter green bar,

and ADX > 22 level or ADX > your moving average (this condition is optional).


Sell Zone :

Half Trend TD arrow Sell confirmed by:

Long Term filter magenta bar,

Medium term filter magenta bar,

and ADX > 22 level or ADX > your moving average (this condition is optional).


Re-entry

When the price movement bounce on the Half Trend Trend Line

whit the same previous conditions.


Exit at the opposite arrow or ratio 1.2 initial stop loss or traling stop that depends by time frame and currency pairs. Initial stop loss on the previous swing.
 

In the