Natural Gas: Key Levels to Watch Important levels for Natural Gas: Bearish below $200: This suggests a potential downward trend if the price falls below $200. Invalid above $204.5: Prices exceeding $204.5 might be considered outliers or unreliable due to potential reasons like insufficient data or technical glitches.
#Silver Intraday Analysis - Bullish Ascending Triangle Current Price: Above 87460 Target: Level 1: 87650 Level 2: 87800 Level 3: 88000 Chart Pattern: Ascending Triangle (Bullish Continuation) Rationale: Silver is trading above 87460 within an ascending triangle pattern. This pattern typically indicates a continuation of the uptrend. A breakout above the...
Technical Analysis - Potential Cup and Handle Formation Timeframe: 1 Hour Pattern: Cup and Handle (developing) Buy Zone: 72400 - 72500 Target Zones: 72800, 73000, 73200 Rationale: The chart appears to be forming a cup and handle pattern. The cup is a U-shaped price movement that indicates a period of consolidation after a price increase. The handle is a...
Strong resistance level observed, lacking buying momentum for breakthrough. Expect price movement in either direction, prepare entry orders accordingly. Crude faces resistance at 6677, with a projected downside of 70 points.
✔️Price trapped in a tight squeeze (145.8 - 150.6) - BIG breakout COMING! 📈 Bulls or bears, this one's about to EXPLODE! Long target: 155- 160 Stoploss: 148
📉 #Silver finds support at 79400, but watch out! 🔸If it dips below 79250, brace for a potential plunge of 300-900 points. 📈 Bullish zone at 80700. 🕓Timeframe: 1 Hour Good above 80700 Target1: 82000 Target2: 83100 Bearish below 79250 Target1:78900 Target2: 78400
#Gold Update | April 2024 Timeframe: 4-hour Gold found support at 71220 and rebounded similarly to the previous week's low. Bullish sentiment prevails above 71630, while a bearish trend is anticipated below 71220. Stay tuned for a potential breakout.
Timeframe: 4 hour Check the below trade Above 2381 Target 2432 Stoploss 2361 Front Month Comex Gold for April delivery gained $10.60 per troy ounce, or 0.45%(rounded) to $2382.30 today
Timeframe: 4-hour ⏰ A simple story unfolds as silver crafts a triangle pattern. Keep your eyes peeled for an exciting breakthrough above 84000, hinting at potential fireworks ahead! 🚀 More than 2600 points ahead. DO YOU AGREE WITH THIS IDEA? GIVE IT THUMBS UP
Timeframe: 4-hour ⏰ 🔍 Observing an intriguing D cup pattern emerging in crude oil. The alluring support beckons at 6726. Exciting times ahead! 💃🕺 Selling point at 6860 Target would be 6700 - 6680 (+150 -- +170 points)
Timeframe: 4-hour Entry: Favorable above 149 Targets: 155.5, 162 Stop Loss: 145 Technical Analysis: Natural Gas Storage data is pivotal for price movements, reflecting the market's supply-demand equilibrium. Elevated storage builds may exert bearish pressure, while lower builds or draws could drive prices upward.
Update :- 🔸Support at 6811, with a potential move towards the 7000 level for settlement. Long only above 6950-6960. 🔸Crude oil prices declined over 3% due to robust US oil supply & growing demand concerns. 🔸US crude inventories increased by 2.735 million barrels.
🔸Technical Analysis: Current Situation: Crude oil is approaching the critical support level at 7100. 🔸Scenarios: If the support at 7100 is breached, further downward movement is anticipated, with potential for lower levels. However, there's a possibility that crude oil could find support at this level and reverse its direction, moving upwards. 🔸Market...
🔸Technical Analysis: Support: 142 Resistance: 149.1 🔸Current Observation: Natural gas has found support at the 141.3 level. Market News: 🔸European natural gas prices have surged to a 2024 high, driven by heightened tensions in the Middle East, supply disruptions, and forecasts of lower wind conditions. 🔸UK natural gas futures surged to a 2024 high of above 81...
Here are the key levels to watch: Bullish above 7190: If crude oil prices rise above the 7190 level, it indicates bullish momentum in the market. Bearish below 7100: Conversely, if prices fall below 7100, it suggests bearish sentiment taking hold. Traders and investors are closely monitoring these levels to gauge market direction and make informed trading decisions.
Technical Analysis: Price failed twice to breach 7322, forming a double-top pattern. Key neckline at 7057 suggests potential downtrend to 7000, unless breaking above 7330. Support at 7100 (Bearish) Resistance at 7170 (Bullish above) Market Insights: 🔸 Potential dip in oil prices below $90/barrel post Iran's attack on Israel, considering pre-existing rally and...
Technical Analysis: Natural gas prices bullish above 160.1, bearish below 154.5. 🔸UK natural gas futures surged to nearly 72 pence due to fears of attacks on Ukrainian storage. 🔸Oil prices at six-month highs amid Middle East tensions. 🔸Japanese LNG demand rises, intensifying global supply competition. SENTIMENTS : Bullish🚀 Wait for 1 hour candle for confirmation.
Today, there were no trades in crude oil. I anticipated an upward movement, but it reversed instead. According to the chart, if crude remains below 7100, it may be considered bearish. A bullish signal is only confirmed if it rises above 7150.