Crude Oil important levels to watch are as follows #SUPPORT: 6080 #RESISTANCE: 6160 #buy above 6160 with a strict trailing Stoploss as per your risk appetite. Expected targets mentioned below: Target 1: 6240 Target 2: 6320 Target 3: 6395 #Sell Below 6080 with a strict trailing stoploss as per your risk appetite. Expected targets mentioned below: Target 1:...
Crude oil price again rejected from 200 ema in 1 Day time frame. In 4h time frame clear formation of double top & falling RSI. Price may retest 6000 level, below 6000 level 5700 may also be possible.
Gold Sell now down trend sideways breakout already. Target will be act as next support once reached.
Weak secondary price trend, but upward primary trend (or in higher time frame)
Gold and Silver have both rallied strongly last week, they are now above the key resistance levels. Silver especially looks much better placed to rally compared to Gold. With the supports close by now there is a good chance that we see a good rally in the bullion.
World gold price on the first day of the week tended to decrease with spot gold down 1 USD compared to last week's closing level to 1,953.4 USD/ounce. Last week, the world gold had a 2nd consecutive week of gains when the published inflation reports reduced expectations of interest rate hikes by the US Federal Reserve (Fed). Kitco's recent survey results show...
Gold price reverses the previous week’s retreat from an eight-week-old descending resistance line, grinding higher past the 100-bar Exponential Moving Average (EMA). However, the nearly overbought RSI (14) suggests another pullback from the aforementioned immediate resistance line, near $1,962 at the latest. With this, the XAUUSD is likely to break the immediate...
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Crudeoil important levels to keep an eye on according to hourly timeframe are as follows; #Cmp= 6150 # Support = 6020 the region of 6040 to 6020 is acting as a demand zone which means price may bounce back from the region as majority of buying positions can be expected in the demand zone. expected targets on downside after the break of support Target 1:...
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...
What a Fantastic Bull Run In Silver MCX. Looking Forward for Profit Booking Near 74000 Levels.. :)
Gold price rises to the highest level in a month after crossing a convergence of the 200-SMA and a six-week-old descending trend line, around $1,940 by the press time. The breakout joins bullish MACD signals to keep XAUUSD buyers hopeful. However, the overbought RSI (14) conditions suggest limited upside room, which in turn highlights a horizontal resistance area...
Silver break out upside with big volume with price action. target will be upper trend line & SL willbe just today candle low. Same as Gold.
Tata Steel has seen sideways movement for long time & Volatility has been contracting weekly bands have tightened & its already at upper end of weekly band Weekly RSI maintaining above 50 a close above 60 would mean trending period daily RSI is stable above 60 keep this stock in watch list. Charts for Education Purpose only.
JSW ISPAT is looking good for an upmove in coming days * A falling wedge breakout and also change of structure from downtrend to uptrend * Monthly inside bar candle breakout and also sustaining above it indicating good strength A stop loss below the low of 29 looks enough for targets towards 38-43 RR 1:3
CASH SEGMENT -> Delivery Based Upmove and Speculative Downmove F&O -> Resistance is Around 250 with Support Around 230.
Fundamentally USD is Going to Be Super Strong because of upcoming positive events for USD which is not good For XAU/Gold