Value Flow @ MCX

Here are some simple weekly charts ( 30 minute duration) showing the value flow in Copper, Crude, Gold, Silver.

 

The charts are annotated.

 

The charts show the value area (weekly value) in blue and the Point of control of the week in purple in the middle of the blue shaded regions.

 

Copper :

 

Mcx%20Cop Value Flow @ Mcx

 

Copper has been selling off since it made a high at 445 last week.

 

This week value was established lower and the purple dpoc shows how the seller kept up the offensive. The current dpoc at 418.5 will keep the seller in control as long as price is below it.

 

Inference– Price below DPOC and below value= seller in absolute control.

 

Crude :

 

Mcx%20Crud Value Flow @ Mcx

 

Crude was held stationary at the previous high volumes around 5310 most of this week. The dpoc finished at 5310 as well.

 

A movement above 5310 should give a positive bias to this index in the coming week. Support below is at 5244.

 

Inference – At value and close at dpoc. A change will come next week which is highly actionable.

 

Silver :

 

Mcx%20Silver Value Flow @ Mcx

 

The market spent most of the week rotating neat the 56100 zone. A move away from that zone met up with selling near the previous gap region and price promptly returned back to the fair value zone.

 

Inference : The market may now attempt to find new sellers on the Opposite side . Hence a move towards the previous week's lows is the preferred option.

 

Gold :

 

Mcx%20Gold Value Flow @ Mcx

 

Gold is trying to build value higher. Immediate support is the high volume zone of the previous week..