BUY Above 7400 - target 7500 and 7600 Don't carry forward trade for tomorrow
Gold is expected to take a bounce from the 57500 support level. If gold fails to sustain above 57500, it could fall to touch 57250. The fall in gold is due to a stronger US dollar, higher treasury yields, and the upcoming US Federal Reserve rate decision. Analysis Gold has been falling in recent days due to a number of factors, including a stronger US dollar,...
- Crude oil is losing momentum in the 1 hour chart due to persistently high interest rates. - Waiting for momentum to return near 6 p.m. today. - The chart shows possible targets for crude oil in the near future. Analysis The 1 hour chart of crude oil shows that the commodity has been losing momentum in recent hours. This is likely due to a number of factors,...
Reason for Fall - Due to the strengthening of the US dollar, metals came under pressure. Technically, a falling wedge pattern is forming, and the market could break out at any time. Astrologically, market sentiments are upside for the coming sessions, based on current planetary positions and movements. Next Support between 58000- 57800
The symmetrical pattern means a neutral chart pattern with two converging trend lines. More likely to break out in the direction of the prevailing trend. SELL BELOW - 7470 BUY ABOVE - 7580
Natural gas sustained above the support zone mentioned targets will likely see a continuation of the uptrend, with potential for further upside.
Russia's diesel export ban sends European prices soaring, amid geopolitical tensions, which could also lead spike in crude oil prices.
Look closely at the chart. Each time crude oil tries to gain upside momentum, it falls back to the same support level.
Gold prices are expected to trade in a range of 56,000-58,500 rupees per 10 grams this week, with a downside bias. The US Federal Reserve's commitment to a more aggressive monetary policy stance is likely to weigh on gold prices in the near term. However, gold could find some support from a weaker rupee and rising geopolitical tensions. If gold reaches between...
Fed rate hike signals pushed oil prices lower, with Brent crude closing at $92.40 and WTI at $88.57, marking a second day of losses. Analysts expect consolidation to continue, with short-term tightness supported by supply constraints. SUMMARIZE: We are expecting crude oil to fall between - 1.5 - 2.7% within this week
Technical Analysis: Crude oil is currently trapped in a demand zone. This means that there is a concentration of buyers at this price level, which is preventing the price from falling further. If the price of crude oil can break through the resistance at the top of the demand zone, it will likely continue higher. Trading Strategy: Traders who believe that...
Technical Explanation: Gold is currently in an uptrend, as evidenced by the higher highs and higher lows that it has been making. The 59400 level (R1) is a key resistance level that gold needs to break through in order to continue its uptrend. If gold is able to sustain above 59400 (R1), then it will be a bullish signal, and further levels can be expected. ...
Crude oil market is in a bullish trend. However, the price is approaching a key resistance level, and a break through this level could lead to a significant correction. Traders should be prepared for this possibility and should take profits if the price reaches the supply zone.
72400 is a key level for #Silvermini If the price sustains above this level, we can expect a breakout of more than +500 points
#Crudeoil Gap down opening, in today's session resistance placed at 6854 and support 6636 If support is broken we can see further downside movements🔴