July 02, 2010 : Lead: To higher territory
The analysis of the daily chart of MCX Lead reveals bullish developments. The base metal is forming a bullish price pattern called inverted head and shoulders pattern. The rise from 72.55 to 84.85 wa...
July 01, 2010 : Nickel: multiple bullish cues
The analysis of MCX Nickel’s daily chart shows that the move from 823.6 to 952 was a five-wave advance. As per Elliott wave principle, a five-wave advance is followed by a three-wave correction and a...
June 30, 2010 : Gold: Gathering strength
MCX Gold on the daily chart has formed a triangular consolidation pattern. Every dip in the consolidation has taken support near the middle Bollinger Band and the 21 daily exponential moving average (...
June 28, 2010 : Copper: Stands strong
Copper is forming an ending diagonal on the daily chart.In the last trading session, the metal has closed above the upper end of the pattern as well as above its 50DEMA. The daily MACD has formed a hi...
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