Weekly Trade Setups – 12th August to 16th August 2019

PLS NOTE : All chart analysis posted below are the author’s own idea of trading for educational purpose only &  not any form of advice or recommendations or opinion to anyone

SILVER :

Trend – Aggressive bullish.

Bullish rejection found on 1st Aug at the nearest flip support area worked excellent as seen in the above price chart.

We are eager to rejoin the bullish rally again at the flip support area of 16.649 or 16.175 area with a clear buy buy signal.

 

GOLD :

Trend – Bullish

This week we will closely observe the downward pullback till 1440 area or 1381 area to board the bullish trend ahead.

Stay connected for next updates.

 

CRUDE OIL :

We have seen a aggressive drop in a price after a bearish combo set up for crude oil as we posted on whatsapp.

We are still having short selling views for CRUDE OIL as long as the price lies below 58.80 $ to 60.69 $ area.

This week we will observe the selling signals till around 58.80 $ or 60.69 $ area.

Stay connected for next updates.

 

NATURAL GAS :

Trend – Bearish.

We already traded the bearish rejection found on 1st Aug and got excellent downward move.

We still are eager to find a upward pullback starting from 2.158 – 2.327 – 2.441 area to rejoin the downward move again.

We will find clear selling signals till starting from 2.158 – 2.327 – 2.441 area to get in line with downtrend.

 

LEAD MCX :

 

For Lead we will observe the MCX charts to take trading decisions in it as there is a discrepancy in Lead CFD chart and Lead MCX chart.

Above is the LEAD MCX chart.

Trend – Side Way

Our focus will be on 148.50 area and 159.50 area to take further decisions in LEAD.

Clear selling signal at around 159.50 area would be a selling opportunity and clear buying signal at around 148,50 area would be a buying opportunity.

Or else if any sideway range breakout occurs then it may create a breakout trading opportunity.

We will post next updates for LEAD MCX.

 

ZINC :

Trend – Aggressive down

Any upside pullback would be a strong short selling opportunity for ZINC.

We will observe clear sell signals at around 2357 area if we get a upside pullback to board the downward bearish move.

 

NICKEL :

Trend – Aggressive bullish.

Bearish rejection is found at the top for NICKEL as seen above in the price chart. This can push the prices downward.

Clear buying signals found on daily time frame at around 15116 or 13783 would be a buying opportunity for NICKEL.

We stay bullish for NICKEL till price is above 13783 area.

Waiting for buying signals till 13783 would be a good idea.

 

COPPER :

Trend – Bearish

It is seen that price is arrived at at flip resistance area of around 5778 area.

Now here we need clear bearish rejection on 4 H or daily time frame to take short selling decision.

Stay connected for next updates.

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