Retracement till 1880 and then Short to 1825
As a retailer you would have been probably stopped out below the support that i have marked below as a blue line. In reality it was a well planned move to the upside.
Clearly todays inventory data showed fall in reserves of inventory. So when inventory data is less it implies that lot of crude which was saved up as reserves were put to use or in other words consumed. Now I want to shift your attention to this term " PRODUCTIVITY OF A COUNTRY " When crude is consumed like the data shows it means productivity of a country is...
Silver seems to have completed its 5 wave fall and should settle at this level or slightly lower before it moves up from the current levels. We are near the end of wave 4 at a primary degree and should move to new highs if it gets support at these levels
Just check How crude is near triangle breakout. Also check how scalping indicator is providing perfect buy sell signals!!
Natural Gas levels...23/09/2020 (1hr Candle)
Again Same Markets heading to Congestion ZONE Excercise Caution !!! Gold performing better again than Silver
As per the FOREX GOLD chart idea I have been posting in the last few weeks, the gold is in accumulation stages and GOLDPETAL Contracts are being traded in the MCX with good volumes. The following idea shows that GOLD has had very strong RSI with above 40 in the last two months. Price breakout chart in USD can be seen below for XAUUSD.
As per my last week idea, there was a strong rejection zone formed on the upside. In the last trading sesssion we saw GOLD break the drawn Rejection line with a small breakout above into our accumulation zone. Currently, GOLD has taken support along the previous rejection line.
Day candle Close below 50000, Can short goldm for target of 46100
Currently it is incomplete converging triangle (abcde) and completed combined (wxy) correction. . .
learn how Algo performs so perfectly on Crude. This indicator will assist you in takig buy sell decisions in crude trading. Learn it over here...
I hope you can now see how USOIL represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the...
Gold trading in the zone forming symmetrical triangle, waiting for the breakout .