Which indicator is best for MCX trading?

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Which indicator is best for MCX trading?

Momentum indicators are the most popular for commodity trading, contributing to the trusted adage, “buy low and sell high.” Momentum indicators are further split into oscillators and trend-following indicators.

Which time frame is best for commodity trading?

One to two hours of the stock market being open is the best time frame for intraday trading. However, most stock market trading channels open from 9:15 am in India.

What is the best time to trade in MCX crude oil?

A popular time to trade oil is between 1pm and 6.30pm (UK time) – which is when the New York Mercantile Exchange (NYMEX) is open, and the market often sees high liquidity.

Which minute chart is best for intraday?

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Five Minute Chart Five minutes charts bar indicates high and low and opening and closing of five minutes duration. These are the most commonly use day trading charts. The 5 minutes charts used for the short term as well Day Trading. This Time frame is the best time frame for Intraday trading stocks .

What is the best technical indicator?

The Moving-Average Convergence/Divergence line or MACD is probably the most widely used technical indicator. Along with trends, it also signals the momentum of a stock. The MACD line compares the short-term and long-term momentum of a stock in order to estimate its future direction.

Is MCX trading profitable?

Finally, in commodity trading, it is just as easy to profit selling short as buying long. There are no restrictions on short selling as there are in the stock markets. Having the potential to profit just as easily from falling prices as from rising prices is a major advantage for an investor.

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Which crude oil is traded in MCX?

contract Crude oil
12.1 – The contract Crude oil is the most actively traded commodity on MCX.

What moves volatility 75 index?

As a volatility gauge, the VIX generally portrays investor fear or complacency. When the US 500 goes down, the market interprets this as fear in the market, which consequently pushes the Volatility 75 higher. Still, the Volatility 75 Index measures volatility, and does not necessarily indicate future market direction.