Weekly Trade Setups – 3rd Sept to 6th Sept 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

 

NIFTY :

Trend – bearish.

11125 area is clearly seen as a multiple affected zone and price is testing around 11125 area and falling down.

We posted in our this significant area in our previous weekly updates.

Any pullback till around 11125 area would be a short selling opportunity on clear sell signal on daily time frame.

 

XAGUSD :

Trend – Bullish

Multiple inside bar is seen at the top.

For silver we need a downward pullback till around 17.395 – 16.624 – 15.930 area to catch bullish move ahead.

 

XAUUSD :

Trend – Bullish

Inside bar is seen.

We are now eager to watch a downside pullback till around 1492 – 1451 area to participate the bullish momentum ahead.

 

CRUDE OIL :

Crude Oil – Bearish

57.39 $ area is seen as a multiple affected area to watch clear selling signals on daily time frame to rejoin the bearish rally.

 

NATURAL GAS :

Trend – Bearish

Price is arrived at the radar area to watch for selling signals at around 2.327 area. We will update if any potential signals arrives.

 

COPPER :

Trend – Bearish

If we observe the price structure in weekly time frame for Copper , It is clearly seen that price lies below the affected zone and we can see bearish rejection.

So coming to daily time frame any upside pullback till around 5775 area can be a opportunity to sell.

Any upside pullback till around 5775 would be a short selling opportunity on clear sell signal on daily time frame.

We can expect huge fall in Copper in coming days.

 

NICKEL :

Trend – bullish

Bearish pin bar at the top. ( counter pin. we don’t trade )

Flip buying support zones for NICKEL is seen at around 16412 and 15050 area.

We need clear buy signals on daily time frame at around 16412 or 15050 area to catch bullish move.

 

ZINC  :

Trend – down

Any strength till around 2357 area can be a aggressive short selling opportunity for ZINC on clear sell signals on daily time frame.

 

LEAD :

Clear side way structure is seen for LEAD MCX as seen above.

We are interested to see clear buy signal at around 148 area to ride the bullish move.

Stay updated for next updates .

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