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Crude oil Analysis forecast news for coming days -MCX Sure Gain

Writer-Mcx Sure Gain

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.

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Copper Climb 4% on Tuesday due to China Economic Data

Writer-Mcx Sure Gain

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.

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MCX Zinc Analysis 2017 by Trend line Pattern

Writer-Mcx Sure Gain

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.

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How to Confirm an Elliot Wave Count ? -MCX Sure Gain

Writer-Mcx Sure Gain

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.

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Commodity Trading Intraday Free Tips

Writer-neelabh shing

At TheEQUICOM Research,

Market weather in bullish or bearish state a trader wants to earn in both the situation. Wet TheeEquicom Research are working in the same direction to provide our clients the best services in all the segments of the market. The magnitude of our research moves around a single motive to provide our clients a step ahead of client satisfaction that is client delight.

You can trade in shares and commodities. However, in India, Theequicom mainly trade in stock futures and options due to sheer volumes. Trading means buying and selling a stock the same day or holding it for just 2-3 days. The former is called intra-day trade. The latter is called swing trade. Positional trade generally involves taking a longer position and holding a stock for 2-3 weeks.

There are"Equity Tips, Most Accurate Equity Tips,  market creators or experts and the whole procedure is arrange driven, which implies that market orders put by  Stock Trading Tips, MCX Tips, speculators are naturally coordinated with as far as possible agri tips, currency tips, . Accordingly, purchasers and venders stay unknown. The upside of a request driven market is that it brings more straightforwardness, by showing  "Equity Tips, Most Accurate Equity Tips,  all purchase and offer requests in the exchanging framework. Notwithstanding, without showcase producers, there is no assurance that requests will be executed

This depends to a large extent on how much capital is available, how many opportunities you can explore and your knowledge of technical analysis. Exchanging at both the trades happens through an open electronic point of confinement arrange book, in which arrange coordinating is finished by the exchanging PC.

Join Theequicom for best trading experience ever

Financial Advisory Share Market  Nifty Future Tips

The importance of discipline in share trading cannot be over stressed. That is because in most cases, when people are making money, greed makes them wait for more, and so they don't book profits. When prices fall, fear makes them sell fast. These situations can be avoided if they know when to book profit/loss.

If losses are not a deterrent and the market's roller-coaster movements give you a high, here are a few habits and skills that can help you stay on the right track. These are useful for day traders as well as positional traders if any one deal with theequicom Research Finanacial.

The vast majority of the exchanging the Indian securities exchange happens on its two stock trades:  Be that as it may  Commodity and stock tips are provided by experts only.,The research analyst panel in the company is in continuous touch of the market and is to deliver the best trading levels for clients. The experts analyze the charts and figures for providing the best research levels

 

 

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Touchline Trading System - MCX Sure gain

Writer-Mcx Sure Gain

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

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Best Eagle Scanner cum Dashboard

Writer-Mcx Sure Gain

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

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Dashboard cum Scanner Indicator for MT4

Writer-Mcx Sure Gain

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 ! 

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Sell GBPUSD Below 1.27438 SL 1.27560 TGT 1.26810-1.26650

Writer-Mcx Sure Gain

Above is the chart of GBPUSD in which have noticed that its now being pressured for Downward. You can see a sharp down trend.

Following are the instructions to take the trade:

Signal: SELL   Symbol: GBPUSD Price: 1.27438

Support: 1.26458 and Resistance: 1.28117

Glimpse: Today we are analyzing the H1 chart of GBPUSD and we have observed that it is moving in selling zone. There is a strong resistance level @ 1.28117 Levels and Strong support @ 1.26458. If GBPUSD breaks the Resistance levels then only we can consider that it can go in buying zone up to 1.28730 levels otherwise it cannot to go upside because of the selling pressure observed in the chart. As per our Analysis we can sell it below 1.27438 and we can keep target of 1.26810-1.26650 Levels with the Stop loss Above 1.27560 (M15 Candle Closing based).

Note: Trade only below the entry level and book profit accordingly.

Disclaimer: Above given facts are on the basis of our technical analysis method. Trading can cause major losses.  Please use your sound judgment before making any position. We shall not be held responsible for any major or minor losses.

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SELL EURUSD @ 1.11689 SL 1.12081 TGT 1.1101

Writer-Mcx Sure Gain

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

 

 

Following are the instructions to take the trade :

Signal : SELL   Symbol : EURUSD Price : 1.11689

Support 1.11071 and Resistance : 1.12081

Glimpse : We have noticed that earlier there was a uptrend in the EURUSD chart( H1). But, now it is moving downward sharply and about to cross the trend-line breakout level of 1.11689 if it breaks the levels successfully then it will cause of sharp downfall or breakout towards the support level. We need to be aware about the reversal factor as well if it doesn't go below the selling entry level it can move up side and if in any case it breaks the resistance level can push it to 1.11321 Levels.

Note : Trade only below the entry level and book profit accordingly.

Disclaimer : Above given facts are on the basis of our technical analysis method. Trading can cause major losses.  Please use your sound judgement before making any position. We shall not be held responsible for any major or minor losses.

 

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