MCX COPPER

MCX COPPER

Free fall from higher levels price may be completed near 414-15 levels which is Fibonacci support and opportunity to add more buying position . but i have to look on for confirmation to 5th wave for the tgt. of 440-45 levels .

EURUSD

Falling line should stop at this levels and we may see some kind of consolidate pattern or rising pattern for further movement

NIFTY 1 HR. CHART , COMEX CRUDE,GOLD,SILVER,DOW TRANSPORT

NIFTY 1 HR. CHART

 I have already out of the market after achieved my Tgt. 4960 levels and looking for consolidation pattern in ABC wave as i told before. But Nifty is trading above Fibonacci resistance Area that means it may not come down below 4900 levels that will be good opportunity to add more buying position at that levels.

COMEX CRUDE

  One pattern is very surprising to me that is CRUDE pattern. More upside is still alive after completed C wave near ( may be 93 or 87 ) so at this moment if u looking to go for short then SL should be (103.73) .

COMEX GOLD

COMEX SILVER

At this time i think Silver and Gold will be very attractive price to buy for MID-TERM. But in short term we could see small down fall pattern at higher levels as i indicated in chart then go for buy after getting confirmation 

DOW TRANSPORT

Yesterday Dow has been achieved my higher Tgt. and from here looking only for  same as consolidation pattern like Nifty's pattern then lets see.

Comex Copper

Comex Copper

 Copper has been already shown the bullish signal above 8000 levels in LME and Comex--3.64 as i told before . But i am very much bullish till 4.20 levels but at that levels i will do wait for some kind pattern to getting confirmation . According to US dollar or Equity market are showing  bullish signal that means we may not see more downside pattern as i think before , it may be touch all time high which is 4.65 levels near Y wave then could see free fall with equity market.

               But i will tell you must look on NICKEL and Lead to add more buying position at this time without any fear then later look on Aluminum after small correction as well as Zinc also . I am very sure that u will get maximum return than copper from this levels.

Shangai

Shangai Index , Euro Equity index , US market Equity index will get good support to go up up up as well as a good driver to getting in bullish mode.

USDX , USDINR , MCX Copper 1hr. chart

USDX

 We have already seen huge rise pattern from lower levels in 5 wave that means could see falling moment for 3 to 4 months in ABC wave which should 2nd wave so automatically positive reflects on Base metal sector, Equity market as well as Bullion market .

USDINR

 

 It reacted same as i posted before but at this time i going to buy at this levels for the Tgt. of 54 again which could be B wave of 2nd wave so look on consolidate pattern near current levels then should add position for short term 

MCX Copper 1hr. cha

I think copper should fall at this levels till near 408 which could be good levels to add buying position which the Tgt. of 340-45 levels in few days.

COPPER

MCX COPPER

COMEX COPPER

After broken out from long consolidation  8000-7100 levels in LME chart it indicates upward movement near 9000-9400 levels or in COMEX --(4--4.05) or in MCX near 440 to 445 levels. But at this time i think u should add 30% long position and wait for a small correction as i indicated in chart . That will be very good opportunity to add remaining quantity( 60%) from that levels to develop the long position .

Nifty 1 HR Chart

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Price line is being trade above 4800 levels which indicates bullish will stay active near 5200 levels of my last TGT. of B wave then we could see free fall in 5 wave pattern till the near 4260 levels in Nifty. But at this time SL should be 4680 for bullish trend