Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Three Longterm Bearish MCX Commodity Charts

30 sec read

Checkout the three longterm bearish MCX commodity (MCX Gold,MCX Copper,MCX Crude) Weekly charts which is in currently in long term sell mode as per Intratrend weekly charts.
MCX Gold Gold Charts
MCX Gold Weekly Charts
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MCX Gold very recently turned to Long term sell mode.

MCX Crude Weekly Charts
MCX CRUDEOIL Weekly Charts

MCX Crude is in sell mode since Oct 2011 and the long term sell signal in crude continues


MCX Copper Weekly Charts

MCX Copper Weekly Charts

MCX Copper is in sell mode since mid of march.

Can i trade this information
Generally on the long term charts when it turned to sell mode on the charts the signal could last for a year. And high possibility that these commodities can be a turned down. However since the stop loss levels are at very higher levels it is recommended to avoid taking position based on this charts.

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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One Reply to “Three Longterm Bearish MCX Commodity Charts”

  1. Dear sir,

    Please send the MCX Copper weekly chart details how much rupees.
    Thank you,
    DHANABAL S
    KARUR
    TAMILNADU.

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