LTP - 209 SL - 204 Targets - 225+ Timeframe - 2-3 Days
A new impulsive structure has emerged from the low of 265.5 in natural gas. Price has accomplished wave (5) and started the zigzag correction at 801. Currently, Natural gas is forming sub-wave 5 of impulsive wave C. Natural gas has also broken down 200 EMA and the base channel of 2 – 4 wave, which signals bearish momentum. It has faced strong support of ...
Hello Friends, Here we had shared possible Elliott wave counts on hourly chart of USOIL CRUDE OIL, in which we can clearly see that after low of May 2023 Oil has done wave (1) & (2) of some degree and now we are unfolding wave (3) of same degree, Inside (3) also we had finished wave 1 & 2, and now possibly we had started wave 3 of (3) which may go $ 73 as an...
Gold Likely to touch min 1878 in coming days. if short on my May 9th view, can NOW START trailing SL to 3 Bar High+ (Daily)
Always take entry after multi. confirmation. This is a smc & multi confirmation based entry. You are requested to take full care of your risk management. If I can be of any use to you, please dm me.
GOLD Trading In The Channel Range. Taking Upside Resistance in the channel range trendline and moving downside. BREAKING BELOW THE CHANNEL RANGE WILL IMPACT MORE DOWNSIDE FALL AND LEVELS GIVEN IN THE CHART. {VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE.}
Crudeoil short below the support level for immediate target marked in green line on the chart. if crude oil bounced back from the support region immediate target on upside is marked in the red line. Trade cautiously. Allow candle to close above or below the level to initiate the trade on either side.
XAG/USD Is approaching a very strong pivot level. This level has been tested several times in the past and as we can see on the chart it has been acting as support and resistance both. With the silver having a very sharp fall it is very likely that this level will act as a support, and there can be mean reversion after the extended fall that we have seen in the commodity.
Gold prices hit a three-month low in midday trading on Thursday in the US. Central banks are still focused on their monetary policies this weekend. This trend of falling prices is due to both reduced demand and the increasing attractiveness of government bonds as bond yields rise. In the end, gold for August dropped by $19 to $1,925. The central bank of Norway...
Crude oil taking support in the same region marked in green for multiple times. for a decisive downside momentum from here crude oil needs to break the support region as per 15 minute candle closing basis. However, if crude oil manages to break the trendline resistance, the immediate upward target is marked in the chart with a red dashed line. and further upside...
Gold Price breaks a month-old bearish channel towards the south and suggests further downside past the latest three-month low surrounding $1,920. However, the oversold RSI conditions keep offering intermediate bounces as the bullion drops towards the 61.8% Fibonacci Expansion (FE) of May 15 to June 16 moves, near $1,907. Following that, the $1,900 round figure may...
This is an entry taken after a multi confirmation such as SMC, price action etc...All of you are requested to trade only after getting multi confirmation and take full care of your risk management.
Gold is clearly on sell pressure and we can expect more decline
After a sharp decline yesterday, crude oil managed to bounce back from the support zone. currently, crude oil broken out from trendline resistance as per hourly chart and sustained above the supply zone. Next immediate resistance or expected targets on the upside are marked in red line on the chart. Disclaimer: This is just a view and only for educational...
The red flags have been mounting in gold for a few weeks now - and likely to no surprise to regular readers, my opinion continues to reflect caution; today, more so than over the last month. The below daily chart shows the rejection at the prior upward trendline proving itself stiff. The $1930 spot is once again broken to the downside, and daily momentum looks on...
📊 Pattern: Wedge 📌 Symbol/Asset: Balrampur Chini 🔍 Description: Can give breakout from here or may touch support & bounce back 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Currently crude oil is trading near its support zone. a bounce back for the target marked in dashed line can be expected if it manages to close above the trendline resistance as per the 5 minute candle. trade with caution. follow your trading setup before initiating any trade.
Attached: COPPER/ SILVER Daily Chart as of 20th June 2023 The Ratio has given a Breakout from a Cup & Handle/ VCP Pattern today Within the Commodity space it appears that Base Metals are doing better than Precious Metals And so this Ratio can head higher to retest the 0.5 Fibo retracement level as the 1st Upside Target (marked on chart with arrow) Technical...