The MCX Tips Expert Weekly Research Report Rudra Investment

BULLIONS WEEKLY TECHNICAL LEVELS

GOLD(AUG) MCX WEEKLY CHART

WEEKLY PIVOT
S1	30279
S2	30126
PP	30508
R1	30661
R2	30890

TECHNICAL/FUNDAMENTAL VIEW – The MCX Tips Expert | Gold Market tested the $1250 level during the week but found a slight amount of support in that area to keep the market somewhat stagnant. Regardless, with the most important thing on the chart looks to me to be is the uptrend line that got broken 2 ½ weeks ago. I believe that the market will eventually find sellers on any type of bounce, and I would look at those as nice opportunities. In fact, it’s not until we break above the uptrend line, or maybe even the $1300 level that I would be comfortable buying unless of course, we find some

type of mass of supportive candle format an important level such as the $1200 level. I would also consider a supportive candle at the $1250 level, but I think that the market is more likely to go lower than form a bounce of consequence right now. Ultimately, I think the $1200 level will be very important, but a break down below there opens the door to much lower levels. We are more than likely going to see a lot of back-and-forths, and then makes quite a bit of sense as there are geopolitical concerns, and that, of Course, Will Dr., Gold markets back and forth. After all, Gold is highly sensitive to risk appetite and US dollar strength, so certainly we would have to pay attention. I still like physical gold but think that you will be able to buy physical gold at better prices if you are patient enough.

BULLIONS WEEKLY TECHNICAL LEVELS

SILVER( JULY) MCX WEEKLY CHART

WEEKLY PIVOT
S1	38840
S2	38453
PP	39382
R1	39769
R2	40311

TECHNICAL/FUNDAMENTAL VIEW – The MCX Tips Expert  | The Silver markets had broken down during the week, slicing through the bottom of a hammer from the previous week. This is a bearish sign, and it looks as if we are ready to go lower, perhaps trying to find more significant support. The $15.50 level underneath has been important more than once, and I think that makes sense as a target from here. Silver, of course, has been very noisy as it typically is, but when you look at the chart you can see we have been drifting sideways, but with a slight downward slant. I am not looking for

some type of meltdown, far from it, but I think that the market certainly has a bit of negativity attached to it. If we were to break down below the $15.50 level, I would be rather surprised, and I think that would bring in a lot of value hunters. I believe that the market continues to offer plenty of opportunities for value hunters to get involved, especially if you’re willing to own physical silver as it takes a lot of the concerns of leverage out of the equation. With this in mind, I think that longer-term owners of silver will continue to buy on the steps, and therefore I think that’s part of why we have such a strong support level underneath. I believe that the next week or two could be somewhat negative, but eventually, we will find value hunters coming back.

ENERGY WEEKLY TECHNICAL LEVELS

CRUDE(JULY) MCX WEEKLY CHART

WEEKLY PIVOT
S1	4774
S2	4462
PP	4940
R1	5252
R2	5418

TECHNICAL/FUNDAMENTAL VIEW – The MCX Tips Expert  | Broke out above the $72 level during the week, a very bullish sign. It looks as if the $75 level above is going to be targeted, and quite frankly I think there could be a bit of resistance in this area as it is significant. I think that the psychological resistance, of course, will eventually be broken, because there is no other significance to it than the round number, and I think that we could pull back to find value underneath. The last couple of candles

on the weekly chart will continue to show signs of bullishness, and with the uptrend line underneath, we should continue to see plenty of buyers from a technical standpoint as well. Look for pullbacks, take advantage of them. Brent market initially pulled back during the week below the $75 level but turned around to break out to the upside and looks to be closing towards the top of the range for the week. We are just below the $80 level, an area that of course is psychologically important and has shown significant resistance previously. If we can break above the $80 level, then I think the market is free to go to the $85 level after that. Looking at the candlestick and the charts, you can see that there is plenty of bullish pressure, and of course a nice uptrend line just below.

BASE METALS WEEKLY TECHNICAL LEVELS

COPPER(AUG) MCX WEEKLY CHART

TECHNICAL/FUNDAMENTAL VIEW- The MCX Tips Expert  | The direction of the July Comex High-Grade Copper market this week will be determined by trader reaction to Friday’s close at

$3.3000.If bullish traders can sustain a move over $3.3000 and create enough upside momentum to overtake $3.3155 then we could see a rally into the February 28 top at $3.2420. The daily chart is wide open over this price with $3.5000 the next likely target.  The inability to sustain a rally over $3.3000 will signal the

presence of sellers. If it’s just profit-taking causing the selling then we could see a short-term break. If the selling is news driven by the end of the strike in Chile, then the market could drop even further. The first downside target is the main Fibonacci level at $3.1955. Since the main trend is up, we could see a technical bounce on the first test of this level. If $3.1955 fails as support then look for the selling to extend into $3.1630 to $3.1505, followed by $3.1265.

Free MCX Tips | Brent Crude Near $ 76.5 And Weakness In Gold

According to the Free MCX Tips Expert Team,  US has asked oil buyers to stop imports from Iran. The US has asked Iran to stop importing oil after November 4. So, on Tuesday, there was strong bounce in crude. At present, WTI Crude is trading at $ 70.7 with an increase of 0.25% on NYMax. Brent Crude is trading 0.2 percent up at $ 76.5.

However, there is a decline in gold prices. Gold is trading at $ 1,256.5 with a drop of 0.25 percent on the commerce. Silver is also seen weakness. On the commerce, silver is trading 0.25 percent lower at $ 16.3.

Rudra Investment Free MCX Tips

   

Gold MCX (August futures)	Sell - 30650	Stop loss - 30800	Target - 30450
Crude oil MCX (July futures)	Buy - 4780	Stop loss - 4700	Target - 4880

 

Weekly Best MCX Tips And Research Report Rudra Investment

Weekly MCX Research Report [4/6/18  - 8/6/18]

BULLIONS WEEKLY TECHNICAL LEVELS

GOLD(AUG) MCX WEEKLY CHART

WEEKLY PIVOT S1 30357 S2 30405 PP 31126 R1 31378 R2 31847

TECHNICAL/FUNDAMENTAL VIEW – Best MCX Tips | Gold Market continue to show signs of support underneath at the uptrend line for the third week in a row. I think that the market is probably going to continue to go higher, especially if the US dollar falls over the next couple of weeks, which looks like it could happen against many of the world’s major currencies based upon the weekly chart. That being said, we could see a bit of volatility, but I think we could also get a bit of bullish pressure due to geopolitical concerns, or perhaps a falling US dollar. I think there’s a couple of different scenarios that could help this market, but if we were to break down below the $1275 level, we could break down to the $1250 level.I think that if we do continue to rally from here, we

will probably target the $1350 level above which has been massive resistance extending to the $1360 level. I think the Gold markets haven’t changed much when you look at it through the prism of a longer-term chart, despite the fact that it has been rather difficult over the last couple of weeks. If we break down, it’s hard to tell what would cause it, but certainly it looks as if the buyers are willing to make a stand in this general vicinity, so I think that likelihood of this market going higher is much stronger than breaking down as the uptrend line goes all the way back to the end of 2016.

BULLIONS WEEKLY TECHNICAL LEVELS

SILVER( JULY) MCX WEEKLY CHART

WEEKLY PIVOT S1 39514 S2 39492 PP 39867 R1 39889 R2 40242

TECHNICAL/FUNDAMENTAL VIEW – Best MCX Tips | The Silver markets went back and forth during the week, forming a bit of a hammer, and quite frankly it looks likely that the market will continue to try to build up a bit of momentum, but clearly we are nowhere near it right now. I think that the market will eventually go towards the $20 level, an area that I think is massive for the longer- term, and I think that it will take a lot of work to break above there. I think building a longer-term and physical position might be the best way to go going forward, because eventually I think that  if we can break above the $20 handle, we are likely to go to the $50 level.That isn’t ready to happen anytime soon, so I think longer-term investors are using this as an opportunity to build up

massive positions. I have no idea when it happens, but it’s obvious to me that we can break down significantly. By taking the leverage out of the equation, you should have the ability to build up a big position. I think the $15 level underneath is the massive floor in the market that we need, and therefore if we can stay above that level I think it’s only a matter of time before the longer-term uptrend comes into play. I recognize that every $0.50 or so there is a certain amount of support and resistance, so use these levels as guideposts going forward. I do like the idea of adding to my position every time we pull back currently.

ENERGY WEEKLY TECHNICAL LEVELS

CRUDE(JUNE) MCX WEEKLY CHART

WEEKLY PIVOT S1 4354 S2 4280 PP 4490 R1 4564 R2 4700

TECHNICAL/FUNDAMENTAL VIEW – Best MCX Tips | Initially try to rally during the week but turned around near the $69 level. By rolling over the way we have, the market has gone down to the $66 level. There is a major uptrend line just below, so I think at this point  if we can break down  below the $65 level, that would be a smashing of major support. If we can break down below there, the market probably goes down to the $60 level next. The alternate scenario of course is that if we break above the top of the candle for the week, then we could go to the $70 level after that. That being said, it does look like we are starting to struggle a bit, and the previous weekly

candle certainly looks negative.

Brent markets were wild during the week, rallying and reaching towards the $80 level. However, we found enough resistance near the $79 level to turn around and form a massive shooting star. The shooting star sits on the $75 level, an area that has previously been resistance, and it should now be supported. If we can break down below the bottom of the candle for the week, I think we go looking towards the uptrend line underneath as although we are in a very bullish uptrend, we have had a shooting star at the $80 level, at very negative candle after that, and now another shooting star, which to me suggests that we are going to continue to struggle to gain from here.

Profitable MCX Tips | Weekly Report | Rudra Investment

WEEKLY PIVOT S1 30898 S2 30608 PP 31202 R1 31492 R2 31796

TECHNICAL/FUNDAMENTAL VIEW – Profitable MCX Tips | Gold initially fell during the week but found enough support at the uptrend line to turn around and continue the upside and go towards the $1350 level above which was massive resistance. The market has formed a major ascending triangle and should continue to drive the market to the upside. If we can break above the $1360 level, then I think the market probably goes to the $1400 level. I think that short-term pullbacks continue to be value propositions the people will take advantage of, and it’s obvious to me that the uptrend line is crucial. If we were to break down below the $1265 level, the market could unwind rather drastically and reach towards the $1250 level. Ultimately, I think that more than likely we will see

bullish pressure though, because there are a lot of concerns around the world, not the least of which would be Syria, North Korea, and trade talks between the US and China. Longer-term though, I do believe that it’s only a matter of time before Gold markets takeoff to the upside, and I think that they will continue to offer value on these dips. However, you must remain flexible and understand that if we pull back from here, it is possible that we could break down. Ultimately, I think that the market will continue to be noisy to say the least, so I would keep my position size small and at the very least with very little leverage.

WEEKLY PIVOT S1 39801 S2 39335 PP 40358 R1 40824 R2 41381

TECHNICAL/FUNDAMENTAL VIEW – Profitable MCX Tips | The Silver markets continue to go back and forth during the week, as we see the $16.50 level offer a bit of a fulcrum for price. I think that the market is essentially trying to build some type a basing pattern, so it is possible that we will eventually see an impulsive move to the upside. I think there is plenty of support underneath down at the $16.50 level, and then even the $15.50 level after that. I think that the market will continue to find buyers on dips, and eventually we could break out to the upside. I think that the market will eventually find reasons to go long, and I think that value hunters will continue to test

It’s not until we break down below the $15.50 level that I would consider shorting this market, and even then I think it would be very difficult to do so. This is a market that I tend to invest in longer-term, and I think what we are doing right now is offering value for those willing to pick up silver in little bits and pieces and add to a longer-term core position. This is why I like physical silver, but I do recognize that short-term traders may be able to go back and forth with an upward proclivity and the futures markets, or even the CFD market. Ultimately, this is a market that I think has a lot of support underneath, so then it’s likely that we will continue to find buyers.