Today there was a huge Gap Down in MCX Commodities.Almost maximum MCX Commodities were Gap Down in the Opening bell of market.But today at the closing bell of market there was a Bullish Price action signal seen in Crude Oil, Gold Mini, Zinc Mini,Alumin and Copper.As per my price action strategy I am going trade intraday tomarrow in Crude Oil, Gold Mini, Zinc Mini ,Alumini and Copper . See the Daily Price Charts of Crude Oil, Gold Mini, Zinc Mini,Alumini and Copper below.
Daily Price Chart of Crude Oil on 1st December
You can see in the above chart There is a strong bullish price action signal for 2 nd December.Tomarrow I will be in Long position only if 4292 breaks on 2nd December. My target for this trade is 40 points above my buying level and my stop loss will be 30 points below from my buying level.
Daily Price Chart of Gold mini on 1st December
Tomarrow I will be in intraday trade in Long Position in Gold Mini since I found a Bullish price action set up on 1 st December. I will be In a BUY Position only if 26640 breaks. My target is 80 points above my buying level and My stop loss will be 50 points below the buying level.
Daily Price chart of Zinc Mini on 1st December is shown below
Tomorrow On 2 nd December I am going to be in a Long position in Zinc mini only if 139.20 breaks. My target will be 0.90 points above the buying level and the stop loss will be 0.60 level below the buying level.
Daily Price Chart of Copper on 1 st December is as shown below
Due to the strong price action signal I found in the Copper Daily Price Chart , I will be in Long position in Copper only if it breaks 404.20. Target for this trade will be 2.5 points above the buying level and stop loss will be 1.5 points below the buying level.
Daily Price Chart of Alumini on 1 st December is as shown below
I found a Pin Bar Price action signal in Zinc on 1 st December as shown in above price chart. Tomorrow I will be in intraday Long Position in ALUMINI only if 126.45 breaks. Target for this intraday trade will be 0.90 points above buying level and stop loss will be 0.60 points below buying level.
I will update you my results of above trades tomorrow on 2 nd December.
Update of the above all trades as on 2 nd December is as follows
I did not got any order executed except Crude oil. I booked the Stop Loss in Crude Oil of 30 points. Remaining all trades were pending and no trades executed till the closing bell of market. I enjoyed trading today but there was no trade executed except Crude Oil. Any way good experience today.
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