US Oil is at important zone formation of pole and flag pattern.If this sustain then we can see a good move. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature
Natural Gas has fallen 60-70% from the upside Now NG is near long term support which is coming around 110-120 One should not miss this opportunity to BUY Also RSI is also near to its weekly support It is double confirmation from price wise and also from Indicator wise. We can expect prices to rise upto 220-240 levels. YES, That's almost 100% from...
National Aluminum Once Again Attempting to Break Resistance of 141.60 Stock Should Close Above 141.60 Levels on Monthly Timeframe for Next Rally Keep in Watchlist
I am expecting a Upside rally in Crude Oil in next 2-3 months. The reason is after a big dip now Crude Oil is taking support at a Major support level and forming W pattern.
Turmeric has emerged as a notable script in recent months, experiencing a substantial rally from 9500 to 19000. This impressive performance has reignited interest in the commodity. Presently trading at Rs 12500, a level significantly below its recent high of Rs 19500, Turmeric has garnered renewed attention. Our strategic trading plan involves closely monitoring...
Soybean Oil Futures Analysis: Current Price: $52.71 Soybean oil has consistently been an appealing asset, having traded near the year's high just six months ago. Recently, the commodity experienced a notable downtrend, dropping from $64.80 to $48.01. However, a modest upward movement is now observable. Upon closer examination, we identify a change in...
Copper MCX: We're currently witnessing Copper in a range-bound movement, specifically within the 695-720 range. This zone doesn't offer a clear trading opportunity as of now. To avoid potential traps, it's crucial to wait for a breakout and a sustained move beyond this range before considering any trade. Breakouts often signal a change in market sentiment, so...
Potential Gold MCX Short Setup: A short position may be considered in Gold MCX if the price falls below 60620, with a stop loss set at 61150. Please note that this trade setup is only valid if the price does not breach 61120 before activating the short. Disclaimer: Trading involves risks, and this is not financial advice. Always perform your own analysis and...
Gold MCX has settled into a range, possibly confined within a 1000-point zone, specifically between 60125 and 61125 . It's prudent to exercise patience and await a decisive breakout from this range before considering new trades. Stay connected for forthcoming trade ideas. Disclaimer: Trading involves risk, and past performance is not indicative of future...
Elliott wave analysis:- Impulse wave formation has been formed. 1,3,5 wave are impulse and the 5the wave was an Ending Diagonal. . if this wave has not broke above the 5th wave then we can go for short at CMP. stoploss@22.24201 if pattern failed then we have to wait and watch the wave formation. i am not a SEBI registered advisor. Before taking a...
Elliott wave analysis:- View 1:- if it is a BULLISH triangle then it will break upside and the entire pattern next to w) wave is TRIANGLE X) Pattern. View 2:- If X wave was flat correction then a) wave was completed and b) wave was a BEARISH triangle and C wave has to break downside and the target will be same size of a) wave. i am not a...
Clearly visible sentimental extreme on Vedanta Limited - followed by a story of demerger (the knight in shining armor). Another great signal is a strong bullish engulfing pattern into the closing today. Long-term wave count: Stupid as these may sound but we have a potential target of 1500 on this stock - may be higher.
UK100 has a clear 5 wave up from COVID-19 lows. This is either an ABC pattern or a five-wave impulse. In either case, we should anticipate a significant move. Such big moves sometimes come after sentimental extremes or events - which is much awaited. If this transpires, would be led by a commodity-led rally, which would in turn imply a weak dollar, loose...
The triangle pattern is set to ng and make a strong movement n next few days
Go Long. Looks like uptrend has arrived Keep stop loss around 6400
Crudeoil looks bearish for short term.going down in wave C
Natural Gas has broken out from the head and shoulder reversal pattern on the hourly timeframe. On the daily as well it seems to be forming a reversal pattern and hence the longs have a good chance of succeeding in this environment. Moreover it looks like the previous move was more of a correction rather than an impulse move down. Stops below the right shoulder...
Attached: COPPER/ SILVER Daily Chart as of 20th June 2023 The Ratio has given a Breakout from a Cup & Handle/ VCP Pattern today Within the Commodity space it appears that Base Metals are doing better than Precious Metals And so this Ratio can head higher to retest the 0.5 Fibo retracement level as the 1st Upside Target (marked on chart with arrow) Technical...