Wednesday, 16 September 2015

Most Accurate Mcx and Commodity Tips Provider

MCX Sep Lead futures saw some recovery in the past session and ended in a positive zone. A “bullish hammer” candlestick pattern on daily charts indicates some short covering in coming sessions towards 114 & 115.35 levels. Hence, any fall in the early hours will be respect at 111.45 and add some buying pressure from the same.


MCX Oct Cotton has completed a “double top” chart pattern on daily charts and the neck-line breakdown of the same took place at 16050 levels, which will act as a resistance now. According to chart pattern the distance between top to neck-line will be down side target i.e. 15430 levels, meanwhile 15750 will act as an immediate target on downside.

NCDEX Oct Soya oil; sharp breakout from the falling trend-line resistance at 568 levels has kept the prices in a positive zone. Now the bias turned into positive mode and a “bullish engulfing” candlestick pattern on daily charts can lead the prices further up towards 582 & 588 levels. Hence, any dip can be utilized to accumulate fresh longs at 572 levels.

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