US DOLLAR INDEX , DOW TRASPORT AVG. , MCX COPPER

US DOLLAR INDEX

 After touched 79.50 levels now times to turn downtrend  if breakdown below 77.80 levels Tgt. will be 76.70 or 75 levels in few days in 5 wave pattern which is C wave of entire impulse wave pattern .

DOW TRANSPORT AVG.

 Dow has been fallen from higher levels as i told before but have to look on price shouldn't go below 4098 levels then breakout to upper levels will be shown to go higher high

MCX COPPER

I think copper 5 wave has been completed near 343.6 levels as well as A wave also . but at this time trying to make finish of B wave near 333-35 levels. Yesterday fallen 343 levels indicates one more bearish pattern we can see  near 333-35 levels in 1to 2 days. & 1hr. chart suggests copper may go up 353 levels by Monday which could be good levels to go short in MCX with sl 363.50. Positive Divergence in MACD & RSI are showing to bottom-out in copper at this time.

1 HR. Nifty Fut.

Nifty Fut. chart indicates one more downfall pattern may be happened in 5wave which is C wave of 2nd wave as i think due to bearish candle pattern ( Blended candle ). and breakdown below upper trend line suggests to go short with sl 5036 in fut.

MCX Copper

           After Big fall from higher level now it indicates to stop at this time for some kind of consolidate pattern as i think in ABC wave pattern as well as getting Fibonacci Support also near 340-352 levels. and we may see to the upper levels from onwards which could be 380 levels to completing of ABC wave pattern.

           For the longer range----- As i told before that Copper is trading in 5 wave pattern but if u look on recent low which is near 3rd wave that means it shouldn't trade in 5 wave pattern and could be ABC wave . if it is true then we could see huge downfall after completed the recent 5 wave pattern as i indicated in charts. But yes i am not sure for longer trading range and at this time i am just looking for 300 levels in MCX after completing 4th wave.

Nifty, 10 Year Treasury Note, DOW Tranport Avg.

NIFTY Daily Chart

1 HR. Nifty Chart

 Nifty didn't touch 4700 levels but if u look on B wave of C wave it's looking like 5 wave pattern that means C wave may be completed . And now onwards i think price line should not go below previous low which is 4759 then  Breakout above recent high after falling pattern which will indicate for UPTREND.

10 Year Treasury Note

 After Breakdown below 130 levels it indicates 5 have pattern has been completed and now for onwards for ABC wave , so its ultimately effects on other markets for positive bias .

DOW Transport Avg.

Price line has been taken support near Fibonacci support line as i told before so at this time i think it should go for preparation for C wave which should in 5 wave for the uptrend

US Dollar

At this time i think Dollar is leading to all of the commodities as well as Equity market also.so we have to take watch on Dollar index so when this dollar index will get bearish on short term chart then commodities market will grow up . But weekly chart clearly indicates bullish