The below charts show power of impulsive pattern across the commodities – Gold, Silver, Crude and Copper. Many are fixated upon movement of equity markets which has been subdued since the start of New Year whereas commodity has been providing ample opportunities on the long side.
We have seen strong trending moves in Base metals, Energy pack and Precious metals as well. See the below charts of different commodities published in today’s morning research report – The Commodity Waves short term update.
See how easy it is to trade an impulsive trend if you are placed the right direction. You might refer our previous articles on Copper and other metals as well where we captured the entire up move and we turned bearish post wave v completion which helped to capitalize on the past few days of correction as well.
MCX Gold 60 minutes chart:
MCX Silver 60 minutes chart:
MCX Crudeoil 60 minutes chart:
MCX Copper 60 minutes chart:
So, once you have the Elliott wave structure or pattern you now know the address of the market. Using this co-ordinate you can formulate the trading strategy and use appropriate indicators.
So, if we expect a trending move then Moving averages will provide good support to prices, whereas during sideways action Bollinger Bands will do the magic!
Along with charts, it is important to see the support and resistance levels which we give along with the research daily morning.
Get access now to “The Commodity waves short term update” and trade the asset where the opportunity lies. I believe we should be flexible in switching the asset to the ones that are trending. Right now, it seems Commodity is the place to be in – Subscribe Now here
In case you do not have time to analyse and read the charts yourself subscribe to our Intraday / Positional Commodity Tips services where we monitor and shoot the calls based on opportunities. We have been able to capture amazing moves on Gold, Copper and other metal space over past few days. Subscribe for Commodity Tips and get research report free. Get access here