OIL bullish for short term upside to 550Hello Everyone,
Have spotted a bullish pattern on the chart that can take the prices to 510-550 in the short while.
Points to note:
> Out of all, Oil sector is showing some strength.
> OIL has seen recovery for the current support levels multiple times in the past.
> Trading above 100EMA with good volumes.
> Hammer spotted
Important leves:
Support: 464
Resistence: 450
Entry Levels: 485-490
Exit Levels: 464 or trail with EMA 100 once it breaches 500 levels.
Risk to Reward: Optimal Entry 485 – Target 550 = Almost 3x Reward to Risk
Energy Commodities
Updated crudeoil chart for aiming 7000+on 24th November I shared crude oil view with potantial target for 7000+ for upcoming days.
On chart my 1st Target is exactly achieved for 6383 on 3rd January 2025 with making high of it.
Now I made updated some potantial support for Crude Oil.
If it comes towards the zone then Crudeoil aiming up fast for 7000+
otherwise crudeoil try to make sideways zone around 6300-6500 for more days.
Natural Gas - January, 2025 month analysis.Two important key levels for the January month are $ 3.13 and $ 4.34 level.
We can look for buy side Opportunities from $ 3.13.
Disclaimer: We are not SEBI registered. All the content (videos, comments, posts, community posts, live streaming, etc) is for educational and informational purposes only, Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions.
03-01-2025 Natural Gas longNow from here onwards, we can look for buy side opportunity GAP is completely filled.
Maximum down side potential is $ 3.30 level, only for today because next trading day is Monday (06-01-2025).
Disclaimer: We are not SEBI registered. All the content (videos, comments, posts, community posts, live streaming, etc) is for educational and informational purposes only, Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions.
Crude Oil Ready to Explode: Wave (iii) Targets Sky-High Gains Chart Interpretation
1. Triangle Pattern:
A visible contracting triangle pattern (marked as Wave (ii)) indicates consolidation before a breakout.
Triangles typically occur in Wave 4 or corrective waves (B waves).
Fibonacci Levels:
Fibonacci extensions (1.618, 2.618, 3.618, etc.) are used to project potential targets for Wave (iii), Wave (v), or corrective moves.
1.618 (7,156): A potential target for Wave (iii).
2.618 (8,125): Extended target for Wave (iii).
3.618 (9,094): A stretch target if the trend is powerful.
Current Status:
The chart indicates that Wave (ii) (a corrective phase) is concluding, with a breakout expected into Wave (iii).
Wave (iii) targets are aligned with key Fibonacci levels, showing potential price surges.
2. Future Projection
After completing Wave (iii) and a brief correction in Wave (iv), the price may proceed to Wave (v), likely targeting higher levels.
Post the 5-wave impulse, a corrective A-B-C structure may follow, resetting the trend.
3. Trading Insight
A breakout above the triangle pattern could confirm the start of Wave (iii).
Regards,
SG
OIL INDIA - SWING TRADE ON LONG SIDESymbol - OIL
OIL is currently trading at 420
I'm seeing a trading opportunity on buy side.
Buying OIL Futures at 420
I will add more long position at 410, if comes.
Holding with SL of 397
Targets I'm expecting are 445 - 460 & above.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
02-01-2025 - NATURAL GAS!After filling the GAP, we can look for an opportunity to long NG.
As per the present situation, buyers can active anytime below $ 3.40 level.
Disclaimer -
1- I am not a Financial Advisor
2- This is only for educational purpose.
3- I am not responsible for any of your trades .
4- Your profits or loss are not my responsibility its on your own risk completely .
5- I simply share my views towards Market , So before taking trade consult your personal Financial Advisor .
01-01-2025 Natural Gas Analysis15 min Chart Analysis of Natural gas.
Till $ 3.37 level every buy move can be short
After $3.37 level:
1. If the price continue in downward direction - then wait for an strong buying pressure for a upside move.
2. If the we get a bullish engulfing pattern at the base - then we can see an up move till $ 3.72.
Disclaimer -
1- I am not a Financial Advisor
2- This is only for educational purpose.
3- I am not responsible for any of your trades .
4- Your profits or loss are not my responsibility its on your own risk completely .
5- I simply share my views towards Market , So before taking trade consult your personal Financial Advisor .
Double Direction Move from now on Natural Gas.Reference from Previous Analysis - Reached $ 4 level.
A rejection from $ 4 level is seen. Now natural gas is in a position from where the seller can take action and try to bring the price to $ 3.40 and fill the gap which is pending or the buyer can take the control and can touch level $ 4.30 and from there we can see a selling move.
In this kind of situations,
* If level $3.40 is tested we should be ready to buy.
* If level $4.30 is reached then we should be ready to sell.
In between we should avoid taking any trade.
Disclaimer -
1- I am not a Financial Advisor
2- This is only for educational purpose.
3- I am not responsible for any of your trades .
4- Your profits or loss are not my responsibility its on your own risk completely .
5- I simply share my views towards Market , So before taking trade consult your personal Financial Advisor .
WAAREE ENERGY TECHNICAL CHART FOR SWING TRADINGWAAREE ENERGY TECHNICAL CHART FOR SWING TRADING ,The chart shows significant fluctuations in price with a peak near ₹4,200 and a recent low around ₹2,800.
A possible reversal is marked with a blue arrow, indicating a potential upward breakout from the triangle.
NATURAL GAS - REVRSAL TRADE ON SHORT SIDESymbol - NATURALGAS!
NATURALGAS! is currently trading at 320
I'm seeing a trading opportunity on sell side.
Shorting NATURALGAS! Futures at CMP 320
I will be adding more position at 330, if comes.
Holding with SL 335
Targets I'm expecting are 295 - 282 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
CRUDE OIL - Short and Long Oppurtunity in INTRADAY 20 Dec 2024Price break the support line (Black color) formed since 11 Dec and it looks like it is time to Short. Also, Monthly CPR Pivot range comes under the support line so there will be oppurtunity for Long if price touch 8840 and reverses and go inside the channel.
Accumulate - Coal India at 400Details:
Asset: Coal India Limited (COALINDIA)
Current Level: Near 52-week low at 400
Support Zone: Around 400
Potential Target: 540
Stop Loss: Below 400 or as per risk tolerance
Timeframe: Medium to long-term
Rationale: Coal India has witnessed a head & shoulder breakdown, pulling the stock to its 52-week low near 400. However, this zone appears to be a strong support level, providing an attractive accumulation opportunity for long-term investors. If the stock reverses from here, it could target 540 in the coming months.
Market Analysis:
Technical Setup: The 400 level has historically acted as a strong support zone, and a rebound from this level could signal the start of a recovery.
Fundamental Perspective: As a key player in the coal and energy sector, Coal India remains fundamentally strong amidst rising power demand and infrastructure needs.
Sentiment: The oversold condition at this support may attract buying interest, leading to a reversal.
Price Target:
Medium-term: 540
Risk Management:
Set a stop loss slightly below 400 to minimize downside risk if support breaks.
Timeframe:
A move toward 540 is expected in the medium to long-term, depending on market sentiment and sectoral developments.
Risk-Reward Ratio:
Favorable setup for accumulation, with a defined support level at 400 and significant upside potential toward 540.
Investors are advised to monitor price action near the 400 level, along with volume and broader market cues, to confirm the reversal before accumulating further.