USDX, COPPER

USDX--Dollar Index

 Dollar price may fall at higher levels . and C wave of Entire Decline Impulse wave has been started so we have to wait for a small correction at higher levels for the 2nd wave as i think and total 5 wave or C wave pattern may be completed near 100 levels .

MCX COPPER Short term chart

COMEX COPPER Longer term Chart

Comex copper chart indicates for the longer term movement and the initial tgt. is 2.6 levels for 3rd wave which may take good support according to fibonacci analysis. and in Short term MCX Copper chart indicates 1st Tgt. --355 , 2nd Tgt.-340, 3rd Tgt.--300 levels . i am very comfortable in Lead, Zinc ,Nickel for bearish than the copper .

MSCI EMR ETF , DOW Transport

MSCI EMR ETF ( Emerging Index ETF )

 This chart indicates H&S pattern which is bearish for longer-term so if u look on volume then see decline volume on right shoulder which indicates to price may not go above near 50 levels  . According to fibonacci analysis 45 levels is a strong resistance point , so at this levels we may see some kind buying moment at lower levels for the completing of C wave of 2nd wave as indicated in chart.

Dow Transport

Yesterday falling pattern may be completed near 4200 levels as i told before so that will be the B wave of entire Declined Impulse wave pattern then rise for C wave of 2nd wave .

NIFTY SPOT

Nifty breached 4720 levels which is the previous support that means we may see more downfall pattern near 4350-4400 levels . and in 1hr. chart indicates some kind of pull back rally may be happened from 4700 levels to 4850 levels which will be the good levels to go for short  in Nifty fut.