Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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

 
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 Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

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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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