The markets are falling down because of increased fear of recession. Recession affects everything, be it stocks or commodities like CRUDEOIL, NATURALGAS, SILVER, GOLD etc. Energy sector fell drastically yesterday. Crude Oil fell about 11% whereas Natural Gas fell about 6%. Crude Oil has a strong supply zone around 9300 according to the monthly timeframe from...
Xauusd looks bearish below 1815 . Sell - 1812 Target - 1800 , 1760 Sl- 1823
Hey M, I am looking to sell GBPAUD below 1.76000 and expecting continuation to the 1.75000 based on fundamental and technical confluence price broke major resistance and tuned to rejection to support and supply creation to continuation of bearish momentum with head and shoulder confirmation thanks.
Crude Oil Ichimoku Cloud Setup : 1). Today's close is below the Conversion Line 2). Cloud is broken with volume 3). Chikou span is slanting downwards All these parameters are showing bullishness at CMP, and more bullishness will be visible after it cross 1300. If 96$ is broken then 87$ is very much possible. If sustain above 102$ then regain at 109$. #This...
Fundamental Development: Oil was up on Tuesday morning in Asia over supply tightness concerns as a strike in Norway threatened to disrupt oil and gas output. Brent oil futures rose 0.23% to $113.73 and crude oil WTI futures jumped 1.86% to $110.46. On Tuesday, Norwegian offshore workers began a strike that will reduce oil and gas output, according to Reuters. The...
XAUUSD reached an intraday high of $ 1,814.41 and found buyers at $ 1,803.93. From a technical standpoint, the metal is neutral to bearish on the daily chart, trading well below a bearish SMA of 20, which is currently converging with a descending trend line at $ 1,831.70. The Momentum indicator is flat around its midline, while the RSI indicator consolidates...
Gold is currently trading in range , we already seen good bounce from the recent Low/Support 1785, We have to wait how Price Behave if it test the marked Zone (High Volume Zone ) 1805 area .If able to hold on this zone then we can think about the buy otherwise more decline/Re-Test possible. **Previous Idea Comes true***
Fundamental Development: Oil was down on Monday morning in Asia as fears of an economic slowdown outweighed the supply tightness amid lower output from the Organization of the Petroleum Exporting Countries (OPEC).Brent oil futures inched up 0.05% to $111.66 and crude oil WTI futures inched up 0.01% to $108.42. In addition, a strong USD also weakens broad commodity...
The decline in gold as of late has brought XAU/USD deeper into the 1787 – 1810 support zone. Clearing this range could be a sign of further pain to come for the yellow metal. Guiding the pair lower has been a falling trendline from March. In the event of a turn higher, this line could reinstate the dominant downside focus. Extending losses would place the focus on...
MCX:CRUDEOIL1! Trade Setup for 04-07-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up...
Time of playing out might change but this trajectory has a high probability imo. Idk how/where to trade this yet, but you can also use it to guage the macro picture doing this and know when to get risk averse. Difficult times all across looks to be brewing. Time to research what should one be doing in those times is NOW. Long, short term, swing short long term...
THIS IS MY IDEA , Buy 109 Sell 103 .. Only for study .. support & residents ..for week....
Setup Contains: 1. Structure Shift 2. Liquidity hunt + Key Levels 3. Returned To Orderblock FOLLOW PAFX & TRADE LIKE BANKS 💸
After sharp fall from top of the wave 5 or we can say top of June month, it has fallen in five subdivided pattern as a wave A, which clearly shows that correction is in zigzag pattern, we all know some basic rules for zig-zag correction, that it comes in three subdivisions like A-B-C, and wave A always subdivides into an impulse or leading diagonal, and wave B...
Silver Is Limited In Lower Range But Should Bounce From Those Lower Levels Expecting Silver To Touch $21.XX With a Strict SL Below $19.40 Can Go Buy Around $21.XX Levels Patience is The Key For Success
Failures cross the key SMAs join descending RSI line, not oversold, to keep crude oil sellers hopeful amid economic slowdown chatters. The black gold, however, needs to stay below the weekly support line, around $107.00 by the press time, to direct bears towards the last monthly bottom of $101.00. In a case where the energy benchmark fails to recover from $101.00,...
Fundamental Development: Oil prices edged higher on Thursday after dipping in early Asian trade, as concerns about global supply tightness outweighed a build in U.S. gasoline and distillate inventories. Brent crude futures for September, the more actively traded contract, rose 63 cents, or 0.6%, to $113.08 a barrel .The less liquidity traded August contract, which...
Copper trading at the 3rd line support of diagonal pattern, also has strong support at 670 zone, Expecting buyers to hit 780-800 in case of correction and if in case of new trend …price ll rally to 950+.