Navigation
”crude

MCX lead has given breakout seems bullish

As one can see from the adjacent chart, MCX lead has given breakout on a key moving average on the one-hour chart. Get-Commodity Channel Index turned positive with green coloured histograms and Oscillator (5-35) indicates a bullish grip. Expert Trend Locator (XTL) has turned positive as it has given a positive colour change, while closing above the moving averages’ band (6 high and 6 low) and at the same time John Trend Indicator (JTI) adds confirmation on it. The XTL has also crossed its 1.5 retrenchment levels. On any dips till Rs124.50-Rs125, one can buy or accumulate for an upside target of Rs127-Rs129. Trade below Rs122 will negate a bullish view.
Share

Shubhlaxmi

Shubhlaxmi Commodity is a Free portal where you are provided all market such as Commodity stocks futures and Currency Like USD To INR and internatinol live market prices and live charts and Free support and resistance level

Post A Comment: