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Crude oil getting squeezed 20 Aug 2013 | 05:50 pm
From the high of $109.32, NYMEX Crude oil has been trading with a sideways to bearish bias. It has been doing the sideways correction in a channelised manner. Recently, it faced resistance near the up...
Aluminium to start tumbling 6 Aug 2013 | 11:35 pm
The adjacent chart shows price movement of MCX Aluminium. MCX Aluminium has been trading in a mediumterm downward sloping channel. Recently, from the lower channel line, the base metal has moved up si...
Gold Smart Recovery 6 Aug 2013 | 09:26 am
After the near vertical fall in April, gold had taken support near the long-term rising trendline. It consolidated there for several weeks, which took form of a triangular pattern. The pattern broke o...
Zinc about to topple 26 Jul 2013 | 09:39 am
MCX Zinc formed a large ending diagonal and tumbled down sharply from there. It has done a pullback, which has retraced 78.6% of the previous fall and from that key Fibonacci level it has started fall...
Lead on southward journey 25 Jul 2013 | 10:29 am
The chart shows the price movement of MCX Lead on the continuous chart. From the low of 104.25, lead formed a sharp rally. It retraced nearly 78.6% of the entire previous fall. However, near the key F...
A bearish outlook for copper 23 Jul 2013 | 01:34 am
Copper formed a multi-month triangle, where the last leg made a throw over of the pattern. The triangle has been formed in the right shoulder of a larger Head & Shoulders (H&S) pattern. Thus, the red ...
Relief rally for gold around the corner 3 Jul 2013 | 12:45 am
After breaking down from the sideways consolidation,gold saw a sharp decline last week. The decline was a clean five-wave decline. After a five-wave decline, we generally get a retracement of the five...
Silver in demand 2 Jul 2013 | 09:21 am
Silver had broken down from a bearish triangle and we see a clean five-wave decline. After a five-wave decline, we generally get a retracement of the five-wave decline as per the Elliott wave principl...
Lead leading down 1 Jul 2013 | 12:44 am
The chart shows the price movement of MCX Lead (2ndmonth continuous chart). From the low of 105.2, lead formed a sharp rally. It retraced nearly 78.6% of the entire previous fall. However, near the ke...
Bearish developments in crude oil 25 Jun 2013 | 09:54 am
Crude oil continues to oscillate about its crucial weekly moving averages. The oscillations are taking place in between two converging trendlines. In terms of the price pattern, the oil has formed a l...
