MCX Commodities Composite Index H&S Breakout

MCXCOMPDEX, MCX Commodities composite index has broken out of its long term Head & Shoulders pattern indicating strength in commodities. If this breakout continues, we can expect prices of major commodities (gold, silver, crude, copper etc.) to give good up side in coming weeks and months.
Chart PatternsCommoditiescommoditiesindexheadandshoulderbreakoutMCXMCXCOMPDEXTrend Analysis

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