The price is consolidating near the recent resistance zone of 1.685 to 1.705. This implies buyers were able push the price till resistance; but sellers are not strong enough at the resistance point to push the price lower. But, buyers are able to hold it higher. Anytime the price can burst to next resistance of 1.768 to 1.778. Hence buying is recommended at...
If price trades below $21.90, selling is advisable. Heavy sellers dominated from $26 to $20.77. Then buyers were able to retrace only till $23.60 - the recent high. Price is taking a dynamic resistance of 20 EMA - which is kind of strong trend indication. First Opposing Force for this fall can be expected around $20.25 to $19.70; further price can test $18.60 as...
if it breaks 20.30 then it will go 17, 12 else it will be 27. Let's wait and watch how the market is performing.
Just plotted the graph. Lets see how it behaves with Fib.
Ascending triangle pattern is seen in NG (like in crude yesterday), this implies buyers are in control. The price comfortably closed above the triangle's top (1.730 zone). Buyers can push the price higher from here till next supply zone of 1.825 to 1.850. Post which they would take a breathe or rest - will be decided later. As of now, its a temporary buy. Carrying...
Ascending triangle pattern is seen. The pattern is broken at top and we can expect the price to travel till $27.50 ranges. This could be a temporary push; after testing the $27.50 ranges, price can fall further - either till previous low or even below. Lets wait and see.
So much is changing everywhere.
Next, we'll see there.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.78). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NGAS is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Crude after the saudi news has now consolidated and showing some volatility for traders. Resistance for MCX Crude 2763 Expectation Upper range to stay near 2700-2800 for the week. Trade Real time trades can be obtained from me via social media platforms
BPCL can move either side. Chart analysis shows it has broken the support zone and should head down towards 360 levels But privatisation and fall in crude oil price can push the price up. Due to coronavirus, the market is mostly based on the news rather than technical. Upside target of 503