Looks silver showing good opportunity for long. Marked important levels, please understand the price levels and take your own action. ___________ Disclaimer: None of the trading calls given by meshould be construed as an offer to buy or sell any financial instruments, nor advice to do so. All information shared by me is for learning purposes only and has no...
Fundamental Development Oil prices hovered around a two-month high on Friday, with Brent crude on track for its biggest weekly jump in 1-1/2 months, supported by the prospect of an EU ban on Russian oil and the coming summer driving season in the United States. Brent crude futures for July dipped 9 cents to $117.31 a barrel after rising to as high as $118.17...
Fundamental Descriptions: Gold was up on Friday morning in Asia and was set for a second weekly gain after the dollar retreated from 20-year highs. Gold has benefited from a strong bearish reversal in the dollar. On May 13 the dollar index hit an apex trading to a high just above 105. In the last nine trading days, the dollar has declined to its current value of...
WTI Crude is finally breaking out from what seems to be a very very important resistance zone, with Energy stocks already showing strong Relative Strength globally, this could be the cherry on the cake for what lies ahead with Crude. From a tight range is a break out happening which is a very good pivot point to take advantage off here.
Fundamental Description: Gold was up on Thursday morning in Asia, while U.S. Treasury yields gained. Gold’s response has been quite disappointing, with the FOMC minutes also boosting risk sentiment. Gold cut some dollar strength-driven losses after Wednesday’s Fed minutes suggested the central bank would raise interest rates by 50 basis points in June and July...
Gold prices stay pressured inside a fortnight-old bullish channel, recently challenging the channel’s lower line. Given the metal’s pullback from a monthly resistance line, coupled with the descending RSI, gold is likely to witness fresh selling. However, a clear downside break of the stated channel’s support, close to $1,845 by the press time, becomes necessary...
Fundamental Descriptions: Gold was down on Wednesday morning , with inflation's uncertain path giving the yellow metal a uncertainity. The buying momentum around Gold Price extended on Tuesday, as bulls cinched fresh two-week highs at $1870. The US dollar tumbled alongside the yields, extending its downward correction despite a cautious market mood, led by a tech...
#GOLD MCX future contract form Harmonic pattern (Gartley) on a daily time frame. buy on deep is a good bet for the short term.
Fundamental Development Oil prices raised more than $1 on Wednesday, buoyed by tight supplies and the prospect of rising demand from the upcoming start of the summer driving season in the United States, the world's biggest crude consumer. Brent crude futures for July rose $1.38, or 1.2%, to $114.94 a barrel. Brent futures gained 0.1% on Tuesday and are up for a...
Crossing 782.85 leads the way to 806 No overlaps on the structure on LTF
Natural Gas in Q1 RRG and Ready for 8.17 / 8.9 In Q1 RRG and Shunted for a ride!
Crude Oil approaching Reversal Area 10000-9000 . Be Cautious.
Fundamental Descriptions: Gold was up on Tuesday morning in Asia. The dollar was up, stabilizing after its fall during the previous session that helped boost the yellow metal to its highest point in two weeks. The bright metal took advantage of the dollar sell-off and built on the previous week’s recovery rally from four-month lows of $1787. However, the risk-on...
Fundamental Development Oil prices fell by more than $1 on Tuesday as concerns over a possible recession and China's COVID-19 curbs outweighed an expectation of tight global supply and a pick-up in fuel demand with the U.S. summer driving season. Brent crude futures for July fell $1.34, or 1.2%, to $112.08 a barrel. U.S. West Texas Intermediate (WTI) crude futures...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1798.7). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GOLD is in an uptrend, and the continuation of the uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Fundamental Descriptions: Gold was up on Monday morning in Asia, hitting a more than one-week high. A weakening dollar continued to support the greenback-priced yellow metal, even as rising U.S. Treasury yields capped gains. On Friday, particularly, a flight to safety theme remained in play, which boosted the demand for safe havens such as the dollar and the US...
Fundamental Development Oil was up on Monday morning in Asia as the upcoming U.S. peak driving season could see higher fuel demand. Brent oil futures gained 0.63% to $110.71 and crude oil WTI futures jumped 0.54% to $110.88. A weakening dollar also gave the black liquid a boost because that makes crude cheaper for buyers holding other currencies. However, gains...
Brent oil prices managed to bounce off the crucial SMAs and 61.8% Fibonacci retracement of the late February to early March rally, despite posting meager weekly gains. Firmer RSI and the higher-low formation since April also keep the black gold on the bull’s radar. However, the upside bias needs validation from a two-month-old horizontal hurdle surrounding...