MCX COPPER

MCX COPPER

MCX COPPER 2

MCX copper chart is my previous prediction which i have told u about this trend , but recent chart is MCX Copper2 which indicates correction pattern may be ABC wave,  still i am not sure but we should have keep in mind about these two patterns . If recent fall will make to finished in 5 wave in the levels of 365 and any big bounce back or bullish candle pattern will indicate 2 nd wave that means bull has been started .

 In weekly chart Big white candle with high volume indicates copper should not close below 360 levels and onwards bull should continue . lets see.

COMEX GOLD, MSCI EMR ETF

COMEX GOLD

 Due to Euro problem Gold is a safe heaven investment as we know but at this levels i think we should look one more correction pattern near 1680 levels which will be the best investment levels for onwards and that will be the 5th wave of 3rd wave of the longer longer term pattern and Trend Line ,MACD  are giving support to go up up up.

MSCI EMR ETF

This ETF pattern looks like our Nifty pattern as i said before in Nifty's trend .

MCX Copper

After touched 400 levels in MCX , it indicates some kind of correction pattern as i told before. so at this time i am just looking for confirmation to go for selling after making consolidate uptrend pattern but should not cross above previous high (402.80 levels ).

1HR. NIFTY, MCX COPPER ,DOW TRANSPORT,USDINR

1 HR. NIFTY CHART

 Nifty's price line didn't cross the previous low and closed above lower trend line which indicates bullish signal for  completing of B wave till the levels of 4175-4200 . but i think we should be cautious at higher levels , may be 1st wave has been extended . Then it may be go up near 5400 levels

MCX COPPER

 Bullish candlestick pattern with higher volume signals bull may be extended near 380-385 levels in few days with sl 339 levels. which may be C wave as i indicated in chart of last wave of correction pattern. so we should have to wait for some kind of correction movement at this levels  ( may be good buying levels 345-51 ).

DOW TRANSPORT AVG.

 1st wave has been completed and B wave is continuing .

USDINR

I am very confused to Analyze the longer term trend of USDINR  but yes in short term i am sure we should look some kind of correction pattern till the levels of 47-48 after completed 5 wave .

NIFTY , Dow Transport Avg.

NIFTY

 Nifty didn't touch 4670 levels as i think before but good bounce back at lower levels indicates C wave has been started so an kind of correction pattern will be get opportunity to add buying potion at lower levels.

DOW TRANSPORT AVG.

Dow has been taken support near 3950 levels as i said before , but at this time i think some kind of correction pattern we may see at higher levels which could be 2nd wave of C wave.

DOW TRANSPORT AVG.

DOW TRANSPORT AVG.

Yesterday falls below previous low indicates bearish should continue with the tgt. of 3950--3850 levels in Dow Transport Avg. if u look This chart price has been crossed strong support area according to fibonacci as i indicated in chart . so Trend pattern as well as fibonacci support are indicating bearish should continue but my thinking suggests we may not see more downfall pattern at this time so be cautious while making shorting position. Lets see.

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.