Symbol Naturalgas Timeframe Day chart Analysis MA6 is above MA 18 && MA 18 is above MA 40. MACD value is above zero. Pattern found is W pattern and CUp n handle Pattern.
Gold braces for the second consecutive weekly gain as it confronts the key resistances on the US Nonfarm Payrolls (NFP) day. Among them, the four-month-old descending trend line is the immediate challenge for the XAUUSD bulls around $1,945 ahead of the $1,955 crucial hurdle comprising the 100-SMA and the previous support line from late 2022. It’s worth noting that...
Gold prices continue to increase today as newly released data shows that the labor market is showing signs of cooling and the US economy is slowing down. Specifically, the report on gross domestic product in the second quarter of the US Bureau of Economic Analysis showed that the economy grew by 2.1%, lower than expected. Analysts are now closely watching the...
Pretty simple chart which shows the flag pattern being formed in the natural gas. It is just breaking out. Looks like there is a lot more to come in this commodity. This is also after forming an inclined head and shoulder reversal on the hourly timeframe. Makes it a high probability setup to trade.
Expected to Breakout soon. Tgt mentioned on chart.
This morning, the price of gold decreased due to a speech by Jerome Powell, the Chairman of the Federal Reserve (Fed), at the annual banking conference. Powell announced that the Fed will continue its tight monetary policy until inflation reaches 2%. This is understandable as the US Consumer Price Index (CPI) has increased from 3% in June to 3.2% in July....
MCX Silver may have started a bullish move to 85000 around now.. Wave counts & harmonics made for a bullish movement for next 2 months.. Stop loss can be kept around 69000
Crudeoil important levels to watch are as follows #Support: 6420 Sell below:6420 only on 15 minute candle closure below the level. Target 1: 6350 Target 2: 6240 #Resistance: 6560 Buy Above: 6560 only on 15 minute candle closure Above the level. Target 1: 6630 Target 2: 6760 #Demand Zone: 6450-6420 act as a immediate buying zone, and price may bounce from...
Crude oil is forming a slightly inclined head and shoulder pattern but it is still a clear pattern. The target is quite low as measured from the pattern. There is a small support before the target and that is the place where we can get some halt which is around 6334. But apart from that the target aligns nicely with a support level from where we can expect a good...
price got rejected from dotted ascending trend line previously we have decide to go long on crude as there was good setup as per smc but price didnt came to our buying limits and a sudden gap down creates a panic and price got sold out now price has breached first higher time frame demand and halting at non mitigated level which is another higher time frame...
Crudeoil important levels to watch are as follows #Support: 6600 Sell below: 6600 only on 15 minute candle closure below the level. Target 1: 6550 Target 2: 6490 #Resistance: 6675 Buy Above: 6675 only on 15 minute candle closure Above the level. Target 1: 6730 Target 2: 6790-6810 #Demand Zone: 6600-6630may act as a immediate buying zone, and price may...
All eyes are on on Jackson Hole meeting today, Gold is under CPR, and DXY moving in the higher side without breaks, Let's see whats in Friday's menu
Hello Friends Here we had shared possible Elliott wave counts of SILVER international chart on daily time frame, which are clearly suggesting us that currently we are in some ending phase of correction, which might be finish any time so now selling is not suggested but buying on dips only. I repeat, buy on Dips only is suggested as per Elliott wave structures,...
Gold braces for the first weekly gain in five while bouncing off the multi-month low marked earlier in the week, piercing the 200-DMA of late. The upside bias gains credence from a looming bull-cross on the MACD, as well as a recovery in the RSI (14) line from the oversold territory. However, a nine-month-old previous support line, close to $1,950, precedes a...
The Initial reaction to the data saw EURUSD spike 50 pips lower before hovering around the 1.0820 handle at the time of writing. Key area at present with the 200-day MA resting just below the 1.0800 handle and could cap further losses. EURUSD did face selling pressure as a stronger US Dollar and rising US yields saw the pair fall to support around the 1.0840...
In Yesterday's trading session, we have seen big bullish spike /short squeeze(correction +Retailer Squeeze + Near to expiry PCR)and gold printed a healthy bullish candle which covered almost 5-session decline. On the price action note now the main task for bears is to breakdown the daily pivot as bulls now defending daily pivot successfully from last 3 trading...
On the 4-hour chart, the EUR/USD has broken short-term support levels from June, confirming an upward trend. However, resistance levels from July have maintained a downward technical trend. Immediate support can be seen at the 1.0833 - 1.0859 range. If this area holds, prices could rise and test the downward trend line from July, potentially sustaining a...
The commodity is breaking out from the head and shoulder reversal pattern on the hourly charts. The chart is self explanatory, trend which one can ride for a while.